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 referral system for banks with non-real estate portfolios, as well as with 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, which 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.
0
0
0