Equipment Financing from FBN® Finance

Farm equipment financing that works for you. Interest rates starting at 7.45%

Farm Equipment Financing to Power Your Farm

The right equipment is key to a successful ag operation, but new equipment can be prohibitively expensive for farmers. Farm equipment loans can help.

From tractors and harvesters to hay balers and plows, the right equipment can make all the difference in maximizing yields and minimizing labor costs. But purchasing new — or even used — equipment outright can be extremely costly for farmers.

Farm equipment loans can help farmers buy the equipment they need to improve efficiency in their operations — without putting a strain on current budget or cash flow. 

FBN Finance is a trusted provider of agricultural financing solutions, including farm equipment loans. We have a team of experts with years of experience in the industry, and we understand the unique needs of farmers. 

When farmers work with FBN Finance, they can expect a seamless and streamlined online application process before being connected with a dedicated loan advisor who will guide them through the process from start to finish. With great rates and flexible repayment terms, FBN Finance applies a Farmers First® mindset to help qualifying growers and producers get the equipment they need to run a successful ag operation. 



FBN equipment loans have terms of up to seven years and require:

  • A minimum loan amount of $10,000

  • As little as 0% down payment (monthly)

Equipment Financing Terms

Types of Equipment

Financeable farm equipment includes:

Tractors and combines

Irrigation equipment

Forage harvesters


Application equipment

Skid steers




Grain trailers


Instant Approvals

With instant approval* on equipment loans from FBN Finance, farmers can get an instant decision to expedite financing and be more competitive in a seller’s market.

With an instant approval*, farmers can likely receive funding faster because they don’t have to fill out lengthy application forms or wait weeks for paperwork to be reviewed. This is especially critical for farmers who need urgent funding to purchase equipment and get back to running their farm.

Farmers can apply virtually anywhere by using a laptop or phone. This is a huge advantage for those who don't have the time to travel to the bank.

Interested in financing other areas of an operation? FBN Finance also offers instant approvals* for qualified farmers on operating lines under $1 million and land loans up to $2.5 million.

farmer on iphone - tall frame

What Is an Equipment Loan?

A farm equipment loan is a type of loan specifically designed to help farmers purchase the new or used equipment they need to run their ag operation. Whether a farmer is looking to buy new equipment, update existing equipment or replace outdated equipment, a farm equipment loan can help spread out the cost over several years, making it easier to manage farm cash flow and enabling the farmer to improve their operation without having to pay for it all upfront. Click below to learn how farmers can expense the interest on their taxes.

What Can Equipment Loans Be Used For?

Equipment loans can be used to finance a wide range of farm equipment, including tractors, combines, irrigation systems, and more. These loans can also be used to purchase either new or used equipment, depending on the borrower's needs. For example, equipment loans can be used to:

  • Purchase new or used tractors, combines or other farm equipment

  • Upgrade or replace existing equipment

  • Purchase irrigation systems or other farm infrastructure

  • Finance equipment repairs or maintenance


How Can Farmers Qualify for an Equipment Loan?

To qualify for an equipment loan, farmers typically need to have a good credit score and a solid financial history. There may also be minimum requirements for the amount of the loan and the type of equipment being financed.

In most cases, farmers will need to provide proof of 3-5 years of Schedule C or F income. Equipment loans are typically secured by the equipment itself, meaning that if the borrower defaults on the loan the lender can repossess the equipment.


What Documentation Is Required to Secure an Equipment Loan?

To secure an equipment loan, farmers will typically need to provide documentation that could include financial statements, tax returns, and proof of insurance. The specific requirements may vary depending on the lender and the type of loan being applied for.

Ready to Apply for an Equipment Loan from FBN Finance?

Ready to Apply for an Equipment Loan from FBN Finance?

If an equipment loan sounds like the right fit for your ag operation, complete the form on this page or call 866-551-3950 to speak directly with a member of our FBN Finance team today.


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