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Frequently Asked Questions

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How will my insureds benefit from Insurance premium financing? right caret icon

It allows them to better manage their insurance expense, making it more affordable. Paying in installments allows them to use their cash flow for other needs without using lines of credit or borrowing methods. Besides, our interest reates are usually better than traditional lending lines.

How do I benefit from Insurance premium financing? right caret icon

Insurance premium financing makes insurance more affordable for you insured, thus relieving the resistance to purchase the coverage they need. By offering them an installment option other than direct bill or agency bill, you maintain control of your insured’s accounts and alleviate your agency of additional work while getting your commissions in full at the beginning of the policy.

What is the benefit of financing accounts receivable? right caret icon

Accounts receivable financing provides growth capital as borrowers can borrow immediately on sales.

How can asset based loans be used? right caret icon

Asset based lending solutions are used by companies that are experiencing rapid growth, high leverage, turnaround or bankruptcy, operating losses (pre-profit), minimal or deficit net worth, tax problems or a blemished credit history. Asset based loans can be earmarked for working capital, to fund a merger and acquisition, to address debt consolidation, and many other financial situations.

How does asset based lending differ from traditional bank financing? right caret icon

Asset based lending analyzes the quality and performance of the underlying collateral and then considers the borrower’s financial condition, ownership/management, and overall business circumstances. Traditional bank financing is based on anticipated cash flow and often requires more stringent financial requirements and loan covenants from the borrower.

What are Triumph Commercial Finance’s credit requirements for obtaining financing? right caret icon

At Triumph Commercial Finance we view every customer through a unique lens. While some institutions may turn you away because of a blemished past, we take an organic look at your business history, credit score and secured assets. Where others see risk, we see opportunity.

Which industries does Triumph Commercial Finance offer financing for? right caret icon

Triumph Commercial Finance focuses on financing transportation, construction and Environmental equipment.

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