Contract Value Loan for District Managers

Empower your agencies

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Why choose NW Preferred?

However you want to grow your district or improve your agency force, our contract value loan for District Managers will suit your needs. These loans are great for hiring staff, cash flow management and office improvements. Best of all, we offer a special lower rate for District Managers only!

Borrow up to 75% of available Contract Value*

No pre-payment penalities

Not reported on personal credit

Use the funds for whatever business purpose you want

Rates as low as *

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Loan Amount

Choose Your Rate (APR)

Choose Your Loan Term

Hear back within one business day

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Apply online in less than 10 minutes
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Approval

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"We appreciate the personalized service we receive from everyone at NW Preferred FCU! They understand our business needs and address them quickly. Thank you always for your quick response."

Rob Irwin, Farmers District Manager Member
"What a fantastic organization to work with. They helped me grow my business from an agent to a district manager. It’s almost scary how easy you can get money!"

Ron Nation, Farmers District Manager Member
"Working with NW Preferred has been an absolute pleasure! I have never dealt with a financial institution that is as responsive, thorough, and quick to do business with. They are my go to choice for business needs!"

Wilber Rendon, Farmers District Manager Member

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 the DMs contract value. Other terms and conditions apply, contact the credit union for details

Maximum loan amount not to exceed 75% of Contract Value for borrower with a 680+ credit score

Rates

Loans for Farmers® Agents and District Managers

Loan Type

Rate

Terms (months)

Contract Value Loan⁶

Contract Value Loan^▲,6

Contract Value Line of Credit^▲,6,7

Contract Value Loan for District Managers⁸

Preferred Agency Staffing Loan^9,¹⁰

Office Improvement Loan³

Business Line of Credit^4,5

APR^*

Internal Acquisition¹¹

External Acquisition

f - fixed

v - variable

*APR=Annual Percentage Rate.

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 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 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.