The first commission line of credit, built for real estate professionals
Get the capital you need for financial continuity and business growth. Draw up to 75% of a pending commission up to 60 days early for as little as 3% for 30 days.
Pay your agents with ease. Fast and streamlined commission disbursements. With Tongo, qualified agents can also draw up to 75% of a pending commission up to 60 days early.
Get Started
BENEFITS
Better Access to Capital
Spend and save smarter with separate business and personal accounts, automated budgeting, and tax savings.
Having access to future commissions up to 60 days early can help agents acquire more listings, faster. Learn more about Tongo’s commission line of credit.
Sign up takes less than a minute. Then simply tell us about your pending deals to build an available limit. Limits are based on pending commissions, production, and paymenthistory. Upload multiple deals to build a higher limit.
Use your approved line of credit by instantly transferring funds to your checking account or by making purchases with the Tongo card. Either way fees are as low as 3% per 30 days. Come back to your line of credit as many times as needed before a deal closes.
STEP THREE
Repay
Tongo gets paid when you get paid. When your deal closes and you receive your commission, your Tongo balance for that deal is due in full. Fees are charged on only the amount of the line of credit used. If you don’t use any of your credit line, there’s nothing to pay.
Tongo Reviews
Here's what Tongo members have to say
With Tongo, paying agent commissions is the easiest it’s even been. Plus, with Tongo, we feel confident that our agent data is kept private and secure.
Since offering the Tongo Benefits platform, we’ve seen agents grow their businesses with more confidence and use advances from their commission lines of credit to fuel growth.
Join Tongo in less than a minute and get access to your commission today.
Your Tongo balance is due in full when your deal is closed. If a deal closing is delayed, the due date adjusts accordingly. If a deal falls through, your next deal will be your replacement deal, and the Tongo balance is paid in full when your replacement deal closes.
What types of deals Tongo accept?
Residential sales transactions that are scheduled to close within 60 days are eligible for a Tongo commission-backed line of credit. Residential leases are also eligible for a Tongo commission-backed line of credit.
Does Tongo impacts my credit?
When you apply for Tongo, we may perform a soft credit inquiry which has no impact on your credit score. Unlike hard credit inquiries, soft credit inquiries, also known as soft credit pulls or soft credit checks, are reviews of your credit report that do not affect your credit score.
Does my broker need to sign off?
For qualified agents, Tongo does not require broker approval.
How does the Tongo card work?
The Tongo card lets you conveniently make purchases with your approved line of credit limit anywhere Visa is accepted. You’re not required to use it and can always simply transfer funds instantly to a linked bank account.
Is Tongo a loan?
No. Tongo is not a loan or a credit product. A commission-backed line of credit is Tongo purchasing a future commission with the promise of repayment for a reasonable fee. Factoring can help businesses improve their short-term cash needs by selling their receivables in return for an injection of cash from the factoring company.
Interested in offering Tongo to your agents?
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