Farm Application-Only Financing
Finance farm equipment up to $400,000 with just an application and recent bank activity. No Schedule F package, no CPA statements, no long underwriting process.
Tax returns are a complicated document for a farm. A good year shows income. A year with heavy capital investment, drought losses, or a commodity price swing can show a loss that looks alarming on paper even when the operation is healthy. Handing three years of Schedule F to a lender who does not farm can produce a confused underwriting outcome for a business that actually runs well.
Application-only financing removes that variable up to about $400,000. The application itself and three months of business bank statements are what we need. No Schedule F, no farm income statement, no asset and liability schedule. The bank statements show us how cash moves in and out of the operation month to month, which tells a lender who understands agriculture exactly what they need to know about whether the payment will be made. For a lot of farmers, this is the fastest and cleanest path to getting equipment financed.
What We Actually Look At
Three months of bank statements reveal a lot about an operation. We look at average daily balance, consistency of deposits, the size and timing of inflows, and whether the account shows the seasonal pattern of a working farm. A grain operation shows large deposits in the fall and steadier but smaller outflows in the spring and summer. A livestock operation shows more consistent monthly flows. A custom harvesting crew shows income clustered around the working season. Each of those patterns makes sense to a lender who has financed agriculture before, and our lenders have.
Overdrafts, returned payments, and very thin balances raise questions. Not necessarily deal-killers, but things we want to understand and explain as part of the application. If a rough month in the statements was caused by a one-time event that is now behind you, a brief note explaining it is usually enough to keep the review moving.
The application itself collects basic business and owner information, the equipment details, and the purchase price or refinance payoff. Combined with the bank statements, that gives the lender what they need to make a decision. Approvals commonly come back within a few business days and funding is paced to the completed file from that point.
Refinance Programs
Farm Application-Only Financing
Finance farm equipment up to $400,000 with just an application and recent bank activity. No Schedule F package, no CPA statements, no long.
Bad-Credit (B/C) Farm Equipment Financing
Equipment financing for farmers with challenged credit. We work with B and C credit situations, low scores, prior bankruptcies, and short.
Equipment Leasing
Farm equipment leasing keeps payments lower and lets you upgrade at end of term. We work with tractors, combines, sprayers, and more.
Deal Size and Equipment That Fits
Application-only financing in our program covers deals from $50,000 up to roughly $400,000. That range captures a wide swath of meaningful farm equipment: a quality used row-crop tractor, a mid-range grain combine, a self-propelled sprayer, a new planter, or a multi-machine refinance package.
Above $400,000 the lender almost always needs financial statements. At that level the deal is large enough that a summary on an application does not give them the confidence they need in the borrower's ability to service the debt. Two years of tax returns or a current income statement and balance sheet become part of the process. That is reasonable on a deal of that magnitude, and we work those files too, just with different documentation requirements.
The equipment itself needs to fit the standard eligibility criteria regardless of size: a verifiable serial number, a clean title, and collateral value supported by market data. The application-only path applies to the borrower documentation, not to the collateral review. Both sides of the deal need to hold up.
Farm Refinance Questions
Our application collects your name and contact information, business name and structure, time in business, the equipment details, purchase price or payoff amount, and a basic credit authorization. It takes most farmers less than fifteen minutes.
Sending all three together speeds things up. Lenders want to see the complete three-month window before making a decision, so partial submissions typically just extend the timeline while we wait for the rest of the statements.
We can supplement with personal bank statements or with statements from a predecessor account if the business is new but the farming has been going on longer. Explain the situation when you submit and we will work through it with you.
Sometimes. If something in the statements needs explanation, or if the equipment situation requires additional details, a lender may ask for a follow-up document. We do our best to front-load the information to avoid that, but conditions do come up on individual files.
The rate reflects the lender's overall assessment of risk, which includes the credit check, the bank statement review, and the collateral value. Application-only does not automatically mean a higher rate; it means a narrower documentation path. Strong credits still get competitive rates.
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