Ep. 111: Kyle Castle: Funding Agency Growth

Spot On Insurance - May 07, 2019

Kyle Castle is a lending advisor at AgileCap. AgileCap is a company that operates on insurance agency loans and provides clients flexible loan products to capitalize on growth opportunities. As lending advisors, Kyle assists insurance agency owners in funding the growth of their agency. He specializes in book acquisitions, debt restructuring, and working capital.  Today, Kyle discusses how the markets affect the insurance agency lending industry and what he sees as prevailing trends this year. He shares his life story, how he found his passion for finance, and why he joined the insurance agency. He describes the good and bad effects of debt for agencies and why the biggest companies in the world are in debt. Kyle also explains the current acquisitions trends and shares actionable tips for someone looking into buying a new book of business as well as tips for getting capital. “Organic growth is something everybody needs to do.” - Kyle Castle Today on Spot On Insurance: Kyle's career background and what led him to join the insurance industry. What his life was like growing up and his fascination with money. His inspiration in pursuing a career in finance. His definition of assets-based insurance lending. Acquisitions tips for buying a new book of business. The 2019 trend in acquisitions and how it compares to 2017 and 2018. Advice for those looking to get extra capital in the future. Key Takeaways: The wrong type of debt will ground you. Every blue-chip company out there operates with debt. Connect with Kyle Castle: AgileCap Email: [email protected] Phone: 435 6021756 LinkedIn This episode was brought to you by….. Insurance Licensing Services of America (ILSA), America’s Premier Insurance Compliance and Licensing experts. To learn more about ILSA and their services, visit ILSAinc.com. Connect, Learn, Share Thank you for joining us on this week’s episode of Spot On Insurance. For more resources and episodes, visit SpotOnInsurance.com. Subscribe so you never miss an episode. Love what you’re learning, Spot Light your review on iTunes and share your favorite episodes with friends and colleagues!

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