Articles and resources from AgileCap
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.
Specialty lenders who work exclusively with insurance agencies know that your book of business, though intangible, has significant value.
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.
Use this checklist to make sure you haven't missed anything in your due diligence process.
If you’ve applied for an SBA loan and were denied, you have other options for insurance agency loans.
Use this checklist to get organized as you prepare to seek insurance agency acquisition financing.
Five recommendations on how to find an insurance agency for sale by AgileCap experts in Loans for Insurance Agencies
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.
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In today's economic climate, uncertainty around interest rates is a common concern for many business owners. However, this uncertainty can also present unique opportunities, especially for an insurance agency acquisition. The moderate interest rate environment we are currently in and expect to be for the foreseeable future has caused agency pricing to come down. This unique situation of steady industry growth, moderate interest rates, and reasonable agency pricing will create opportunities for the next 12 months.
You have built a business that has significant value — recognized by lenders who understand the industry.
As we look ahead to the next 12 months, understanding the trajectory of interest rates is crucial for insurance agencies intending to leverage debt to achieve growth goals.
