From compact utility tractors to high-horsepower row-crop and 4WD models, tractors are the most financed piece of farm equipment. They hold value well, and farm lenders know how to structure payments around harvest.
Subject to credit approval and documentation.
Annual or semi-annual payments timed to harvest are common for farm tractors on approved deals. Monthly payments suit operations with steady livestock or dairy income.
| 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.
Annual payments after harvest are available for agricultural equipment on approved deals.
Yes. We confirm ownership and the serial number and check for liens before paying the seller.
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.