Oak Street Funding Partners with SIAA to Build Revenues and Agent Loyalty.Commission-Based Lending Allows Member Insurance Agencies to Increase Profits Through Expansion and Acquisition
INDIANAPOLIS -- Oak Street Funding, which pioneered commission-based lending for the insurance industry, has entered into a partnership with the Strategic Independent Agents Alliance, a move expected to boost revenues for SIAA SIAA Strategic Independent Agents Alliance
SIAA Societas Iuridica Antiliana et Arubana (Dutch)
SIAA Seed Industry Association of Australia, Limited and its agencies, while increasing retention. The announcement was made today by Richard S Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000.
Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a . Dennen, Oak Street Funding's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. .
By teaming up with Oak Street Funding, SIAA's agencies can use the value of renewal commissions to generate immediate cash for growth, acquisitions, succession planning Management Succession Planning
In organizational development, succession planning is the process of identifying and preparing suitable employees through mentoring, training and job rotation, to replace key players — such as the chief executive officer (CEO) — and more, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Dennen. "SIAA can now offer its agencies an outstanding value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. that will increase income and retention and build loyalty for the long term," he said. "For agencies, this is an exciting new avenue for growth."
Bill Fahy, SIAA's executive vice president, said he was thrilled to bring Oak Street Funding's commission-based lending to the table for SIAA's agencies. "Now our members have access to the capital they need that allows them to acquire other agencies, expand and achieve long-term growth." The Hampton, N.H-based SIAA is one of the largest partnering independent insurance agency networks in the country, with 2,100 agency members in 48 states.
Nordhoff tapped to expand marketing partnership program
To help build more partnerships with insurance marketers and affinity groups, Oak Street has hired Lisa Nordhoff as director of sales and marketing, effective April 16. Nordhoff comes with a wealth of experience in insurance marketing, having worked since 1989 on behalf of Conseco, a Fortune 500 insurance provider, in positions including vice president and national sales manager sales manager n → gerente m/f de ventas
sales manager n → directeur commercial
sales manager sale n → . There she developed many successful new products and helped increase profits for different product lines.
Since its founding in 2003, Oak Street Funding has entered into more than 75 partner programs with agencies, brokerage firms and insurance marketing partners of different sizes -- each tailored to maximize specific opportunities. Through these programs, Oak Street has facilitated more than 150 loans topping $20 million.
Dennen said that Oak Street is always looking for Looking for
In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the right type of partners--companies with well-orchestrated marketing and distribution systems, run by leaders with foresight and who practice the highest level of ethics. "Once we find suitable partners, we show our faith in their hidden assets hidden assets
Items of value that are owned by a firm but do not appear on its balance sheet. For example, a trademark or patent may be a firm's most valuable owned asset; yet, it would not appear as such on its balance sheet. -- anticipated commissions -- and help catapult them to the next level of growth and success."
About Oak Street Funding
Oak Street Funding is an Indianapolis, Indiana-based commercial finance company dedicated to insurance professionals. The company offers commission-based lending to insurance agents, helping them achieve goals such as expansion, growth and succession planning. Through proprietary technology, Oak Street can accurately evaluate the risks of lending. For more information, visit www.oakstreetfunding.com or call Lisa Nordhoff at 866-625-3863.