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Farmers Insurance Federal Credit Union

Routing Number: 322077795

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Business Loans And Business Line of Credit

Financing Built For Professional Businesses

Built for business

Support for working professionals.

Loan or line of credit

Choose what fits best.

Personalized support

Guidance from real people.

Inquire Now



When you run a business, agency, practice, or firm, opportunity does not always wait for the perfect cash flow moment. You may need to upgrade equipment, cover operating expenses, hire support, expand your space, invest in technology, or simply create more breathing room between receivables and payables.

But when access to capital is limited, even the right next step can feel harder than it should. And for busy business owners, a complicated lending process creates one more thing to manage when your time is already stretched.

That is where Farmers Insurance Federal Credit Union can help.

Our Business Banking Loans and Business Lines of Credit are designed to give professional businesses flexible, practical financing options for today’s needs and tomorrow’s plans. We offer business lending solutions with clear terms, personalized service, and a team with insights to help you move forward with confidence.

Ready to take the next step?

Explore your Business Loan and Business Line of Credit options below, then contact us today. 

(Clicking contact us opens an email to our business lending team. Add a brief note about your business loan needs. Send it, and we’ll be in touch.)

Financing for professional businesses like yours.

Our Business Banking solutions can help support:

  • Practice or office expansion
  • Equipment purchases or upgrades
  • Technology and software investments
  • Working capital needs
  • Payroll or operating expenses
  • Business renovations
  • Marketing and growth initiatives
  • Cash flow gaps between receivables
  • New service lines or business opportunities

Whether you’re growing your team, upgrading your tools, or simply creating more breathing room in your budget, the right financing can help you make decisions with greater confidence.

Why choose Farmers Insurance Federal Credit Union?

Our team brings a helpful, practical approach to business lending. We know that small business owners have competing demands and responsibilities, and we aim to make the process as clear and straightforward as possible. You can expect attentive support, thoughtful guidance, and a lending experience focused on your business goals.

Business Loan

Finance planned purchases, upgrades, or growth with fixed or variable rate options designed around your business needs.

  • Fixed rate as low as 7.99% APR*
  • Variable rate as low as 7.75% APR
  • Terms up to 60 months
  • Minimum loan amount: $10,000
  • 680 minimum FICO® Score
  • Fees:
    • $250 Application fee (non-refundable)
    • Closing Cost: 1% of total loan amount up to $2,500

Inquire Now 

This button opens an email to our business lending team. Add a brief note about your business loan needs. Send it, and we’ll be in touch.

Business Line of Credit

Access flexible funds when cash flow needs, operating expenses, or new opportunities come up.

  • Variable rate as low as 8.50% APR*
  • 24-month term
  • Minimum credit line: $10,000
  • 680 minimum FICO® Score
  • Fees:
    • $250 Application fee (non-refundable)
    • Closing Cost: 1% of total loan amount up to $2,500

Inquire Now 

This button opens an email to our business lending team. Add a brief note about your business loan needs. Send it, and we’ll be in touch.

Rates shown are the lowest available rates and are subject to credit approval, underwriting criteria, collateral, and creditworthiness.

Business Loan and Business Line of Credit FAQs

What is a Business Loan?

A Business Loan provides a one-time lump sum of funds that your business repays over a set term with scheduled payments. Depending on your loan, fixed or variable rate options may be available. It can be a smart choice for planned expenses, larger purchases, or longer-term business investments.

What can I use a Business Loan for?

You can use a Business Loan for expenses such as equipment, inventory, business improvements, technology upgrades, working capital, expansion, or other business needs that help you keep moving forward.

What is a Business Line of Credit?

A Business Line of Credit gives your business access to funds up to an approved credit limit. You can draw from the line as needed, repay what you use, and access available funds again during the draw period without having to reapply for additional funds.

What can I use a Business Line of Credit for?

A Business Line of Credit can help with cash flow, seasonal expenses, short-term operating costs, inventory, unexpected expenses, new opportunities, or timing gaps between payables and receivables. You only borrow what you need when you need it.

What is the difference between a Business Loan and a Business Line of Credit?

A Business Loan is typically best for a specific purchase or planned expense because you receive funds upfront and repay them over time.

A Business Line of Credit is typically best for ongoing or changing needs because you can access funds as needed, up to your approved credit limit.

How much can I borrow?

Loan and line of credit amounts vary by product and may depend on creditworthiness, business financials, collateral, loan purpose, and other underwriting criteria. See the product details above for current borrowing limits.

What are the rates?

Rates vary by product and may depend on loan type, credit profile, term, collateral, and other factors. Business Loans may offer fixed or variable rate options. Business Lines of Credit have variable rates based on the Wall Street Journal Prime Rate plus a margin.

Are there any fees?

Fees may vary by product. Any applicable application fees, origination fees, or other costs will be clearly disclosed before you finalize your Business Loan or Business Line of Credit. There is $250 non-refundable application fee for the Business Loan (Fixed and Variable) and the Business Line of Credit. Closing costs for all products described above is 1% of the total loan amount with a maximum of $2,500.

Is there a minimum FICO® Score requirement?

Yes, there is a minimum FICO® Score of 680 for all products mentioned above. Approval may also depend on business history, income, debt obligations, collateral, and overall creditworthiness.

Do I need to be a Credit Union Member to apply?

Yes, membership is required. If you are already a Member, you can apply as a current FIGFCU Member. If you are not yet a Member, you can join during the application process by opening a Membership Savings Account with a minimum $5.00 deposit.

What information may be needed to apply?

You may need to provide business and personal information, business financials, tax documents, ownership details, and information about how the funds will be used. Additional documentation may be requested during underwriting.

How do I apply?

Getting started is easy. Select Inquire Now to open an email with a pre-filled subject line. Add a brief note about your business loan needs, send it to our business lending team, and we’ll follow up with next steps.

Inquire Now

*For business purposes only. Not available for personal, family, or household use. Membership required.

APR (Annual Percentage Rate) will be disclosed at the time of approval and prior to consummation. Rates vary based on creditworthiness and product type.

For Farmers Agents:
The following requirements must be maintained for the duration of the loan:

(1) Required Payment Method:
Loan payments must be made through Folio Deduction.

(2) Additional Requirement (choose one):

  • Full Agent Net Check must be directly deposited monthly into a FIGFCU checking account; OR
  • At least $1,000 in monthly direct deposits must be made into a FIGFCU checking account; OR
  • An amount equal to three (3) times the monthly loan payment must be maintained in a FIGFCU savings account and may be restricted from withdrawal.

In addition, all folio, commission, bonus, and other payments owed by Farmers Insurance Group of Companies must be remitted through a Credit Union checking account.

For all other businesses:
The following requirements must be maintained for the duration of the loan:

(1) Required Payment Method:
Loan payments must be made through ACH automatic payments.

(2) Additional Requirement (choose one):

  • At least $1,000 in monthly direct deposits must be made into a FIGFCU checking account; OR
  • An amount equal to three (3) times the monthly loan payment must be maintained in a FIGFCU savings account and may be restricted from withdrawal.

The interest rate shown is FIGFCU’s current interest rate, based on credit worthiness. Variable rates are tied to a published index and may change after consummation based on market conditions. Variable rates are based on the Wall Street Journal Prime Rate plus a margin, and may adjust periodically in accordance with loan terms. Other rates, fees, costs, and terms may be available and are subject to change prior to final loan approval. Minimum and maximum credit limits apply based on underwriting guidelines. Lines of credit are subject to periodic review and may be modified, frozen, or closed based on account performance or credit status. During the draw period, monthly payments may be interest-only. The outstanding principal balance will be due in full at maturity (balloon payment).

This loan is subject to fees, costs, and approval. The loan is subject to a non-refundable application fee. A non-refundable application fee is required and will not be refunded regardless of approval outcome. Approved loans will be charged UCC fees and closing costs. The amount of your closing cost will be dependent upon the amount of your loan. An itemized estimate of closing cost will be provided prior to loan closing. Borrower agrees that the application fees must be paid prior to the application being processed. Payment of Loan Application Fees is not a guarantee of credit approval. This is not a commitment to lend. There are no prepayment fees.

Farmers Insurance Federal Credit Union is an Equal Opportunity Lender. Federally insured by NCUA.