Premium Finance Loans 

Various loan options, which have varying costs and benefits depending on the financial risk incurred by the lender, are available.  Requirements differ as to the type of collateral posted (cash or equivalent, letter of credit or personal guarantee) and whether interest on the loan is required to be paid current or amortized.  The insured has the option of paying current accrued interest, deferring and amortizing interest over the loan term, or providing varying amounts of collateral for the interest due in the form of either a letter of credit, cash or cash equivalents.  In applicable cases, posting of additional collateral reduces the interest rate of the loan.

Unlike many other premium finance loans on the market, a Ridge Capital Flexible Premium Finance Loan allows the insured to prepay the loan at any time during the financing period, subject only to a schedule of prepayment fees that apply during the early years of the loan.  In the event the insured passes away during the loan term, no prepayment fees apply.  Please contact Ridge Capital Group for specifics on loan terms. 

For more information, visit our resource center to download brochures, or contact Jimmy Trujillo at 858/427-4978 or jtrujillo@ridgecapitalgroup.com.