We’ll Guide You Through the Insurance Acquisition Loan Process

When it comes to insurance acquisition loans or perpetuation transactions, you want a lender who knows the industry. We’ve financed over 2,300 small business acquisitions, so you can have confidence you’re in good hands with Live Oak Bank. Our in-depth insurance industry knowledge and lending expertise means we are well-equipped to help you avoid unnecessary complications. Whether you’re an experienced agency buyer or ready to become an owner for the first time, we’ll guide you through the insurance acquisition loan process. Here’s what you can expect during the loan process:


We want to hear details about your upcoming acquisition or perpetuation so we can design a loan package that meets your needs. The sooner you give us a call, the better. Following our initial conversation, we’ll begin the qualification process and send you the application. Gather your tax returns, resume, business plan and projections. We’ll help you build out a budget. Once we have your completed documents, you can expect pre-approval notice within 24-48 hours. Then, you’ll receive a proposal including information on rates, terms and any collateral requirements.

Underwriting and Closing

Once you sign and return your proposal letter, underwriting takes approximately two weeks. Upon approval, you’ll receive a commitment letter and your loan will be assigned to a Live Oak Bank closing specialist. On average, it takes 45 days to have cash in your hands. We make it a priority to meet your timeline expectations, so we will work with you to complete the acquisition loan process as quickly as possible.


After your loan closes, you’ll be introduced to your dedicated business analyst who will work with you throughout the life of your loan. He or she will perform a quarterly financial analysis, answer any loan questions and make recommendations to strengthen your agency’s financial status. We measure our success by the success of our customers, so we’ll have your back throughout the life of your loan.

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Webinar: How to Value an Agency, Structure an Acquisition, and Determine Valuation Multiples

In this 11-minute webinar, discover two common ways of valuing an insurance agency in today’s market, plus more.

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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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