Sacramento Life Insurance: Business Loan Guarantee For Project Continuity Launch
Dec 14, 2023
Leading agency Ornellas Insurance (+1-916-804-9888) has enhanced its executive benefits package, which now includes business loan guarantees.
Woodland, United States - December 14, 2023 /PressCable/ —
CEO Helen Ornellas says this updated plan ensures that should a company owner die or become incapacitated, the policy will cover any unpaid loans. This reduces the company’s exposure to financial risk and prevents disruptions to due cash flow issues.
More information about Ornellas Insurance is available at https://ornellasinsurance.com/executive-benefits/
In addition, having a business loan guarantee as part of life insurance can make it easier for engineering firms to secure loans. This is especially helpful for companies that are looking to expand operations or invest in equipment.
Industry data shows that construction projects in Sacramento and nearby locales amounted to $7.2 billion in 2022 alone. The growing number of available projects provides engineering firms with an attractive opportunity to grow their bottom line.
As often happens, however, engineering firms need to take out a loan to expand their manpower or upgrade their technological capability to complete ambitious projects. Business loan guarantees provide additional peace of mind to principal engineers, as debt repayments won’t have to be taken out of company coffers should an untoward event happen.
Ornellas adds that business loan guarantees are especially helpful for newer construction firms that do not yet have an extensive credit record. With the surety these plans offer, companies can qualify for larger loans than they would otherwise receive.
Customers may personalize their life insurance policy with other benefits such as income protection, buy/sell agreements, and long-term disability coverage, among others. Sales personnel can also assist clients in finding the most cost-effective mix of coverages geared specifically for the engineering industry.
Ornellas says: “Construction is a growth sector in California and we understand that your engineering firm is eager to get a slice of the lucrative pie. For this reason, we offer upgraded plans that help you worry less about debt repayments and focus more on doing outstanding work.”
ABOUT ORNELLAS INSURANCE
The agency has over 20 years of experience in the insurance industry. To date, it has helped over 10,000 individuals and entrepreneurs get affordable yet comprehensive financial protection. It caters to clients throughout California, including Roseville, Folsom, Sacramento, and Fair Oaks.
Prospective clients may visit https://ornellasinsurance.com/executive-benefits/ for further details on the agency’s executive benefits.
Contact Info:
Name: Helen Ornellas
Email: Send Email
Organization: Ornellas Insurance
Address: 239 W. Court Street Bldg. B , Woodland, CA 95695, United States
Website: https://ornellasinsurance.com/executive-benefits/
Source: PressCable
Release ID: 89116366
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