A loan for success
Ready to grow? Purchase another agency, hire more employees, or cover other key business expenses.
Designed specifically for agents
If you’re in need of a flexible, reasonably priced, you’ve come to the right place. Our Agency Business Loan was designed specifically with insurance agents like you in mind. Use it for a wide variety of business expenses, including acquisitions, business development, cash flow management, or improvements to your office. We have both standard loans available, as well as lines of credit for maximum flexibility.
Loans up to $200,000
Terms up to 120 months
No pre-payment penalties, monthly audits, or annual fees
A flexible loan for almost any business expense
Rates as low as
Monthly Payment
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Apply online in less than 10 minutes
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Review
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Approval
NW Preferred is like having a financial business partner sitting with you at the table. They listen to our needs and help determine the best way to achieve our goals. Once decisions are made, they help get the deal done in a matter of days, not weeks or months. We appreciate their commitment to our business.
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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.
Maximum loan amount is $200,000.
Loans are secured by an agent’s book of business. Other terms and conditions apply, see credit union for details.
Rates
| Loan Type | APR | Terms (months) |
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Agency Business Loan9,10 |
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Agency Business Loan9,10 |
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Agency Business Line of Credit▲,9,10 |
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Office Equipment Loan3 |
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Office Improvement Loan |
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Leads Loan11 |
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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.
â–² The quoted rate is established by adding a margin to the Prime rate. Rates vary based on term of loan. Other terms and conditions apply, see the credit union for details.
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.
9 Maximum loan amount is $200,000.
10 Loans are secured by an agent’s book of business. Other terms and conditions apply, see credit union for details.
11 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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