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The summer months are among us and 2017 thus far has been an exciting year! While the first quarter was one of the busiest quarters regarding Allstate acquisitions, there wasn't as much movement at the beginning of the second quarter. Now, creeping into June, Allstate acquisitions are picking back up and PPCLOAN is still positioned to remain a solid, seamless, and knowledgeable financing source for new and current agents.
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Leaders Forum
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PPCLOAN heads to Chicago
PPCLOAN was privileged to attend the Allstate Leaders Forum in Chicago this past month. Paul Clarke, President & CEO, and Steven Kemper, Chief Credit Officer, enjoyed the face-to-face interaction with agents, customers, and Allstate management.
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Q&A
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This month, we'd like to open the floor to any questions Allstate management may have for us. Questions on topics such as:
- Financing Requirements
- Lendable Limit
- Loan Structure
Please contact Jeff Horner, Financial Analyst, at jeff@ppcloan.com or 800-456-2779 to discuss.
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Recent Deal Highlight
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Outside Buyer in California
purchased a $2,661,000 total earned premium Allstate agency. The total loan amount was 90% of the purchase price while the buyer made a voluntary 10$ cash down payment.
Existing Agent in Oklahoma
purchased a $4.11M earned premium Allstate agency selling for 2.67 times. PPCLOAN provided a loan for 100% of the purchase price as well as funds to refinance the existing debt on the agent's current agency.
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Customer Testimonial
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Richard Kiedinger- Sedalia, CO
"PPCLOAN was easy to work with from start to finish. The main thing I look at as a customer is responsiveness and [they were] responsive at every turn. Everything went smooth and glad to get it all done."
Read more testimonials
here.
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