Maintaining cash flow in your business is one of the prime objectives in planning for future growth.
Insurance premiums are often one of the largest lump sum payments that can effect the cash flow of any business. Lump sum payments can force businesses to direct capital away from other investment areas which may be vital to the future of the business.
Through our premium funding facility your insurance premiums can now be spread over monthly payments throughout the year.
What is Insurance Premium Funding?
Insurance premium funding simply allows individuals and businesses to spread insurance costs over an extended period up to 12 months
These are the benefits to you:
Working Capital - funds are retained in the business to work for you rather than a loss of funds outright from which no return is available.
Cash Flow - ability to regulate the spread of outgoings to a level to suit your business commitments.
No Additional Guarantees - security is taken over the insurance policies. Thus no additional guarantees are required. Assets are left free for other business needs.
Alternate Credit Facility - premium financing is another form of credit available to your business.
Tax Deduction - instalments, including interest, are tax deductible.
Importantly, documentation is simple and straight forward and your involvement is quick and easy.
Should you wish to discuss this facility further please contact us.
