FIGFCU Protégé Loans | Mentor New Agents | Business Loan
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Farmers Insurance Federal Credit Union

Routing Number: 322077795

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Protégé Line of Credit

Launch Your Farmers Agency Faster

Built from agent and DM feedback with better pricing and competitive options—our newly restructured Protégé Line of Credit was built uniquely for recent graduates of the Farmers Insurance Protégé Program who are opening their own agency and need startup capital to bridge the gap until commissions begin.

Why this LOC

  • Immediate access at graduation to start strong
  • No minimum FICO — we look at the whole picture
  • 90 day payment deferral at the start of the LOC
  • Fixed rates during draw and repayment for predictability
  • Use for what matters most: hiring staff, office setup, marketing, tech subscriptions, licensing, and early operating expenses 

Line of Credit Details:

  • Rates and Amounts: super-competitive rates with generous credit limits to match your launch goals (ask your business consultant for specifics) 
  • Term: 2 year draw period + 5 year repayment period
  • Payments: Required during draw and repayment; 90 day deferral at the start of the line    
  • Repayment Method: Folio deduction required ($1,000+ deposited to FIGFCU checking account AND automatic loan repayment set up required)
  • Collateral: Secured by UCC filing  
  • Fees: $100 non refundable application fee; $250 flat closing fee; $100 UCC fee 

Let us help you ramp up— cover payroll, marketing, rent, technology—whatever helps you open and grow your agency with confidence.

Ready to get started?

Contact Your Business Consultant to learn more and apply.

Not sure who covers your area? Find your territory here to connect and apply.

Membership in Farmers Insurance Federal Credit Union is required. Available exclusively to recent graduates of the Farmers Protégé Program. Subject to credit approval; rates, terms, and conditions are subject to change without notice. The LOC draw period ends 24 months from the agreement date; any remaining balance will be amortized over a 5-year repayment period. Minimum monthly payments are required during the draw and repayment periods. Interest accrues during any payment deferral period and will be due once payments begin. Interest rates are fixed and range from 6.99%-12.99%. The LOC is secured by a UCC filing. The LOC requires a minimum $1,000 Folio Deduction deposit into a FIGFCU checking account and enrollment in automatic payments from that account. No prepayment penalties. Fees: $100 non-refundable application fee; $250 non-refundable closing fee; $100 UCC fee. Federally insured by NCUA.