Due to the fact that the 1st Location was a captive agency, the owner was having a difficult time getting an SBA loan. He was told that this was his only way to purchase a second agency. He decided to contact 1st Commercial lending anyway.
To his surprise, 1st Commercial got him approved for a Conventional loan at a much better rate then the SBA loan he was denied from. On top of that he was also able to get additional working capital for marketing and transitional purposes.
100% Conventional Insurance Agency 2nd location Financing Structured to include working capital for marketing & future growth.
Loan Closed: 08/18/15
Contact one of our experienced Commercial Loan Advisors at (800) 341-6199