SANTA ROSA, Calif. – Redwood CU said its Redwood CU Insurance Services CUSO has launched a premium financing program last week, allowing small businesses the ability pay insurance costs over time.
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The offer is meant to help fund large upfront payments or consolidate bills for businesses with multiple policies. Participants can finance bills between nine and 12 months and are required to pay at least 10% of the premium up front. Annual interest rates range between 8% and 9.75%. The deal is available for transactions of $500 or more.
The Redwood CUSO also sells a full line of personal and business insurance products.
