The upcoming changes for captive Nationwide insurance agents will likely create a capital need for most agents. You may need capital to:
- Payoff existing Nationwide debt to allow for additional mergers or book acquisitions,
- Pay Nationwide when you go independent,
- Help finance the tax implications that the transfer may create under certain options, or
- Help transition to a new agency management system
We are excited to partner with agents looking to take their Nationwide book independent and those that are acquiring other Nationwide books. Providence Bank has been making affordable loans to both independent and captive agencies since 2007. Call us today to discuss your options and how we can help you through your transition. Also let us know if you're interested in attending a future meeting in your area by completing our online form.
Call us today at 877.894.2785 or contact us online.