Dallas, Texas and Cleveland, Ohio (PRWEB) October 09, 2013
The agreement calls for the development of a new jointly owned marketing company, Insurance Agent Loan (IAL). The two companies will pool resources and intellectual property to speed the development and adoption of financial products and services to support increased productivity, growth and profitability of Insurance Brokers and Agents.
"We are pleased to come together in this joint marketing venture with our long term strategic partners, PFA," stated STG CEO & Founder, Sam Patterson. "Our mutual goal has always been to capitalize on the PFA extraordinary marketing tools to help educate and attract agents and brokers so together we can provide greater access to our unique complement of proprietary STG loan platforms, custom built for this business community.”
PFA's Principal & Founder, Bill Friend, stated, "Our two companies have unique complimentary skill sets that, with this new joint marketing venture, will provide our existing customers and all companies in this insurance sector the advantage of custom built lending programs they need to excel in this changing market.“ Bill further states, “Traditional bank lending practices have not provided the specialized service to this market necessary to help agents with loans for acquisition, operating capital and perpetuation, with our proprietary STG products we can deliver that service.”
Agency owners know how difficult it is to gain access to capital to grow or buy an insurance brokerage or agency. Most lenders will just not lend to companies that do not have hard assets to collateralize. The STG lending product portfolio mix delivers a unique and very specialized group of loan packages. Equity, seller notes, commissions, cash flow, personal guarantees and / or hard assets can be used in the collateral mix.
The STG portfolio blend provides a unique combination of equity financing, asset based financing, revenue based loans, traditional and SBA backed loans. Very importantly these packages are built, underwritten and managed in partnership with selected preeminent special purpose lenders. STG, and now through IAL, are the only organizations in the US that offers this range of lending products developed and provided exclusively to our insurance business community.
About the Springtree Group
The Springtree Group (STG) is a private firm that finances, consults, acquires and / or invests in insurance related business service firms. STG is the national leader in providing a full spectrum of M&A and lending services to Insurance Agents and Brokers. We are committed to providing unique and fresh options to insurance entrepreneurs that will not be found with any other organization. Call us now with any questions relating to buying, selling or lending or visit STG online at http://www.SpringTreeGroup.com.
About Premium Finance Associates
Premium Finance Associates (PFA) is an insurance premium finance company specializing in financing Property & Casualty policies. PFA represents several national premium finance companies and takes a consultative approach in providing premium financing to insurance agents on a national basis. Premium Finance Group provides life insurance financing solutions to high net worth individuals as well as companies. In many cases, we provide asset based lending products to companies owned by high net worth individuals. Please call or visit us at http://www.PremiumFinance.net.