The cost to professional firms of PI insurance cover continues to rise sharply. Loans to finance these premiums are now available from most asset finance lenders. They are designed to help ease the impact of the increased premiums on your cash flow through a tailored funding solution that allows you to spread repayments over 12 months.
The loan is available for any amount upwards of £10,000 and you can select either a fixed or variable rate. The application process is normally straightforward and security is not normally required for the loan.
Key Features and Benefits of PI Premium Loan
- Easier budgeting with agreed payment structure
- Helps cash flow, releasing additional working capital for your business
- Loans repayable over 12 months, paid either monthly or quarterly, with fixed or variable interest rate options
- Loans normally provided on an unsecured basis
- Simple documentation with no financial covenants
- No need to change your main banking arrangements
For more information email Paul Sargent or call on 020 7467 4000.