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The right equipment keeps your farm thriving and competitive, but growing and maintaining your equipment inventory can be costly and drain your cash flow. Commercial equipment lease financing allows you to purchase the equipment you need, without depleting your working capital or savings on a down payment.

What is Business Lease Financing?

There are times when renting your equipment may be a better choice than an outright purchase. A business equipment lease from Town and Country Bank and Peoples Prosperity Bank helps you get the equipment you need to succeed. Hay balers, seeders, tractors, and irrigation systems are just a few examples of farm equipment that might qualify for a business lease loan.

Benefit of Business Lease Financing

  • 100% financing and no down payment required
  • Variable payment terms available for seasonal customers
  • Fixed rate for the lease term
  • Most leases can be structured to meet tax objectives (Consult your tax adviser to assess which lease best fits your business needs)
  • At the end of the lease you may have the option to return the equipment, purchase at a predetermined price, or continue leasing the equipment

Why Choose Town and Country Bank and Peoples Prosperity Bank?

At Town and Country Bank and Peoples Prosperity Bank, our ag lenders are experienced in local agricultural standards. Loan applications are discussed and reviewed by members of your community, resulting in local decision-making and processing. Our agribusiness lenders pride themselves on their detailed, attentive service from application to closing. Unlike traditional leasing companies, we never charge termination or prepayment penalties should you need flexibility during the term of your lease.

The Right Solution is Waiting

As your community bank, we understand the unique needs of our local farms and agribusinesses. Town and Country Bank and Peoples Prosperity Bank serve and empower local communities in Central Illinois and Metro East, one person or business at a time. Our branch locations include Springfield, Buffalo, Jacksonville, Lincoln, Decatur, Mt. Zion, Edwardsville, Fairview Heights, and Quincy, and our loan production office in Bloomington. Our associates are ready to connect you with an agricultural lender. Request a consultation with our ag banking team today!