Loan Rates Reach 35-Year Low

IOT members have an excellent opportunity to aid their commercial clients and build stronger relationships, thanks to the record low interest rate environment. Where appropriate, they can advise clients to save money by refinancing loans and restructuring banking relationships, and they can introduce their clients to the professional lenders at Insurors Bank of Tennessee.

"This is the ideal time for a business to refinance its loans and benefit from our excellent low rates," says Insurors Bank President Mike Qualls. "For many businesses, there's an opportunity to save significant interest expense."

Making a referral involves a simple introduction. The Insurors Bank representative visits the client and handles all banking details. Every quarter, the agency receives a referral fee based on its client's loan and/or deposit balance. The fee is automatically credited to the agency's bank account, and it continues as long as that client does business with the bank. Over the years, referral fees can add up to hefty net income.

"Agencies earn referral fees for their own loan balances, too," Mike Qualls notes. "Every agency should consider taking advantage of today's record low rates on business loans."

SPECIAL: For a limited time, Insurors Bank will increase the upfront referral fee on commercial real estate loans to $500. Click here to print a separate flyer with details of this program to give to loan prospects.