We’ll get you there.
Unlike a traditional bank that provides small business loans and commercial loans to all types of businesses, Oak Street Funding makes loans exclusively to insurance agents and brokers. We have provided loans to insurance agents, brokers and MGAs worth hundreds of millions of dollars. As a result, we have a great understanding of the insurance marketplace and insurance agencies and can quickly evaluate and structure agency loans.
Oak Street Funding is a direct lender and handles its loan processing in-house. This means your business loan is never sold to another finance company or bank. We own and manage the loan throughout its lifecycle and you only deal with us. For more information, see answers to our frequently asked questions.
- 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
- 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.
- 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.
Insurance Agency Resources
He’s a great employee with a good head for business. You’ve hired well over the years, but he really stands out. As you watch him deal with your clients and analyze his numbers, you’re confident that, when the time is right, he’ll be ready to take your business’s...read more
One leadership group that is poised to jump to the forefront as the Baby Boomer generation retires is Generation X. Born between 1965 and 1980, this once-ignored and underappreciated generation has slowly emerged to take over the C-suite. With multi-generational teams...read more
One of the most effective ways to expand your agency’s business is to acquire another agency. Whether you purchase a local competitor or an agency in a nearby town, an acquisition instantly increases the size of your book of business and gives you new opportunities...read more
For businesses that consider or choose to take on debt to implement growth initiatives, achieving the right balance between that debt and equity is important. Maximizing a company’s return on equity requires a certain amount of debt. Oak Street appreciates the need...read more
Relying solely on organic methods to achieve growth can sometimes prove challenging for the insurance industry on the whole. However, a Deloitte study1 predicts that activity within the mergers and acquisitions market will continue to stay strong — and even accelerate...read more
Time flies. If we’re not careful, we’ll look up and an entire year will come and go in what seems like weeks. Unfortunately, we often only stop to reflect on progress and how well we’ve attained our goals when life-altering or business-altering events occur. It is...read more
Insurance Agency Events
April 12-15, TX
- BIG Independent California
May 3-6, CA
- PIA Indiana
May 7-9, IN
June 13-16, FL
To learn more about financing options for your business, please contact one of our knowledgable experts. We can answer any questions you may have, and suggest the best route for moving forward.
Email us below to begin the conversation.
Valarie J. Gavin
"This was the most organized and smooth process of a loan I have ever experienced. Everything went as I was told. We did not go back and forth on needing any other docs other than listed in the beginning. Thank you for such a smooth process."
"We can't say enough positive things about the personal touch and individualized service and attention we received. Commercial bankers could learn a thing or two from Oak Street! THANK YOU to all of you for making one of my dreams come true."
"One of the few sources for an insurance agency in securing a loan when acquiring a book of business. Oak Street is a trusted financial partner who understands the insurance business for the independent agency owner."
Who we are...
"I found the entire experience better than I had expected. Everyone was pleasant to work with and it was much less complicated than one would have thought. Not only would I recommend Oak Street Funding to anyone in need a financing but I will also you them for any future finance needs for my agency."
"The thing most notable about working with Oak Street was your knowledge of the industry, like 'pledging future commissions as collateral'. You are in the business, which was invaluable. Compared to our external lenders (or attempts with those lenders) it was night and day. We looked at 8 lenders total throughout the process. Two were VC and 6 were local banks but primarily lending institutions and to be able to talk about carriers and contracts with Oak Street without getting the 'deer in headlights' look…you get it! From my perspective as a small owner…again, it was just invaluable."
"Loan process was thorough and actually helped me get an even better picture of my cash flows and revenues throughout the process."
"Extremely professional and courteous staff. From our first discussion through settlement, the responsiveness and thoroughness was fantastic. Your staff made this a great experience. Plan on recommending your firm to agents looking for funding because of my positive experience."