Zurich North America Unveils FinanceSuite Product Line for Small Business Customers

July 18, 2003

Zurich North America announced the launch of the FinanceSuite(tm) product on the Business Finance Center website.

The Business Finance Center is an online commercial lending marketplace where the Zurich network of independent agents can send their small business customers to negotiate and secure small business loans, commercial real estate loans and equipment lease financing. The FinanceSuite products are designed to simplify, standardize and facilitate the application, proposal, due diligence and funding processes, enabling businesses and lenders to do business faster, more effectively and at lower cost.

“FinanceSuite is a major enhancement to the Business Finance Center because it offers customers more flexibility in meeting their commercial financing needs,” said Bob Coppersmith, vice president, financial solutions with Zurich Small Business.

Three versions of FinanceSuite are available through the Business Finance Center – FinanceSuite Basic, FinanceSuite Deluxe and FinanceSuite Professional. FinanceSuite Basic provides easy-to-use tools for preparing loan packages that can be reviewed and transacted by the borrowers’ own lending network. FinanceSuite Deluxe enables customers to create, organize and store all their business information in a private vault using a Digital Loan File, and then access more than 150 lenders, including banks, Wall Street firms, insurance companies, finance companies, financial institutions and private investors. FinanceSuite Professional is designed for those borrowers who prefer to have Business Finance Center professionals manage the entire process for them. FinanceSuite pricing is based on the requested loan amount and product version used.

“The FinanceSuite virtually eliminates the intensive paper, faxing, phone and postage charges associated with preparing a loan package,” noted Coppersmith. “And, when lenders compete to provide rates and terms, businesses are more likely to get attractive financing that fits their needs. Agents who refer business customers to the Business Finance Center are entitled to a referral fee when their customers successfully obtain financing through our Web site.”

For more information about the FinanceSuite online tools, agents should visit the Business Finance Center linked to the Online Services/Brokers & Agents section of the Zurich North America Web site (www.zurichna.com).

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