Farm equipment financing is available through our equipment financing network and can be arranged in the form of a loan or lease financing solution.

With farm equipment, there can be several different financing options to consider as agricultural equipment financing is a large industry with many lenders and leasing companies committing part of their available funds to this type of borrowing or leasing.

Most farm equipment manufacturers will offer some form of in house equipment financing solution, whether it will be through their own financing arm or through a third party arrangement of some sort.

And while the posted effective interest rate for manufacturer based financing can be very attractive, its going to be important to understand the cost of acquisition from the manufacturer or dealer with and without their financing as the net difference on the pricing of the asset can be substantial.  Put another way, a cash purchase can be considerably different from an in house financed purchase.  So if you’re getting the financing somewhere else, even at a higher interest rate, the net cost to you can be considerably cheaper at times, so its important to do the math before deciding on a manufacturer’s financing option.

Farm equipment financing options will also vary with the size of the capital requirement, the type of equipment, the time in business, and so on.

With respect to capital requirements, there are agricultural financing companies that will not consider any request under $250,000 and there are others that won’t look at anything over $150,000.  So its going to be important to make sure you’re speaking to a farm equipment financing source that is best suited for the overall requirements of any specific financing request.

Farm Equipment Financing Approvals
Can Secured Very Quickly

Especially for equipment leasing requests under $100,000, farm equipment loans and leases can be arranged within a day or two of a financing company receiving a completed application package.

For larger financing requests, the time period may be extended by a few extra days as its not unusual for a lender or leasing company to require more than one level of deal review for larger requests.  But even for larger deals, the process is most often completed within one year of application.

Used farm equipment financing can also be arranged through both licensed dealers and private resellers.

The process for used equipment funding can also take a bit longer as the lender will typically do a market value assessment of the asset as well as perform background checks for registered security in the case of a private sale.

Equipment loans through banks will typically take the most time due to the nature of how banks manage these applications.  That being said, the extra application time can be well worth it as banks and other main stream financial institutions also provide some of the lowest rates on equipment financing in the market.

The key to any farm equipment financing process is working with the lender or leasing company that can best meet your requirements in the time you have to work with.

If you have a farm equipment finance requirement, I recommend that you give us a call so we can quickly go through your situation with you and discuss available financing options.

Click Here To Speak To An Equipment Financing Specialist For All Your Farm Equipment  Financing Requirements

The post Farm Equipment Financing first appeared on Canadian Equipment Financing.

Do You Need To Finance a New or Used Farm Tractor?

Farm Tractor financing is provided through a host of manufacturing and private agricultural equipment financing sources.

Its not unusual for most major equipment manufacturers to have a farm tractor financing program for both new and used equipment that falls under their brand names.  Some will even financed used equipment their dealers have taken in as a trade in.

While many of these program provide excellent rates and terms, it still a good idea to do some comparison shopping.  The main reason being is to better understand the total effective net cost of your purchase.

In some cases dealers will increase the cost of the asset to offset the reduction in financing costs offered.  If you’re overly focused on rate, you can end up spending a lot more on the asset than perhaps you could on the open market using an alternative financing source.

Most equipment financing and equipment leasing companies will be interested in financing farm tractors as they tend to be solid long life assets with a strong resale market.  That being said, there can be wide differences between the different deals each equipment financing company is prepared to offer due to the type of the asset, the size of the financing request, the credit profile of the borrower, and so one.

So its a good idea to work with an equipment financing specialist who can quickly assess your needs and get you matched up with lenders or leasing companies that will be able to provide a competitive offer for what you’re looking for.

Get Farm Tractor Financing That Meets Your Needs

Equipment financing for new equipment can be at or near 100% of the cost of the tractor being acquired.  For good used equipment, the rates can be slightly higher with more down payment required, and shorter repayment terms, but this will depend on the asset in question.

Because there can be such a large range in the cost of farm tractors, the will also be a varying appetite for any given deal by different equipment financing companies as many are restricted by deal size, either too big or too small.

If you have a farm tractor that you’ve got lined up to purchase, I recommend that you give us a call so we can quickly assess your requirements and help you put together a proper application package for the particular lenders or leasing companies your request for financing will be sent to.

Regardless if you’re just starting the buying process, got an accepted offer or bid in hand, or have already purchased a farm tractor for cash, I still recommend that you give us a call as we can help you locate and secure equipment financing for any of these situations.

Click Here To Speak To An Equipment Financing Specialist For All Your Farm Tractor Financing Needs.

The post Farm Tractor Financing first appeared on Canadian Equipment Financing.

Do You Need To Finance New or Used Forage Harvesting Equipment?

Forage harvesting equipment can be financed through an equipment loan or an equipment lease through the financing programs offered by our lending and leasing sources.

For new forage harvesting equipment purchases, the equipment financing can be at or near 100% of the purchase price.  With new equipment, the financing percentage will vary with the age and remaining useful life of the the asset or assets in question.

But even for used equipment, the rates and terms can be very similar to what you can get for new in many cases.

Its also not uncommon for agricultural equipment financing to be done in the form of an equipment lease due to the different flexibility a lease can afford the borrower or lessee.

For example, if you have a large tax position and want to increase the amount of deductible expenses you have, a short term operating lease may be an option to accelerate the write down of  the asset.  Or if you have a cash flow crunch in the near term, you could also look at an operating lease with a larger balloon payment at the end of the repayment term in order to minimize your monthly cash outlay.

From an equipment financing prepayment point of view, both equipment loans and equipment leases can be structured for monthly, quarterly, semi-annual, and even annual payments.  This will vary with the type of equipment, amount of financing required, and the financing profile of the borrower or lessee.

Get Forage Harvesting Equipment Financing That Meets Your Needs

For situations where you want to purchase the asset at the end of a lease term for a nominal purchase price, a capital lease would likely be the best fit and would function very similarly to an equipment loan in terms of repayment and accounting treatment of the financing and the payments made.

In order to determine if a forage harvesting equipment loan or lease, and the different terms and conditions you can choose from, is the best fit for your situation, the best thing to do is to speak with an equipment financing specialist and go through your requirements with him.

If you have a unit already picked out and need to get the financing in place, give us a call so we can quickly assess your requirements and provide you with the best available equipment financing options for your consideration.  Once you decide on program that fits your needs, we will help you get a representative application together and get it submitted right away to the financing companies so no time is wasted in getting the financing arranged.

Click Here To Speak To An Equipment Financing Specialist For All Your Forage Harvesting Equipment Financing Needs.

The post Forage Harvesting Equipment Financing first appeared on Canadian Equipment Financing.

Do You Need To Finance A New Or Used High Clearance Sprayer?

High Clearance Sprayers can be financed via loan or lease from a number of different financing and leasing sources we work with.

Because of the potential long term useful life of the asset, there are lots of strong financing opportunities for used high clearance sprayers as well.

The key difference between new and used, at lease in the current market, is that new equipment can be financed at or near 100% of the cost of the asset in some cases, where most used high clearance sprayers are going to need a down payment from 10% to 30% of the cost of the asset.

The lower interest rate facilities are always going to be provided by bank and other like institutional lenders through equipment loan or lease financing programs.  Higher loan to acquisition cost ratios for low interest rate financing may only be 75% in many cases, even if the lender and provide the ag equipment financing through a government insured financing program.

Leasing companies, on average, will provide higher loan to value or loan amount to cost rations than institutional lenders, but rates will also be higher.  And because of the self propelled aspect of these assets and the intention by most buyers to retain the asset for a longer period of time, an operating lease may not provide any taxation advantages over a capital lease or regular equipment loan.

Get High Clearance Sprayer Financing That Meets Your Needs

If you’d like to better understand what type of high clearance sprayer financing your business will qualify for, the best thing we can recommend or suggest is for you to give us a call so we can go through your situation with you over the phone and provide immediate recommendations as to the types of financing is going to be available to you at a given point in time.

Applying for a pre-approval is also a good first step if you haven’t got anything lined up yet.  This gets the financing process out of the way quickly, providing you with the rates and terms you can secure ahead of time, allowing you to focus on making offers or bids without having to worry about if the financing will be available or what the monthly costs are going to be.

Click Here To Speak To An Equipment Financing Specialist For All Your High Clearance Sprayer Financing Needs.

The post High Clearance Sprayer Financing first appeared on Canadian Equipment Financing.

“Does Your Business Need To Secure Fertilizer Equipment Financing For New or Used Equipment?”

Fertilizer equipment comes in a number of different makes, models, sizes, and shapes depending on the type of application and industry that requires fertilizer hauling, applying, or storing requirements.

Industries such as agriculture, landscaping, and golf utilize many different types of fertilizer equipment with the most diverse coming from agribusiness applications.

New or used fertilizer equipment can be financed by an equipment loan or lease. The key for used fertilizer equipment financing is the condition of the equipment at time of purchase and the projected remaining useful life of the asset. If the equipment has not been properly cared for and is in a poor state of repair, its unlikely to be able to be financed regardless of its age.

Fertilizer equipment can also have a massive range in purchase price depending if you’re requirements are for large scale commercial equipment for a farming operation, or a smaller scale commercial asset for applications such as landscaping or golf course maintenance.

Regardless of the dollars involved, fertilizer equipment assets of all sizes and shapes will likely be eligible for commercial and farm equipment financing or equipment leasing programs, especially for new equipment.

The choice of loan or lease largely has to do with the applicants need or desire to customize cash flow and maximize tax reduction strategies as from a pure financing point of view, both a loan and a lease work in a very similar fashion.

The biggest difference between the two types of financing is ownership. With an equipment loan, the borrower owns the equipment being financed. With an equipment lease, the leasing company owns the equipment being lease financed.

Get Fertilizer Equipment Financing That Meets Your Business Needs

If you’re in the market for a certain type of new or used fertilizer equipment asset, we suggest that you give us a call so we can quickly assess you’re requirements and suggest different programs to apply for a pre-approval.

With the equipment financing out of the way, you can focus in on getting the best deal available, knowing that whatever you can locate can be purchased quickly due to a pre-approval for financing being in place.

Or if you have a purchase all lined up subject to getting financing approved, give us a call today and we can get an approval back to you in two business days or less depending on the amount required and the condition of the asset.

Click Here To Speak Directly To An Equipment Financing Specialist For All Your Fertilizer Equipment Financing Needs.

The post Fertilizer Equipment Financing first appeared on Canadian Equipment Financing.

Does Your Business Need Financing For New or Used Grain Bins?

Grain Bin financing for farm or agricultural applications is available in the form of term loans and equipment leases.  Even though a grain bin is technically a structure, they can still be financed through an equipment lease provided that they have a metal or wooden floor that allows then to be movable.  Hopper bottom bins mounted on concrete pad can also qualify for equipment lease financing.

Used grain bins are a bit harder to finance and will depend largely on the condition and type of bins.

Because grain bins are classified as buildings for accounting and income tax purposes in most jurisdictions, the depreciation rate and capital cost allowances are spread over a longer period of time.  This may not make any difference to your tax planning if you’re marginally taxable, but if you are in a significant tax position, you may want to consider financing new grain bins under an operating lease.

An Agricultural operating lease will allow you to accelerate the write off of the asset as it will technically be owned by the leasing company.  Just make sure to check with your accountant or tax preparer as to the proper lease structure to qualify as an operating lease before signing a leasing commitment.

Get Grain Bin Financing That Meets Your Farm Business Needs

Assuming the cost of financing is similar, there will not likely be great deal of difference between an  equipment financing term loan or an equipment capital lease with respect to writing down or deducting the cost of your grain bin acquisition for tax purposes.

Before you even start pricing out grain bins, we recommend that you call us up to get pre-approved for financing so you’ll know exactly how much you are approved for,  and the related terms.  With the financing process out of the way, you can then focus on getting the best deal and closing it fast.

If you already have an accepted offer or bid for new or used grain bins, we can quickly process your application for what you have been able to arrange  and help get your financing in place quickly.

Even in the event that you have purchased one or more grain bins recently for cash, you can still refinance the purchase up to 6 months after the date of purchase and return all or most of your original cash back into the business cash flow.

Click Here To Speak With an Equipment Financing Specialist For All Your
Grain Bin Financing Needs.

The post Grain Bin Financing first appeared on Canadian Equipment Financing.

Does Your Business Need Financing For Grain Handling Equipment?

Grain handling equipment financing most typically required by farming and agriculturally based businesses is provided by a number of lenders and leasing companies that collectively cover off a wide variety of this class of asset including the following items:

Incline chain conveyor, bin sweep, round bottom conveyor, grain pump, bucket elevator leg, grain vacuum system, straight chain conveyor, screw conveyor, swing hopper, grain auger, drag chain conveyor, grain vac, belt conveyor, chain conveyor, grain hopper.

This is not meant to be an all inclusive list so if you have a type of grain handling equipment that requires financing and that is not on the list, please give us a call so we can quickly determine if there is a lending or leasing source available for the asset in question.

Used grain handling equipment can also be financed through our approved lending and leasing sources. For used equipment, the financing rates and terms can vary based on equipment age, condition, and type. That being said, in many cases, you can still secure very comparable to new rates and terms for a lot of used equipment items.

Part of the reason for the good supply of used agricultural equipment financing is due to the strong resale market for grain handling equipment. Lenders and leasing companies are more inclined to finance used assets, and finance them more aggressively if they have a high level of confidence in their own ability to liquidate the asset for a reasonably predictable costs in a reasonable predictable period of time if required.

Get Grain Handling Equipment Financing That Meets Your  Needs

For new or used grain handling equipment, if you have not started the equipment purchasing or origination process, we recommend that you give us a call so we can get you pre-qualified for financing ahead of time and get the equipment financing process out of the way so you can focus on the equipment acquisition while knowing what amount of financing you can secure and the related equipment financing rates and terms.

If you already have an accepted offer or bid, we can quickly process your application for what you have lined up and help you get the deal closed in the time allowed.

Even in cases where you may have acquired grain handling assets for cash, we can still refinance the purchase up to 6 months after the purchase and return all or most of your original cash outlay to you so that you can inject it back into the business cash flow and utilize it for other purposes.

Click Here To Speak With an Equipment Financing Specialist For All Your
Grain Handling Equipment Financing Needs.

The post Grain Handling Equipment Financing first appeared on Canadian Equipment Financing.

Does Your Business Need To Finance New or Used Livestock Equipment?

Livestock equipment financing can be obtained from stalls and trailers to watering and feeding systems.

To give you an even better idea of the types of livestock related equipment that is already pre-approved for financing with various lenders and leasing companies, here is a list of some of the more common assets in this category that get financed on a regular basis.

Hydraulic squeeze chute, double header calf table, Beef cattle handling equipment, swine handling equipment, livestock penning, panel access squeeze chute, crowding tub, poultry handling equipment, portable handling system, feeding equipment, cattle feeder, calving enclosure, Texas shed, Livestock handling equipment, Squeeze chute, maternity pen, palpitation cage, dairy cattle handling equipment, loading chute, horse stall, calving trimming chute, cattle guard, bison handling equipment, shoulder holder, waterers, water tank, round pen.

If you’re looking at livestock equipment that isn’t on this list, please give us a call and we will quickly determine if its something that our lender partners will look at financing.

Get Livestock Equipment Financing That Meets Your Business Needs

Used livestock equipment can be financed, but may require a larger down payment than a new purchase with slightly higher rates and shorter terms. That being said, used equipment financing amounts and terms depend a lot on the particular asset and the amount of useful life that remains. So in some cases, the rates and terms can be very similar to a new asset purchase of the same type of livestock equipment.

If you haven’t picked out the asset you plan to acquire yet, give us a call so we can get you qualified for a pre-approved loan or lease. This will make the purchasing process go that much faster with the equipment financing application process out of the way and will also provide you with the amount of financing available to you and the related rate and terms.

If you’ve recently purchased an asset, we can get it refinanced up to 6 months post purchase, allowing you to put the cash from the purchase back into the business cash flow.

Regardless of your farm livestock equipment financing need or where you’re at in the purchasing process, give us a call so we can quickly assess your requirements and provide you with relevant livestock equipment financing options to consider.

Click Here To Speak With An Equipment Financing Specialist For All Your
Livestock Equipment Financing Needs.

The post Livestock Equipment Financing first appeared on Canadian Equipment Financing.