Premium Funding
We are pleased to offer you a convenient option to pay your annual policy by monthly installments, giving you a cash flow effective, tax deductible, cost benefit.
Conserve Your Cash Flow
Financing your insurance premiums eliminates the up front outlay of cash and allows you to spread your insurance payments over a period of time. By improving your cash flow you can apply more cash to income generation.
Access An Additional Line Of Credit
Premium funding acts as an additional line of credit. It does not disturb your established borrowing arrangements and may even allow you to reduce your existing line of credit.
No Additional Guarantees
Security is taken over the insurance policies, so that no additional guarantees are required. Again, insurance funding helps you free assets for other business activities.
Balance Sheet Benefits
Insurance funding allows companies to record the transaction as a pre-paid asset, rather than a liability – having a positive impact on the Balance Sheet.
Tax Deductibility
The interest charge on your insurance funding is tax deductible. As a result, the after tax interest rates reflect competitive market borrowings.