One of the factors that helps you maintain a positive cashflow in your business is that most of your expenses are paid at regular manageable intervals - payments for salaries, rent, leases, light and heat for instance.
But when it comes to business insurance, paying the full year's premiums in one lump sum can significantly strain your cashflow. With GE's Insurance Premium Finance (IPF) you can pay by the month for all your business insurance and help streamline your cashflow.
Insurance Premium Finance is a method of short-term lending available to businesses with annual insurance premiums of $500 or more. Plus it can assist with funding professional indemnity premiums as well as your general insurance costs.
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No Lump Sum Payments
IPF lets you smooth the cost of business insurance by paying premiums in regular instalments.
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Streamlines Cashflow Planning
A single monthly payment maintains your insurance cover whilst allowing you to plan your cashflow needs easily and accurately.
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Preserves Existing Lines of Credit
Because additional security is not normally required, your IPF facility will not interfere with any other existing or potential financial arrangements of your business.
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Can Be Tax Effective
The interest cost of your IPF facility can deliver tax benefits. Contact your accountant for tax advice.