Allstate Management Monthly
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Volume I, Issue I
In This Issue
Resources
What We Offer
Loan Approvals
March Deal Highlights
Contact Us
Jeremy Olson
Seattle, WA
"I've worked with PPCLOAN since I purchased my first book in 2000.  They've been great to work with over the years and have played a key role in allowing me to grow my business.  They have a firm understanding of how Allstate agencies work, which makes the loan process that much easier."
Greetings!
With countless inquiries received from various sources regarding our loan program for Allstate agents, PPCLOAN has produced a short newsletter that aims to answer the most common questions being posed.  Each month PPCLOAN will provide the current status of our program as well as highlights from  recent deals to give a better understanding of what we can provide to Allstate.
 
Resources
Allstate Agency Value Index

AllstateForSale.com


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What We Offer
Loans for outside buyers and existing agents
  • 7, 10 and 15 year fixed-rate loans
  • Rates as low as 8%
  • Ability to make additional payments towards principal without penalty
100% Financing Available
  • Loans up to 2.5x combined agency renewal commission
  • Loans based on cash-flow of the agency rather than TPP
Free Consultation
  • We are able to assist clients in their purchase by leveraging our expertise gained from 10 years of financing Allstate agencies
  • Experience staff is a phone call away throughout the acquisition process and beyond to offer insights and guidance
  • We are careful to make sure the right buyer gets into the right situation and is able to succeed
  • We focus solely on Allstate Agency financing.
Factors that Adversely Impact Loan Approval
  • Revenue from agency does not cover costs
  • Lack of insurance sales experience
  • Credit score of less than 650
  • Low net worth
  • Excessive credit card debt
  • Exorbitant living needs
March Deal Highlights
Existing agent in New Mexico with a debt-free, $1.6M earned premium agency purchased a $4.9M earned premium agency for $1.5M.  PPCLOAN was able to provide financing for the full purchase price due to the added collateral provided by the Borrower's debt-free agency.

Outside buyer in Texas purchased a $3M agency for $750K.  PPCLOAN provided $600K toward the purchase price with the Seller carrying a note for 100K and the Borrower making a cash down payment of $50K.

Outside buyer in Ohio purchased a $1.8M earned premium agency for $425K.  PPCLOAN provided $375K toward the purchase price, with the Seller taking back a $25K note and the Borrower making a $25K down payment.

Contact Us
Staff
    Dustin Mangone                                  Eric LeBlanc                                     Steven Kemper
 [email protected]                          [email protected]                            [email protected]