Oak Street To Lend Against Agent Commission Streams

NU Online News Service, Sept. 3, 2003, 1:32 p.m. EDT – Great Western Loans & Investments L.P., Carmel, Ind., which does business as Oak Street, has started Oak Street Funding, a unit that will lend money to insurance agents, insurance agencies and insurers.

Oak Street Funding will start by making loans secured by agents’ commission streams, Oak Street says.

Agents can use the loans for hiring associates or developing leads as well as for buying computers and making acquisitions, Oak Street says.