Wealth Builders Academy Review: What Is Stedman Waiters' DBA Hack?

Wealth Builders Academy Pros and Cons

Pros

• Strong community support on Skool
• Direct lender relationships and insider access

Cons

• No pricing publicly disclosed
• Overoptimistic claims
• Success depends on your sales and networking skills

Price: Wealth Builders Academy pricing is not publicly disclosed.

Refund Policy: Wealth Builders Academy does not display any refund policy

Origin: Wealth Builders Academy was founded by Stedman Waiters alongside Waiters Capital in 2021.

What Is Wealth Builders Academy’s DBA Hack?

Wealth Builders Academy’s DBA Hack is a business structuring strategy that helps funding brokers secure approvals for clients in “high-risk” industries. Here’s how the DBA hack works:

• Consultation process: The broker advises clients to form a new LLC with a neutral name like “Precision Services LLC” or “Summit Solutions LLC” instead of “Mike’s Auto Repair LLC.” The client then registers their original business name as a DBA under the new entity.
• Application submission: The broker submits the funding application using the generic legal entity name rather than the industry-specific DBA. This allows the application to bypass automated screening systems that flag high-risk industry keywords.
• Favorable classification: The broker selects neutral NAICS codes like “All Other Support Services” instead of industry-specific codes that trigger automatic rejections. The business description focuses on general services rather than specific industry activities.

Stedman teaches brokers to restructure their clients’ businesses using generic legal entity names while maintaining industry-specific DBA (Doing Business As) registrations. By advising clients to separate their legal business entity from their marketing identity, they can bypass automated lender screening systems that reject certain industry names.

Most funding brokers struggle with clients in industries like auto repair, restaurants, construction, and beauty services because lenders automatically reject applications containing these keywords.

‌For instance, a client who was rejected three times as “Premium Auto Detailing LLC” might get approved for $75,000 when restructured as “Precision Services LLC” with a DBA registration. Wealth Builders Academy’s DBA hack helps students successfully fund clients that other brokers cannot help.

What Do You Get With Wealth Builders Academy?

• The full funding broker training curriculum
• Access to direct lender relationships and banker connections
• Templates for sales scripts, contracts, and client onboarding
• Live coaching calls with industry experts
• Private Skool community with over 170 active members
• Credit repair training for additional revenue streams
• Automation tools and plug-and-play website systems
• Optional paid 1-on-1 support for students who need individual guidance

How Does a Funding Business Work?

A funding business involves acting as a middleman between business owners needing capital and lenders. The business can be broken down into several steps:

• Lead generation: Find business owners who need funding through networking, referrals, or marketing campaigns.
• Qualification: Assess the business’s credit score, revenue, and funding needs to match them with appropriate lenders.
• Lender matching: Connect qualified businesses with direct lenders, banks, or alternative funding sources based on their specific requirements.
• Deal facilitation: Guide both parties through the application process, documentation, and approval procedures.
• Commission earning: Receive payment from the lender upon successful funding.

The business model requires no inventory, minimal overhead, and can be operated remotely. Success depends on building relationships with both business owners and lenders.

What Skills Do You Need to Succeed as a Funding Broker?

• Sales and communication: Ability to build rapport with business owners and present funding solutions effectively.
• Relationship building: Networking skills to develop connections with both clients and lenders.
• Industry knowledge: Understanding of credit, lending requirements, and various funding types.
• Persistence: Handling rejection and maintaining consistent outreach efforts.
• Professional presentation: Credibility and trustworthiness when dealing with high-value transactions.
• Time management: Balancing multiple deals and maintaining organized follow-up systems.

Success typically requires 6-12 months of consistent effort to reach significant monthly income levels. Jumping as a beginner with no connections will be very difficult. The business demands patience and long-term relationship building.

Who Is Stedman Waiters?

Stedman Waiters is funding broker from Las Vegas, Nevada. He graduated from Georgia Southern University with a degree in electrical engineering and played D1 football as a linebacker. Before entrepreneurship, Stedman worked as an electrical engineer for 4 years. He founded Waiters Capital in 2021 using his systematic “Prove It” approach to business funding. Stedman has connected more than 200 entrepreneurs with over $40 million in business funding.

Why Local Lead Generation Is My Top Middleman Business

Local lead generation is my top remote business because it creates predictable, passive income without the relationship management demands of funding brokerage. You build SEO-optimized websites and rent them to local businesses for fixed monthly fees. The model requires no ongoing sales calls, client management, or commission negotiations.

Unlike funding brokerage, which depends on deal flow and market conditions, local lead generation provides consistent monthly recurring revenue. You can scale by replicating the rank-and-rent process across hundreds of niches and thousands of local markets. This approach earned me $52,000 a month in passive income. The hands-off nature gives you time freedom while maintaining income predictability. Check out our local lead generation program to learn more. You can even earn while learning by selling leads to one of my long-term clients.