Client buying an insurance book
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  1. #1
    Senior Member Reputation points: 11553 Eagle Funding's Avatar
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    Client buying an insurance book

    My client is looking to buy an insurance book, and need financing for it, they are buying it from a local credit union that is being purchased by a larger credit union, and they have won the bid for the book a 1x value instead of 2.5x as the credit union is trying to get rid of it. Does anyone specialize in this (800k)
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  2. #2
    Senior Member Reputation points: 68233
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    Is it Health and Life or is it a Property and Casualty Book? Does the buyer have financials from the prior owner.

    If the deal makes fiscal sense we work closely with a group that arranges Insurance Acquisitions and provides term loans for Insurance Brokerages.

    Quick Underwriting decisions, terms to 5 years typically from 9.99% to 16%..

    Touch base if this is still in play..

    rg@businesscapitalconsultants.com

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