ExecutiveInsights
ExecutiveInsights
Funding for Agents Looking to Grow
Despite commercial lending reports, there are resources for agents
Are you an agent looking for signs and wonders to reveal whether now is a good time
to start planning for growth? There
may not be any confirming miraculous events, but there certainly
are factors that point to great
opportunities.
It’s no secret that a large
percentage of agents are getting
closer to retirement. With the
average age of an agent around 55
years old, agents are making plans
to exit the business. Carriers are
forcing consolidation in efforts to
improve premium commitments.
And, finally, the recession pains
have slowed.
Many agencies have been able
to weather the process and are
ready for their next steps. They’ve
done their homework and know
what it’s going to take to go from
stagnation to strategic growth. For
some, it’s acquiring another agency
or hiring a producer. For others, it
means investing in new technology
to build the business or taking the
final step to sell their agency.
Rick Dennen, President and
CEO of Oak Street Funding
TAKINGYOU
WHERE BANKS
WON’T.
loan from Oak Street Funding, that
loan is never sold. We maintain
our loans and handle all servicing
throughout the loan’s life cycle.
With long employee tenure, agents
deal with people who know their
name and the details of their
account. At a time when big bank
customers can often feel like a
number, our service is a real value
to agents.
As you look to 2012 and beyond
to grow your agency, don’t despair
in the face of banking industry
news. Know that there are resources to help you take your agency to
new heights.
If you need funds and resources
to invest in growth or to help align
your agency sale with the right
buyer, Oak Street Funding can
help. We understand the value of
your greatest asset – anticipated
commissions – and can customize
a loan between $10,000 and $10
million.
1 FDIC-Insured Institutions Earned $28.8 Billion in The
Second Quarter of 2011; Retrieved on 11/10/2011 from
http://www.fdic.gov/news/news/press/2011/pr11141.html.
oakstreetfunding.com
1-866-OAK-FUND
