Business Loan Protection

Business loan protection can be used to provide a sum to a company in the event of a key person suffering a critical illness or passing away. That lump sum can then be used to pay off the loan and ensure business continuity.

What are the benefits of
business loan protection?

If a key person should suffer a serious illness or pass away, it can lead to financial difficulty for the company, in some cases to the closure of a business. A business protection loan would enable the company to repay any outstanding debt. In some cases, a personal guarantee is also provided to the lender, such as a family home. A business protection loan would ensure your family l are not affected, should the bank look to repossess the house to cover the debt.

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Once complete, you will be able to download our Mortgage Protection Insurance Guide.

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