Capital is the agent’s key building block to success. Without it, insurance professionals are unable to leverage technology and personnel to build an agency that can grow organically or through acquisition.

Oak Street Funding (OSF) can help you get the capital you need to meet your financial goals by leveraging the value of your future commissions.

Many of OSF’s customers are surprised by the financial freedom they can receive by taking a loan from OSF. Accountants typically encourage insurance agents to keep their personal finances separate from their business. But as an agent who is working to grow their agency, this is often difficult to do. Many times they are using their home or personal credit cards to finance their business. OSF can consolidate that debt and take personal assets and debt out of the equation while in this process potentially raising their credit score.

Another exciting use of funds for insurance agents is agency acquisitions. Many agents have seen other agents come and go from the market and have had opportunities placed before them to buy that agent's book of business. However, agents don’t always have the capital necessary to make that purchase. That’s where Oak Street Funding can help. Now an agent can use the seller’s book of business as collateral for the loan thus limiting the amount of out of pocket cost to the buyer. Imagine being able to purchase one or multiple books of business and not affect your current cash flow situation.

Another opportunity for agents looking to expand their business is with their physical structure or building. Have you ever dreamed of owning the building you are currently renting or simply expanding your current office? Now, insurance agents have another avenue to get the money needed to make those purchases or expansions without using personal assets to do so. And, because OSF’s loans are commercial loans, you can leverage the tax benefits of deductible interest.

Other uses OSF can provide money for:

Acquire an agency Succession planning Working capital Hire top producer Pay off business debt

Field a marketing campaign Buy another book of business Purchase Leads Invest in technology

OSF offers competitive advantages to help meet your financial goals:

• OSF has in-house expertise and understands the complexities of insurance commissions. We can quickly and accurately predict your future commission stream.
• Agent, agencies, brokers, insurance carriers and OSF are perfectly aligned to ensure policies continue to renew.
• OSF is quicker to respond than banks.
• We operate in a centralized environment for maximum efficiency.

General Requirements for a Loan:

• Individual policy detail
• Carrier Rating by A.M. Best minimum of C+
• Cash collateral account funded by Oak Street Funding out of loan proceeds
• Personal Guarantee of Borrower
• Perfected Security Interest of collateralized policies
• Loan amounts range from $25,000 to $10,000,000

Please contact Oak Street Funding for more information.