Obtaining a business loan is easy. To start, click on the "Get Started" button and answer a few quick questions to get a pre-approval. If you meet the criteria, one of our agents will contact you to finalize the process.<br>Next, you will need to provide additional information about your business, such as recent financial statements, cash flow information, collateral information and a description of the equipment you wish to finance.

Get up to 800 000$

Agriculture Equipment Financing…

Fast & easy business loans!

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Agriculture equipment financing

Get agricultural equipment financing for your business from $5,000 to $800,000 in just a few business days by clicking on the blue “Get Started” button!

Get your pre-approval in less than 60 seconds by completing the easy and fast application process.

How does it work?

3 easy steps:

5 minutes

1. Fill out the questionnaire

Answer a couple simple questions about your financing needs thanks to our secure and easy to navigate quiz.

1 business day

2. Choose a financing option

Receive a call from one of our agents to navigate the financing options available to your business.

Same day

3. Get the funds for your business

Once approved and the contract is signed, receive your funds on the same day directly to your bank account.

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How does agricultural equipment financing work?

Obtaining financing for agricultural equipment with MicroCapital is very straightforward. Financing works as a fixed-term loan. You must repay the loan (between $5,000 and $800,000) in predefined fixed payments until the loan and interest are fully repaid.

criteria for agriculture equipment loans

What are the eligibility criteria?

Here are the eligibility criteria to qualify for a fixed term business loan:

The company operates in Canada

Annual income: 120 000$

The company has been operating for at least 6 months

No active bankruptcy

Who can lend money to companies to finance agricultural equipment?

There are several options for financing agricultural equipment for a business in Quebec. Here are some examples:

Bank and private loans: companies can apply for a bank or private loan to finance the purchase of agricultural equipment.
Government grants: there are government grant programs to help companies purchase agricultural equipment.
Leasing: companies can rent agricultural equipment with purchase options at the end of the contract term.

Note: Financing options vary depending on the company and their financial situation.

What are you waiting for?

Get pre-approved in under 5 minutes…

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100% secure process

FAQ

What are the eligibility criteria?

In order to be eligible for agricultural equipment financing with us and our partners, you must meet the following criteria: a personal credit score of at least 550, a business credit score of at least 1300, being a Canadian business, an annual revenue of at least $120,000, operating in Canada for at least 6 months and not being in active bankruptcy.

What is the interest rate for the agricultural equipment financing business term loan?

Interest rates for fixed repayment business loans range from 8% to 29% depending on the financial situation of your business and its owner.

Which industries are not accepted?

Although we offer loans to over 700 industries, we and our partners are unable to provide financing for certain industries considered high-risk: firearms dealers, government agencies, horoscope/divination, adult entertainment, public administration, non-profit organizations, religious organizations, money services businesses and all activities related to lotteries/casinos/gambling.

How does it work?

Obtaining a business loan is easy. To start, click on the “Get Started” button and answer a few quick questions to get a pre-approval. If you meet the criteria, one of our agents will contact you to finalize the process.
Next, you will need to provide additional information about your business, such as recent financial statements, cash flow information, collateral information and a description of the equipment you wish to finance.

Example of repayment of a fixed-term loan

In the example of a fixed-term loan of $230,000 at an interest rate of 9% repayable over 24 months. The monthly repayment payments will be $10,039.58 for a total amount of $240,933.92. The interest on the loan will be $10,933.92.

You can use the following loan calculator provided by calculator.net to reproduce and see other examples of business loan repayment.

What farm equipment can you finance?

Here are some examples of agricultural equipment that you can finance with our business loan:
1. Medium to large tractors
2. Seed drills and air seeders
3. Harvesters and threshers
4. Manure and fertilizer spreaders
5. Plowing and soil preparation equipment
6. Harvesting equipment such as grain harvesters
7. Spray equipment for pesticides and herbicides
8. Drainage and water management equipment
9. and more…

Why MicroCapital?

Our company, 100% Quebec, was created with the aim of offering Quebec SMEs a reliable, flexible and fast financing solution.

Satisfaction rate: 99.2%

100% Canadian

We finance SMEs in over 700 different industries

What industries are accepted?

Restaurants

Online shops

Retail commerce

Professional services

Factories

Tourism

and more than 700 others…

With a satisfaction rate close to 100%, we support Quebec SMEs in more than 700 different sectors to help them find the financing they need.

MicroCapital offers you access to financing solutions adapted to the activity of your company, whether it is the management of a factory, a restaurant or any other type of business.

What are you waiting for? Click the button below to get started.

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