Ready For Opportunity
Equipment, expansion, cash flow, or the unexpected, we’ve got you covered.
Fixed Or Variable Rate Options
Choose the structure that fits your budget.
Personalized Support
A team that helps you find the right fit.
When you run a business, agency, practice, or firm, opportunity doesn't always wait for the perfect cash flow moment. And when capital is limited, even the right next step can feel harder than it should. That's where we come in. Our Business Fixed and Variable Rate Loans offer the predictability of a fixed rate or the flexibility of a rate that moves with the market—with clear terms, personalized service, and a team that helps you move forward.
Ready to take the next step?
Explore our Business Loan options below, then contact us today.
Financing for businesses like yours.
Our business lending solutions can help support:
- Practice or office expansion
- Equipment purchases or upgrades
- Technology and software investments
- Business renovations
- 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 business financing can help you plan your next move.
| Business Fixed Term Loan | Business Variable Rate Loan |
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Finance planned purchases, upgrades, or growth with fixed or variable rate options designed around your business needs.
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Give your business room to move with a variable rate loan that starts lower than a fixed rate.
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Rates shown are the lowest available. Annual Percentage Rates (APR) for qualified borrowers and are subject to credit approval, underwriting criteria, collateral, requirements, creditworthiness, and program availability. Variable APRs may increase after consummation.
Business Fixed and Variable Rate Loan FAQs
A business loan provides a one-time lump sum of funds that your business repays over a set term with scheduled payments, with fixed or variable rate options depending on your loan. It's a smart choice for planned expenses, larger purchases, or longer-term business investments.
You can use a business loan for equipment, inventory, business improvements, technology upgrades, working capital, expansion, or other business needs that help you keep moving forward.
A business loan is best for a specific purchase or planned expense—you receive funds upfront and repay them over time. A business line of credit is best for ongoing or changing needs, since you can access funds as needed, up to your approved credit limit. Interest only accrues on what you use, so until you need it, it’s simply there as a safety net.
Loan amounts vary and may depend on creditworthiness, business financials, collateral, loan purpose, and other underwriting criteria. The minimum for either our Business Fixed Rate or Variable Rate loan is $10,000.
The rate for our Business Fixed Rate loan is as low as 7.99% APR. The rate for our Business Variable Rate Loan is as low as 7.75% APR. Rates vary by product and may depend on loan type, credit profile, term, collateral, and other factors. Variable APRs may increase after consummation.
Yes. The Business Loan (Fixed and Variable) has a $250 non-refundable application fee and closing costs across all products are 1% of the total loan amount, up to a maximum of $2,500. Any additional applicable fees will be clearly disclosed before you finalize your loan.
Yes, there's a minimum FICO® Score of 680 for all products mentioned above. Approval also depends on business history, income, debt obligations, collateral, and overall creditworthiness.
Yes, a business membership is required. You can join during the Business Loan application process. Contact a business banking relationship manager or a business banking support specialist team to get started. Or call 866.755.0628.
To open a business membership, you may need to provide business and personal information, business financials, tax documents, and ownership details. View the business membership documentation list by clicking here. Additional documentation may be requested for your Business Loan application. A business banking relationship manager or a business banking support specialist can help you get started. Or call 866.755.0628.
What makes us different is the relationship, not just the rate. Your business banking relationship manager stays with you throughout the life of the loan, not just at closing, so as your business changes, they already understand the context.
Getting started is easy. Click the Inquire Now button and complete and submit the form. Your business banking relationship manager or a business banking support specialist will follow up with next steps. Or call 866.755.0628.
* For business purposes only. Not available for personal, family, or household purposes. Membership eligibility and credit approval required. An active FIG Credit Union business membership with a $5 minimum deposit required to establish and maintain membership, are required.
Rates shown are the lowest available rates as of September 22, 2026 and are subject to change. Fixed-term loans are available at rates as low as 7.99% APR. Variable-rate loans are available at rates as low as 7.75% APR and are subject to change in accordance with the applicable loan agreement. Actual rates and terms are based on creditworthiness, loan term, collateral, and other applicable underwriting criteria.
Minimum loan amount is $10,000. A minimum FICO® Score of 680 is required. A $250 non-refundable application fee applies. Closing costs are 1% of the total loan amount, up to a maximum of $2,500. Additional fees may apply and will be disclosed, as applicable, before closing. Payment of an application fee does not guarantee credit approval. This is not a commitment to lend.
For business purposes only. Not available for personal, family, or household purposes. Membership eligibility and credit approval required. An active FIG Credit Union business membership with a $5 minimum deposit required to establish and maintain membership, are required. Loan approval, rates, terms, loan amounts, collateral requirements, and fees are subject to applicable underwriting criteria and program requirements. This is not a commitment to lend.
For Farmers Agents: For the duration of the loan, loan payments must be made through Folio Deduction. In addition, the borrower must maintain one of the following: (1) the full Agent Net Check must be directly deposited monthly into a FIG Credit Union Business Checking account; (2) at least $1,000 in monthly direct deposits must be made into a FIG Credit Union Business Checking account; or (3) an amount equal to three times the monthly loan payment must be maintained in a FIG Credit Union Business Membership Savings account and may be restricted from withdrawal. All applicable folio, commission, bonus, and other payments from Farmers Insurance Group of Companies must be remitted through a FIG Credit Union Business Checking account.
For all other eligible businesses: For the duration of the loan, loan payments must be made through ACH automatic payment. In addition, the borrower must maintain either (1) at least $1,000 in monthly direct deposits into a FIG Credit Union Business Checking account or (2) an amount equal to three times the monthly loan payment in a FIG Credit Union Business Membership Savings account, which may be restricted from withdrawal.
Variable-rate loans are based on the Wall Street Journal Prime Rate plus an applicable margin and may change in accordance with the loan agreement. Application, closing, UCC, and other applicable fees may apply and will be disclosed, as applicable, before closing. Payment of an application fee does not guarantee credit approval. No prepayment penalty applies.