INSURANCE AGENT LOANS

Insurance agent loansIf you a shopping for an insurance agent loan for your business, have excellent credit, business financial documents, and able to present collateral. SBA loans through banks have lower interest rates.  What traditional lenders don’t tell you, is the application typically takes more than 40 hours to complete.  Waiting almost a month to find out if you are approved. It can be up to three months before you receive and funding. United States Treasury department reports, rejection rates have been roughly above 80% over the past several years with on SBA loans. We have less requirements, faster approvals, and not risking of your personal assets. Click to learn more about Alternative Financing Advantages.

 

Click below to see different industries, business strategies, and how to get started.

Insurance Agency Loans

Insurance agent loans

Insurance agent loans based on revenue is a very popular alternative to traditional bank lending. Our application process is different from other traditional banks or SBA lenders. We focus on the cash flow that can be reviewed with a few months of business bank statements. We do not require any plan or purpose for the funds to be deposit directly into your account. It is completely up to the owner how they wish to utilize the money. Rates and terms are based on the industry type and the performance of the business. There is very little paperwork involved, this is the main reason why the funding process is so quick. There is not a single bank in the country that can approach the efficiency and speed of what an alternative lender can do for you.

Cash Flow

Revenue based financing is sometimes the only alternative for businesses to solve cash flow problems. Showing business statements with balances at the end of month, and positive transactions.  Can result quick offers, and more favorable terms. Contrary to showing negative balances and overdrafts.  Approvals can be as soon as 24 hours, with funding within three days.  Rate and term is dependent in the industry type, and the performance of the business. The lending amount is dependent on the monthly deposits. Shorter loans can have lower fees, with higher payments.  Longer terms call result in higher fees, with lower payments.

Insurance agent loans

Insurance Marketing

Insurance agent loans

Acquiring new clients critical to business growth. Developing a customer acquisition marketing strategy can be tough in any business sector, especially for the insurance industry. According to the American Marketing Association, reports Insurance companies are spending more than 15% of revenue on marketing, before any increasing working capital is seen.  Additionally costs for advertisement, direct mail, business and sales development salaries, can eat up a tight marketing budget. Insurance agent loans can provide funds for marketing to attract new customers.

Insurance Industry

The NAIC Financial Regulatory Services Department reports the insurance industry has seen positive growth in the past few years. Insurance Agency Capital Business Loans can enable you to quickly acquire another agency or purchasing its book of business, marketing for new customers, new equipment, or hiring new staff to manage the increased amount of business. If you’re insurance agency is captive or independent, your livelihood relies heavily working capital. Insurance agent business loans can enable you to quickly acquire another agency or purchasing its book of business, purchasing new equipment, or hiring additional staff to manage the increased amount of business.

Insurance agent loans

Click below to see different industries, business strategies, and how to get started.