Farm Equipment Loans in Illinois
Farmers National Bank works with local farms across Northern Illinois to support equipment needs, including farm equipment loans and agricultural equipment financing. Our team brings experience in agriculture lending and an understanding of regional farming conditions.
With locations in Prophetstown, Geneseo, Morrison, and Mount Carroll, FNB serves agricultural operations throughout northwest Illinois and surrounding communities.
Equipment Loan Options
Equipment financing is offered through structured loan options designed to support machinery and equipment purchases. Farmers National Bank works with agricultural operations across Northern Illinois to provide financing solutions that align with the needs of today’s farms. Equipment financing is a core part of FNB’s agriculture lending services.
Term Loans
Equipment loans are typically structured as term loans and are often secured by the equipment being financed.
Term financing may be used for a variety of agricultural equipment purchases and capital investments. Farmers National Bank provides financing for farm machinery and other agricultural equipment investments that support farm operations. Loan structures are designed to help agricultural operations invest in necessary equipment while maintaining financial flexibility.
Flexible Payment Option
Payment schedules can be structured annually, bi-annually, or monthly depending on the operation.
Agricultural operations often have unique cash flow cycles throughout the year. Flexible payment structures allow financing to better align with the timing of farm income and operating needs. Farmers National Bank works with agricultural customers to determine a payment schedule that fits their operation and financing goals.
Fixed and Variable Rates
Loan options may include both fixed and variable rate structures.
Fixed and variable interest rate options are available for farm term loans. Rate structures can be selected based on the needs of the operation and financing strategy. Government-supported lending programs may also be available when applicable to help provide favorable financing terms.
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Built Around Agriculture
Farmers National Bank has a strong focus on agriculture lending, with the majority of loans tied to agricultural operations. Decisions are made locally by a team that understands the demands of farming and equipment needs.
Local Decision-Making
Lending decisions are made locally by a team that works directly with farms and agricultural operations. Farmers National Bank emphasizes prompt, local decision-making to help agricultural customers move forward when financing opportunities arise.
Agriculture Lending Experience
75% of FNB’s lending is tied to agriculture, supported by a team with experience in ag lending and equipment financing. This experience helps the lending team understand the financing needs associated with equipment purchases and farm operations.
Built for Agricultural Conditions
Loan structures take into account the realities of agriculture, including changes in weather, markets, and input costs.
Local Lenders Who Understand Agriculture
Work directly with Farmers National Bank lenders who understand agricultural operations and equipment needs. The local team is available to review financing options and help move forward with equipment purchases.
Doug Vanderlaan
Community Bank President & Agriculture and Commercial Lender
Bart Ottens
Community Bank President & Agriculture and Commercial Lender
Mount Carroll office:
(815) 244-2001
Steve Taets
Community Bank President & Agriculture and Commercial Lender
Farm Equipment Loan FAQs
Farm equipment loans can help finance machinery and equipment used in agricultural operations. Equipment financing may support purchases that help improve efficiency and support day-to-day farm operations.
Getting started is simple. Connect with a Farmers National Bank agriculture lender to discuss your operation, equipment needs, and financing goals. Our team can review available loan options and help determine a financing structure that fits your operation. Farmers National Bank emphasizes local decision-making and works directly with agricultural customers throughout northwest Illinois.
Farmers National Bank equipment loans are typically structured as term loans and are generally secured by the equipment being financed. Loan structures are designed to support the needs of agricultural operations.
Yes. Payment schedules may be structured annually, bi-annually, or monthly depending on the operation and financing needs.
Farmers National Bank offers both fixed and variable interest rate options for eligible equipment financing needs.
Agriculture is a primary focus for Farmers National Bank, with approximately 75% of its loan portfolio tied to agriculture. The bank emphasizes local decision-making and lending experience designed around the realities of farming, including changing weather conditions, markets, and input costs.