If you own a premium finance company or you’re an agent trying to start one, you know how hard it is to get business while watching borrowing and overhead costs grow in an increasingly soft and very competitive market.

That’s why FIRST created FIRST Portfolio Partnership. Now, premium finance companies or agencies like yours can concentrate on getting more business and leave the hassles of day-to-day premium finance administration to FIRST.

So why partner with FIRST?

Get all your money up front—
And get it to work for you. Don’t wait until the premium finance agreement is completely paid off before you get all of your finance charge income. By originating finance agreements and assigning them to FIRST, you earn all of your income immediately. You can then put that income to work for you and your company.

Get out of the collections business—
And reduce your risk. By using FIRST as your funding and servicing partner, you pass responsibility for collections and (almost all) risk to us. Our full funding and servicing package allows you to assign loans to us on a non-recourse basis. Once you assign the loan to FIRST, your involvement is over. The collections responsibility and risk then become ours.

Get the funding you deserve—
And that banks have been denying you. It’s getting harder and harder to gain funding for your business. Many banks will no longer provide lines of credit to premium finance companies and those that do charge you rates that keep you from being competitive. FIRST offers you competitive rates and flexible funding options.

Reduce your operating costs
If you choose FIRST as your funding and servicing partner, you will dramatically reduce your expenses by leaving the operations to us. Your only operating expenses will be those you incur to sell and grow your business. Isn’t that what you’d rather do instead of servicing, billing and collecting?

Download FIRST Portfolio Partnership Brochure

If you are interested in this program, please contact us.