Things You'll Need:
- Business plan including balance sheet and cash flow
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Step 1
Decide what equipment you need and can afford. Buy used or new, but check out used equipment thoroughly to make sure it is not damaged or worn out.
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Step 2
Put together a business plan stating why you need to finance farm equipment and how you plan to repay the loan. Make a balance sheet and a cash flow for your farm.
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Step 3
Shop for equipment that fits your farm and repayment ability. Look on local sales lots, in the newspaper classifieds or do a search for farm equipment on the Internet.
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Step 4
Ask the dealership if they have financing plans--many do. Ask a private owner if he will consider taking payments for the equipment and what interest rate he would carry on the loan.
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Step 5
Call your local bank and set up an appointment with a loan officer. Bring your business plan and the information on the equipment you want. Be prepared to show that you have repayment ability for the equipment you want to finance.
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Step 6
Go to the C.H. Brown Company or Tractor Financial websites and fill out their on-line application for financing. C.H. Brown finances equipment all over the United States and has equipment for sale. Tractor Financial will help you locate an approved dealer and has a leasing plan along with financing.













