The lender
Defines the insurance condition and decides whether the policy and assignment evidence satisfy the loan closing requirement.
Washington-licensed guidance
Built around a specific closing problem.
Shoreline helps Washington business borrowers organize lender-requested life insurance and collateral-assignment steps without promising a carrier decision or closing date.
The brokerage
Shoreline Brokerage Services LLC
Shoreline Brokerage Services LLC is a Washington-domiciled insurance brokerage with active Washington insurance producer entity license 1373256.
The site focuses on a narrow borrower need: understanding and coordinating life insurance requested in connection with an SBA or other business loan.
Licensed producer
Samuel G. Johnson
Samuel G. Johnson holds active Washington individual insurance producer license 1363896 and is the designated responsible licensed person for Shoreline.
Licensing can be checked through the Washington Office of the Insurance Commissioner lookup tool.
The carrier
Controls underwriting, product availability, policy issuance, and whether and how its assignment form is recorded.
Shoreline
Helps the borrower clarify requirements, review available paths, and coordinate follow-through among the parties.
Editorial standard
Source-backed, dated, and intentionally narrow.
Borrower articles identify the official sources used, the governing SBA SOP version, and the date reviewed. Content is educational and cannot replace the lender's written condition, the carrier's underwriting decision, or transaction-specific legal and tax advice.
Articles currently reference SBA SOP 50 10 version 8. Version 8.1 is scheduled for a source-by-source content review before it becomes effective October 1, 2026.