Looking to acquire a new agency or a book of business? We're here to help. An SBA loan from United Midwest is an excellent financing solution for insurance agencies because we are able to consider non-tangible collateral such as the value of a renewal income stream. Our team is renowned for our experience and ability to quickly identify an agency’s cash flow, assess financing needs, structure a strong lending solution, and expedite loan approvals and closings. We focus on communication with our clients throughout the entire loan process, guiding agency owners through each step and answering questions along the way. We might be a Midwest-based community bank, but we lend in all 50 states and are ranked as one of largest SBA lenders in the country. We're ready to help you finance your next agency.
We looked at a number of financing alternatives and by far United Midwest was the most knowledgeable and easiest to work with of any financial institution because they know and understand our insurance agency business. You don’t have to train them on the options or the usage of the loan as they have been lending to insurance agencies for years. They are very flexible and can offer up to 10 years, plus they have the pen on the loan and are not an intermediary. Give them a try and you will see why I say these things!
- Bob Smith –Leavitt Group Midwest
United Midwest has an understanding and appreciation of the insurance agency space. Flexibility and the introduction of fresh ideas on how to look at financing books of business and agencies are important and welcome. It is important that deals are quickly analyzed to determine if they would be a possible fit after the initial analysis, and United Midwest has been very good about that. It is easy to say no; getting to a safe yes takes more skill, which is why we work with United Midwest.
- Sam Patterson, Springtree Group
I was looking to expand and diversify my agency business and United Midwest made the financing process simple. With the nature of the insurance agency business, other lenders wanted my commissions to be sent to them; they wanted to collect their payment and then return the rest to me. I wanted to maintain my own commission schedules. United Midwest’s SBA loan was the only option I found that allowed me to control my cash flow without restrictions. This has allowed my business to grow into other markets and provided a sense of sustainability for both me and my employees.
- Paul M., Nationwide Insurance