Customer goodwill is as good as gold.
Here are a few nuggets from ours.

We Know What Insurance Agencies Need

"My goal was to create an insurance retail franchise. California has very high standards for franchisors and we are required to meet certain capital requirements and also required to have audited financial statements. This process required a significant financial investment.

That’s where InsurBanc came in. Few banks or potential investors understood the agency’s operations, and fewer understood my dream of franchising an insurance retail storefront. Based on my success in the independent agency business, InsurBanc stepped in to provide a line of credit to give Fiesta the working capital to build out the franchise concept and start up its first franchised locations.

Without InsurBanc, we would have been forced to look at private investment or grow at a slower rate. I decided on InsurBanc because they understand the insurance industry. It is beneficial having a bank that actually understands the uniqueness of the insurance business.”
John Rost, President, Fiesta Insurance Franchise Corp.

"The biggest obstacle I faced in purchasing the agency was finding financing options. I tried going to my local bankers with whom I have an established relationship, but soon found out that financing insurance agencies was difficult because of the intangible assets of the business. The benefits of working with InsurBanc are numerous. They are so helpful and friendly. They understand the insurance business and that helps to get the funding together. They helped me through every step of the loan process from application to closing. They are still there for any questions that arise. I am using InsurBanc for my deposit accounts, and it couldn't be any easier. They are still just a phone call or e-mail away if I have any banking questions.”
Stacy Reid, Hartgraves Insurance Company