Split your insurance payments over the year.

So what is Insurance Premium Funding?
Insurance premium funding is essentially a loan that will help you manage the cash flow in your business by allowing you to split your  insurance premiums, over a 12 month period rather than in one lump sum. Your insurance premiums can range from a couple of hundred dollars to tens and thousands of dollars depending on the industry that you’re in. Some industries will only let you pay your insurance premiums in one lump sum. So what the lender will do is lend you the full insurance premium, they will pay this to your insurer and in turn, you will pay back this loan to the lender over a year.

The benefit of this that your cash flow in your business won’t be greatly impacted in that particular month.

The Growfinity team.

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