Premium Funding
Payment of insurance premiums annually in advance can place a financial strain on any business
In the current economic climate it is imperative that you optimise credit terms, allowing expense to be managed in the most efficient manner.
Spreading the cost of insurance premiums through a structured monthly repayment program produces the following benefits:
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Preserves existing lines of credit for traditional working capital requirements
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Assists cash flow management
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Premiums are a business expense, thus interest costs are tax deductible
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Creates a separate line of credit
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Premium financiers require no physical security. Their security takes the form of a lien over the unexpired portion of your insurance premiums.
Please advise our office if you require a quotation to fund your premiums.