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Types of Loans

Standard Loan

  • Consolidate outstanding revolving business debt into one monthly payment and begin reducing the balance immediately.
  • Receive fully approved financing amount at closing.
  • Begin amortizing the principal balance immediately

Interest-Only Loan

  • Take advantage of low monthly payments for the first year to help increase cash flow when it's most helpful.
  • Receive fully approved financing amount at closing.
  • Begin amortizing the principal balance after one year of interest-only payments.

 Succession Loan

  • A Succession & Recapitalization Loan from Oak Street Funding can offer new possibilities for sellers, buyers and employees. Learn more >

Lines of Credit

  • Have approved financing secured in order to complete potential future transactions quickly and efficiently.
  • Obtain an initial advance in any amount between 50% and 100% of approved financing. Additional advances can be requested at any time during the interest-only period.
  • Begin amortizing the principal balance after interest-only period expires.
  • Take advantage of principal balance reduction, down to 50% of the approved financing, penalty-free during the interest-only period.

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How Oak Street® Loans for Insurance Agents Work

Oak Street® loans are designed so that your insurance agency's future renewal commissions support the repayment of the loan, with little out-of-pocket cash. 

If you’re considering buying or selling an insurance agency book of business as part of a perpetuation plan, consider our financing options. In most cases the agency seller’s commission stream can be used as collateral for a loan. We lend against all types of insurance policies, including:

  • Long-term care
  • Individual disability
  • Whole life
  • Term Life
  • Individual major medical
  • Homeowners
  • Automobile
  • Commercial lines
  • Long-haul trucking
  • Small/medium group major medical
  • Critical illness

Selling An Agency

Selling An Agency WhitepaperStrive to get the right price from the right buyer. Find tips to help you sell an insurance agency or book of business.
Download whitepaper >