Whether you’ve only recently started your journey with farming, or are continuing an agricultural legacy passed down from multiple generations of Illinois Valley families, Eureka Savings Bank has a variety of financial solutions you can turn to. We provide a wide range of lending options, including tractor financing, and we can show you how the right loan can propel your operations forward.
What Is Tractor Financing?
Tractor financing is a type of agricultural equipment loan, specifically for the purchase of either new or used tractors. It’s typically a secured loan, with the tractor you’re purchasing acting as the collateral.
We know a tractor is one of the most important pieces of farm equipment you can have, but it’s also a significant investment. This is why we’ve made it as simple as possible for you to get the financing you need through Eureka Savings Bank.
Why Finance a Tractor Through Eureka Savings Bank?
What do you have to gain by financing through us? Our customers enjoy numerous benefits, including:
- Competitive rates: Our competitive interest rates for tractor financing ensure you can access the funds you need and when you need them.
- Flexible repayment terms: Every farm and its owners operate a unique business, which is why we offer a variety of financing terms. You can find the repayment plan that works best for your finances, including short-term or longer-terms, if needed.
- Quick approval process: We know Mother Nature doesn’t wait, which is why we’ve streamlined the approval process as much as possible, so you can get the funds in a timely manner.
- Local service and local support: We’re not just a bank–we’re invested in the farming community like you and committed to supporting local farmers. We offer a dedicated team providing you with personalized service throughout the lending process and beyond.
- Preserve cash flow: You don’t have to drain your cash reserves with a tractor purchase. Our financing options can help spread the cost of your tractor over time, so you can use your cash where needed.
- Enjoy our banking benefits: As a borrower with Eureka Savings Bank, you'll also gain access to a range of additional benefits, including online and mobile banking access and impeccable customer service.
If the cost of farming equipment feels out of reach, then turn to our agricultural lending experts here at Eureka Savings Bank. We know having a reliable, trustworthy tractor is key when you’re working the land, so contact us to find out how we can help your farm today.
