Capital Infusion Will Help Brightway Insurance Grow

Brightway Insurance has a new deal for $20 million in bank financing through SunTrust Bank in a strategic move to help fund its national expansion. Brightway is a national property/casualty insurance agency selling through a network of franchised locations. The company was started in 2008 and has grown to 117 locations in 10 states.

"We are thrilled to have entered into this relationship with SunTrust," says Brightway founder and chairman, David Miller. "Owning your own business is the American dream, and we want to bring that opportunity to people everywhere. In turn, Brightway agents will bring expert counsel and more choice in insurance companies to consumers everywhere, ensuring they have the coverage they need at prices they want."

Miller said the financing will help the brand continue to invest in their systems, and, more importantly, in their people. "We select the best people to provide our customers with peace of mind knowing that all of their insurance needs are being met by their Brightway agent. We will continue to grow and expand across the country by continuing to make those investments."

SunTrust President & CEO Brian Parks says: "Brightway is a dynamic, growing enterprise and we are pleased to provide the tailored financial solutions that will help them achieve their long-term business objectives."