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Preferred Agency Staffing Loan

Get money to hire staff

For agents looking to staff up their agency, we offer a lower rate and cheaper alternative by leveraging their Contract Value.

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Staff up for success

You can borrow up to $15,000* for each producer you wish to hire. Payments are deferred for the first 90 days. Giving you ample time to get your producers actively selling and paying for themselves! 

Vector (1)

$15,000 per hire ($45,000 max)

Vector (1)

60 month term

Vector (1)

Payments deferred for 90 days

Vector (1)

Easy underwriting process

Vector (1)

Not reported on personal credit

Hear back within one business day

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    Apply online in less than 10 minutes

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    Review

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    Approval

Apply Now

I want to thank everyone at NW Preferred for all the help they’ve given myself, my family, and most importantly my insurance agency. The finances that they provided me has helped me expand my business and hire staff. They gave us many different options and even went out of their way to make it as easy as possible.

— David Nunez, Farmers Agent

Farmers Agent

  • *APR (Annual Percentage Rate). Quoted rate is for borrower with a 680+ credit score. 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. Other terms and conditions apply, see Credit Union for details.