Disks, field cultivators, rippers, vertical-tillage tools and strip-till bars prepare ground for planting. They are lower-cost than tractors and combines, which makes them good candidates for short terms or for bundling with a tractor purchase.
Subject to credit approval and documentation.
Often financed with a tractor on one contract, or on their own with annual payments on approved deals.
| Equipment finance agreement (EFA) | You own it from day one. Fixed payments; usually eligible for Section 179. |
|---|---|
| $1-buyout lease | Lease payments, then you buy it for $1. Treated much like an EFA for tax. |
| Fair-market-value (FMV) lease | Lower payments. Return, renew or buy at market value at the end. |
Time in business, business and owner credit, revenue, and the equipment’s details: make, model, year, serial number and condition. Requests above $1M also need financial statements.
Equipment bought with an EFA or $1-buyout lease and placed in service by December 31 may qualify for a first-year deduction. Estimate your tax savings.
Need cash for delivery, training, materials or the ramp-up? Add working capital to the same application.
If you buy them together, yes. Later purchases can be financed on a new application.
Yes. Our minimum is $10K, and several implements can be combined to reach it.
LenderCloud finances equipment from $10,000 to $10 million. Requests up to $1 million can usually be decided on the application alone; larger requests need financial statements. All financing is subject to credit approval.