Registration & Insurance Premium Funding
This is a short-term loan (usually 6-12 months) to spread the cost of annual insurance premiums and vehicle fleet registrations (with a ‘common due-date’) over monthly instalments, to reduce the impact on cash flow.
Loans are secured against cancellable insurance policies or vehicle registrations up to $500,000.
Generally no Directors’ guarantees are required on loans for cancellable policies and registrations up to $500,000, or non-cancellable policies up to $350,000.
Financial Statement assessment is required for cancellable insurance policies / registrations up to $500,000
and non-cancellable insurance up to $250,000.