Used Tractor Financing
Simple application. Simple process.
Harvest savings with used tractor financing.
A used tractor can be a great option if you want to save money without compromising quality, so long as the tractor has been adequately maintained. Not only do used tractors cost less, but they are also reliable and come with many features that make them ideal for various agricultural tasks. If you have located an ideal used tractor for your business and need funding, you have come to the right place. Balboa Capital, a division of Ameris Bank, offers used tractor financing. This is a popular option among farm owners and agricultural businesses as it does not require a high initial cost like a one-time cash purchase. Instead, you make predictable monthly payments over a set period.
When you finance a used tractor, you can preserve your company’s capital, minimize financial risk, and increase productivity. In addition, financing works with the Section 179 tax deduction if the equipment is eligible. Of course, every business’s situation is different, so ask your accountant or tax professional if the tractor you want to finance qualifies for Section 179.
- Application-only for hard collateral up to $500,000
- Application-only for soft collateral up to $350,000
- If approved, same-day funding is available
- Easy online application
- One-hour approval decisions during regular business hours
- Flexible terms available
- Competitive rates
Equipment financing in 3 easy steps.
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Submit a simple online application.
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Get a prompt decision during our normal business hours.
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If your application is approved, funds will be provided fast.
What we look for.
Minimum of one year in business
$100,000+ in annual revenue
FICO® score of 620 or more
These are some of our minimum lending requirements, and meeting them does not constitute approval.
Should you apply for equipment financing, additional lending criteria will determine if you qualify.
Quick funding to finance a used tractor.
Before you invest in a used tractor, it is a good idea to check its condition to ensure its engine, brakes, tires, etc., are in good running condition. Also, ask the dealer for paperwork so you can review the tractor’s history, such as the number of hours it has been in use and what repairs were made, if necessary. Then, look to Balboa Capital for funding to finance the used tractor.
Our online application takes just a few minutes to complete. If you submit your request during our regular business hours, we will promptly provide you with a credit decision. If your application is approved, one of our account managers will contact you to discuss the next steps and ensure that we have all the required documentation. Finally, Balboa Capital is a technology-driven lender that offers quick funding. This is a significant benefit if you need to finance a used tractor right away.
Reasons to choose Balboa Capital.
Bank-owned business lender
Over $8 billion funded nationwide
Simple, quick process
Helpful links for farming and agriculture business owners.
Where to find used tractors for sale
Learn about auctions, dealers, private party sales, and more.
Farming infographic
Facts, figures, and trends about the U.S. farming industry.
Guide to IRS Form 1120
Learn what Form 1120 is, how to file it, and more.
