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Allstate Management Monthly
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Volume II, Issue X
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Greetings!
It is hard to believe we are already wrapping up the first quarter! In this month's edition, you will find a recent testimonial, a quote of the month, a note on refinance opportunities, and recent deal highlights. As always, PPCLOAN has an abundance of lendable funds and considers it a privilege to assist prospective and current Allstate agents in realizing their dreams!
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 | | Customer Testimonial |
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 | Refinance
Opportunity |
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 | Deal
Highlights
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 | Quote of the
Month
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 | Resources
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 | Archives
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 | Loan
Program |
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 Customer Testimonial
"As a first time Allstate buyer, I would choose PPCLOAN over any financial institution. Their staff took the time to learn about me, structure the deal that worked, and stayed by my side from start to finish." Brad Kerley Frisco, TX |
Refinance Opportunity 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 featuring a high interest rate or a short term. To offer a solution to this common problem, PPCLOAN offers competitive interest rates and terms on 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. You can direct your agents to call 800.456.2779 for a free evaluation.
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Deal Highlights
Outside Buyer in California- Purchased a $2.56M earned premium agency for 2.73x total renewal commissions (i.e. brokered book was included). PPCLOAN provided a loan for $555,000, the seller held an $80,000 note, and the buyer made a cash injection of $205,000.
Outside Buyer in North Carolina- Purchased a $3.68M earned premium Allstate agency for 2.45x Allstate renewal commissions. PPCLOAN provided a loan for $805,000, the seller held a note for $75,000, and the buyer made a cash contribution of $40,000.
Outside Buyer in New Jersey- Purchased a $2.47M earned premium agency for 2.02x Allstate renewal commissions. PPCLOAN provided a loan for $495,000 and the buyer made a cash contribution of $20,000.
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Quote of the Month
"Organization doesn't really accomplish anything. Plans don't accomplish anything, either. Theories of management don't much matter. Endeavors succeed or fail because of the people involved. Only by attracting the best people will you accomplish great deeds." -Colin Powell In the quote above, Mr. Powell makes a very good point about the nature of businesses. Each Allstate agency will realize greater performance to the extent that they have great employees. Additionally, Allstate Corporation will realize greater overall performance only to the extent that they attract great Allstate agents. It is great to know that the recruiters and Field Sales Leaders are working hard to get this job done!
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Resources
Allstate Agency Value Index- Our COO, Paul Clarke published his most recent segment of the Allstate Agency Value Index which explores agency values in a changing environment and how variable compensation has been a substantial consideration in setting agency purchase prices. Sign up here to read the full article and have access to our interactive tools comparing regional and national average purchase prices.
AllstateForSale.com- Direct your agents to this free online listing of agencies if they are looking to buy, or just get an idea of what agencies in their area are selling for.
Knowledge Center- Our highly interactive Knowledge Center provides presentations, informative articles, agency value index and financial tools.
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