Finally a commercial lender that understands the insurance industry and the true value of renewal commissions!
Oak Street Funding (OSF) is a national commercial finance company that makes loans against future commissions. Oak Street Funding’s approach to lending allows them to focus on the strength of your business, not solely on personal credit. OSF can normally lend 200% of an agent’s renewal income, while banks will rarely approach 80%. This type of lending is something that can change the way you think about doing business forever.
Agents use OSF capital for:
o Hiring/developing a producer
o Succession/Perpetuation Planning
o Acquisitions
o Advertising and marketing
o Technology upgrades
o Office expansion
o Working capital
o Purchasing leads
o Diversification
o Debt consolidation
In addition to simply lending based on your renewals, OSF can also help you acquire another agency or book of business by lending money to you based on the seller’s renewal commissions. Think about that: no more growing policy by policy. You can grow by purchasing another agency with very little money out of your own pocket to do it.
To help find agencies for sale, check OSF’s specialized website at www.osfagencyexchange.com to see a list of agencies that may be available in your area. And, if you are considering selling your agency, you can list it for free on their website.
Call today and talk with a loan officer that works solely with insurance agents like yourself!
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