We're firmly into the 2nd quarter and we hope it was even more rewarding than last. In this month's edition, we want to highlight an article written by our Senior Analyst, Eric LeBlanc. He researched the historical path of interest rates and has written an analysis on where he believes they are heading, and how your agents can avoid the possibility of a significant rate increase.
Fix Your Interest Rate
What does history show us?
Based on historical trends, interest rates have generally been negatively correlated to changes in the unemployment rates. With unemployment at an all-time low since 2010, we anticipate the prime interest rate to rise as much as 5% within the next three years. Read the full article here.
Quote of the Month
"Obstacles don't have to stop you. If you run into a wall, don't turn around and give up. Figure out how to climb it, go through it, or work around it."
-Michael Jordan
While we may fail at times, it's up to each one of us to decide how to overcome life's challenges. Michael Jordan, one of the greatest basketball payers of all time, was cut from his high school team, yet he didn't give up. He worked even harder, pursued his dream of being the best basketball player he could be, and he persevered. In the same way, many Allstate agents are bound to face challenges as they grow their small businesses and will need to be encouraged at times to not give up, but to continue working toward their goals.
Allstate Trivia
That's Allstate's Stand
Deep-voiced actor, Dennis Haysbert, has been Allstate's spokesman since 2003. Haysbert is best known for his portrayal of David Palmer, Americas first African-American president, on the hit TV series "24." In his role as spokesman for Allstate, Haysbert officiated the coin toss prior to the 2007 Sugar Bowl between LSU and Notre Dame.
Deal Highlight
Outside buyer in New York
PPCLOAN secured fixed rate financing for 93% of the purchase price for a $3.05M earned premium agency. The remainder of the purchase price was met by the Buyer making a cash down payment for 7% of the purchase price. The 10 year loan term as well as the minimal cash injection allowed the buyer to be in a strong financial position to invest in his agency in the years to come.
Customer Testimonial
Chris Cichanski- Bothell, WA
"Working with PPCLOAN was a true pleasure from start to finish. The team at PPCLOAN operates with efficiency and courtesy. They are clearly professionals. They took the time to walk me through the process and options and were there for all my questions. Although most agencies boast superior and personal service, the team at PPCLOAN truly delivers. Well done PPCLOAN. You have a loyal client and I will refer others to you at each opportunity."
