Over $350 billion in relief funds have been made available for small businesses by the federal government. Here’s some information that should help you consider which new federal loan option makes sense for your agency business. Note: We do not offer these new federal loans at AgileCap, but … [Read more...] about Important information regarding new loan options from the federal government.
Some thoughts from our President and CEO These are uncertain economic times. Large and small business owners are closely monitoring the developments of COVID-19 and its impact personally, professionally, and on our nation. As a group, we’re wondering what challenges we’ll need to navigate in these … [Read more...] about The Insurance Industry in Uncertain Economic Times
The end of the year is more than just the bustle of the holidays. For small business owners, it’s also an essential time to give your business some extra attention. A year-end financial review helps you check your money goals, see what worked, what didn’t, and make adjustments for the future. Use … [Read more...] about 3 Steps to a Year-End Financial Review and Financial Planning for the New Year
Growth is critical to the success of any insurance agency. You might be one of the increasing number of agency owners looking to grow your agency through purchasing another agency or book of business. This can quickly increase your profitability and deliver a predictable level of growth. While … [Read more...] about Insurance Agency Acquisitions: How to Find Agencies for Sale
Don’t Let a Quick Loan Put Your Insurance Agency into a Tailspin! Every week, we find ourselves talking to insurance agency owners who’ve found themselves in a tough financial position. They’ve taken out a loan to solve a temporary cash flow crunch believing they’ll repay it in a couple of months. … [Read more...] about AgileCap’s “Bad Loan” Self Help Guide
Growth is a priority for your agency. You’ve defined your growth strategy and determined how much debt you can responsibly take on. Now you need to find the right lender. As an agency owner, you may discover that it’s challenging to get financing. Traditional lenders require fixed assets to back … [Read more...] about Leverage Your Assets for Growth: Using Your Insurance Book of Business as Collateral for Loans
Borrowing money for growth can be a winning proposition if you borrow carefully and wisely. Whether it’s acquired for personal or business use, there are really two types of debt: good and bad. Understanding the difference is simple. Good debt propels you or your agency forward and puts you in a … [Read more...] about Borrowing for Agency Growth: Understanding Good vs. Bad Debt