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INSURANCE AGENCY FINANCING
It is important that you work with a bank that understands how to determine the true value of your agency. Most banks lack of understanding may limit borrowing against the value of hard assets only-furniture, fixtures, and so on-with no recognition of the true value of an agency's book of business.
At Timberwood Bank, we know the value of an agency! We understand the challenges you face and the opportunities that are present in your insurance agency.
Timberwood Bank has helped the entrepreneurial dreams of hundreds of businesses become a reality. With the 50 years of combined insurance industry experience of Robert Holmes and David Taylor you will be able to realize the full potential of your agency.
How Timberwood Determines the Value of Your Agency
How Our Valuation Process Helps Your Agency
Increase Efficiency with Free Remote Deposit Capture Capability
The Timberwood Bank Health Savings Account Program
What Other Insurance Agencies Are Saying
Timberwood's Insurance Agency Financing Contacts
Insurance Agency Financing Forms
How Timberwood Determines the Value of Your Agency
The key difference between Timberwood Bank and most other financial institutions is our keep insight and understanding of the insurance business due to 50+ years of involvement in the industry. Unlike most financial institutions, we know that the true value of your business is a lot more than just the real estate, furniture and fixtures-rather, your biggest and most valuable asset is your book of business.
From you book of business we are able to determine a value of your agency and by pledging this book of business; we are able to lend funds to you at a competitive interest rate. Need help in determining the value of your agency and the amount of equity that is available to lend against, give us a call at 608-372-BANK (2265) or send us an email.
How Our Valuation Process Helps Your Agency
Increase Efficiency with Free Remote Deposit Capture
Remote Deposit Capture is a relatively new service in the banking industry that allows you to make deposits of checks and other negotiable instruments from the convenience of your office computer. A special scanner and software program scans in your checks and converts them into electronic transactions that credit your account much faster than the traditional check that routes through the Federal Reserve. The result is a faster credit to your bank account and more efficient use of your staff. No longer will your staff need to make time-consuming trips to the bank and you can bank with Timberwood Bank even if you are located hundreds of miles away.
Here's the best part-this service is free exclusively for insurance agency customers who take advantage of financing through Timberwood Bank. Please call us at 608-372-BANK (2265) or email us if you would like more information about this efficient way to handle your deposits.
The Timberwood Bank Health Savings Account Program
The bill passed by Congress in January 2004 that created the Health Savings Account (HSA) has resulted in a tremendous amount of interest by consumers and employers. The HSA is an interest-bearing, tax-free savings account for qualified medical expenses and plays a key role in many employers' health benefits package.
The Timberwood Bank Health Savings Account-Brochure
For more information on our referral program for insurance agents, please contact Timberwood Bank by calling 608-372-BANK (2265) or email us.
HSA BROCHURE
HSA ENROLLMENT FORM
EMPLOYER-EMPLOYEE FUNDED CONTRIBUTION WORKSHEET
AUTO TRANSFER AUTHORIZATION
REQUEST FOR TRANSFER TO AN HSA
HSA POWER OF ATTORNEY AUTHORIZATION
What Other Insurance Agencies Are Saying
"Timberwood Bank recognizes the value of your agency's business as an asset when evaluating your net worth. I have found Timberwood to be the sole exception in the banking industry when working with insurance agencies. They have worked with us in purchasing real estate and in funds for agency expansion and growth. The staff at Timberwood Bank is very knowledgeable in insurance agency practices and very willing to work with agencies to devise a plan for your needs."
Ron Marler, VP
Bayland Insurance Group, Inc
"I would recommend them to any agency that values a good working relationship with their bank."
Dan Cuskey
Benefit Plan Administrators
Timberwood's Insurance Agency Financing Contacts
David Taylor
Commercial Loan Officer
608-374-1146
dtaylor@timberwoodbanks.com
Robert Holmes
CEO/Chairman
608-372-2265
rholmes@timberwoodbanks.com
Insurance Agency Financing Forms
AGENCY LOAN APPLICATION
SBA PERSONAL FINANCIAL STATEMENT
SCHEDULE OF INDEBTEDNESS
COMMERCIAL QUALIFICATION PROFILE
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