Founded in 1984, Prime Rate Premium Finance Corporation, Inc. is a specialty lender that provides financing for insurance premiums. The company partners with independent insurance agents to offer flexible payment plans to individuals and businesses, allowing them to spread the cost of their insurance policies over time instead of paying a large lump sum upfront. As a subsidiary of First Mid Bank & Trust, Prime Rate aims to deliver reliable service, competitive rates, and advanced technology to streamline the premium financing process for both agents and their clients.

Founded in

United States