By Brian KlemsteinGroup Deputy Managing Director, Wintrust Agent Funding
Your agency is more than a multiple. It is your business. When you need a lender, not a lecture, we’re here to listen and help.
Cash flow management is directly linked to the success of your agency. Having working capital ready to invest in marketing, staffing, or technology improvements fuels growth to improve your business – but balancing the two remains a constant challenge for all business owners. Have you considered a line of credit for working capital or debt consolidation?
A line of credit can be a simple way to fund short-term projects and expenses. The old adage that you apply for and have a line of credit before you need it is very true and always a good idea. Many of our borrowers have a line of credit with a current balance of $0 while others pay off their balance at $0 when premiums are paid. Having a ready-to-use revolving line of credit can help your agency through good and bad times.
Debt consolidation can be a solution to eliminate high rates or fee-based loans. Partnering with a lender who takes the time to understand your current situation and find a repayment structure helps achieve financial balance. A lender that also offers creative solutions and helps boost cash flow really keeps a business running efficiently.
Wintrust Agent Finance would like to send a big “Thank You” to our Allstate customers, prospects and sales executives for supporting our move from Allstate to Wintrust. The entire team joined Wintrust last November, becoming the Allstate Agents’ Preferred National Lender. We have started funding new offerings while continuing to support our current customers. Our growing team is available to discuss how the funding process works, whether you are refinancing, buying an agency, or selling your agency.
Wintrust Agent Finance is a division of Lake Forest Bank & Trust Company, NA, a Wintrust community bank.
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Wintrust financial company published this content on April 19, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Apr 20, 2022 2:14:06 PM UTC.
