Getting Started

Oak Street Funding has established processes and technology to make getting a loan as simple and quick as possible. Once all of the proper forms and documentation have been received by Oak Street, loans may be closed in as little as three weeks.

Business loan applications – for banks or other lenders -  traditionally require more documentation than consumer loans, so insurance agency borrowers should expect to receive requests for documents beyond what they may be used to seeing with a home mortgage, personal line of credit or other loan. When you call or inquire about Oak Street Funding's unique financing options, we begin a 6-step process: 

Step 1	A high-level review of the policies and carriers to be used as collateral for the loan will be conducted over-the-phone.
Step 2	Preliminary loan terms and options are presented for your approval.
Step 3	Your Loan Coordinator will guide you in gathering documents needed by our underwriting team.
Step 4	Your Underwriter works quickly through the due diligence process and prepares loan documents.
Step 5	Once the loan documents are signed and approved, we will fund the loan proceeds.
Step 6	We will review your loan’s performance and reconcile commission statements on a monthly basis.