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Need Life Insurance for an SBA Loan? 

Lions Financial compares life insurance rates from highly-rated life insurance companies on your behalf. See your quotes  Instantly! 

Life insurance is often thought of as a personal finance tool, but it can also be used to secure a small business loan. Life insurance policies can be used as collateral for loans, providing the lender with a source of repayment in the event of the borrower’s death. This can be especially useful for small businesses, which may not have the same access to capital as larger businesses. Life insurance can provide peace of mind for both the borrower and the lender, and it can be a key component of a successful small business loan.

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Life Insurance Requirements When Getting an SBA Loan
Life Insurance

Life Insurance Requirements When Getting an SBA Loan

  As a business owner, you are required to purchase life insurance as part of a loan agreement. This life insurance policy will serve as ...
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Financial and Insurance Requirements for SBA Loans
Life Insurance

Financial and Insurance Requirements for SBA Loans

Introduction SBA loans are generally small business loans that the US government offers as partial guarantors. Small Business Administrations offer these loans and are usually ...
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Life Insurance

Guidelines for Collateral Assignment of Life Insurance

Lions Financial provides comprehensive guidelines for the collateral assignment of life insurance. The collateral assignment involves using a life insurance policy as collateral for a ...
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The Tax Considerations For Life Insurance Premiums Under Collateral Assignment For Business Bank Loans
Life Insurance

The Tax Considerations For Life Insurance Premiums Under Collateral Assignment For Business Bank Loans

    Would the premiums be considered tax deductible?   As a general rule, premiums paid under a life insurance policy are not an allowable ...
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Process For A Business To File A Life Insurance Claim
Life Insurance

Process For A Business To File A Life Insurance Claim

1. Contact the insurance agent or company You can either ask the agency directly or contact the insurance company They will provide details on how ...
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Should you consider an Asset Based Loan for your business
Life Insurance

Should you consider an Asset Based Loan for your business?

What is an Asset-Based Loan? An asset-based loan (ABL) is a type of business financing that is secured by company assets. Most asset-based loans are ...
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