Business Loan Protection

If a director arranges a commercial loan, there may be a requirement for a director’s personal guarantee secured against assets, e.g. a family home or business premises.

Business Loan Protection insurance provides your business with a financial lifeline that covers loan repayments following a director’s death or diagnosis of a critical or terminal illness.

No Obligation Consultation

Do I need Business Loan Insurance?

Following the death or incapacitation of a director who secured a loan with a Director Personal Guarantee, lenders may harbour concerns about the future stability of a business. If lenders are concerned about the business’s future, they may renegotiate loan repayments or trigger an immediate repayment demand.

Renegotiating business loan repayments typically incurs expensive interest. If a business is experiencing declining revenue, it may lack the financial strength to shoulder increased debt.

If the company cannot repay the debt, personal guarantees may be enforced on the business or surviving family requiring the sale of assets such as a family home or business premises.

The financial pressure exerted on the company or spouse can be unbearable, especially during grief following loss of a business partner and or loved one.

Business loan protection helps mitigate this pressure with a cash lump sum payment which helps cover loan repayments and shields your business and family from financial disruption.

No Obligation Consultation

Benefit of Business Loan Protection Insurance

Following the loss of a director who secured a commercial loan, business loan protection insurance can pay a cash lump sum following a successful claim.

Cash can help pay off or reduce existing business loans or pay back Directors’ Loan Accounts and business overdrafts.

Premiums are payable by the business, and the policy pay-out is typically tax-free. Business loan protection offers cost-effective access to capital, helping management pay off or reduce debt following the loss of a director.

For more information on our business loan protection policies, please complete the short form below, and a member of our team will contact you to discuss your requirements.

No Obligation Consultation

Have You Considered Adding Executive Income Protection?

If you or a partner, shareholder or Key Person suffered a heart attack, stroke or cancer and survived, but required an extended period of sick leave, they and your business could benefit from Critical Illness.

Following diagnosis and successful claim, Critical Illness cover would pay a cash lump sum to the policy holder helping alleviate any undue financial pressure.

Your No Obligation Consultation

Should you wish to learn how Business Loan Protection Insurance can benefit your company, please:

  • Complete the short form below
  • Email us at protect@fatgreen.co.uk
  • Call on 0333 050 0088

We look forward to hearing from you.

No Obligation Consultation
nick green

peter@fatgreen.co.uk

0333 050 0088

07866 751 415

Connect with Peter on LinkedIn

Peter Blacklock
Peter is one of the UK’s leading Insurance and business advisory specialists with a track record of building and selling Insurance businesses.

He advises boards and investors in the capacity of CEO, C.A.P.O.W. Consulting, drawing on three decades of experience. Peter’s knowledge of Insurance is unrivalled having had extensive exposure to personal, family and business protection insurance.

Peter is passionate about the North of England and a life-long Sunderland fan and sports coach.

nick green

Anny Lian

anny@fatgreen.co.uk

0333 366 0988

07908 355 781

Connect with Anny on LinkedIn

Anny was an Investment Banker and CFO of a high-growth company working across Asia, America and now Yorkshire.

With a background in Finance, Anny understands the importance of financial planning and the value of saving and investments while putting together optimal protection plans for businesses, families and individuals.

Anny is also passionate about empowering women financially and boosting women's financial confidence and financial literary.

As an active member of the UK SME sector, Anny accepts invitations to encourage and mentor aspiring future female business leaders.

nick green

Nick Green

0333 366 0988

Connect with Nick on LinkedIn

Nick is the Practice Lead for C-Suite and Private Equity with Nigel Wright, a leading recruitment agency.

At heart, Nick is an entrepreneur who has co-founded two companies, including Fatgreen. Fatgreen arrange Business Protection insurance solutions for SMEs, Private Equity and Venture Capital Investors.

Prior to co-founding Fatgreen, Nick spent two decades in Executive Search, providing recruitment solutions for Investment Banks, Private Equity firms and their portfolio companies. Having dealt with people all his career, he understands the intrinsic link between creating financial value and people.

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