Internal Acquisition Loan

If you’re a Farmers® agent looking to purchase another Farmers® agency, we have a program for you.

Borrow up to 80%* of your available Contract Value (including bonus) + up to 80%* of the available Contract Value of the book you wish to purchase
Terms up to 180 months**
Borrow up to an additional $75,000 maximum as a separate acquisition loan

Hear back within two business days
Fast and easy application
No prepayment penalties
Business debt not reported on personal credit

Hear Back Within One Business Day

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Approval

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Rates as low as

6.49% APR*

All Rates

Loans for Farmers® Agents and District Managers

Loan Type	APR	Terms (months)
Contract Value Loan^4,6	as low as f	up to 180
	as low as v	up to 180
Contract Value Line of Credit^4,6,7	as low as v	up to 120
Contract Value Loan for District Managers⁸	as low as f	up to 120
Leads Loan ¹⁰	as low as f	6
Preferred Agency Staffing Loan⁹	as low as f	60
Office Equipment Loan³	as low as f	up to 48
Smart Office Loan	as low as f	up to 60
Business Line of Credit^4,5	as low as v	up to 60
Internal Acquisition¹¹	as low as 6.49% f	up to 180
External Acquisition	as low as 10.25% f	up to 180

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.

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 - 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.

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. For a $100,000 Contract Value loan with a term of 180 months at 9.24% APR the monthly payment will be $1029.

When I first started the acquisition process, I didn’t know where to look… NW Preferred truly understood the acquisition process, and they were able to work with me in a timely fashion. They were extremely flexible, and willing to get creative in looking for ways to approve the loan. I would recommend them to any agent looking to acquire an agency.
Austin Carter, Farmers Agent

*Disclosures

*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. 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. **For a $100,000 Contract Value loan with a term of 180 months at 9.24% APR the monthly payment will be $1029. *

Internal Acquisition Loan

Purchase a Farmers® Agency

Hear Back Within One Business Day

*Disclosures

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