Beyond the USDA programs,there are several other farm equipment financing options:Captive finance companies — These are financing companies set up as an arm or branch of a farm equipment dealer or manufacturer. They will offer you financing options on their own products when you acquire them,similar to a car dealership. …Bank loans — Just as with other business loans,many banks offer financing for agribusiness with competitive rates. …More items

Where can I get used farm equipment financing?

Ag Equipment Finance – Used Farm Equipment Financing With Lower Down Payments Available Nationwide. Simple Fast Ag Equipment Financing Programs. The process to apply and complete your purchase is the easiest in the industry. AEF delivers a proven alternative for farm equipment financing in today’s market.

How long does it take to get a farm equipment loan?

Check your loan rate today without impacting your credit score! The farm equipment loan application process takes about two minutes to complete, and if you qualify, you can receive up to $500,000 in as little as 48 hours.

How can national funding help your farm?

National Funding has helped over 40,000 businesses, including farms, get the equipment financing they need to keep operations moving. Let our Funding Specialists create a customized equipment financing solution for all of your farm and ranch equipment needs.

Can you get a loan for livestock equipment?

Ranches, dairies and other livestock operations can especially benefit from agricultural equipment loans. Many operations install livestock equipment all at once, so items begin to show wear around the same time as well. Leasing new livestock equipment helps you replace older equipment and provide for your farm operation.

Why is farm equipment important?

Farm equipment in good working condition is essential to keep your operation running. If equipment isn’t operating correctly, you won’t be able to get in the field when the timing is right. A late planting from compromised equipment can lead to a shorter growing season and lower yields. While equipment is necessary to any farming operation, …

What is leasing farm equipment?

Leasing new or pre-owned farm equipment is an accessible option for many farms. If you have multiple pieces of equipment that need to be replaced, you can reduce costs by leasing instead of buying. Ranches, dairies and other livestock operations can especially benefit from agricultural equipment loans. Many operations install livestock equipment all at once, so items begin to show wear around the same time as well. Leasing new livestock equipment helps you replace older equipment and provide for your farm operation. National Funding is a leader in farm equipment finance with low monthly payments and multiple loans and lease options.

Why National Funding?

National Funding has helped over 40,000 businesses, including farms, get the equipment financing they need to keep operations moving. Let our Funding Specialists create a customized equipment financing solution for all of your farm and ranch equipment needs.

Can you deduct 100% of equipment costs in the same year?

The Section 179 deduction allows most farmers to deduct 100% of their equipment costs in the same year. When financing, depreciation is based on the term of the lease so you can speed up depreciation an enjoy tax write-offs.

Is it cheaper to lease farm equipment?

While equipment is necessary to any farming operation, it isn’ t always affordable . When you need to replace or upgrade equipment on the farm, consider farm equipment leasing to save your business money.

Farm Equipment Financing

With over 40 years of experience providing equipment financing support to business owners looking to start or grow their farms, Charter Capital has a deep understanding of the entrepreneur’s experience.

Applying for Farm Equipment Financing

We know that finding funds to obtain your agri-business equipment can be challenging, especially as farm machinery costs can run up to hundreds of thousands of dollars. This is why we created easy to fulfill and reliable financing programs that can be tailored to suit your requirements.

Should You Buy or Lease Farm Equipment?

If you have a more established business with predictable operational needs, it makes sense to buy your machines outright in cash or through equipment financing. This applies to agricultural machinery that have a long useful life that you foresee taking advantage of for the next 10 years.

Easy Farm Equipment Financing With Charter Capital

We’ve helped hundreds of agricultural entrepreneurs find the right financing products to either start a new business or scale their current operations. We know that farm machines are expensive, but we also know that there are easy and affordable ways to get small businesses the equipment they need without stripping their bottom line.

What is AEF for farming?

AEF is a great alternative for farmers looking to buy Used Farm Equipment with a lower down payment. From Zero to 10% Down Payment Options AEF can help you hang on to some of your cash.

Can you finance farm equipment?

Absolutely! No matter if you are working with a non-franchised Farm Equipment Dealer or a larger Corporation we can provide Used Farm Equipment Financing.

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How much is a microloan FSA?

In addition to larger loans for land purchase or facility construction, FSA offers a microloan program with low-interest loans of up to $50,000, more flexible eligibility requirements, and shortened application and processing time

What is a microloan for a farm?

Microloans can be used for start-up expenses, annual supply costs, marketing costs, purchase of equipment and livestock, farm improvements, hoop houses, irrigation, delivery vehicles, etc.

What is a beginning farmer?

A beginning farmer or rancher is an individual or entity who: Has not operated a farm or ranch for more than 10 years. Meets the loan eligibility requirements of the program to which he/she is applying. For farm ownership loan purposes, does not own a farm greater than 30 percent of the average size farm in the county.

How long do you have to be a farmer to get a loan?

All applicants for direct farm ownership loans must have participated in business operation of a farm for at least 3 years. If the applicant is an entity, all members must be related by blood or marriage, and all stockholders in a corporation must be eligible beginning farmers.

Why is a vendor more liberal than a commercial bank?

If purchasing equipment or supplies (machinery dealers, a farmer selling animals, etc.) ask the vendor about their credit options and terms, as they may be more liberal than a commercial bank because they can easily seize and make use of the asset if payment is not made. Again, be sure you know the interest rates and term.

Do banks have commercial loans?

Most banks have a commercial lending department to handle business loans, but few banks have an agricultural lending department prepared to work with agricultural business. Check with your bank to see if they write agricultural loans (most will if you have a Farm Service Agency or Small Business Administration guarantee).

Larry L

I would like to thank AEF for their help with all my equipment purchases. My requests have had their full attention and they are great to work with. When I have had a question or need I have received a response within minutes by text, email or phone call.

Tracy C

We have worked with AEF on many transactions over the past few years and cannot say enough about their prompt service, quick turnaround times, and delivering on what they say. When it comes to financing our equipment, their process is simple and fast.

Wayne N

Having many successful transactions with AEF we appreciate their fast service. It’s nice to have an alternative financing option for our customers that is easy, fast, and works well. We highly recommend looking at AEF; their programs are simple and their service is great.