Link Finance FAQ: Your Quick Guide to Common Queries

What is Link Finance, LLC (Link Finance)?

Link Finance helps insurance agencies in the state of Massachusetts automate the process of agency billing for certain types of insurance premiums paid by commercial enterprises. 

What product do we offer?

Link Finance offers a payment operations platform that allows agencies to automate the process of agency billing. Our platform streamlines the time-consuming process of invoices, premium financing, commissions reconciliation for the agency, and carrier payables. This is all done in an agency facing digital interface.

What do you mean by automated agency billing and what problem does it solve? 

Automated agency billing refers to the process of using software and technology to streamline and manage billing tasks within an insurance agency. The primary problem that automated agency billing solves for insurance agencies is the inefficiency and potential errors associated with manual billing processes. Traditional manual billing methods often involve a significant amount of time-consuming manual data entry, which can lead to errors, delays, and inconsistencies in billing and financial records. This can result in billing disputes, payment delays, and ultimately, dissatisfaction among clients.

Does Link Finance operate in other states or territories beyond Massachusetts?

No. Link Finance soley operates in the state of Massachusetts, USA. Our goals is to serve our local community the best that we can. 

What types of payments does Link Finance accept?

Link Finance accepts only credit card and ACH paynments.

What are Link Finances base interest rates and transaction fees?

Our base interest rates typically range from 5% to 10%.

Our transaction fees are 3.50% + 30c per credit card transaction, 0.8% up to $5 per ACH transaction.

Does Link Finance charge to use it’s platform?

There is no charge to use the platform.

Is Link Finance Right for You?

If your answer is yes to each of the questions below then we may be right for you!

• • Are you you an independent insurance agency located in the state of Massachussetts?
  • Do you need a partner to help you automate agency billing for your commerial insurance clients?
  • Would you like to improve your agency’s productivity and your customers experience with a simple and effective automated, digital process?
  • Are you interested in a local, personal partnership with a company that will available when you require their support?

Updated: 2/30/2024