Textron subsidiary finalizes asset purchase program

A division of Textron Financial Corporation, Finance Company Services has closed and begun funding under a $5 million asset purchase program with TWG Capital, Inc. FCS is an Ohio-based specialized financial service company focused on meeting the needs of the middle market, independent lending community.


Based in Indianapolis, Ind., TWG is an early stage specialty finance company serving the needs of insurance agents, primarily those selling long-term care policies. TWG accelerates agent cash flows by purchasing future renewal commission streams owed to agents from insurance carriers, valuing these streams through the use of sophisticated actuarial models. This "discounting" of the future expected commission streams provides working capital for growth, can fund acquisitions or even allow agents to retire early.


 

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