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Need a Loan for your Insurance Agency Business? We can help...
At 1st Commercial Lending, we specialize in structuring Insurance Agency Loans for new and current Insurance Agency Owners. Our Insurance Agency loan specialists understand the unique financing needs of the Independent Insurance Agent. Since 2004, we've helped numerous Insurance Agents acquire, build, expand and refinance their business and real estate debt. When you are ready, we will work with you to understand your specific financing needs and design a personalized plan to help you meet your goals
1st Commercial Lending's financing solutions offers Insurance Agency Owners the full scope of financing to meet their specific needs. Over the years, we have developed a streamlined approval process that offers our clients quick answers and speedy results.
Insurance Agency Lending Options
| Loan Type | Int. Rate | Term |
|---|---|---|
| Acquisition / Refi | 7.50% - 10.50%* | 10-Year Term |
| Real Estate | 7.25% - 10.25%* | 25 Year Term |
| Working Cap / Equip | 10.50%* | 10-Year Term |
*Int. rates subject to change & geographical restrictions
Insurance Agency Loan Programs
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Agency Acquisitions
Acquiring an established Insurance Agency Business can be a great opportunity to advance your professional career. Purchasing an existing agency offers the buyer an existing staff, location and client base and is considered much less risky than a start-up.
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Agency Debt Consolidation
If you are looking to refinance your Insurance Agency Business Debt, now is a great time to take advantage of all time low interest rates and reduce your monthly debt payment. The resulting increased cash flow and working capital may be just what your Agency needs to reach the next level of success.
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Agency Expansion or Relocation
Every successful Insurance Agency owner, at some point in time, will have the need to upgrade or expand their business. Maybe you have outgrown your current location or see an opportunity in relocating the business. Or, you may be looking to grow your Agency by purchasing a Book of Business from another professional. A Book Of Business Acquisition and is a great way to expand your businesses reach and increase cash flow without increasing any fixed expenses.
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Commercial Real Estate
A great advantages of having a successful Insurance Agency Business is that you can tap into your built up GOODWILL and purchase commercial real estate to house your business. Why rent, when you can purchase commercial real estate with 100% financing options. 1st Commercial has the knowledge and experience to guide you through the process.
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Partner Buy-Out
Sometimes, a partner buy-out is the most advantageous scenario for the health of your business. Maybe a partner would like to cash-out their equity or the partnership has run it's course. Many times, we can strucuture 100% financing for this type of scenario.
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Working Capital Needs
Easy access to working capital can be a crucial component to operating a successful Insurance Agency business. We have access to both working capital loans and bussiness line of credit programs that can help your business grow when needed. Our finance team has assisted numerous accountants in accessing the cash it needs to keep growing.
1st Commercial's Insurance Agency Loan options offers each Agency owner the full scope of lending programs needed to meet their needs through their businesses entire lifecycle.
Get started and complete our Business Loan Request and one of our experienced business loan advisors will be in touch within 24 hours.
What Our Clients Have To Say
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“1st Commercial Lending helped me in finding the best terms that I was able to get from any lender, and then saw the process through all the way to closing the deal, capably answering all of my questions and concerns along the way.
Of all of the lenders that I came across in this search, I found David to be the most knowledgeable and resourceful; he had thorough knowledge of his industry.
If you have a need for financing the purchase of an agency I would highly recommend that you put 1st Commercial Lending on the "short list" of lenders that you need to give strong consideration to working with.”
Ron Tinnerman - Tinnerman Ins. Agency
Insurance Agency Closings
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Jun 22 2023
Insurance Agency
$1.6MM Debt Refi
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Apr 12 2023
Insurance Agency
$2.25MM Business & RE Acquisition
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Jan 10 2023
Insurance Agency
$750K Real Estate Acquisition
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Jan 10 2023
Insurance Agency
$250K Working Capital Loan
