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Brook Daly
Escondido, CA
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accommodate Allstate agents even when there are timeline restrictions.
At all times throughout the process you are kept updated and informed.
It is very easy for me to recommend them to fellow agents."
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Greetings!
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Welcome to the August edition of Allstate Management Monthly. PPCLOAN would like to thank you for your trust and support as we continue to provide Allstate agency financing. Last month we received several questions in response to the Allstate Financing Q&A portion of our newsletter. These questions, along with their respective answers, are a featured resource in this issue of Allstate Management Monthly. Feel free to add to our database by submitting your own questions here.
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Resources |
Allstate Financing Q&A NEW
Answers to questions on prepayment penalties, minimum financeable book sizes and working capital loans.
How to Determine Your Living Needs NEW
How do overhead expenses, personal living needs, and debt service affect your ability to get a loan? Our video shows you how to correctly fill out this spreadsheet in order to determine the maximum loan amount you may qualify for.
Allstate Agency Value Index
Register for the Value Index to see regional agency values.
AllstateForSale.com
Over 115 listings and growing!
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Refinance to Improve Agency Cash Flow
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Often, existing agents' ambitions of growing their agency are stifled by a lack of cash flow. This cash flow insufficiency is usually due to debt incurred to purchase the agency which can feature a high interest rate, or a short term. To offer a solution to this common problem, PPCLOAN offers competitive interest rates and 10 and 15 year fixed rate loan products. Many agents have found that refinancing greatly improves their cash flow and thus enables them to invest more in their business, resulting in increased retention and agency growth.
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August Deal Highlights
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Outside Buyer in CT- Purchased a $3.7 EP agency (87% RET and 46% LR) for 2.03x. Financing for the agency was composed of $525,000 loan from PPCLOAN, a $150,000 seller note, and $73,000 cash down payment from the buyer.
Outside Buyer in NY- Purchased and merged a $2.5 EP agency (89% RET and 43% LR) for 2.6x and a $1 EP agency (88% RET and 44% LR) for 2.23x. PPCLOAN provided a $750,000 loan, with the balance being met by one of the agents holding a $75,000 seller note.
Existing Agent in CA- Purchased and merged a $1.1EP agency (91% RET and 53% LR) for 2.3x and a $.8EP agency (81% RET and 52% LR) for 2.15x. PPCLOAN provided a loan for the full purchase price, plus $50,000 for working capital.
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Allstate Lending Program
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- No application fee
- Loans for outside buyers and existing agents
- No down payment requirements
- 7, 10, and 15 year fixed-rate loans
- Ability to prepay without penalty
- Rates as low as 8%
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CONTACT US
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Our Allstate Team is always available to assist your agents with their financing needs.
9303 New Trails Drive, Suite 375 ~ The Woodlands, TX 77381
Toll-free: 800.456.2779 | Phone: 281.419.0400 | Fax: 281.419.8309 | Email: info@ppcloan.com
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