Are you a Captive Allstate Insurance Agent? Probably, you’re looking for some reliable sources of fresh capital to grow your business. Well, in this situation, it is first important to understand what potential sources an Allstate Insurance Agent may utilize to get a loan for their business. The article below will help you learn about some of the best funding …
How to Get Business Loans for Allstate Insurance Agents
What are Allstate Insurance Agency Loans? An Allstate insurance agency loan is a business loan that may be used to grow or purchase an existing Allstate Insurance Agency book of business. Not unique to Allstate Insurance Agencies, working capital is often required because of when premiums are renewed and the frequency of commission payments. Between regularly scheduled commission payments, the …
Loans for Allstate Insurance Agents – A Few Things to Consider
Like many small business owners, Allstate Insurance Agents are regularly searching for working capital loans to help grow their insurance agencies. Banks are often hesitant to provide loans to Captive Allstate Agents without requiring some kind of physical asset (e.g. primary residence) to be used as collateral for the business loan. Why is this? From a lender’s prospective there’s certainly …