What Westfield Bank can do for you as a Propel agency
Congratulations on becoming a Propel agency with Westfield. Our Westfield Bank agency banking team understands the intricacies of your business and offers the services needed to meet your unique professional and personal financial goals. As an eligible Westfield Propel agency, you have access to a range of special banking services from Westfield Bank.
What Westfield Bank offers
Lending solutions tailored to your needs
Our team of dedicated bankers will help empower your agency with working capital as you achieve new milestones. We offer conventional bank loans with your unique needs in mind and use your most valuable asset – your book of business – as collateral.
MERGERS AND ACQUISITIONS
PERPETUATION LOANS
LINES OF CREDIT
PRODUCER LOANS
COMMERCIAL REAL ESTATE
Premium financing to support your clients
Premium financing provides your agency with funds to cover an insured’s commercial insurance premiums. With this structure, the insured conveniently makes payments back in monthly installments to cover the costs, improving your agency’s overall cash flow.
Partner with Westfield Bank to develop a customized premium finance program to best meet the needs of your commercial clients and provides revenue earning opportunities for your agency. Our dedicated team at Westfield Bank understands that each insured agency has unique financial needs. We make it simple and fast to complete transactions with real-time quoting, funding within 48 hours of a signed finance agreement, and customized payment plans.
Treasury management to optimize your business
No matter where your agency is located, we help you manage your cash flow easily and securely online. Our comprehensive line of services gives your agency greater control, efficiency and security to simplify your daily operations. Our customized packages combine select treasury management tools to optimize your operations based on your agency’s requirements. Propel Agencies receive discounted treasury management tools for the first year.
Additional exclusive services
- Free evaluation of your agency’s financials. We can help provide insight on borrowing ability and provide comparison to industry benchmarks;
- Discounted consulting and valuation services;
- Personal growth products for qualified agency partners include mortgage loans, Home Equity Lines of Credit, and Westfield Private Banking products and services to meet your personal goals and plan for the future
- We’re proud to offer a special checking account exclusively available to employees of companies that conduct business with Westfield Bank. Our Westfield at Work checking accounts are made available to your agency’s employees. This account gives your employees an easy online account opening, a $100* opening bonus, the ability to earn interest on account balances, and nationwide ATM access
To learn more about our exclusive access options, contact Mike Wagar
Disclaimer
*Limit one reward per employee. To open this checking account, you must make a minimum initial deposit of $25 and set up monthly direct deposit or ACH debit/credit at account opening. The reward will be credited to your new Westfield at Work checking account as interest within 10 calendar days of meeting the account requirements. The value of the reward will be reported to the IRS as interest income. Your account must remain open for 180 calendar days, or the amount of the reward will be deducted from the account at closing. Annual Percentage Yield (APY) of 0.01% is accurate as of October 1, 2024. Variable rates may change at any time without notice. Fees could reduce earnings on this account. This offer is subject to change or cancellation at any time without notice.
