Equipment Loans

Financing for new and used machinery & equipment purchases.

Agricultural Equipment (Fast Track Lending) Features:

  • Financing terms from 2-7 years
  • Fixed and variable rates available
  • Purchase or refinance
  • For purchases at dealership, private party, and auction
  • New or used equipment

Top Lender in Iowa

We consistently rank as a top 100 farm lender nationally; 6th largest in the state of Iowa among community banks.**

Competitive Rates

We specialize in Agricultural loans, offering competitive rates.

Experienced Team

Your success is our success; if times are tough, we'll help you find a solution.

Agriculture Equipment Loans

Effective Date: July 1, 2024
Loan Amount Length Interest Rate as low as
$10,000 to $24,9992-3 Years7.60%
$10,000 to $24,9994-5 Years7.65%
$10,000 to $24,9996-7 Years7.85%
$25,000 to $74,9992-3 Years7.40%
$25,000 to $74,9994-5 Years7.45%
$25,000 to $74,9996-7 Years7.60%
$75,000 to $199,9992-3 Years7.20%
$75,000 to $199,9994-5 Years7.25%
$75,000 to $199,9996-7 Years7.40%
$200,000+2-3 Years6.85%
$200,000+4-5 Years6.90%
$200,000+6-7 Years7.05%

Variable rates also available. Contact us today!

Fixed rate loans available only

Agriculture Small Equipment Loans

Effective Date: June 3, 2024
Loan Amount Length Interest Rate as low as
$5,000 to $9,9992-3 Years7.70%
$5,000 to $9,9994-5 Years7.80%

Construction Use Equipment & Title Vehicles

Effective Date: December 19, 2022
Add 0.50% To Permanent Equipment Rates

*Interest rates may vary based on applicant's current credit qualification. Interest Rates are subject to change without notice. Subject to approval.

**Source: American Bankers Association. FDIC, Data as of 3Q 2023.

Agriculture Amortizing Loan Calculator

Calculator is provided as-is solely to estimate potential rates, fees, and costs. Calculator is made available as a self-help tool and examples are hypothetical. Calculator is not intended to provide investment or tax advice.

Meet our Agricultural Loan Officer Team

Chad Fritz

Luana Branch

NMLS #504858

Kiel Fritz

Luana Branch

NMLS #713511

Geordan Hanson

Luana Branch

NMLS #1631457

Steve Ruzicka

Luana Branch

NMLS #504862

Brad Hertges

Ossian Branch

NMLS #504865

Carol Jensen

Ossian Branch

NMLS #504867

Ben Larson

New Hampton Branch

NMLS #1625057

Adam Zeien

New Hampton Branch

NMLS #1520271

Ray Swartz

Polk City Branch

NMLS #504869

Josh Williams

Clive Branch

NMLS #1021521

Ryan Richardson

Norwalk Branch

NMLS #1142570

Questions or Comments?

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