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With the 4th Quarter quickly approaching, PPCLOAN is expecting the seasonal increase in business transaction activity, as has historically been the case. Many agents look to sell before the end of the year for tax purposes, others try to buy before the new year to meet goals, and some will make sure they have financing in place for a January 1 start date. PPCLOAN has provided financing for Allstate insurance agents for 14 years and continues to have ample funds for agents seeking to purchase an agency, or refinance their existing business debt.
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BANKER INSIGHT
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Importance of 100% Financing
Cash is important, and this is especially true when beginning a new business venture. It is important that outside buyer candidates are adequately capitalized when they get their new business up and running so that they can appropriately invest in their business, and weather any storms that may unexpectedly come their way. PPCLOAN realizes this, and we offer up to 100% financing for outside buyer candidates so they can hold on to their valuable liquid assets. Be sure to send them our way for a free quote and loan approval.
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DEAL HIGHLIGHT
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An Outside Buyer in the Capital Region
PPCLOAN was able to secure fixed rate financing for 91% of the purchase price for a $2.8M EP agency. The remainder of the purchase price was met by the seller holding a note. The ability for the buyer to conserve all of his personal liquid capital, rather than contribute it toward a down payment, was an important component of the transition for him, and will allow him to invest more in the growth of his business.
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NEW WEBSITE
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We Have a New Look
If you haven't had the chance to see our new website, we'd love it if you'd take a minute to look it over. Totally redesigned and mobile friendly, we think you'll find the new site to be much more user friendly and easy to navigate.
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