Oak Street Funding

Indianapolis-based Oak Street Funding specializes in customized financing options to provide insurance businesses with funding for working capital, acquisitions, leveraged buyouts of agencies or books of business and more.

Borrowing funds can help businesses pursue opportunities without draining liquidity or diluting equity. Successfully securing the right financing, however, can be challenging and complicated for insurance businesses because of the intangible nature of their most valuable assets -- commissions.

Why Oak Street Funding

Our clients appreciate our knowledge of their business, the market and acquisitions. In fact, many have returned to us for multiple rounds of funding. Not only do we have a staff of professionals with rich insurance industry and commercial lending experience, we also have proprietary software that allows us to underwrite loans using commission streams as collateral.

Oak Street Funding was started in 2003 to specifically serve the needs of insurance professionals, and since then has provided hundreds of millions of dollars in funding to thousands of businesses. Our loans can be customized to meet unique circumstances. We are a direct, non-SBA lender. We provide in-house processing, underwriting and servicing, and we will not sell our loans to another organization.

Our clients include:

• Program Administrators
• Managing General Agencies
• Wholesalers
• Retail Agencies

Visit oakstreetfunding.com to learn more.

Description of Product or Services you would like to promote in the Association:

Oak Street Funding provides cash-flow based financing to the insurance industry. We have capital available with the following general terms:

• Senior debt up to $20 million
• Terms up to 12 years
• Interest-only payment periods
• Line of credit options

 

How does your product or service specifically target/benefit Program Administrators:

Loan proceeds are used primarily for strategic initiatives such as:

• Acquisitions
• Management recapitalizations
• Successions
• Debt restructuring
• Investment in business growth

What differentiates your product from others in the marketplace?

Since 2003, our team has provided hundreds of millions of dollars in funds to thousands of businesses. We have extensive industry expertise, and we can customize loans to meet unique circumstances. We are a direct, non-SBA lender. We provide in-house processing, underwriting and servicing, and we will not sell our loans to another organization. Our clients include program administrators, managing general agencies, wholesalers and retail agencies.