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Going through a thorough due diligence process - examining detailed information from the seller regarding agency operations and finances - will ensure that you understand whether an agency would be a good fit for your growth strategy.
Five recommendations on how to find an insurance agency for sale.
Growth is critical to the success of any insurance agency. You might be one of the increasing number of agency …
There are at least two ways to grow your business (either or both may require some amount of insurance agency financing). You can expand organically over time, adding to your bottom line client-by-client. Or you can grow rapidly through acquisition.
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Myths about insurance agency lending can stop agency owners from contacting a lender or looking for funds when their agency could really use a capital infusion in order to grow.
There are many benefits to SBA loans, and lots of insurance agencies are finding that this is a particularly good time to apply for them. Unfortunately there are some downsides to an SBA loan that borrowers can encounter. One downside we’re hearing about lately is the length of time that SBA loans can take to be funded.
When you're looking for a loan for your insurance agency, it's useful to understand loan terms, how they’re set, and what impact they have on your loan.