First Insurance Funding

FIRST Insurance Funding is an insurance premium finance company and a division of Lake Forest Bank & Trust Company, N.A., a Wintrust Community Bank. It lends against property and casualty policy premiums so a commercial insured can pay monthly instead of in one annual lump sum.

The business is sold through agents and brokers rather than direct to the insured. Agencies set up rates and terms with a relationship manager, quote and book loans through the FIRST InSite portal, and can name FIRST as their primary funding source; insureds then log in to see their own loan. Beyond premium finance, the Wintrust relationship lets FIRST offer agency perpetuation and acquisition lending, treasury management, corporate plan services, capital leasing, and life insurance premium financing.

Loans are available in all 50 states, Puerto Rico, Guam, and the U.S. Virgin Islands, with a separate Canadian arm. The company reports more than $18 billion in loans financed annually, more than 35 relationship managers, and more than 300 employees across offices in Northbrook, Illinois; Islandia, New York; and Newport Beach, California.

Rates and terms are personalized to the agency, and the site states that all approvals are subject to underwriting guidelines and that program rates, terms, and conditions can change at any time. The site also describes the company as headquartered in Chicago while listing Northbrook as its main address, so confirm which office handles your account.