Insurance agents can obtain low-interest, long-term financing using renewable commissions as collateral. This program is the best program available for insurance agents regarding approval requirements and approval terms.
You can be approved for a 3-10 year loan or credit line for your insurance business, even if you have average credit. And all you truly need to qualify is a book-of-business of renewable commissions. You can even use the book-of-business for the insurance agency you are buying as collateral to get approved.
With Book-of-business Financing your business doesn’t need to be perfect, nor do you need to supply the extensive documentation that lenders typically demand. You can get approved with just a quick review of your credit and renewable commission breakdown.