How to Apply for an Agency or Advisory Firm Loan
Capital Resources provides a streamlined application process for insurance agency and financial advisory firm financing. With industry-specific expertise and approval timelines that move at the speed of actual transactions, we structure loans that align with how your business operates and generates revenue.
Whether you’re acquiring an agency, funding succession planning, or accessing working capital for growth, the application process begins with understanding your objectives and ends with funding that supports your specific needs.
When considering a lender for your next Allstate, independent agency, or financial advisory loan, it can be helpful to understand what the process is and how it all works. With Capital Resources it begins with a conversation.
One of our insurance agency and financial advisory practice loan specialists listen to your needs and objectives and discusses the different options we may be able to provide for the benefit of your insurance agency or financial advisory practice. Once we have a good understanding of your needs and objectives, we will ask you to complete a credit application and personal financial statement.
Application Process Overview
Capital Resources has streamlined the lending process into five clear steps:
- Initial Consultation – Connect with a Capital Resources lending specialist to discuss your financing objectives. We listen first, then explain which loan structures might serve your goals.
- Application Submission – Complete the credit application and personal financial statement specific to your agency type. Gather the required documents listed below for your situation.
- Underwriting Review – Our underwriting team reviews your application and supporting documents. Because we specialize in insurance agencies and advisory practices, we understand your revenue model without requiring extensive education. Underwriting can be completed in as little as one business day when all documents are provided.
- Loan Approval – Once approved, you receive a formal commitment letter outlining loan terms, interest rate, and structure. We discuss the terms to ensure they align with your expectations before moving to closing.
- Closing and Funding – Final documents are sent electronically via DocuSign for execution. On the scheduled closing date, funds are generally disbursed via electronic transfer based on the schedule we established during underwriting and also in accordance with your loan agreement.
For a detailed explanation of each step, visit our How It Works page.
Choose Your Application Type
Select the application that matches your business type. Each section below provides the specific documents required for your situation.
Allstate Agency Owners
Capital Resources has specialized in Allstate agency financing since 2005. Our underwriting team understands TPP value, Variable Comp structures, and Allstate-specific succession planning.
Download Forms: Allstate Credit Application | Personal Financial Statement
See Required Documents for Allstate Agents below for complete document checklist.
Independent Agency Owners
Independent agencies build value through multi-carrier relationships and book diversification. Capital Resources evaluates carrier mix, retention rates, and organic growth patterns when structuring loans.
Download Forms: Independent Agency Credit Application | Personal Financial Statement
See Required Documents for Independent Agents below for complete document checklist.
Financial Advisory Firm Owners
Financial advisory practices generate value through assets under management and recurring revenue relationships. Capital Resources structures financing around fee-based revenue models and client retention dynamics.
Download Forms: Financial Advisor Credit Application | Personal Financial Statement
See Required Documents for Financial Advisors below for complete document checklist.
Once you’ve filled out the credit application and personal financial statement, it’s time to compile the attachments needed as we complete the underwriting on your insurance agency loan request. For a detailed list of necessary attachments for an Allstate agency loan Click Here and for a detailed list of items needed for an Independent agency loan Click Here.
As soon as we receive your application with all the necessary attachments, your loan will be underwritten in as little as one business day. If any questions arise during the underwriting process, you will be contacted by telephone and/or email. Prior to formal approval, we typically submit an estimate of what we believe we’ll be able to offer you in a final loan product. The interest rate, any fees and overall loan term will be disclosed at this time.
Upon your approval of these terms we will submit for formal loan approval. Once approved, we will notify you by telephone and/or in writing, and the approval will be memorialized with a formal commitment letter. After you sign the commitment letter, we’ll send final loan closing documents to you electronically via DocuSign, where you can simply tap as prompted on your mobile device or click where prompted on your computer and fully execute your loan documents in minutes. Finally, on your loan’s closing date, your loan proceeds will be disbursed via electronic funds transfer before the close of business on the loan’s closing date. Congratulations, you’re done!
Attachments needed for an Allstate agency credit application:
From the Loan Applicant:
- Fully completed and signed Credit Application (Capital Resources form required)
- Fully completed and signed Personal Financial Statement (Capital Resources form required)
- Current resume or bio for applicant(s) including work history with cities and dates, insurance licenses held, and industry honors
- Last 3 years of personal tax returns with all supporting schedules (federal only)
If Applicant Currently Owns an Allstate Agency:
- Last 3 years of agency tax returns with all supporting schedules (federal only)
- If most recent December year-end tax return is not yet filed, provide year-to-date Profit & Loss statement
- Current year-to-date Profit & Loss statement
Required Allstate Reports:
- Current Termination Payment Statement (TPP)
- Year-to-date Business Metrics Report
- Last 3 years of December year-ending Business Metrics Reports
- Year-to-date Commission Payment Notification (CPN)
- Last 3 years of December year-ending Commission Payment Notifications (CPN)
From the Agency Seller (For Acquisition Loans Only):
- Last 3 years of agency tax returns with all supporting schedules (federal only)
- Current year-to-date Profit & Loss statement
- All Allstate reports listed above (TPP, Business Metrics, CPN)
Attachments needed for an independent agency credit application:
From the Loan Applicant:
- Completed Credit Application with signature of party authorizing loan request
- Fully completed and signed Personal Financial Statement
- Most recent 3 years federal income tax returns of borrowing entity
- Most recent 3 years financial statements (balance sheet and profit & loss) for borrowing entity
- Current year-to-date balance sheet and profit & loss statement
- Articles of Organization/Incorporation and Operating Agreement/Bylaws for borrowing entity
- Most recent 12 months commission reports by carrier for agency in question
For Each Individual with 5% or More Ownership:
- Personal Financial Statement (individual or joint)
- Most recent 3 years personal federal income tax returns
- Current resume with dates and cities of employment (highlight insurance industry experience)
Required Documents for Financial Advisors:
From the Loan Applicant:
- Completed Credit Application with signature of party authorizing loan request
- Fully completed and signed Personal Financial Statement
- Current FINRA Broker Check report
- Two forms of ID from applicant(s)
- Last 3 years of personal and corporate tax returns (federal only)
- Most recent 3 years financial statements (balance sheet and profit & loss)
- Current year-to-date balance sheet and profit & loss statement
- Articles of Organization/Incorporation for firm(s) currently owned
- Operating Agreement/Bylaws for firm(s) currently owned
- Agreements with Broker/Dealer(s) for firm(s) currently owned
- Top ten (10) client list by AUM for firm(s) currently owned
- AUM summary
For Each Individual with 20% or More Ownership:
- Personal Financial Statement (individual or joint)
- Most recent 3 years personal federal income tax returns
From the Loan Applicant
- This completed Credit Application and signature of party authorizing loan request.
- Fully completed and signed Personal Financial Statement
- A current FINRA Broker Check report
- Two forms of ID from applicant(s)
- Last 3 Years of Personal and Corporate tax returns of applicant(s) Federal Only
- Provide the most recent 3 years financial statements (balance sheet and profit and loss) and most recent year to date balance sheet and profit and loss statements for selling/and or borrowing entity.
- Articles of Organization/Incorporation for firm(s) currently owned.
- Operating Agreement/By-Laws for firm(s) currently owned.
- Agreements with Broker/Dealer(s) for firm(s) currently owned.
- Top ten(10) Client List by AUM for firm(s) currently owned.
- AUM Summary
- For everyone with 5% or more ownership in borrowing entity, complete a personal financial statement and joint or individual personal status for EACH (refers to all individuals with 5% or more ownership in entity) forms A and B.
Submit Your Application
Once you have gathered the required documents, submit your completed application to Capital Resources. Our underwriting team will review your materials and contact you with any questions during the evaluation process.
If you have questions about the application process or need assistance determining which documents apply to your situation, connect with a Capital Resources lending specialist.
Contact Us | Helpful Tips for Your Application | Payment Calculator
Capital Resources has provided specialized financing to insurance agencies and financial advisory practices since 2005. We structure loans that align with how your business operates, generates revenue, and builds long-term value.
10A