Allstate Insurance Agency Loans tailored specifically for Allstate agents and owners
McQue Capital provides Allstate Agencies loan products tailored specifically for Captive Allstate Agents who own their book of business. Our Allstate TPP Loans, Allstate Acquisition Loans and Allstate Working Capital loans provide Allstate Agencies the opportunity to expand their business, invest in technology, acquire another book of business, pay off business-related debt, and hire top-producers without risking your Allstate book of business or your personal assets.
We provide fast, affordable Allstate TPP Loans and Allstate Acquisition Loans and Allstate Working Capital loans tailored specifically for Allstate Agents.
Loans for Allstate Insurance Agencies
Unlike a bank or other insurance agency financing company, our Allstate agency loans have no requirement to pledge your primary residence or personal assets as collateral for the loan. This keeps you protected while allowing you to gain access to additional cash to grow your Allstate agency. Your personal financial situation (e.g., credit score, personal assets, bankruptcy) is not the sole factor used to determine your credit worthiness.
We understand that Allstate agency owners most valuable asset is their book of business and we can approve your Allstate agency loans regardless of your credit score or personal financial situation.
C.S. LewisRefinancing my Allstate Agency loan with McQue Capital was the best thing I could have one for my business. Better rate, better term and improved cash flow. I recommend you guys to every agent I work with and not just because of the referral bonus 🙂
Expand Your Allstate Agency
If you’re ready to grow your Allstate agency and need funding, you don’t have to risk losing control of your agency, your client relationships or your personal credit. You can borrow against the future commission stream from your Allstate book of business.
Purchase a Book of Business
Are you an Allstate agent looking to take your business to the next level through an acquisition? McQue Capital, LLC can help you acquire an Allstate agency with minimal out-of-pocket cost by leveraging the power of its current commission stream.
Refinance Agency Debt
Ready to reduce your payments, lower your interest rates or consolidate existing Allstate loans? When you are, McQue Capital, LLC can help you improve your cash flow with a custom financing option tailored specifically for Allstate agencies.
How The Allstate Agency Loan Process Works:
Closing on your Allstate agency loan involves providing McQue Capital with the necessary closing documents e.g. Allstate purchase agreement, Allstate commission reports, etc. A week prior to loan closing, you'll receive several loan documents via USPS or email that must be signed in front of a Notary public and returned to us before we can transfer the funds to your account. After closing, we'll continue to review your loan's performance and reconcile Allstate commission statements on a regular basis which may require reporting from you on a monthly or quarterly basis depending on the size of the loan for your Allstate agency.
Allstate Agency Loan Application
The entire loan process typically takes one month from start to finish so it’s imperative that you start as early as possible to ensure that we’re able to complete the process by your target closing date. Along with your completed Allstate loan application and personal financial statement, we’ll require various other Allstate & business financial documents e.g. tax returns, Allstate TPP reports and Allstate commission statement reports. These documents ensure that we’re providing you the best possible loan tailored specifically for your Allstate agency. Once we have all of the proper paper work and documentation our Allstate agency loan can close in a matter of days.
Allstate Loan Underwriting & Acceptance
Underwriting an Allstate agency loan involves submitting the Allstate loan application and necessary financial information needed to secure loan approval. During the underwriting stage McQue Capital will analyze the cash flow of your transaction and discuss your transition plans with you to structure an Allstate loan that best meets your needs. The underwriting stage is complete once your Allstate loan request has been approved, at which time you move into the loan acceptance stage. During this stage you will receive a commitment letter displaying the terms of your financing offer and will be asked to sign this letter to indicate your desire to move into the final stage of the Allstate loan process.
Closing & Transfer of Funds
Once you've reviewed and accepted the terms of your Allstate loan, we will work with you to set a closing date. On the Allstate loan closing date, we will transfer the funds directly to your Allstate agency's primary operating bank account. This is typically completed by noon and once you've received the funds your welcome to use the cash for any legitimate business purpose.
Frequently Asked Questions
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