Get an equipment loan for your next tractor, combine, sprayer, planter, skid loader, or other equipment purchase.
Finance your next big farming equipment purchase with Magnifi Financial.
Whether you're looking for a new combine or need help financing repairs, we can help define the terms of your loan to help you reach your Ag and financial goals. Our Ag Banking Officers will visit with you to help you find the right solution for your financing needs.
Additionally, Magnifi Financial partners with various agencies to obtain ideal financing and low-cost solutions for your agribusiness' needs. Participation in these agencies helps provide cost-effective solutions for your farm. Some of the Magnifi Financial agency partnerships include:
- Farm Services Agency (FSA) - Magnifi Financial is a preferred lender with FSA
- MN Dept of Ag (Rural Finance Authority)
- MN Dept of Ag (Ag Best Management Practices (BMP) program)
- Farmer MAC
- Small Business Administration (SBA) - Magnifi Financial is a preferred lender with SBA
- U.S. Department of Agriculture (USDA)
As the largest Ag-lending credit union in Minnesota, we are able to provide our Agribusiness members with low loan rates. Our Ag Banking Officers review all your ag loan options to find the best fit.
Low Closing Costs
Magnifi Financial has very competitive terms for farmers which include low fees and no monthly service charges. We make sure you're comfortable with all of the terms of your loan.
Our local Ag Banking Officers work directly with you to build a relationship and help determine the right solutions for your agribusiness. No matter your budget size, we're here to find the right solution.
Equipment loans can be the right solution
for your farm
Our Ag Banking Officers will help you finance ag loans for any situation. No matter if your farm is small or large, our agribusiness lenders offer guidance throughout the entire process to get you on track to meet your goals.
Fill out our online form with some information about your agribusiness and the products or services of interest. Your local Ag Banking Officer will be in touch within 1-2 business days.
Locate a Branch
You can open an account or loan at any Magnifi Financial location. Each location has a designated Ag Banking Officer, but we recommend you call ahead to make an appointment.
We have a dedicated phone line for business members which will help you reach someone who can help faster and save you precious time.
Agribusiness Loan Options
Check out some of the other Ag loan options available with Magnifi Financial:
Real EstateLearn More
Ag FSA LoansLearn More
Beginning FarmLearn More
Facility ConstructionLearn More
Additional Products and Services for Agribusinesses
Check out all of your other options you can utilize with Magnifi Financial's suite of business products and services! Our Ag team will work with you individually to ensure you're on track to reaching your agribusiness goals.
Join the Magnifi Family!
At Magnifi, you're not just a member-owner of an award-winning credit union, you become part of the Magnifi family and receive all the benefits and perks you need to succeed financially.