FAQs

AgileCap is a specialty lender, focused exclusively on the insurance agency industry. We provide loans to buy an insurance agency, fund acquisitions, and offer insurance agency business loans for growth initiatives. Our financing solutions are fast, flexible, and customized so agencies can seize opportunities without delay.

Unlike traditional banks, AgileCap understands the primary asset of any insurance agency is its book of business. AgileCap is able to collateralize this asset in a way that traditional lending institutions are unable or unwilling to do. Our flexibility and understanding of the insurance industry sets us apart from other lenders.

Borrowing power for an insurance agency acquisition depends mainly on collateral, cash flow, and creditworthiness, what AgileCap calls the "Three Cs of Credit." A common structure is around 20% from the buyer, 20% from the seller, and 60% from a lending partner. AgileCap can walk through specific numbers based on the target agency's financials.

AgileCap makes loans from $100,000 up to $10 million. The size of any individual loan depends on the agency and what the financing is for, so the fastest way to get your number is to talk to AgileCap directly.

Most AgileCap loans are variable-rate loans tied to the Wall Street Journal Prime Rate, and rates generally run 2.5% to 5.5% above Prime. Where a loan lands in that range comes down to the Three Cs: collateral, character, and cash flow. Two agencies borrowing the same amount can end up with different rates for that reason.

AgileCap lends exclusively to insurance agencies and related insurance entities. Most of its loans finance agency acquisitions, and it also lends for debt refinancing, growth and working capital, and bridge loans. If your situation falls outside those categories it is still worth asking, since that list is not exhaustive.

There is a one-time set-up fee typical of most commercial loans. This fee is based on many factors, including the amount you are borrowing and your credit score. We do not charge annual fees. We do not charge pre-payment penalties. Typical of all lenders, late payment fees do apply.

Two sets, depending on where you are in the process. For a preliminary term sheet, AgileCap only needs your legal entity/business name, the loan amount, existing business debt, annual commissions, and the owner's credit score — and the term sheet comes back within 24 hours of receiving those. 

For underwriting and funding, you'll also provide driver's license and SSN for all owners of record, business EIN, bylaws or operating agreement, proof of E&O insurance, two years of full tax returns, two years of business balance sheets and P&L, three months of business bank statements, a business debtor list with payoff statements, book history details with carrier reports and contracts, and your funding instructions and details. 

After an initial conversation with you, we’ll ask you to fill out a loan request. Within 24 hours of receiving your loan request, we’ll send you a preliminary term sheet for your approval.

Once you approve your preliminary term sheet, we provide you a list of documentation required for underwriting your loan. Once all of those documents are received, we can deliver your funding within as little as 5 business days.

Acquisition financing funds the purchase of another agency or book of business, while working capital financing supports day-to-day growth needs like staffing, marketing, or technology upgrades. AgileCap offers both, structured differently based on what the funds are for. Agencies can also combine both types across multiple loans.

Yes. AgileCap frequently consolidates higher-rate business debt for its clients. AgileCap requires first lien position, so any existing business debt needs to be factored into the loan structure. This is worth discussing early if the agency already carries other financing.

Yes, AgileCap requires clients to be structured as an LLC or corporation before loan funding. Sole proprietors and general partnerships do not currently qualify. Agencies considering a loan should confirm their entity structure early in the process.

AgileCap is a direct lender and has a full internal underwriting staff. We do not farm our clients out to other institutions. However, if we determine your needs are better suited for one of our partner organizations, we will make the proper introductions. Our client’s best interest is always placed as priority number one.

We take your security very seriously and follow the required information security practices to maintain the integrity of your information. We can never see or store bank/data source login information, and we have no access to save or change your bank account data.

We often work with our clients on multiple growth initiatives. Whether it’s your second loan to buy an insurance agency or additional insurance agency business loans for expansion, we’re set up to be your ongoing lending partner. We will develop a creative lending strategy to fit your specific needs.

Yes. And, we work with clients on an individual basis, so if there is a justifiable reason for a qualification issue, we are able to adjust when it financially makes sense.

We’ve found that the best way to understand an agency’s financial situation, growth plans, and goals is to have an in-person conversation.

We know that online applications are convenient, and we’ve tried using one, but we’ve found that a quick 30 minute conversation is actually more beneficial to our prospective clients and our information gathering process. And the conversations are truly no pressure.

You can start a conversation about your funding needs and agency plans by giving us a call, sending an email, scheduling a time to talk, or filling in the form below.