Business Loan Protection

 

When a business has loans or debtors, the ability to repay these will be hampered if a key person or director who guaranteed them becomes seriously ill or dies. Some of these loans will have personal guarantees from the directors and their family home could be at risk if the debt cannot be paid by the business.

In the event of a key person in the business dying or becoming ill, a loan may have to be repaid at short notice, and the money may not be available.

An insurance policy designed to repay that debt should the worst happen gives peace of mind, protecting the business assets, and personal guarantees of the directors.

The policy could be used for an overdraft, loan or commercial mortgage and should be for the entire sum owed that had been guaranteed by the ill or deceased director.

Copyright © 2018 Quartz Financial Services Limited. All Rights Reserved

VouchedFor rating and reviews for Melinda Bush, Dartford

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Quartz Financial Services Ltd is an appointed representative of New Leaf Distribution Ltd which is authorised and regulated by the Financial Conduct Authority Number 460421.

Registered Office 1st Floor Princess Caroline House, 1 High Street, Southend on Sea, Essex, SS1 1JE.

A typical fee for arranging your mortgage is £595, however, a fee of up to 1% of the mortgage amount may be charged.

Quartz Financial Services Limited, registered in England & Wales No. 09497195. Registered Office: The Base Dartford Business Park, Victoria Road, Dartford, Kent DA1 5FS. Telephone 01474 887948.  Financial Conduct Authority Number 591061.

To view our Privacy Statement please click here.

This site is only directed at persons within the UK. Calls may be recorded for training and monitoring.