Building Success for Insurance Agencies with SBA 504 Loans
Everyone needs insurance, and we all need a range of insurance types. Insurance agencies are seeing booming business today, with the segment expected to generate $160 billion in revenue in 2018. For agents seeking to establish themselves in a market, it is important to have a physical location. An SBA 504 loan can help here.
SBA 504 loans have very specific uses – they’re designed to help you buy real estate and buildings, or construct a new building. You can use them to improve the land and buildings purchased, and for any equipment that you might need, as well as certain soft costs involved with the project.
Most insurance agents will qualify for an SBA 504 loan, as well, and they come with lower interest rates than SBA 7(a) loans. However, the funds can only be used for specific things, and cannot be used as working capital.
We’re here to help you get the commercial financing you need. Simply fill out the form below for a risk-free consultation and a free SBA loan quote!