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Farm Equipment Loans

If you farm for a living, you depend on your farm equipment every day. When it's time to replace your tractor, loader, etc., come to First Central Credit Union for the financing you need at attractive terms.

The following guidelines apply:

  • New tractors, skid steer loaders, etc.: We will finance up to 100% of purchase price as evidenced by seller's agreement or buyer's order.
  • Used tractors, skid steer loaders, etc.: We will calculate a loan value for each individual piece of equipment by using a NADA Guide or equivalent publication. We will use that average as the maximum loan value.
  • We will finance up to 5 years on equipment with a model year of 2001 or 2000.
  • We will finance up to 4 years on equipment with a model year of 1999-1993.
  • Anything older than a 1993 will need to be reviewed at the time of loan request and will be subject to a finance term of 36 months or less.

Please contact us for more information on loans. Click here for rates and terms on First Central loans.