Not every bank is equipped to finance the purchase of an insurance agency. They typically do not understand how the book of business works and are concerned about collateral. Many banks often gravitate towards SBA financing or personal collateral.
But at SFB, we get it. We see your book of business as a predictable earnings stream. We understand that excellent management leads to business stability and customer retention. We have knowledgeable lenders who understand the nuances of the industry and have experience in financing for the purchase of insurance agencies. We can offer assistance with both insurance agency acquisitions and partner buyouts.
SFB has experience in financing a variety of agency acquisitions, including both large and small acquisitions throughout Wisconsin, Illinois, Iowa, Michigan and Minnesota.
Whether you want to buy out one or multiple partners, we will work with you to determine the best structure of financing. If you are interested in a partial seller financing option, we will consider that as well.
How Does The SFB Loan Process Work?
We like to get to know one another to see if we are mutually a good fit. We then gather financial information, identify the needs and get a business valuation. We do a loan proposal, which then goes through the approval process.
More Than Just Your Banker
We’ll provide support to you throughout the life of your loan – performing annual financial analysis and providing recommendations to continue to improve your business. Consider SFB a trusted advisor.