Upgrading machinery and equipment is a given in any size farming operation. At AgStar, we understand that finding the right financing package is as important as finding the right price. We can help you get the financing you need to make a step up in technology, or simply replace aging equipment.
AgStar equipment loans help you get the cash you need quickly and easily. You can expect fast approval time and terms tailored to your needs, including the ability to convert your loan to take advantage of favorable interest rate changes.
AgStar also offers loan programs at equipment dealers in your area through a partnership with AgDirect. This gives you the convenience of financing purchases when and where you make them.
Standard Equipment Loan Products
- Fixed Rate Loans
Lock a competitive rate for up to 10 years, depending on equipment type (compared to the typical 3- to 5-year lock banks offer). Then set up consistent payments monthly, quarterly, semi-annually, annually or almost any other equal-payment plan that helps you manage your budget.
- Variable Rate Loans
Choose from standard monthly variable rates and adjustable rates at yearly intervals. If rates or your operational needs change, our unique conversion feature lets you update your interest rate program without the cost or time it takes to do a traditional refinancing.
Preferred Capital Line of Credit
Our Preferred Capital Line of Credit combines the best of fixed and variable loans with the addition of a line of credit. It has a five-year term and provides funds for capital purchases including machinery, equipment, breeding livestock and smaller real estate investments. You receive a capital budget and simply write a draft for equipment purchases whenever the need arises. Choose to leave the loan balance on a variable rate of interest or lock in all or part into a great rate. A Preferred Capital Line of Credit lets you re-borrow money as you pay back the principal balance you owe on either the fixed or variable option.
Find out more about Equipment Loans. Contact Us or call 1-866-577-1831.