Point of Contact: Kristin Parker, Principal Loan Strategist
Available Services: Working Capital and Acquisition Funding for Independent Insurance Owners
Ongoing growth is the key to agency success and opportunities for growth are out there. ADVOCAP can provide your agency with the working capital it takes to implement a new CRM, hire new staff, advance producer leads or prepare for succession, opportunities for growth are out there waiting.
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 for cross-selling to customers.
Traditional banks require tangible assets, personal assets, have excessive terms, offer low loan amounts and often decline agencies making growth seem out of reach. ADVOCAP sees things differently. Your book of business is all the collateral you’ll need to put growth within reach. No need for tangible assets. No risking your personal assets. We project your commissions out 9-12 months and use that projection as your collateral. With a simple, friendly call, quick funding delivery and flexible, innovative plans to meet your needs AdvoCap will be the catalyst for your agency’s growth.
ADVOCAP require no personal guarantee, there is no prepayment penalty, no service fee and we can close in as little as five days. These advantages are complemented by personalized service and agency-tailored support which are the hallmarks of our business practice.