Preserve your cashflow
Cash flow is the life blood of any business.
So for some businesses it may be better to preserve that cash flow and spread insurance premium payments over time by paying in instalments.
Steadfast brokers can not only find you the right insurance, they can also arrange funding for insurance premiums through specialist premium funding companies.
You can match insurance payments to your cash flow, and interest costs are usually tax deductible.
We find credit for your insurance costs
Steadfast brokers have access to a number of premium funders who can arrange funding through reputable providers. If you use this option, the funding will have no impact on existing banking or credit facilities, the insurance policy acts as security for the finance.
There is also the option to fix interest costs to protect against interest rate changes and to stabilise repayments at a predetermined level.
One such provider is Macquarie Pacific Funding (MPF), which is a 50-50 joint venture between Macquarie Group and Steadfast.
In March 2013 MPF was transformed into one of the largest premium funders in Australia when it acquired Pacific Premium Funding and added a further $600 million in policy funding.
MPF provides a higher and dedicated level of service to Steadfast brokers and offers very competitive rates to clients.
In 2014-15, MPF arranged A$1.3 billion in premium funding for small to medium enterprises.