You don’t have to navigate the insurance financing process alone.
At Live Oak Bank, we know the insurance industry. Our team has over 40 years of experience in agency operations, financing and mergers and acquisitions. We leverage our insurance industry knowledge and financing expertise to help you meet challenges and seize opportunities in any market. Whether you’re looking to acquire another agency, refinance an existing loan or buy out a partner, we’ll make it a smooth transaction. Our relationship begins when your loan closes. We work with you throughout the life of your loan. We’re a committed partner, no matter what your destination may be.
What You Can Expect:
- Longer Terms: 10 years for agency loans, 25 years for real estate
- No balloons, no calls or financial covenants
- Loan Amounts: Up to $10,000,000 in combination financing
- Expedited Loans: For loan amounts of $75,000 to $350,000
- Competitive Interest Rates
- Fast Closings: On average 45-60 days
Your loan can be used for:
- Merger and acquisition funding
- Perpetuation funding
- Consolidation and refinancing of existing loans
- Working capital
- Real estate & Construction