Insurance Premium Funding – offers Payment Flexibility

Premium Funding allows businesses to pay their insurance premiums monthly
This gives smoother business cash flow by spreading their insurance premium over monthly instalments.
Benefits are:

• Insurance costs can be spread over monthly instalments similar to rent and lease costs
• The small interest charge is tax deductible
• The product gives an additional line of credit, which does not affect existing arrangements or covenants in place with other credit providers such as banks and finance companies
• Simple one page application (prepared by your insurance Broker or Representative)
• Frees up working capital to reinvest back into your business
• No ‘bricks & mortar’ security or guarantees required from you
• Interest is fixed for the term of the loan
• Payments come out of the nominated bank account monthly by direct debit