Frequently Asked Questions

Contact us if you still have questions

How long is the underwriting process?

Underwriting insurance agency loans can take as little as 1 day to as many as 30 days depending upon the complexity of the individual request. Simple, small working capital loans can be underwritten relatively quickly. A multiple location, complex loan request will take longer.

Are interest rates variable or fixed?

We offer both fixed and variable interest rate options.

What are your loan minimums and maximums?

Our minimum loan amount is $20,000 and we have no maximum loan size.

Do you place a lien on personal assets?

We only require collateral associated with your insurance agency.

Do I have to have life insurance?

In most cases, yes. There are some instances where individual circumstances may allow for an exception to this.

What are your interest rates and terms?

We do not have a set rate and term schedule but we do offer many competitive rates and more repayment terms/loan products than any of our competitors.  After an initial discussion of your particular loan need we can specifically tailor a product that best suits your needs. Then we will be able to give you a range of interest rates and terms.  Your final rate and term will depend on the loan size, use of proceeds, and how the transaction as a whole underwrites.  

Do you lend to any business other than insurance agencies?

No, we lend exclusively to retail property and casualty agencies.

Do I need to submit all of the requested items in order for you to approve or deny my loan?

Yes, we do need all of the requested items as each one contains important information that is needed.  If you have any questions as to why a particular item is needed, we would be glad to explain it to you.

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