Grow your agency
A TPP loan is an option we provide exclusively to Allstate agents.
Use your loan to improve your office, manage cash flow, acquire other books of business, and more.
We want you to succeed
Interested in growing your agency? Want to hire staff, renovate your office or consolidate business debt? You can cover pretty much any business expense with our TPP loans, and we offer great rates and generous terms – but no application fees! We’ve been serving people in the insurance business for over 80 years. We understand the ins and out of your industry, but as a not-for-profit our only goal is to help you succeed.
Borrow up to 75% of available TPP**
Terms up to 180 months***
No application or annual fees
No pre-payment penalties
Rates as low as
Monthly Payment
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1
Apply online in less than 10 minutes
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2
Review
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Approval
I just wanted to let you know that I am more than happy with the treatment I have received from NW Preferred regarding my TPP loans. They have all been completed seamlessly and NW Preferred was a superstar. I will definitely recommend to my fellow agents.
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*APR (Annual Percentage Rate) **Loans secured by Termination Payment Provision (TPP). Maximum loan amount not to exceed 75% of TPP for borrower with a 680+ credit score. ***$100,000 TPP loan with a 180 month term at 8.99% APR will have a monthly payment of $1,014. Other fixed rate options available, with terms up to 180 months. Rate varies based on loan term and borrower’s qualifications. All services offered by the Credit Union shall be subject to applicable laws of the State of Oregon, federal laws and regulations, Credit Union bylaws and all regulations, rules and practices now or hereafter adopted by the Credit Union. All loans subject to credit approval. Other terms and conditions apply, fees and other costs may apply; i.e. Allstate processing fee of $1080, etc. Contact the Credit Union for details.
Rates
| Loan Type | APR* | Term (months) |
|---|---|---|
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TPP Loan1,2 |
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Office Equipment Loan3 |
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Office Improvement Loan |
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Business Line of Credit4,5 |
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Leads Loan6 |
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f - fixed
v - variable
Rates and terms may vary based on a borrower’s credit qualifications. All loan rates are determined by Credit Union management and subject to change at any time. The Credit Union may offer other rates in the future. All services offered by the Credit Union shall be subject to applicable laws of the State of Oregon, federal laws and regulations, Credit Union bylaws and all regulations, rules and practices now or hereafter adopted by the Credit Union. All loans subject to credit approval.
1 Loans are secured by an agent’s TPP. Other terms and conditions apply, Fees and other costs may apply; i.e. Allstate processing fee of $750, etc. Contact the Credit Union for details.
2 Maximum loan amount is $500,000.
3 Borrow up to $50,000 for new computers, including software and peripherals, new office furniture, other business equipment, etc. Borrower is responsible for any UCC filing fees.
4 The Annual Percentage Rate is variable and subject to change on the first of each month. The quoted rate is established by adding a factor (based on borrower’s credit profile) to the 26-week Treasury Bill rate, rounded up to the nearest ¼%.
5 Maximum loan amount is $50,000.
6 90-day deferment period followed by a 6-month amortization period. The deferral period will only apply to the first installment for loans funded under this program.
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