What is Agricultural Equipment Finance?
Agricultural equipment finance is a type of business loan specifically designed for farmers and agribusinesses to purchase or lease equipment used in their operations. The loan can cover the cost of new or used equipment, as well as related expenses such as installation, training, and maintenance. The financing can be structured in various ways, depending on your business's needs and circumstances.
Types of Agricultural Equipment
Tractor and Attachments Finance
Tractor and tractor attachment financing deals allows farmers and agricultural businesses to acquire the necessary equipment for their operations without incurring the full cost upfront. Options for financing tractors and tractor attachments include loans and leases, both for new and used equipment
Harvester and Header Finance
Harvester finance can provide farmers with the funds needed to purchase new or used equipment, and may include flexible repayment terms to fit the seasonal nature of farming
Quad Bike Finance
Quad bike finance deals can help you get the quad bike you need without breaking the bank. With flexible repayment options and competitive interest rates, you can hit the road (or off-road!) with ease
Mower Finance
Mower financing options include loans and leases that can help make the purchase more affordable, with repayment terms that fit your budget and needs. If you're looking to invest in a new mower or upgrade your current equipment, mower financing can help you get the job done
Irrigation Equipment Finance
Irrigation equipment finance is a type of financing used to help farmers and agricultural businesses purchase the necessary equipment to irrigate their crops and fields
Seeding and Planting Equipment Finance
Seeding and planting equipment finance is a type of financing used to help farmers and agricultural businesses purchase the necessary equipment to seed and plant their crops
Sprayer Equipment Finance
Sprayer equipment finance is a type of financing used to help farmers and agricultural businesses purchase the necessary equipment to spray their crops and fields with pesticides or herbicides
Tillage Equipment Finance
Tillage equipment finance is a type of financing used to help farmers and agricultural businesses purchase the necessary equipment to till their land and prepare it for planting
Can't See Your Asset?
Whether you're a new or established farmer, we're here to help you get the farm equipment you need. Our farm equipment financing solutions include low interest rates, flexible terms, and options for both new and used equipment. Contact us today to learn more about our agriculture equipment finance options
The benefits of agricultural equipment finance
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Flexibility: Businesses can choose the repayment terms and frequency that best suits their needs and budget.
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Preservation of cash flow: Rather than tying up a significant amount of capital in purchasing equipment outright, businesses can keep cash flow intact by spreading the cost over time.
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Tax advantages: In the case of a chattel mortgage, businesses may claim tax deductions on the interest and depreciation of the equipment, while repayments for leases and rentals may also be tax deductible.
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Up-to-date equipment: With regular upgrades and replacements, businesses can ensure they have the latest and most efficient equipment.