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Agriculture Equipment Finance
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Written by James Dutton
James is Head of Asset Finance in our funding division. He specialises in arranging finance for assets across a range of sectors, as well as experience in completing finance agreements for assets coming from abroad. James has more than 30 years of experience in the finance sector, providing him with the necessary expertise to arrange finance for businesses requiring finance facilities across the UK.
Finance your agriculture equipment
Agricultural equipment is the foundation of a farm’s operation, from tractors and telehandlers to balers, sprayers, and cultivation machinery. Whether you’re running a mixed farm, an arable enterprise, or a specialist horticultural business, the right new or used machinery is essential for maintaining productivity and efficiency standards.
Our dedicated agriculture finance team can help, whether you’re looking at hire purchase, finance lease, or an unsecured loan, we’ll work with you to find a structure that suits your business and your cashflow.
Whether you’re upgrading ageing machinery, expanding your fleet ahead of a busy season, or investing in new technology for the first time, we’ll help you navigate the options and secure funding that works for your operation.
We can also arrange finance for other new and used farming assets including combine harvesters, field sprayers, and woodchippers.
What is agriculture equipment finance?
Agricultural equipment covers a broad range of machinery and assets, from tractors and harvesters to irrigation systems and grain storage units. Purchasing these outright often requires a significant commitment of capital, which can place strain on a farming business at a time when that cash could be working elsewhere.
At UK Business Finance, we can arrange finance for the purchase of new or used agricultural equipment, as well as structure refinance agreements for assets your business already owns. Finance terms can be tailored to your specific needs to align with your business's financial position and income profile.
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With full market access and absolutely no ties to any lender, we can objectively match you with the most effective and cost-efficient source of business finance. Contact our team today!
Benefits of agriculture equipment finance
Protect working capital
Committing a large sum to a single equipment purchase can leave a farming business short of the cash it needs for fuel, labour, and other day-to-day costs. Spreading the cost of agricultural equipment across a structured repayment plan means capital stays available for the full range of operational demands, rather than being concentrated in one asset purchase.
Release funds through asset refinance
For businesses that own agricultural equipment outright, refinancing provides a way to release the value tied up in that asset without losing the ability to use it. The asset is sold to the funder and leased back, giving the business access to a lump sum that can be directed towards new purchases, growth investments, or other financial commitments. Ownership transfers back at the end of the agreement once all repayments have been made.
Keep up with advances in farming technology
Agricultural machinery continues to develop, with newer equipment offering improvements in precision, fuel efficiency, and output. Finance gives farming businesses access to up-to-date machinery without the barrier of a large upfront cost, ensuring operations benefit from better technology without placing undue pressure on working capital.
Predictable repayment structure
Finance agreements are built around fixed monthly repayments, which makes forward planning considerably simpler. Knowing exactly what is owed and when means a business can set aside the necessary funds in advance, reducing the risk of unexpected financial pressure during quieter periods in the farming calendar.
Terms built around your business
No two farming businesses are identical, and finance arrangements do not need to be either. The deposit amount and length of repayment term can all be structured to align with the specific financial circumstances of your business, including the income patterns and cost cycles that are common in agriculture.
How we helped a mixed farming business invest in new machinery
A Lincolnshire-based mixed farming business contacted UK Business Finance to arrange finance for a new tractor and a replacement round baler for their arable and livestock operation.
The business had been managing with aging machinery that was becoming increasingly costly to maintain, resulting in them requiring a more reliable solution ahead of the upcoming season. We were able to arrange £78,000 in funding across both assets, structured over a 60-month hire purchase agreement.
The deal included a seasonal repayment structure to ease cashflow pressure during the quieter winter months, aligning repayments with the farm’s income cycle. The customer was pleased with the competitive rates secured and the speed at which the deal was put together, allowing them to take delivery of both machines before the spring workload began.
Apply for agriculture equipment finance
UK Business Finance operates as a commercial finance broker, giving your business access to an extensive range of lenders who specialise in funding solutions for the agricultural industry. We take the time to understand your situation and match you with the right financial product to the needs of a range of UK agri-businesses.
Here is how we can help:
- Receive a free quote within 60 seconds
- A carefully selected lender panel to find the most fitting finance option
- We manage and prepare the full application to lenders,
- An experienced team with a thorough understanding of agricultural equipment finance, committed to delivering results
For further details on agricultural equipment finance, please reach out to our dedicated team.
What finance can be used for agricultural equipment finance?
How do we Agriculture equipment finance gives farming and agri-businesses a practical way to acquire the tools they need to operate and grow, without committing large amounts of capital upfront. Whether the requirement is for a single piece of machinery or a broader equipment investment, finance solutions such as hire purchase, finance leases, and asset refinance can be structured to suit the needs of the business.
UK Business Finance works with a wide panel of lenders to help agri-businesses secure the right funding for their circumstances.
| Asset Finance | Asset Refinance | Finance Lease | Unsecured Loans | |
|---|---|---|---|---|
Typical term length | Medium Term | Medium Term | Medium Term | Short Term |
Flexibility | Medium | Medium | Medium | High |
Deposit required? | Yes | Yes | Yes | No |
Purpose | Purchase assets | Raise capital for multiple ventures | Lease assets | Multiple business needs |
How do we work?
1. Get a Customised Quote
When you reach out to us, we will likely request that you provide the following information. Your latest set of accounts, previous 6 months’ banks statements and director’s personal details.
2. Compare Options
Once the information from step 1 has been confirmed, we will reach out to our extensive panel of funders, who under normal circumstances, respond with an answer in 48 hours. After this, Know Your Customer (KYC) and identification checks will take place for the business and its directors.
3. Finalise the agreement
As soon as you agree to move forward with the terms and conditions, you will receive the relevant documents for you to sign and then return. After the final checks have been completed, the funds will be released. The time taken to release the funding varies depending on the funder, ranging from 24 to 72 hours.
Why does your business need agricultural equipment finance?
Agriculture equipment covers a broad range of machinery, each representing a significant investment for any farming business. The right finance solution means those investments can be made when the time is right, without putting pressure on the funds that keep the business running day to day.
- Purchase specialist equipment
- Align repayments with your cash flow
- Wide range of finance solutions
- Purchase land and property
- Improve operational efficiency
- Restructure existing finance agreements
- Manage day-to-day and emergency costs
- Support business diversification
Why Choose UK Business Finance
100% Independent Broker
We're not tied to any lender. With access to 90+ finance providers, we match you with the most suitable funding solution, not the one that pays us the best commission.
Callback Within 30 Minutes
From the moment you contact us, we commit to responding within 30 minutes. When your business needs funding fast, every hour counts.
Nationwide Coverage, Local Expertise
With 8 regional offices and 100+ supporting locations across the UK, you'll work with a finance specialist who understands your local market.
Agriculture Equipment Finance FAQs
What types of agriculture equipment can I finance?
We can arrange finance for a wide range of agricultural machinery and equipment, including tractors, telehandlers, balers, cultivators, ploughs, drills, sprayers, and more. Whether you’re purchasing from a main dealer or sourcing a quality used machine privately, we can tailor a solution to suit your needs.
What finance options are available for agriculture equipment?
Hire purchase is a popular choice for farming businesses, as it allows you to spread the cost over a fixed term and own the asset outright at the end. Finance leases are also available if preserving working capital is a priority. We’ll help you identify the most suitable structure for your business and discuss the options that best fit your circumstances.
How much can I borrow to finance agriculture equipment?
The amount available will depend on factors including the value of the assets, your business’s financial profile, and the lender’s criteria. We work with a panel of lenders experienced in agricultural finance and will work to find terms that reflect your specific circumstances and requirements.
How does the seasonal nature of farming affect my agriculture equipment finance agreement?
Seasonal cashflow is a reality for most farming businesses, and many of our lenders are experienced in working with the agricultural sector. Flexible or deferred repayment structures can be arranged to align with harvest income and quieter periods of the year. It’s worth discussing your trading cycle with us so we can match you with a lender whose terms work with your business.
Can I finance used agriculture equipment?
Yes. Finance is available for both new and used agricultural machinery. Lenders will typically consider the age, condition, and market value of the asset when assessing your application. Having a clear picture of the machine’s service history and current value will help support a smooth application.
Can I finance multiple pieces of agriculture equipment under one agreement?
In many cases, yes. If you’re looking to upgrade or expand across several assets at once, it is often possible to consolidate these into a single finance facility. This can simplify your repayments and allow you to plan your cashflow more effectively. Get in touch and we’ll explore the options with you.
