Business Secured Loan
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Save on Your Loan Rate: Enjoy a special 2% discount when you set up Direct Deposit and automatic payments—simplify your banking and boost your savings!
Farmers Insurance Federal Credit Union

Routing Number: 322077795

Man smiling about loan

Business Secured Loan

One Simple Loan. Many Uses.

Agents rely on us for financing for many needs—startup expenses, expansion, marketing, staffing, consolidation, and so much more.  

And our multi-purpose Business Secured Loan allows agents to receive an exceptional-value “Swiss Army Knife” loan that provides low-cost, flexible financing in one convenient package. 

  • Terms up to 84 months
  • Borrow up to $100,000
  • Fixed rates as low as 12.74% APR*
  • Variable rates as low as 12.74% APR*
  • UCC Lien required for this loan
  • Line of credit also available

 

Spend less time searching for financing, and more time growing your business.
Questions?  Please reach out to your Credit Union Business Consultant, or call 800.877.2345.

Apply Now

*APR=Annual Percentage Rate. Rate shown is FIGFCU’s preferred rate, based on credit worthiness and minimum FICO Score. Other Rates and terms may be available and may change at any time, without notice, and are subject to credit approval. The quoted preferred rate reflects 2.00% Discount: In order to qualify for the 2.00% discount, agent/borrower must maintain Direct Deposit/Net Check going into their FIGFCU Checking Account (either High Yield or CashBack) in the amount of $1,000.00 or more monthly and Automatic Payment/Folio Deduction for the entirety of the Loan, if either feature is discontinued, the 2.00% discount will be forfeited.

SEPTEMBER/ OCTOBER 2024 DIRECT DEPOSIT / 2% LOAN DISCOUNT PROMOTION:  Up to 2.00% APR (Annual Percentage Rate) discount on qualifying loan is for a current or newly established minimum of $1,000 monthly Direct Deposit into a Farmers Insurance Federal Credit Union Checking Account and Automatic Payment Deduction as a repayment method to qualify. Offer subject to change or cancellation at any time. Direct Deposit loan rate discount available if at a time prior to loan funding (a) Member has a current or newly established recurring monthly Direct Deposit of at least $1,000 from net pay, pension, or government benefits, and (b) Member is obtaining a FIGFCU loan. Maximum available loan rate discount of 2.00% if Member is eligible to combine Direct Deposit discount with other available discount a maximum of 2.00% shall be applied. If Direct Deposit stops before loan is paid off, loan interest rate will increase by 2.00%. Other restrictions may apply. All loans are subject to credit approval. Rate and terms are subject to change without notice. 

Promotion Offering applies only to Consumer accounts, which must be in good standing. Guardian, rep payee or executor, collections charge-off, business, and/or organizational accounts are ineligible. Must be 18 years of age or older. FIGFCU reserves the right to end or modify this promotion without notice. Member cannot take advantage of this promotion more than once. Promotion cannot be combined with any other account promotion for a discount over 2.00% APR. Visit figfcu.org for account details, minimums, and fees. Federally insured by NCUA. Subject to employer and/or payer terms and conditions. FIGFCU will generally post payroll Direct Deposits on the day they are received, other exceptions may apply. PROMO Period: September 3, 2024, until November 27,2024. (Terms updated 10/10/24). Signature Loans, Business Signature Loans, and Agency Acquisition Loans are not eligible for refinancing.
Available to new and existing Members who apply for eligible loans during the promotional period. Direct Deposit/Folio Direct Deposit into a FIGFCU Checking account (either High Yield or CashBack) in the amount of $1,000.00 or more monthly and Automatic Payment/Folio Deduction to the loan is required. Loan and checking accounts with Direct Deposit must be under Primary Membership. Checking/Direct Deposit can NOT be to a joint Checking account under a different membership. Signature Loans, Business Signature Loans and Agency Acquisition Loans not eligible for refinancing. Refinance Fees are as follows: Vehicle Loans – $200 refinance fee unless $4,000 in new money is added to the loan. Agency/Business Secured Loans – $400 refinance fee unless $10,000 in new money is added to the loan. Home Equity Loans/HELOC’s – $500 refinance fee for loans booked within the last 12 months unless $20,000 new money is added to the loan. Interest rate shown on final loan disclosures will be the higher rate prior to the discount. Loan will be booked with the lower discounted rate. Direct Deposit Addendum will be signed with closing loan disclosures.