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Forum nameFinancial Feast
Topic subjectRE: "Business loan insurance"
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17, RE: "Business loan insurance"
Posted by ciliciafunding, Sun Aug-13-06 07:46 AM
Loan or credit insurance is an instrument for lenders and compnies with significant accounts receivable use to minimize their risk. I don't know what your premium will be, but we pay about 0.28% of our portfolio, and the rate is adjusted every quarter. Is someone having you buy the insurance to qualify for a loan?