Oak Street Funding
At a Glance
If you are buying an agency, RIA, or accounting practice, get its quote next to an SBA term sheet; the comparison costs nothing and the specialty underwriting sometimes wins.
- Pricing
- Custom Pricing, Loan products; no fee to engage. Rates are quoted per deal and not published. Third-party guidance describes down payments around 5% to 20% with seller financing commonly required in the structure (agencybrokerage.com, July 2026); confirm current terms directly.
- Best For
- Insurance-agency, RIA, and accounting-practice buyers who want a conventional alternative to SBA debt from a lender that underwrites recurring commissions as the collateral
- Track Record
- A bank-owned specialty lender operating since 2003.
- Type
- Bank (lends directly)
- Footprint
- Nationwide.
- Deal Size
- $500k to above $5M.
- Searcher Practice
- A general SBA lending desk, handled remotely.
- Published Terms
- Conventional loans secured by the recurring revenue of the book itself.
- Roadmap Stages
- 3. Set Up & Fund the Search5. Diligence & Close the Deal
Pros and Cons
Pros
- Two decades specialized in exactly the recurring-revenue practices searchers target in these verticals
- Conventional structure can avoid some SBA constraints and paperwork, and terms reportedly improve across repeat acquisitions
- Underwrites the book's renewals rather than demanding hard collateral
Cons
- No published rates or terms, so comparison shopping requires quotes
- Vertical-specific: outside insurance, RIA, CPA, and a few niches, it is not the lender
- Conventional pricing can run above SBA on comparable deals; make both paths quote
What Searchers Say
A long-standing fixture in insurance-distribution finance, regularly recommended in agency-acquisition guides as the specialty alternative to SBA lending. Community sentiment is matter-of-fact rather than enthusiastic: a professional lender with a niche it knows deeply.
How to Approach
Oak Street Funding is a bank, so this is how that kind of lender comes in, what it weighs, and how to arrive ready.
The Typical Arc
- A prequalification on you and the target, often from the first email.
- A full application and the bank's own underwrite of the deal.
- A term sheet, then closing on the SBA's timeline, commonly two to four months.
What It Weighs
- Whether the business's cash flow covers the debt with room to spare.
- Your experience relative to the business you are buying.
- Your equity injection and how clean the financials are.
How to Prepare
- Model the payment and coverage before you call. SBA Acquisition Calculator
- Underwrite the specific deal end to end. Underwrite a Deal
- Show where every dollar comes from and goes. Sources & Uses Builder