Leo Cohen

Charlottesville, VA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)

cfgAdvance

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Location: Charlottesville
Industry: Finance
Year Founded: 2010
Number Employees: 1-10 people
Business Stage: Growth (profitable)
Entity Type: Limited Liability Company
Description: CfgAdvance provides cash advances to insurance sales Producers. These advances are collateralized by commissions due from policies already sold. All advances are made through insurance sales Intermediaries (Broker General Agent, Insurance Management Organization, Managing General Agent). Investment risk is extremely low because the intermediary is authorized to deduct payments from the Producer’s commission checks. Demonstrated IRR = 15%. We are interested in 2 investment levels; 1- $85,000 to fund a pilot advance program for a downline agency of a major ($4.9bb) sales Intermediary, and 2- a $4mm commitment for on-going advance funding to this Intermediary's downline. I have an executive summary available that expands on this request. My direct contact email is (URL removed). Leo Cohen President, cfgAdvance (Phone # removed)