Financing for Farmers® Agents
As a Farmers® Agent, you deserve a partner that understands your unique needs. Whether you're growing your business or optimizing cash flow, we’re here to help.
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Not reported on personal credit
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No origination or application fees
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Loan proceeds must be used for defined "Appointment Agreement" purposes.
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Hear back within one business day, guaranteed
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No pre-payment penalties
Prime Agent Loan
Leverage your Contract Value with financing designed exclusively for Farmers® agents. Flexible terms and a quick, easy application process make it the perfect way to access the funds you need to grow your business with confidence.
Borrow up to 90% of estimated Contract Value*
48 to 84 month terms*
Rates as low as
Prime Agent Line of Credit
Better manage your agency’s cash flow. With convenient access to funds, you can borrow only what you need, when you need it and pay interest solely on the amount you use. It’s a smart way to support your agency’s financial stability and long-term growth.
Credit lines up to $50,000*
Rates as low as
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1
Apply online in less than 10 minutes
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2
Review
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3
Approval
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Contract Value Loan:
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. Loans are secured by an agents Contract Value. Rate varies based on the term of the loan. Other terms and conditions apply, see credit union for details. Maximum loan amount not to exceed 90% of available Contract Value, including bonus, for borrowers with 680+ credit score. For a $100,000 Contract Value loan with a term of 84 months at 6.99% the monthly payment will be $1,509. Loan proceeds will be used solely for defined “Appointment Agreement” purposes. Farmers Agent Grade & Maximum Guarantee Amount, as % of Estimated Contract Value: Two Star or Less – 0%, Three Star – 50%, Four Star – 60%, Five Star – 65%, Prime – 90% .
Contract Value Line of Credit:
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. The 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. Loans are secured by an agents Contract Value. Rate varies based on the term of the loan. Other terms and conditions apply, see credit union for details. Maximum credit limit $50,000. Credit Score & Maximum Loan Amount, as percent of Estimated Contract Value: 620 – 649: 20%, 650 – 699: 25%, 700+: 35%. Best rate shown is for an Equifax score of 700+
Rates
| Loan Type | Rate | Terms (months) |
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| Contract Value Loan6 |
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| Contract Value Loan▲,6 |
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| Contract Value Line of Credit ▲,6,7 |
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| Contract Value Loan for District Managers8 |
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| Preferred Agency Staffing Loan9,10 |
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| Office Improvement Loan3 |
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| Business Line of Credit4,5 |
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| Internal Acquisition11 | Contact Us | |
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External Acquisition |
Contact Us |
f - fixed
v - variable
▲ The nominal 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 $15,000 for new computers, including software and peripherals, new office furniture, other business equipment, etc. Borrower is responsible for any UCC filing fees.
4 The nominal rate is variable and subject to change on the first of each month. 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%. 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.
5 Maximum loan amount is $50,000.
6 Loans are secured by an agent's Contract Value. Rate varies based on the term of the loan. Other terms and conditions apply, see credit union for details.
7 Maximum credit limit $300,000
8 Loans are secured by the DMs contract value. Other terms and conditions apply, contact the credit union for details
9 Preferred Agency Staffing Loans are secured by Contract Value. Rate varies based on borrower’s qualifications. Maximum loan amount $15,000.00 per hire / $45,000.00 maximum TOTAL loan amount, not to exceed 80% of available Contract Value. Minimum loan amount $500.00. Existing staff who were hired 90 days before loan application may also qualify. Offer letter, to be provided, must include new hire name and hire date.
10 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.
11 Maximum loan amount not to exceed 80% of the available contract value for borrower with a 680+ credit score. Rates and terms may vary based on a borrower’s credit qualifications.
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.
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