Principal Finance was established in 1985, initially providing equipment finance for the automotive industry. Following rapid success in this area, the range of commercial equipment we financed grew exponentially to include anything from computers to cappuccino machines.
In 1996, Mr David Palyga was appointed to manage the day-to-day operations of the company. It was around this time that the Directors of Principal Finance identified several new products that would complement the lending criteria the company had set.
The following year Principal Finance released its insurance premium funding product. Our market share grew rapidly as the industry embraced the unique features we incorporated into our facility and recognised our commitment to quality service. Principal Finance has remained a leader in innovation and service in premium funding.
Over this time we also developed a range of fee funding products, which were well-received by the market and are growing steadily. |
