Protégé Graduate Loan

You’re an inspiring entrepreneur and you’ve successfully completed the Protégé Program. Congratulations, a job well done! Keep the momentum going with our Protégé Graduate Loan. Our program will lend up to $10,000 for whatever needs your new business requires. Apply today and hear back within two business days, guaranteed.

Borrow up to $10,000**
36 Month Term
Not reported on personal credit

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Choose Your Loan Term

Rates as low as

9.74 % APR*

All Rates

Loans for Farmers® Agents and District Managers

Loan Type	APR	Terms (months)
Contract Value Loan^4,6	as low as 5.99% f	up to 180
	as low as 8.74% v	up to 180
Contract Value Line of Credit^4,6,7	as low as 9.74% v	up to 120
Contract Value Loan for District Managers⁸	as low as 7.49% f	up to 120
Leads Loan ¹⁰	as low as 7.49% f	6
Preferred Agency Staffing Loan⁹	as low as 7.49% f	60
Office Equipment Loan³	as low as 6.99% f	up to 48
Smart Office Loan	as low as 8.99% f	up to 60
Business Line of Credit^4,5	as low as 11.50% v	up to 60
Protégé Graduate Loan ¹¹	as low as 9.49% f	36

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 - For agents who have successfully completed the Protégé program in the Farmers Insurance Group model. *$10,000 available to borrowers with 640+ credit score. **APR (Annual Percentage Rate). Quoted rate is for borrow with a B or better credit score.

If you are in the market for a credit union that understands our business, understands how we run our agencies, and understands the complex needs we face as agency owners, I highly recommend NW Preferred.
Teresa Fierro - Farmers Agent, WA

*Disclosures

For agents who have successfully completed the Protégé program in the Farmers Insurance Group model.

*APR (Annual Percentage Rate). Quoted rate is for borrow with 640+ or better credit score.

**$10,000 available to borrowers with 640+ or better credit score.

Protégé Graduate Loan

Jumpstart Your Business

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*Disclosures

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