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Farmers Insurance Federal Credit Union

Routing Number: 322077795

Female insurance agent helping client

FIGFCU Agent Financing Program

Grow Your Agency With Flexible Financing.

Don’t let a lack of capital limit your objectives. Drive your agency’s growth with the affordable financing you need at low rates and with no application fees or closing costs. Whether you're expanding your book, investing in operations, or acquiring another agency, our FIGFCU Agent Financing Loan and Line of Credit help you move faster and grow smarter.

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Use your Contract Value (CV) to get the funds you need at competitive rates.

No matter which funding solution matches your short- or long-term agency goals, your Credit Union is here to support you on your journey.

Why choose a FIGFCU Agent Financing loan:

  • No application fee
  • No closing costs
  • Fast, simple process
  • Designed specifically for Farmers agents

Use funds to invest in marketing and lead generation, hire and train staff, manage short-term cash flow, or finance an agency acquisition.

Whatever your goals, these affordable solutions provide flexibility to help you move your business forward.

FIGFCU Agent Financing Loan

Get a predictable lump-sum loan with fixed payments to manage expenses while investing in your agency's growth.

  • Borrow up to 100% of your CV
  • Fixed rates as low as 5.99%*
  • Terms up to 7 years
  • Minimum Fico: 600 
  • UCC filing fee: $100

Apply Now

FIGFCU Agent Financing Line of Credit

Access flexible funding whenever you need it to manage cash flow or seize opportunities.

  • Variable rates as low as 7.99%*
  • Borrow up to 35% of your CV
  • Credit limits up to $50,000
  • Minimum Fico: 620 
  • UCC filing fee: $100

Apply Now

FIGFCU Agent Financing Agency Acquisition Loan

Be ready for your next agency purchase with a structured, low-rate loan.

  • Borrow up to 100% of your CV
  • Fixed rates as low as 5.99%*
  • Terms up to 7 years
  • Minimum Fico: 600 
  • UCC filing fee: $100

Apply Now

For business purposes only. Not available for commercial real estate, 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 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): (a)Full Agent Net Check must be directly deposited monthly into a FIGFCU checking account; OR (b) At least $1,000 in monthly direct deposits must be made into a FIGFCU checking account; OR (c) 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.

*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. Approved loans will be charged UCC fees. This is not a commitment to lend. There are no prepayment fees.