One application. 7 lenders.
Get Funded One application routed to where you qualify.
Every Apply button starts the same single application. Your chosen lender is prioritized first.
Farm equipment holds value well and has a deep resale market, which supports longer terms and older units than most business categories.
| Tractors and combines | Long useful life. Financed new and used, with older units more readily accepted than in other categories. |
| Seeding and tillage implements | Strong resale. Often financed alongside the tractor. |
| Grain handling and storage | Fixed infrastructure. Longer terms available. |
| Irrigation and livestock handling | Financed as equipment, though some elements may be treated as land improvements. |
As equipment: the machine is the security, the term follows its working life, and the seven equipment lenders listed take a tractor, a combine, an irrigation system or a grain handling line on the same basis as any other unit with a resale market. Published terms run from $2,500 to $50 million and from 5.5%, with time in business from six months and monthly revenue from $8,333; the equipment financing page sets out each lender's range. One of the seven, StriveX Financial, publishes agricultural equipment financing as a named product; the others finance farm machinery under their general equipment terms.
Used equipment is routine. Farm machinery has a deep resale market and long working lives, and a ten-year-old tractor with years of service left is financed with the term scaled to the remaining life. Auction and private purchases are financed with a lien search and an inspection, as any private sale is.
Because farm cash flow is annual and a monthly schedule fights it. A grain operation earns most of its revenue in a few weeks; a monthly payment through the spring is paid out of last year's crop or out of an operating line. Ask for seasonal or annual repayment before you accept a monthly schedule; several lenders will structure a payment that falls after the harvest, and an operation that asks is treated as one that understands its own numbers. The agriculture and farming calculator runs the payment under either schedule.
The federal and provincial farm lending programs, because they price below any commercial lender and the lenders listed know it. Farm Credit Canada, the Canadian Agricultural Loans Act guarantee, and the provincial agricultural lending agencies lend on equipment at rates and terms a commercial lender cannot match for an operation that qualifies. The lenders listed are for the purchase the programs will not fund, the operation that does not qualify, or the timeline the programs cannot meet, which is often the case at auction.
Apply once. Our application reaches all seven lenders listed and routes on the quote and your statements.
Reviewed by Vlad Sherbatov, Co-Founder and President, Smarter Loans. Last reviewed 17 September 2026. Lender figures are the lenders' published terms as checked August 2026.
Equipment Financing in Canada: How It Works
How Canadian businesses finance equipment, why the asset itself usually secures the loan, what lenders check, and when leasing beats buying.
How Canadian Businesses Borrow: Purpose and Province
Canadian businesses asked for an average of $92,806 across 823 Smarter Loans business loan applications in the year to July 2026. Expansion carried the largest requests at $128,450 and Quebec the highest provincial average at $109,849.
How to Qualify for a Business Loan in Canada
What Canadian lenders actually check: revenue, time in business and cash flow first, credit second. What businesses request, and which route fits.
Some lenders structure payments around harvest rather than evenly across the year. Ask specifically, since it is rarely offered unprompted.
A federal program providing cash advances against the value of agricultural products, with a portion interest-free. Worth checking before commercial financing.
Yes. Agricultural equipment holds value well and used purchases are routine, with terms scaled to remaining working life.
Yes, before any money moves. A lien follows the equipment, not the seller.
