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Farmers Insurance Federal Credit Union

Routing Number: 322077795

Female insurance agent helping client at desk

Insurance Agency Acquisition Loans

Financing Built For Your Next Agency Opportunity

Our Insurance Agency Acquisition Loans is made for insurance agents looking to expand through acquisition and want financing with flexible terms and straightforward pricing.

Now you can purchase, expand, or invest in your book of business, while supporting balanced portfolio concentration.

If you're a Farmers, Allstate, or independent insurance agent, access to fast, flexible financing can make the difference between winning or missing your next deal.

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Made for Farmers, Allstate, and independent agents.

We work with agents across captive and independent models, including:

  • Farmers agency acquisitions
  • Allstate agency purchases
  • Independent agency transitions and roll-ups

You don’t need to wait years to accumulate capital, this program helps you leverage your current earnings to grow faster.

Why insurance agents choose this financing.

We understand how agency economics works, renewals, retention, commissions, and growth potential. That’s why Insurance Agency Acquisition Loan is built around your real-world needs:

  • Competitive fixed rates as low as 8.49%*
  • Terms up to 15 years to support long-term cash flow
  • Minimum FICO® Score: 680
  • No prepayment penalties. Other loan terms (including rate adjustments if fees are financed) may affect total cost.
  • Applicable fees:
    • Non-refundable loan application fee: $250
    • Loan closing fee of 1% of the total loan amount, up to a maximum of $2,500 (If loan closing fees are financed with the loan, there is a 1% rate increase.)
    • UCC filing fee: $100
    • Additional fees may apply and will be disclosed prior to closing.

 

What you can use the loan for.

From acquisitions to expansion, the Insurance Agency Acquisition Loan is built to help you grow faster and smarter.

  • Purchase an existing insurance agency
  • Buy a book of business
  • Partner buyouts or internal succession
  • Expand your current agency footprint
  • Refinance higher-cost acquisition debt

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For business purposes only. Not available for personal, family, or household use. Membership required. Interest rates vary based on creditworthiness and loan structure. All rates, fees, and terms will be disclosed prior to loan closing. 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): (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. 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): (a) At least $1,000 in monthly direct deposits must be made into a FIGFCU checking account; OR (b) 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. 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.