Live Oak Bank is a leading small business lender offering financing solutions to select industries nationwide. The Insurance industry division focuses on agents, MGAs, wholesalers and program administrators.
About Live Oak Bank
- Insurance Expertise: Our lending team has extensive experience working in the insurance industry. We understand your business.
- Cash Flow Lenders: The asset of an insurance agency is the book of business.
- Use of Loan Proceeds: Acquisition, Refinance, Working Capital, Real Estate.
- Competitive Rates and Terms: Typical agency acquisition without real estate has a 10 year term, rate between 5% - 6%, and no prepayment penalty. Longer terms are available for real estate loans.
- Preferred Lender with the SBA: Experience an efficient process that provides fast closings. Most loans close within 60 days.
Insurance Specific Services
- Financing for acquisitions, refinance, working capital, real estate and other needs.