Nationwide agents, we are your banking experts.
Westfield Bank is affiliated with Westfield Insurance, founded over 170 years ago. Our agency banking team works exclusively with independent insurance agents and understand the insurance business from top to bottom. We can provide solutions ranging from paying off servicing fees, refinancing existing debt, or providing capital to pay taxes.
- Loans from $250,000 - $2,000,000
- Maximum loan amount is such that your monthly commissions received are 5 times your payment
- Limited underwriting outside of commission statements
- Commissions must be deposited into Westfield Bank account
- All loan payments deducted from Westfield Bank account
- Minimum balance of 3x monthly loan payment
- Fast turn times (less than 2 weeks)
- Online application process
- Projections of agency post-book purchase
- More diligence required
- Longer turn time – 60 days
- Loans from $2,000,000 - $10,000,000
- Request 3 years of tax returns/financials on agency and majority owner(s)
We make it easy.
We work hard to make the loan process easy. Our team will stay in touch with you from day one. We'll be there throughout the process - delivering transparency and expert guidance.Start your application today
Meet the team.
The experts that make it all work.
Refinancing your debt may seem complex and confusing at times. We can help answer your questions and point you in the right direction. Simply fill out this form and we’ll respond quickly. You can also contact one of our Westfield Bank experts to help.
Why choose Westfield Bank?
We have extensive experience working with Nationwide agents who are now independent. We are true experts at agent refinancing and lending. Our team is dedicated to help you every step of the way.