Farm Equipment Loans and Financing

Faster, easier small business financing with one simple application—no bank needed.

Applying is free and won’t impact your credit.

Reviews from small business owners.

Lendio knows farming small businesses.

Whether you’re looking to purchase a piece of farming equipment that will help your business grow, or it’s simply time to replace some old machinery, Lendio can match you up with the perfect lender for your farm equipment loan. 

Grow your farming business with a business loan tailored to your company’s exact needs. Even better, Lendio currently partners with over 75 lenders offering farm equipment financing, which means you’ll be able to quickly find the best loan for your project and get back to doing what you do best: managing your business.

Lendio is no stranger to funding for farming operations and the type of capital required to grow a profit-driven enterprise. Our network of preferred lenders makes it easy to submit a single application and receive multiple financing options to compare.

Why Lendio?

Quick & easy

Apply in just 15 minutes and get funded in as little as 24 hours

Your partner in business financing

Get personalized support throughout the funding process. Your funding manager will be with you every step of the way to answer your questions and advocate for you.

Offers tailored to your business

Compare loan offers from multiple lenders. With over 75+ lenders in our network, your funding manager will work with you to ensure you get the best rates and terms for your business.

How our loan matching process works.


Fill out our simple application.

Answer just a few questions about your business to see which lending products you qualify for. We’ve partnered with over 75 lenders, allowing us to find the best option or your business.


We’ll connect you with a funding specialist.

One of our funding specialists will reach out to you to get to know your business better. Since every business is unique, we want to make sure we find the loan type that’s perfect for your needs.


Compare loan offers.

Compare different offers curated for your business. Select the capital amount and rate that will help take your business to the next level.


Get funded.

We work with lenders that can fund you fast. Once you’re approved, you’ll be able to access your capital in as little as 24 hours.

Ready to get the capital you need?

Take 15 minutes to find out what you qualify for from 75+ lenders.

Types of business loans for farmers.

Revenue-based financing

Revenue-based financing, also known as a business cash advance, allows a business to borrow money based on future revenue. Payments are made directly to the lender as a percentage of each daily sale.


1-15 months

$1 million

Term loan

Farm equipment loans can be done with traditional debt products, such as term loans. The money is received in one lump sum and is paid off with set payments until loan maturity. 


6 months-25 years


Line of credit

Like a credit card, a line of credit is a type of revolving account. As balances are paid down, the money once again becomes available to use. However, a business line of credit typically comes with much higher credit limits than most credit cards. 


6-24 months

Up to $250,000

Equipment financing

Equipment financing is a unique loan product that is restricted to the purchase of qualified equipment and uses the equipment being purchased as collateral.


1-5 years

$5 million

How to choose the right farm equipment loan for your business.

Consider these factors when you compare farm equipment financing options:

  1. Understand your needs: Having a clear grasp of your business’s needs will help you determine what type of loan you need. How much funding do you need? What type of equipment are you looking to finance? Are you looking to finance new equipment or lease used equipment?
  2. Check your business’s qualifications: Factors like your credit score, annual revenue, and time in business each play a significant role in loan approval. Make sure you know where you stand and strive to improve if necessary.
  3. Put together a strong business plan: Lenders want to know how you’ll use the money and if you’re capable of repaying it. A detailed business plan that outlines your goals and strategies can make a compelling case.
  4. Gather financial documents: You’ll need to provide financial documents like bank statements, tax returns, and financial statements. Having these ready can speed up the process.
  5. Compare lenders: Different lenders offer various terms and conditions. Take the time to shop around, compare options, and choose the one that best suits your needs and circumstances.
  6. Submit your application: Once you’ve chosen a lender, complete and submit your application. Be sure to double-check everything for accuracy before submitting.


Farm equipment loans are any type of business loan that enable a farmer/ business owner to purchase necessary farming equipment or cover other business costs. Instead of using cash, the purchase is made possible with a loan product, which is paid off month to month. 


To get a farm equipment loan through Lendio, a business must, at minimum, be at least six months old and make $8,000 or more each month. A credit score of at least 600 is also required. 


Because a farm equipment loan is a business loan, the money can be used for any business-related expense. Yes, the money can be used to purchase equipment. Equipment financing and leasing can be used only to purchase the agreed-upon equipment.

There are a few perks to an online marketplace. The application process is quick and easy, connecting you with a network of lenders, so you can find the right loan option for your farm equipment needs. A funding manager will work with you and advocate for you and your farming business throughout the process.

While the SBA states that farms are eligible for an SBA-backed loan, many SBA lenders restrict working with farms. The Farm Service Agency offers an alternative government program for farmers seeking funding.

8 out of 10 Lendio employees* or their families own a small business.

*based on 136 Lendio employees who responded to an internal poll

Quickly compare financing options from multiple funders.

Applying is free and won’t impact your credit

Talk to a rep at (855) 853-6346
Mon-Fri 7:30am-5pm MST