Start-up Financing

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iaminsman
Insurance Journal Fan
Posts: 1
Joined: Mon Sep 18, 2006 1:33 pm

Start-up Financing

Post by iaminsman »

I have looked around and read a few things about how difficult it is to obtain financing for a start-up insurance business. Other than SBA loans through the "Big Banks", is there an easier way to obtain financing through a finance company? If so, any suggestions as to a specific reputable company?
Thanks
wlunday
Insurance Journal Addict
Posts: 215
Joined: Thu Dec 22, 2005 12:01 pm
Location: WA

start-up capital

Post by wlunday »

Depends on you. Experience, location, business plan... then many carriers have special programs available. They can "front" you the money for a promise from you to produce lots of policies for them. Several have approached me offering to even write off the money fronted if production goals are met! Ask Allied (Nationwide). They were the last to call.
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