INDIANAPOLIS, Dec. 12, 2017 (GLOBE NEWSWIRE) — Oak Street Funding® (www.oakstreetfunding.com), a First Financial Bank company, expands its lending platform to insurance carriers, including Property & Casualty (“P&C”), Life & Health and Fronting subsequently broadening its reach with Risk Retention Groups and Captives.
With this expansion, senior secured loans can be used by carriers to fuel growth either through M&A activities, contributed capital and surplus or for general working capital purposes.
“Over the past 14 years, Oak Street has developed a strong market position primarily in the insurance distribution space with a combination of industry expertise, nationwide presence, broad loan offerings and a proprietary technology platform,” explained Rick Dennen, President and CEO of Oak Street Funding. “By expanding into the carrier space, we have the unique opportunity to provide cash flow-based loans across the spectrum from agent to carrier.”
Adds Brad Kronland, Vice President – Strategic Markets, “Increasing our product offering to carriers allows us to recognize our full potential as a lender and optimize our team’s insurance lending expertise.”
Oak Street Funding is an expert in specialty financing fulfilling the unique capital needs for cash flow-based financial services industries while providing extraordinary service to their borrowers.
About Oak Street Funding
Indianapolis-based Oak Street Funding (www.oakstreetfunding.com), a First Financial Bank company, provides commercial financing for financial service businesses, restaurant franchises through the First Franchise Capital (firstfranchisecapital.com) brand and third-party loan servicing for financial institutions. Oak Street Funding and First Franchise Capital utilize industry knowledge, proprietary technology and passion to deliver top-quality service and capital products to finance services professionals and franchise owners nationwide.
Sharon Robbins, 317-428-3804