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Book of Business Financing


1-10 year amortized loans specifically tailored for Insurance agencies. The insurance industry is usually restricted in most funding platforms due to the unique nature of premium ownership to assignable policies. Book of Business funding uses policy ownership as a tangible asset to borrow against. Loans range from 20K to 25M. Asset values generally are 10% of book value, example 3M book would yield 300K of tangible asset to lend against. Each deal is and will be treated as unique and tailored to the needs of the client. Typical use of funds are: Acquisitions, Working Capital, Expansion, and debt consolidation.


  • Completed application
  • Personal Financial Statement
  • Insurance annual reports (TPP, CSRP, or reports that have policy renewals, commission, and age)
  • Once received and reviewed a consult call will be scheduled directly with loan processor

Once legible and completed documents are received the file is reviewed by a Finance officer and you will be contacted within 24 hours to discuss findings and all options available to client.

Additional Notes:

  • As mentioned above, each deal is treated unique. Owner’s industry experience is heavily weighed.
  • Must be a non-captive agent
  • Policies must be owned by Agent or assignable
  • Cannot still be in vested period
  • Owner’s FICO: 620+
  • No BKs
  • Prefer: Allstate, Independent, and Nationwide agents
  • Collateral Required: Book of Business
  • Loan Amounts: Borrow 2-3 times annual renewal commissions
  • Term: 3-10 year loan
  • Rates: 4-9% + prime rate
  • Credit Requirements: 620 FICO or higher
  • Details: Only available for insurance agents
  • Deal Submission Requirements: Application, summary of existing renewables

About Cenric Group

Our experienced contract buyers are experts in the purchase of all types of consumer installment contracts. If you're in the need of a LUMP SUM CASH OUT of any cash flow contract, contact us TODAY for a no-obligation consultation and confidential note or note portfolio quote.

Contact Information

Cenric Group

332 South Michigan Avenue
Suite 1032-C287
Chicago, IL 60604

Toll Free: 800-526-8441
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


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The Business Finance Suite is the most comprehensive finance solution in the world. Through your Finance Suite you can secure money for your business and then build a business credit profile and score for your business so you can be approved for even more money with no personal guarantee or credit check.

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