Clayhill Advances in Stevens Point, Wisconsin passes insurance agency funding requests to funding partners. This page covers buying an agency or a book, hiring producers, how partners read commission income, furniture and technology, office moves and the Portage County agency counts.
At a glance
- Insurance agencies and related services, Portage County, WI
Insurance agencies and related insurance services (NAICS 5242), Portage County, WI: 35 employer establishments, $31 million in annual payroll (CBP 2023)
- Finance and insurance, Portage County, WI
Finance and insurance, Portage County, WI: $447.7 million in annual payroll, the most of any sector (CBP 2023)
- Agencies without payroll, Portage County, WI
Insurance agency and related businesses with no paid employees, Portage County, WI: 70 (Nonemployer Statistics 2024)
A Loan to Buy an Insurance Agency or a Book in Stevens Point, WI
Buying an agency or a book of business is a term loan in most cases. The asset is the renewal commission stream, so a partner reads the seller's commission statements for several years, retention rates by line, carrier appointments, and the purchase agreement, including any earn-out or seller note.
Illustration only, with invented figures: an agency buys a book for $280,000, pays 20% down and finances $224,000 at an annual rate of 9.5% over 84 months: about $3,661 a month and about $83,528 in interest. The renewal commissions on the book need to cover that payment.
The book purchase article goes further.
Insurance Agency Financing for Producer Hiring in Stevens Point, WI
A new producer costs salary or a draw for months before the commissions they write cover it. That ramp suits a line of credit, drawn as payroll comes due and repaid as the producer's book grows, or a working capital loan sized to the expected ramp.
A partner may ask for the producer's plan, the agency's history with past hires, and current commission revenue.
Insurance Agency Lending: How a Partner Reads Commission Income in Stevens Point, WI
Agency revenue is mostly commissions: new business and renewals, sometimes contingent or profit-sharing payments. A partner reads the split between new and renewal, the carriers paying it, and how steady it has been. Renewal commissions are the most predictable part and carry the most weight.
Insurance agencies and related services in Portage County, WI paid $31 million in annual payroll in 2023 across 312 paid employees (County Business Patterns 2023).
Loans for an Insurance Agency, With Office Furniture as the Stevens Point, WI Example
Desks, chairs, conference tables and filing are modest purchases that often travel with a move or an expansion. They suit a small equipment loan or a line of credit, depending on size.
Bundling furniture with technology in one equipment request keeps the paperwork together. Equipment financing covers both.
Business Loans for an Insurance Agency: Office Technology and Phone Systems in Stevens Point, WI
An agency runs on its agency management system, phones and workstations. Hardware suits a lease or a short loan; the management system is a subscription. The lease-or-buy article compares the choices.
Finance and insurance employers in Portage County, WI paid $447.7 million in annual payroll in 2023, the most of any sector, with 4,761 paid employees (County Business Patterns 2023). Agencies are one part of that sector.
Insurance Agent Loans for an Office Move in Stevens Point, WI
Moving to a larger office means a lease, a build-out or refit, furniture, phones and cabling. A term loan or a line of credit covers the refit; equipment financing covers the hardware. In Stevens Point, significant alterations need a building permit, and a partner may ask for the new lease.
Agency owners often weigh a move against a book purchase in the same year; the two can be separate requests.
Retention, Carriers and the Numbers a Stevens Point, WI Agency Brings
An agency request turns on how durable its commissions are. Retention by line of business, the number of carriers paying, the share of revenue from the largest carrier and the split between personal and commercial lines all shape how a partner reads the request. Agencies with several carriers and steady renewals show the strongest file.
- Two or three years of commission statements, carrier by carrier
- Retention rates by line, from the management system
- Business and personal tax returns
- Producer agreements and any noncompete terms
- For a purchase: the seller's statements and the agreement
A book purchase adds the seller's figures to the agency's own. A partner wants to see that the combined renewals cover the payment even if some of the purchased accounts do not stay, so a conservative retention estimate on the purchased book helps the request more than an optimistic one.
Portage County, WI Insurance Agency Counts and the Finance and Insurance Payroll
The 35 employer agencies and related insurance offices in Portage County, WI in 2023 had 312 paid employees, and 15 had a ZIP 54481 address (County and ZIP Code Business Patterns 2023). Another 70 had no payroll in 2024 and reported $3.8 million in receipts (Nonemployer Statistics 2024).
Working capital loans, Stevens Point, WI figures and the other trades sit alongside.
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