Specialized Business Financing For Insurance Agencies
There is no one-size-fits-all solution at Steer Financial. With your small business in mind, we'll find the best financing options to address your needs in whatever state your business may be.
Easy application and approval process.
Funding specialist support from start to finish.
Tailored financing options for your business.
Get funded within 24 hours from loan approval.
INSURANCE AGENCY SMALL BUSINESS LOANS OVERVIEW
What is Insurance Agency Small Business Loans?
Insurance agency business loans can help give you access to working capital to expand or invest in your growing small business. Keeping your business up to date may rely on allocating money into marketing, replacing or purchasing equipment, or upgrading and expanding your current location. The funds can be used for various purposes like renovations, payroll, or simply for day-to-day operating expenses. Obtaining a small business loan for your business doesn't have to be difficult. Forget about the long dreadful paperwork. With our easy, simple, and secure application you can have access to flexible options to meet your business needs without affecting your current business' cash flow.
Insurance Agency Small Business Loan Topics:
THE STEER PROMISE
Helping Small Businesses Grow Across The U.S.
At Steer Financial, we understand that no two businesses are alike. We offer financing solutions as unique as the business owners we help. Together, we can help steer your business to its full potential. Step one is determining which type of financing is ideal for your business. We work hard to deliver honest, reliable, and transparent customer service so you can feel confidence choosing us to help you meet your business capital needs.
Serving All 50 States
By leveraging our network of 45+ partner lenders, we can offer tailored solutions to businesses across the U.S. regardless of their size or industry.
Secure + Safe Data
We strive to keep all of your information secure and private. We assign a funding specialist to guide you along the entire process.
10+ Years of Experience
Our expertise has enabled us to understand small businesses and offer the highest level of service to you and your business.
DIFFERENT TYPES OF LOANS
Types of Small Business Loans for Insurance Agencies
If you are looking for a professional services small business loan, you will be pleased to learn that there are a wide range of financing options available to help you meet your business’ needs.
Equipment financing allows businesses to purchase new or pre-owned business equipment via a loan or a lease. Equipment financing allows businesses to purchase equipment with fixed payments over time with intention to own at the end of the last payment. While equipment leasing allows businesses to obtain equipment by regular lease payments without the intention to own at the end of the lease term.
Working Capital Loans
Working capital can be a great option for businesses with poor credit, which can give a small business owner access to working capital. Merchant cash advances are a predetermined advance on the future sales of the business, repaid on a daily or weekly basis.These type of financing is often used to bridge the gap between billing and payment cycles and can help keep your business financially stable.
Business Line of Credit
Business lines of credit are typically unsecured, which mean that business owners do not need to guarantee any collateral. Once a line of credit is open, a business immediately receives access to a fixed, predetermined credit limit. A company can start withdrawing funds instantly and as often as needed only paying interest on the amount withdrawn. Monthly repayments are set up by the lender at a fixed interest and principal amount. Access to continue working capital occurs as a business owner pays monthly payments.
Compare Insurance Agency Funding Options
You may feel overwhelmed by the vast available financing options when it comes to gaining access to small business loans. Ultimately the financial product that will work best for you and your business will all depend on a few factors. Those factors may range from how quickly your business may need those funds, length of time you may need to repay the loan, or how exactly you plan on using the funds. Don't worry, we made an easy breakdown for all the small business options you will find at Steer Financial:
Provide your business a stream of financing secured by your company’s own assets. Make your personal assets grow your business assets.
$10,000 - $5 Million+
Flexible programs from 24-72 months
Collateral required; revolving or term loans available
Access a revolving working capital loan that can be used when needed. You will only be charged interest on the funds that you actually borrow, and not on the full amount offered.
Up to $1 Million
Only pay interest on the amount that is borrowed
Financing options for nearly every industry and for every kind of equipment purchased. Financing or leasing can help you acquire the necessary pieces of machinery for your business.
$10,000 - $5 Million+
24 Hour Approval
Flexible programs from 12-72 months
Designed for businesses in need of quick and short term capital. Providing your business with stable and flexible credit with financing available in as little as 24 hours.
$10,000 - $1 Million
Same-Day Approval + Funding
No collateral required; access additional capital after paying 50% of loan
Allows you to turn pending and unpaid client invoices into up-front business capital to grow your business in realtime.
$10,000 - $2 Million+
24 Hour Approval
Real Estate Loans
Residential and commercial real estate loans are a great way to buy, build, expand, remodel, and even refinance. Mostly used for building a portfolio of rental properties or fix/flip model.
1-30 year terms available
Competitive rates, and easy approval
Our partnership with Small Business Administration funding programs are a great way to start, expand, or keep your small business afloat with low APRs and a broad usage.
$10,000 - $5 Million
2 years time in business required
Minimum 680 credit score for all applicants
A new business comes with its various costs. Start-up loans help finance your new endeavor without having to borrow from investors.
*Only available for businesses located in the Southern California
$5,000 - $150,000
ITIN + DACA applicants can apply
Working Capital Loans
Working capital loans provide your business with short term funding that helps your business with the everyday costs of running a business.
$10,000 - $2 Million
Same-Day Approval + Funding
No collateral or personal guarantor required
*Terms, fees, and other related information is always stated and transparent before presenting any and all offers/financial options to our clients.
What Can An Insurance Agency Business Loan Be Used For?
In order to sustain and expand their operations or practices, small businesses require a substantial amount of capital. Yet, not all insurance agencies have access to the funds necessary to meet their objectives. Thankfully, insurance agency business loans give the necessary financial resources for businesses to prosper. These are the three most frequent uses for insurance agency small business loans:
Small business loans can be used to finance expansion plans such as opening a new location, renovating an existing space, or purchasing additional inventory or equipment.
Small business loans can be used to cover day-to-day operational expenses such as payroll, rent, utilities, and purchasing raw materials.
Marketing and advertising
Small business loans can be used to fund marketing and advertising campaigns to increase brand awareness, reach new customers, and promote products or services.
Equipment or technology upgrades
Small business loans can be used to invest in new technologies or upgrade existing equipment to improve efficiency, productivity, and competitiveness in the market.
How To Qualify for an Insurance Agency Small Business Loan
At Steer Financial, we will work closely with formulating a plan for your business. We will assess your business with our partnered lenders to evaluate the strengths and assets your business has to decide on the loan's size and conditions. Strong financial statements and a high credit score might also increase your chances of being approved. To make sure an insurance agency small business loan is a realistic choice for your business, our funding specialist will walk you through the entire process from start to finish. Below is a quick overview of the minimum requirements in order to get an approval:
Time In Business
At least 6 months in business.
At least $15,000 per month in deposits.
Minimum of 600+ personal credit score.
1 year free from any open bankruptcies
HOW TO APPLY
Three Easy Steps to Secure an Insurance Agency Small Business Loan
As a small business owner, you have plenty of business loan options. Small business loans are a great way to expand your business' cash flow and have access to capital at any needed time. Steer Financial offers insurance agency financing options with fast approvals and flexible terms.
We have partnered with over 45+ lenders to ensure that we match your business with the best lender and the most competitive rates. We work quickly to provide an approval in as soon as a few hours.
By utilizing our streamlined fast funding approach, your business can access the necessary capital in as little as 24 hours from the moment you approve the terms, ensuring a timely and efficient process.