Resources
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Allstate Acquisitions and the
Role of the Restrictive Covenant NEW
- Buyers should conduct their own due diligence and communicate with their sellers effectively to avoid issues with seller competition after their agency purchase.
Allstate Agency Value Index
- Provides feedback to the market regarding the average sales price of Allstate Agencies
AllstateForSale.com
- Now with an excess of 85 listings. This is a great new resource for your prospective buyers!
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Banker Insight
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A major factor driving loan approval is a potential borrower's "street smarts." The question is not, "do they know the material and the correct answers," but rather, "do they understand how to use what they know efficiently to achieve results?" A potential borrowers "street smarts" are made evident primarily through the ongoing conversations between Loan Officers and themselves. Secondary sources for evaluation include, but are not limited to, past employment history, tax returns, and their personal financial statement.
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June Deal Highlights
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Outside buyer in PA purchased a $3.8M EP agency for $820,000. PPCLOAN financed 100% of the purchase price and included funds to cover loan costs.
Existing agent in MO with a $2.9M EP agency, refinanced debt with the previous owner and a local bank, and purchased the remaining economic interest in the agency. PPCLOAN provided $600,000 to cover the refinance and loan costs.
Existing agent in GA with a $2M EP agency purchased a $6.2M EP agency for $1.75M. PPCLOAN provided $1.728 to purchase the agency and retire existing debt. The remainder of the purchase price was financed by the seller holding a $150,000 note. The borrower incurred no out-of-pocket expenses.
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CONTACT US
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Dustin Mangone Eric LeBlanc Steven Kemper
[email protected] [email protected] [email protected]
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