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FARMINGTON, Conn.InsurBanc, a federally chartered savings bank serving independent insurance agents, brokers and their clients, is launching an equipment leasing plan tailored to the needs of insurance agencies and their clients.
The Agents' Express Leasing program is the product of a partnership between Farmington, Conn.-based InsurBanc and equipment financing firm De Lage Landen Financial Services of Wayne, Pa.
Agents' Express Leasing offers terms from 12 to 60 months and is available for equipment such as computers and the software to run them; office technology such as telephones, printers, copiers, fax machines and audio/visual equipment; office furniture and accessories; and commercial automobiles.
The minimum transaction is $5,000, and most equipment leases are available with no money down and 100% financing. Leasing for commercial automobiles includes unlimited mileage terms.
The leasing program allows agencies to structure monthly payments to fit cash flow or seasonal business cycles.
Additional information about the program can be found at www.insurbanc.com.