There are several steps involved in the formation of a premium finance captive. The first requirement is to choose the name of your company. Once you have chosen the name of your captive, we will incorporate the the new premium finance entitity. State capitalization requirements vary from state to state. If your state has certain capitalization requirements, they can be fufilled once the state has approved your premium finance license. This process can take as little as 90 days. The final step is procuring the line of credit, unless you are self-funded or using private investment. The best source for establising a line of credit is your banker. Typically, your banker is familiar with your agency and should somewaht understand your your business model. We can provide assitance in generating a business plan for your banker and we are also open to meeting with your banker so we can help them understand the nature of a Captive Premium Finance Company. In the event that your bank is not interested, we can introduce you to our network a credit facilities that may be interested in providing a line of credit for your Captive Premium Finance Company. Self funding and private investment are also vialbel soruces