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Contract Value Loan

Build your business

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Why choose NW Preferred?

A Contract Value Loan lets you borrow against your Contract Value. It’s a unique loan that few credit unions or banks offer—or know how to handle correctly. Fortunately with us, you’re in good hands. We know the insurance industry in and out, and we have over 80 years of history lending to Farmer’s® agents. Because of our unique understanding, we can offer you better rates and terms than almost anywhere else. The loan itself comes with numerous advantages. You can use it to grow your business, or even to handle personal expenses, without having to worry about effecting your personal credit report.

  • Borrow up to $2,000,000+ (75% of contract value + bonus)
    • Terms up to 180 months
  • Lines of credit available up to $300,000
  • Use the funds however you want. Grow your business, hire staff, consolidate debt, etc.
  • Business debt not reported on personal credit report. 

Hear back within two business days

Fill out a quick online application to find out if you’re eligible for approval. We’ll then need a copy of your Contract Value Report and previous year’s tax returns – if applicable.

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Monthly Payment

$
%

Rates as low as

4.24 % APR*

All Rates

I have never been so happy dealing with a financial institution in my lifetime. NW Preferred and its people were a dream to work with! I was approved for a Contract Value loan that was 3x the amount my company credit union would do. In less than a week, I had the funds in my account! Thank you so much

Bill, Farmers Agent

*Disclosures

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.

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 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%.

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 $300,000