How to Find an Agency or Book for Sale
Growth is critical to the success of any insurance agency.
So you want to acquire an insurance book or agency. Or buy out your business partner. Or grow your marketing or sales team. If you’re like most insurance agency owners, you don’t have ready access to the sort of funds you’ll need to execute on growth plans. That means you may need an insurance agency business loan.
Finding the right lender for your agency and your situation is important. It’s also critical to start the process of looking for a lender as early as possible. It's smart to start a conversation with a lender about borrowing funds before you actually need funding.
In the lending arena, you can reach out to banks, SBA lenders, and specialty lenders for an insurance agency loan. Different lenders will be a good fit for your agency at different times in its lifespan, as your agency evolves. As you review a lenders’ products and capabilities, asking the right questions will help you understand if that lender is a good fit for you.
You have to be comfortable with your lender because they become your partner for the duration of your loan. Your lender should support your vision for your agency’s growth and success.
Ask the following questions to help determine if a particular lender is right for you and your agency:
Ask About the Application and Loan Process
Ask About Your Personal and Agency Financials
Ask About What Happens After Your Loan is Funded
Last, but certainly not least, ask...
Of course we can help fund your agency growth plans, and we'd welcome the chance to answer these questions for you. Simply fill out the form below for a free 30 minute Financial Strategy Consult with one of our Lending Advisors, so we can get to know you, your agency, and your business goals.
Or fill out this form and we’ll be in touch with you within 24 hours. No risk, no obligation.
Call (855) 514-1189
Growth is critical to the success of any insurance agency.
When you need an insurance agency business loan, finding the right lender is important. Ask these questions to help determine if a particular lender is right for your agency, its financial situation, and your business goals.
CASE STUDY For 60 years, our client – a small town agency – had offered a mix of home, auto …