Farm Equipment Financing Toowoomba
We can help farmers in Toowoomba and Darling Downs secure finance for their much needed machinery: tractors, irrigators, utes and more.
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Farm Machinery and Equipment
We can help you secure the best possible deal for any equipment and machinery you need for your farm and to run your agribusiness.
Country People Helping Country People
Our team specialises in agribusiness
We live in rural Australia, our land is our life, and we have a strong connection with country folk. We understand the agriculture and equipment finance business and are determined to help our local agribusinesses become more efficient and profitable.
Are you looking to purchase some new farm equipment but don’t have the funds? Toowoomba Mortgage Broker is here to help!
We are a team of experienced farm equipment financing brokers led by Katherine, who has over 20 years of experience in rural and regional finance and agribusiness. Our team can help you get the money you need to buy the tractor, ute or any other machinery that will benefit your farming activities.
We offer competitive rates and financing options tailored specifically to the needs of agriculturalists and farmers.
Give us a call on 0480 093 502 – you will talk to a real person!
How Farm Equipment Financing Work
The farm equipment will act as collateral for the loan, so the farmer won’t need to put anything down in advance.
As long as the loan is paid back on time, you will have continued use of the equipment until you own it outright (finish repayment of the loan). However, if the loan defaults, the equipment will be utilized to settle the outstanding balance.
Benefits of Using a Farm Equipment Finance Broker
Starting a farm or keeping an established one running requires a lot of capital. However, because of the seasonal nature of the farming business, farmers often find it challenging to see a bank or lender willing to advance any money. That’s where Toowoomba Mortgage Broker can help!
Finance institutions and big chains are often conservative and follow a systematic approach that can be quite ‘black or white’. After years of experience, we understand the requirements and can guide our clients in their application for farm equipment loans.
Farm equipment financing ensures farmers have access to funds when they need it most and for the amount they need to purchase the desired farm equipment.
Honestly, you can apply for farm equipment finance yourself if you meet the eligibility criteria. But can you be sure you’ll get approved? Is your credit good enough to get approved for a farm equipment loan?
Now, this is where partnering with a farm equipment broker can prove beneficial. Some benefits of using a farm equipment finance broker include:
Access to their Expertise
Think about it: most people can plant some seeds, and some can grow crops, but it takes an expert to know what type of seeds to sow and how much water is needed to cultivate them. The same applies to farm equipment finance.
When you work with a farm equipment finance specialist, you have someone who has an in-depth knowledge of the farming and agriculture business. They are familiar with the various types of equipment available and the best lenders to approach for a loan.
And that’s what you get with Toowoomba Mortgage Broker. We will take the time to understand your situation, needs, and requirement; then, we’ll work with you to develop the right financing solution.
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Contact Our Friendly Team Today to Talk About Your Financial Requirements.
Variety of Options
Another significant aspect of working with a broker is having access to various options.
You can talk to a bank or lenders about their different farm equipment finance options, but they can only offer you traditional loans.
But a farm equipment finance broker has a network of lenders, banks, and many finance options. This is not just about the best interest rates, but also other crucial components such as repayment plans, redraw ability, offset account options, and more.
This gives them more negotiating power to help you get the best deal when you’re looking to buy farm equipment.
Access Better Rates
You are good at farming. But farm equipment finance experts like Toowoomba Mortgage Broker are also good at securing the best farm equipment loan rates in the market.
Farm equipment is costly. They are usually large and expensive, thus ensuring many lenders are reluctant to finance them.
This is where we come in because we understand your needs very well. We know what lenders are okay with lending to you and will help you secure the best possible rate.
When you apply for a loan yourself, you don’t have the experience and insight needed to secure favourable rates, therefore getting you into hot water when it’s time to pay back your loan.
In addition, while a bank will charge you a fee to access their financing options, the brokers working for Toowoomba Mortgage Broker will charge no upfront or ongoing fees. This saves money that you can use more wisely elsewhere.
We work with over 30 lenders, including:
It Also Saves Yout Time
Would you rather spend time reviewing lending options, filling out paperwork, or working on growing your farm and making more money?
Farm equipment financing brokers like Toowoomba Mortgage Broker can save you money, time, and effort.
We know not only about different lenders and broker options but also their criteria for approving farm equipment loan applications. It’s much easier to get a farm equipment financing loan when you have a financing expert.
Our years of experience mean we are familiar with the different phases of the application process and can ensure you get the credit you need quickly.
Understanding the Market
The lending market is fast-paced and changes rapidly. There are several farm equipment lending options available today, and farmers can’t possibly keep up with them all.
But farm equipment finance brokers understand the current market and the various lenders’ terms and deals. This means they are better equipped to advise you on the best financing option available and help you secure the best rates and deals possible.
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Competitive
Competitive rates and flexible loan structures and terms to suit your needs.
Comprehensive
Whether you are buying your first home, first tractor, or investment property.
Country Based
We are proud country dwellers and love regional communities.
No More Worrying About Farm Equipment Financing
We’re here to help Australian farmers get the necessary equipment to keep their farms running smoothly. As a result, we have a variety of equipment we can finance for you, including:
- Cranes, bulldozers, dump trucks and excavators
- Farm tractors
- Scissor Lifts
- Row Crop Tractors
- Forklifts
- Harvesting Equipment
- Track
- Generators
- Milling machinery
- Seeding Equipment
- Loaders
- Trench Diggers
- Welding and metalworking tools
- Dozers
- Utility vehicle and other heavy machinery
Farm Equipment Finance Solutions We Offer
Equipment Loans
We understand that the farming season in Australia and the world at large can be unpredictable. But cash flow is crucial for you to run a successful farm and make profits. That’s why we provide flexible financing options to help you purchase the farm equipment you need and run it well without making a loss.
A chattel mortgage or equipment loan is a farm equipment financing option used to finance the purchase of farm equipment(s).
Farm equipment loans do not require you to provide any collateral because the farm equipment is security for the loan. Once you pay back the loan in full, you will own the equipment outright.
One of the benefits of equipment loans is the repayment structure. The repayment of these loans can be up to 5 years, giving you enough time to recoup the investment cost.
The interest rates of equipment loans are typically lower than unsecured loans and are fixed. As a result, you can budget appropriately, knowing your repayments will not change.
Another advantage of this farm equipment finance option is owning the equipment upfront. This means it shows up as an asset on your balance sheet, while the loan is a liability.
In addition, your monthly payments can be lower if a balloon payment is made at the end of the term.
We also recommend you talk to your accountant to discuss GST tax credits that may be available to you.
Whichever farm equipment finance option you decide to choose, Toowoomba Mortgage Broker will take the time to understand your needs and provide you with the best and most affordable solution possible. We also offer our clients in rural Australia services, including rural mortgage, refinance of current loan and livestock finance.
Contact us today to discuss your options.
Why Choose Us for Farm Equipment Finance?
We Have Experience
Toowoomba Mortgage Broker has been helping farmers in Darling Downs secure farm equipment finance for over 20 years. We pay attention to the details in the application process and understand what it takes to secure a farm equipment loan, even during difficult economic times.
We are Locals
When you involve us in your financing journey, we understand what farming is. We also know rural terms, requirements, and regulations.
Vast Network of Lenders
We understand farmers across the country have varying needs and requirements based on location. This is why we offer farm equipment finance solutions across Australia – not just Toowoomba.
Flexibility and Variety of Options
We allow you to choose from various loan types tailored to your financial situation and requirements.
Fast Approval Process
We have experience handling loan applications in various economic situations and can fast-track your farm equipment finance application.
You will complete all necessary documents within days rather than weeks or months, and your application will be approved.
Fast Turnaround Time for Funding
Getting approval from a lender does not guarantee getting the farm equipment financing you need for your operation. However, at Toowoomba Mortgage Broker, we provide a range of loan options, allowing you to choose from the best solution available. Once you approve your loan financing option, we’ll make sure your funds are available to you as quickly as possible.
Quality Service
After securing farm equipment financing with us, you will have a dedicated Relationship Manager. They will work closely with you to ensure you get the best financing solution for your needs.
At Toowoomba Mortgage Broker, we offer exceptional customer service and support to all our clients.
Get in touch with us today at (07) 4646 4031 to discuss your farm equipment financing requirements with one of our professionals.
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