Although many people are excited when Spring finally arrives, insurance agency owners are often dealing with the stress of a big tax bill. Whether that tax obligation was expected, or it came as a surprise, it can drain the coffers and make it more difficult to stretch your budget to cover essential costs – like payroll, rent, marketing and general cash flow.
If you want to restore some liquidity, a First Mid working capital loan can augment or replenish your cash reserves. Once the loan is approved, the funds can be used to pay or hire staff, upgrade technology, buy leads, invest in marketing, or any of your business needs.
Working capital loans for insurance agents can be in the form of a revolving line of credit or term loan. Revolving lines of credit require interest only payments during the term and First Mid doesn’t charge any unused fees. Contact us today to learn more or get started.
