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
Business Loan Insurance
Businessman and client

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 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
Hands shaking

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
Loan protection

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    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 050 0088

    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 protecting investments whilst ensuring company finances are insured against life’s unforeseen challenges.

    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

    nick@fatgreen.co.uk

    0333 050 0088

    07985 219 763

    Connect with Nick on LinkedIn

    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.

    Nick appreciates how hard it is to appoint exceptional talent, hence the need to reward staff through enhanced benefits such as Relevant Life Insurance. As life is uncertain, Nick is passionate about protecting companies from the financial costs associated with losing a Shareholder or Key Person.

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