FAQ - frequently asked questions
Financing
  • 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.
Website
  • I am trying to login and it keeps on giving me this error:
    "We cannot process your request. Possible reasons:
    • Your browser is not configured to accept cookies.
    • You are trying to access your finance company through an invalid link or favorite.
    • The finance company you are trying to access is not yet configured
    Please try again by starting from your Finance Company's homepage."
    Possible reasons why this shows up:
    1. Account number & zip code does not match in our system when you try to register.
    2. There is already an existing username in the system for the account (Only 1 username for any account).
    3. Username & password does not match. Try the "Forgot username/password?" link.
    4. The password must be:
    a. at least 8 characters in length
    b. contain at least 1 numeric character
    5. When you try to login, the password is case sensitive.

For any questions, click here to contact us.