The cost of a premium funding program can often be fully offset by the more productive use of funds in the business that would otherwise be used for up front insurance payment.
When insurance premiums are paid in full 12 months in advance, those funds are “tied up”. A funding facility allows those funds to be spread over a 10 month period thus creating a better cash flow situation.
The advantages are:
- Improve your business cash flow
- Free up working capital
- Interest costs are usually tax deductible
- No monthly account keeping fees
- Competitive interest rates and terms
Please contact your BJS Account Manager for more information.