Partner with Westfield Bank to develop a customized premium finance program to best meet the needs of your commercial clients and agency. Our dedicated team at Westfield Bank understands that each insured has unique financial needs. As a result, we’re able to make the process easier for you by providing direct access to decision makers. We make it simple and fast to complete transactions with real-time quoting, funding within 48 hours of a signed finance agreement, and customized payment plans
How it works
Our Premium Financing provides your agency with funds to cover the insured’s commercial insurance premiums. The insured conveniently makes payments back in monthly installments to cover the costs.
Standard Loan Structures*:
- 25/9 - 25% down payment; 9 monthly payments
- 40/3 - 40% down payment; 3 quarterly payments
- 30/8 - 30% down payment; 8 payments for Commercial Auto (filings)