Can I get funding to buy another agency's book of business?
Yes. Book-of-business acquisition is one of the most common uses of insurance agency capital. We can structure a term loan based on the acquired book's trailing 12-month commission income. The renewal revenue of the acquired book often services the acquisition loan with capacity to spare.
How does my agency qualify if commission deposits are inconsistent?
We evaluate your 3–6 month average monthly deposits rather than your worst or best month. Agencies with lumpy commercial accounts or renewal cycles typically have strong averages that qualify for meaningful funding amounts even when individual months vary.
Can a captive agent (State Farm, Allstate, etc.) get funded?
Yes, though the structure may differ. Captive agents with established books and consistent carrier commissions qualify for working capital programs. Some captive structures may limit use of agency assets as collateral, but our unsecured programs do not require that.
Can I use agency funding to finance an E&O policy premium?
Yes. Annual Errors & Omissions premium payments are a significant cash flow event for insurance agencies. Working capital funding to cover E&O premium is a fully legitimate and common use of agency capital.
What credit score do I need as an insurance agency owner?
Programs start at 500 FICO with strong average revenue. Scores of 620+ access the most competitive rates. Strong commission volume and tenure in the insurance industry can offset lower personal credit scores.
How fast can my insurance agency get funded?
Qualified agencies receive same-day to 48-hour ACH deposits for working capital. Term loans for acquisitions require 3–7 business days for underwriting and structuring.
Can a new agency (under 12 months) get funded?
Agencies under 12 months face limited options. At 12+ months with $25,000+ monthly commissions, most programs are accessible. New agencies should focus on building a strong initial book and banking relationship before seeking significant capital.
Can I finance an agency acquisition without personal collateral?
Yes. Our term loan programs for agency acquisitions are based on the cash flow of the business, not personal asset pledges. A personal guarantee is standard, but we do not require home equity, vehicles, or other personal assets as collateral.
What happens if my carrier changes my commission rate?
Carrier commission adjustments are an industry reality. If your commission income is projected to decline, we factor that into underwriting. We look at your contracted rates, book retention history, and revenue trends to assess sustainable repayment capacity.
Can I use funding to hire licensed producers and build a team?
Yes. Producer recruiting, licensing exam fees, training costs, and the salary draw while a new producer builds their book are all fully eligible uses of working capital. This is often the highest-ROI use of agency capital for growth-focused owners.