INSURANCE AGENCY

We’ll Get You There

“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.”

– Richard Morache

“This was the most organized and smooth process of a loan I have ever experienced. Everything went as I was told. Thank you for such a smooth process.”

– Valerie J. Gavin

INTRODUCTION

Is your goal to maximize your current market?  Are you thinking about expanding through acquisition?  Maybe you are leaning towards cashing in on your hard work and selling?  What milestones will you be proud of next?

Whatever your future holds, with Oak Street Funding, success is just around the corner.

CUSTOMIZED FINANCING

Oak Street Funding is unique in that we allow you to borrow against future commissions from your book of business or the book you plan to purchase. Our experience and industry expertise from completing thousands of insurance financing transactions can help you obtain capital for:

  • Buying books of business
  • Acquiring an agency
  • Hiring top talent
  • Upgrading technology
  • Launching new marketing initiatives
  • Implementing a succession plan

CUSTOMIZED LOANS

  • $25,000 – $20,000,000
  • Terms up to 12 years
  • Commission-based loans
  • Interest-only options
  • Non-SBA

INSURANCE AGENCY PRODUCTS

WORKING CAPITAL
  • With a working capital loan from Oak Street Funding, you can propel your business forward by hiring a producer, upgrading technology or launching new marketing campaigns, among other initiatives. Most growth strategies require an investment. Let’s talk about how you can borrow against the future commissions from your book of business or the book you plan to purchase without tapping into your personal credit.
  • Whatever your working capital needs may be, we’ll get you there.
ACQUIRE / BUY
  • Are you an insurance agency owner wanting to expand your business through an acquisition? Or perhaps you’re a seasoned agency owner getting ready to retire and sell your business as part of a succession plan? Look no further, let’s talk about how you can borrow against the future commissions from your book of business or the book(s) you plan to purchase without tapping into your personal credit.
  • Check out our FREE Insurance Agency Exchange service where you can connect with insurance agency buyers and sellers in your area. We provide the marketplace where buyers and sellers meet! Create a buyer profile OR list your agency for sale. Listing with us could produce multiple interests or offers for your business.
    • Buyers: Create a buyer profile and receive listing alerts when an agency is for sale that meets your specific criteria.
    • Sellers: Get connected with an interested buyer who meets your specific criteria.
    • *Your buyer/seller profiles can be public or confidential. Allow Oak Street Funding to help you connect the dots!
  • Whatever your buying or selling needs may be, we’ll get you there.
BUSINESS DEBT RESTRUCTURE
  • A business debt restructure loan can consolidate existing loans, reduce debt obligations, clean up your balance sheet, and improve liquidity.
  • Business debt restructure loans can be used to:
    • Pay off a bank lien or seller’s note
    • Free up revolving business lines of credit
    • Qualify for additional borrowing
    • Achieve more favorable financing
  • Whatever your debt structure needs, we’ll get you there.
SUCCESSION / SELL
  • As an insurance agency owner, you can ensure your legacy will continue on as you enter retirement with a succession loan. We help existing owners make well deserved financial exits while positioning future owners for long-term success.
  • Succession loans can be used to:
    • Transition the agency to the next generation
    • Buyout an existing partner
    • Avoid tapping into agency assets
  • We use a phased approach for succession loans:
    • As a non-SBA lender, we have the flexibility to work with you to create a customized succession plan. Here is an example, for illustration purposes only*: [succession graphic]
  • How it works:
    • The agency obtains the succession loan
    • Loan proceeds are used by incoming ownership to repurchase the existing owner’s stock
    • Equity is redistributed among succession owners
    • Loans can be structured as a one-time event or a multiple-year transaction
  • Check out our FREE Insurance Agency Exchange service where you can connect with insurance agency buyers and sellers in your area. We provide the marketplace where buyers and sellers meet! Create a buyer profile OR list your agency for sale. Listing with us could produce multiple interests or offers for your business.
  • Whatever your succession plans may be, we’ll get you there.

INSURANCE AGENCY LEADERSHIP

Kirsten Petras

Kirsten Petras

Executive Director of Sales

Phone:
317-428-5156
Contact Kirsten

Scott Stars

Scott Stars

Senior Sales Manager

Phone:
317-428-3841
Contact Scott

Upcoming Industry Events
  • IIA of Illinois
    October, 2018
Learn More

To learn more about financing options for your business, please contact one of our knowledgeable experts. We can answer any questions you may have, and suggest the best route for moving forward.

Contact us below to begin the conversation.

FEATURED BLOGS

Planning Success

You’ve heard it a thousand times….if you fail to plan, you plan to fail. While cliché, it’s proven and still many businesses and even more individuals fail to plan. Planning is not only about defining a destination but planning in business equals results. Results...

Is your agency prepared for digital disruption?

Is your agency prepared for digital disruption? In a rapidly changing world, the basic concept of insurance has remained remarkably stable. Agents are the link between customers and carriers, who create risk pools and price coverage to both indemnify and produce a...

Using debt as a tool for growth

“Neither a borrower nor a lender be,” cautioned Polonius in “Hamlet.” William Shakespeare’s advice has gone on to form an attitude about debt that has survived countless generations. Most insurance professionals are financially conservative by nature, and their...

Succession Leadership Roadmap

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...

Have questions? Talk with our experts for more information.