While farming equipment can be expensive, it is absolutely essential to a successful ag operation. To help farmers manage equipment-related expenses, farm equipment loans can offset the cost of both new and used pieces of machinery.
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There are a number of important considerations to keep in mind when determining how to finance farm equipment. The free Equipment Loans 101 Guide from FBN Finance walks farmers through the decision-making process by outlining:
What an equipment loan can be used to pay for
When to lease vs. buy equipment
What equipment ownership metrics to consider
If you’re thinking about applying for an equipment loan to fund a new machinery purchase for your operation, download the new Equipment Loans 101 Guide.
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Financing offered by FBN Finance, LLC and its lending partners. Terms and conditions apply. To qualify, a borrower must be a member of Farmer’s Business Network, Inc. and meet all underwriting requirements. Interest rates and fees will vary depending on your individual situation. Not all applicants will qualify.
The material provided is for information purposes only. It is not intended to be a substitute for specific professional advice. Neither Farmer’s Business Network nor any of its affiliates makes any representations or warranties, express or implied, as to the accuracy or completeness of the statements or any information contained in the material and any liability therefore is expressly disclaimed.
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