We’ll Help You Navigate the Insurance Loan Process

At Live Oak Bank, we specialize in the insurance industry.Our dedication to the industry is evidenced by our instrumental role in the formation of the Insurance Network Alliance. Combined, our team has over 60 years of experience in agency operations, insurance agency financing and acquisitions. You can rely on our insurance industry knowledge and lending expertise to help you meet challenges, avoid pitfalls and capitalize on opportunities in the market.

We make it easy for you to grow your insurance agency by providing affordable, flexible loans. Whether you’re looking to acquire or perpetuate an existing insurance agency, refinance an existing loan or hire a new producer, we will design a loan package that meets your needs. We provide you with support and guidance throughout the life of your insurance loan. We’re a committed partner, no matter what your destination may be.

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Loan Solutions

  • Acquisition

    Buying or selling an insurance agency isn’t your everyday job – but it is ours. We are experienced, knowledgeable and well-connected. We’ll guide you through the transaction, so you avoid unnecessary...

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  • Refinance

    By paying less interest or refinancing into a longer term on your insurance agency loan, you’ll have more money available to support your business, your employees and your family.

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Live Oak made it possible for our family to regain full control and buy back the agency that is more than a business to us. We are proud to serve more than 375 first responder organizations in three states and we’re grateful that Live Oak gave us the opportunity to continue supporting our clients.”

- Wes Fritz, Owner of General Insurance Agency, Inc.

Webinar: Tax Considerations of Buying and Selling an Insurance Agency

In just 12 minutes, Jon Persky covers capital gains rates, stock deals versus asset purchases, salary continuation versus guaranteed deferred payments, and allocation of purchase price.

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Webinar Series: A Clear Path to the Future

Roger Sitkins shares his 4-part process to help agencies create a clear path to a bigger, brighter and better future.

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Why Live Oak

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Service

We offer service unlike other banks. Once your insurance loan closes, you are assigned a relationship manager from our business advisory group. He or she is dedicated to working with our insurance loan customers and will answer your loan questions, perform a quarterly financial analysis and make ongoing recommendations to improve your agency. We measure our success by yours, and we will support you throughout the life of your loan.

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Expertise

Like you, we specialize in the insurance industry. Our dedication to the industry is evidenced by our instrumental role in the formation of the Insurance Network Alliance. Our singular focus on lending to independent insurance agents means we understand the nuances of the industry and can offer sound advice to make your agency financially stable. Our team is 100% dedicated to you, your business, your industry. You can rely on our financial advice, giving you more time to focus on what really matters – running your agency.

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Dedication

At Live Oak, we strive to treat each customer like our only customer. We meet with each borrower – in their office, not ours. When you obtain insurance agency financing from Live Oak, you are getting more than a loan for your business. You are getting a long-term partner who is truly invested in your agency and its success. We consider the funding of your insurance loan to be the first step in an ongoing relationship with you.

Our Insurance Team
understands
your business.

From our Insurance Resource Center