Farming Equipment

Farm Equipment Financing

Contact UsFarming is a time and labor-intensive job. Many farmers want to invest in the latest technology and equipment to keep their farms running as efficiently as possible, but they can’t sacrifice profitability. Depending on your farm’s characteristics and needs, it will sometimes make sense to purchase a new piece of equipment and other times it will make the most sense to rent or lease.

Northwest Missouri and Southern Iowa’s agricultural businesses require a lender that provides good terms on loans for their machinery and equipment. BTC Bank is your local lender of choice if you are looking to increase your equipment inventory or maintain the inventory you already have.

What kinds of machinery and equipment does BTC Bank provide financing for?

This is not an exhaustive list; see the loan officer at your local BTC branch for specific information on coverage.

Equipment and Machinery That May Qualify:

  • Trucks
  • Tractors
  • Combines
  • Hay Balers
  • Mowers
  • Grain Bins and Facilities
  • Tillage Equipment
  • Livestock equipment
  • Drills
  • Planters
  • Machine sheds
  • Irrigation systems
  • General farm improvements

Benefits of Agricultural Equipment Financing

While there are obvious and immediate benefits to financing your farm equipment and machinery purchases and leases, freeing up cash flow is only one of several ways farmers save money. Consult your tax professional to learn more about the accounting benefits of equipment financing and leasing including deduction eligibility, faster depreciation and bigger write-offs, and other tax breaks.

Why choose us?

BTC Bank has a wide variety of intermediate-term loans for farm machinery and equipment, with times to payoff ranging from 1 to 5 years.

  • The interest rates are influenced by things such as credit rating and the size of the loan. Contact us for interest rates and details.
  • As with other types of loans, equipment and machinery loans can also be taken out as fixed-rate or variable loans.

We’ve been an agriculturally minded community bank for nearly a century. With such a strong history of community investment, we understand the needs of the local farmers and agricultural communities we serve. Unlike a national lender, our customers are also our friends and neighbors and we are committed to strengthening the places they live and work by providing opportunities and reinvesting the deposits you make at BTC back into your community.

Contact the loan officer at the branch closest to you (Bethany, Gallatin, Albany, Pattonsburg, Carrollton, Chillicothe, Beaman and Boonville in Missouri, and Lamoni, Iowa) to get more information about our farm equipment financing options. We have agricultural loans for a wide variety of needs and budgets.

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