• How does premium financing compare with bank financing?
SBAC does not require compensating balances and premium financing usually doesn't disturb existing credit arrangements. We are able to access funds at market cost. Our rates are comparable to rates in the short term market and are both attractive and competitive.

• Is this a process that requires extensive documentation?
No. Most premium finance loans are documented by a simple two-sided agreement.

• Is premium financing a recent innovation?
No. The premium finance industry has existed since the mid 1950's and is stringently regulated under the statutes of more than 40 states in the United States.

• Is the interest on my loan tax deductible?
Yes in most cases, but a professional accountant can provide full details.

• Can the loan be repaid earlier than the final due date?
Yes - and there are no penalties for prepayments.


For any questions, please do not hesitate to contact us.