The company operates as an independent lender that finances property and casualty insurance premiums for commercial & personal lines.
The company is authorized to transact in the Contiguous U.S.
Key Aspects:
· More than 29 years of business operations with extensive internal fraud prevention techniques.
· Experienced staff totaling more than 129 years of cumulative experience in the premium finance industry.
· Licensed and authorized to transact in 48 states.
· Strong direct sales strategies in place.
· Member of the New York, Texas, and National Premium Finance Associations.
Opportunities:
· Hire additional direct sales reps in other strategic locations to increase sales.
· Develop a referral system for banks with non-real estate portfolios, as well as for wholesale insurance brokerages or insurance companies.
· In Q2 2023, the company is onboarding a client, which is projected to increase the personal lines annual loan volume by more than 20% and the company's overall. loan portfolio by more than $4 million, according to ownership.
· Pursue additional commercial and personal loan segments with increased capital requirements.
Headquartered:
· South Central U.S.
Current Markets:
· The company serves independent retail insurance agencies and wholesale general agents in the contiguous U.S.
The company's target market includes loans of less than $250,000 in retail, mid-market, and wholesale channels.
The company's indirect client base are individuals whose premiums are financed.
Real Estate:
· The company operates from an 1,800 square-foot office space, that is leased from an affiliated entity.
Ownership is open to leasing the space post-sale.
Shareholder Objectives:
· The company is owned by one majority owner and five inactive minority stakeholders.
The majority owner is open to an eventual full exit from the company after a predetermined transition period.
The five inactive minority stakeholders are all seeking full exits from the company.
Ownership is open to various deal structures to facilitate a transaction.
