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September 25, 2018
Jacksonville, FL – September 25, 2018 We Insure Group, Inc. announced that is has successfully refinanced $3.6 million through the closing of a new term loan.
The successful completion of this refinance is another project to add to the growing success of We Insure Group, Inc.
This new credit agreement provides a $3.6 million term with CenterState Bank. The new terms with CenterState Bank offer a significant savings in interest from the previous term.
The proceeds from the initial interest savings will be used towards corporate growth. It allows the company to grow cash flow capacity and increase funds for general corporate purposes. “CenterState was innovative and open minded in their approach and consequently realized the inherent value in the residual income of an insurance-based book of business. We expect our partnership with CenterState to be an integral part of our future growth plans” said Dominic Raices, Chief Financial Officer.
This refinancing provides We Insure Group, Inc. a distinct advantage. The new loan structure allows We Insure Group, Inc. with additional flexibility to further enhance their position in the insurance industry.
About We Insure
The information contained in this page is provided for general informational purposes only and may not be applicable to all situations. We Insure makes no guarantees of results from the use of this information.