Springtree Group (STG) and Semper Fidelis Capital™ have announced a new SBA Loan Solutions™ Program designed for independent insurance agents and insurance brokers.
The new program provides many customizable options for insurance agents and brokers that allow them to choose their own pace and level of support, ranging from low-cost DIY templates and education to full-service SBA presentation and sourcing.
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Springtree Group is the largest company in the U.S. to offer a portfolio of financial services built specifically to support the insurance agent and brokerage community. In our daily conversations with insurance entrepreneurs two of their most pressing questions are, “Will you finance an agency or brokerage operation?” and “Will you help us find agencies to buy?”
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The Springtree Group is a private firm that finances, invests, acquires, sells or consults in the insurance related business service space. STG is the national leader in providing a full spectrum of financial services and products to Agents, Brokers and insurance support companies.
Our product portfolio mix provides a unique combination of equity financing, asset based financing, commission based loans, SBA loans and “Mash Up” (M&A) services. Through our strategic partners, STG is the only organization that can offer this extensive range of financial products and services custom developed and provided exclusively for the insurance agent and brokerage community.
The professionals associated with the Springtree Group possess decades of successful experience in managing, securing growth capital, acquiring, investing and operating companies in this space. Our experience ranges from early stage, high growth ventures to Fortune 50 firms. We offer a unique perspective resulting from having built, managed and sold our own companies.
We are committed to providing fresh options to business owners that will not be found with any other organization. Call us now with any financial or operational questions relating to your Agency or Brokerage.
When you need more than one answer for your financial questions, call STG at (972) 395-8811 or contact us online.
Countless business owners are unaware of the fact that the SBA has guaranteed in excess of $18 Billion in small business loans so far this year. Why not you?
The Springtree Group (STG) offers The Seven Myths of Getting a SBA Loan as a free service to brokerage/agency owners who need capital to grow, buy or sell their firms. STG is the largest company in the U.S. to offer a portfolio of financial packages to specifically support the agent and brokerage community. Our SBA package is one of these offerings. As with our other loan packages, our SBA program typically provides loans based on your firm’s cash flow, not your personal hard assets. See which of the seven myths below you previously believed, and how getting the facts can help you achieve your business goals.
The Seven Myths of Getting a SBA Loan:
Myth #1 – The SBA is for small business loans for people with poor credit who cannot find capital elsewhere.
Not true – SBA working capital loans go up to $5 million.
Myth #2 – Getting a SBA loan means you will have to deal with the government.
Not true – The SBA guarantees the loan. The funds are loaned from a bank. You will deal with the bank.
Myth #3 – To get a SBA loan you must be fully collateralized.
Not true – “A loan request is not to be declined solely on the basis of inadequate collateral.” SBA Standard Operational Procedures
Myth #4 – SBA loans have higher interest rates and shorter terms than conventional loans.
Not true – Current working capital loans are at 6% with terms out to 10 years.
Myth #5 – The SBA requires you put down at least 20%.
Not true – Your existing equity in your company can allow you to borrow without an additional cash injection. When you purchase an agency, a seller note is considered equity.
Myth #6 – Since you are preparing to sell your business, you have no need to understand the SBA as a source of capital.
Not true – Educating potential buyers of the SBA as a source of capital can allow you to reach a broader market – and prevent you from having to finance the buyout yourself.
Myth #7 – The process of getting an SBA loan is a nightmare.
This one happens to be true – if you do not have a professional team that knows the system, has the banking connections with SBA lenders, and can get advocacy from the SBA on your behalf.
If you are agency owner looking to sell to an outside entity, sell to your children, buy other agencies, grow their agencies or start a new agency please contact us.
To schedule a phone conversation and receive a FREE FINANCIAL ANALYSIS to determine whether an SBA loan is right for you, please contact us online.