For Insurance Agents

• Call us 877.894.2785

Call us to talk to our account managers about your specific needs and what products we offer. 

• We can call you

If you want to provide some limited information prior to talking to us, complete our form, and one of our account managers will call you.

• Email us

You can always email us at agencyfinance@myprovidencebank.com, but we prefer a live conversation so we can ensure that we understand your specific needs, answer all your questions and get you in the best product to achieve your objectives.

• Submit the application and required documentation

Once you’ve talked to an account manager about your insurance agency financing, you’ll receive an email with the application and information request.  You can also find the application here

• Credit review

We’ll review your application, ask any follow up questions we may have of you and provide initial feedback on product and loan terms.  Our credit review can take as little as one day for certain Quick App loans for Allstate agents and will be longer for insurance agency acquisition or more complicated financing scenarios.

• Credit approval

Once we’ve discussed the best product for you and general terms, we will seek credit approval.  Depending on the product and your loan size, approval time will vary.

• Loan documentation

Once we have loan approval, we will prepare loan documents and get your bank account(s) set up.  Much of our insurance agency loan document package is electronic.  You’ll have a closing call with us to walk you through the documentation and sign everything.

• Funding

Together we will handle any closing conditions and fund your loan.

The process for loans for insurance agents takes an average of 30-45 days but can be as quick as two weeks for Quick Apps.