Book of Business for Insurance Companies Financing Guidelin

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.

Easy to Get Approved!

Insurance agents rave about how easy this program is to qualify for. The lenders are mainly looking to insure you have a viable book of renewable commissions for your insurance agency. If you do, you can be approved even with a 520 personal credit score.

You can secure as much as 120% of the surrender value of your renewable commissions. And most agencies can qualify, excluding State Farm. All you need for approval is a complete application and breakdown of your renewables. 

You can get rates as low as 4% over the Prime rate and you can get loan terms as long as 10 years helping keep your payments low.  

Get Approved when Banks Say “No”!

Book-of-business financing is the absolute best long-term solution for insurance agents who can’t secure SBA, conventional type loan financing. 

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. 

Unlike conventional financing you don’t need good credit, you can be approved even with severely challenged personal credit and scores as low as 520. Lenders are actually more interested in you supplying 3 solid references than they are with you having good credit.   

Powerful Benefits!

• Use book-of-business of renewable commissions to qualify
• No application fees
• Get approved with bad credit
• No other collateral requirements
• 72- hour pre-approval
• Rates of 4-9% plus prime based on risk
• Get approved when banks say “no”
• Credit lines and loans available
• Secure as much as 120% of commission surrender value
• Can be used to purchase an agency