AgTech Innovation Financing Program

agGRO’s AgTech Innovation Financing Program is designed to help farmers and ranchers looking to enhance their productivity, sustainability, and operational efficiency through the use of advanced agricultural technologies.

Are you a dealership interested in offering customer financing through agGRO? Click here to learn more.

  • Head to our Online Application or Download the agGRO Mobile App

    Online Application

    Or download the app from the links below or by searching “agGRO” in the app store.

    App Store

    Google Play Store

  • Complete our Credit Application

    Choose “Equipment Purchase” to get started. Our loan application takes less than 5 minutes to complete on average, and you could receive conditional approval within ten minutes.

  • Prepare with Necessary Documents

    For the smoothest appliction process, have your driver’s license, prior year tax return, and financial statements ready to upload. Prepare to take a photo of the piece of equipment you’re purchasing and the purchase order at the dealership.

FAQs

  • Drones – Unmanned Aerial Vehicles (UAVs) used for aerial monitoring, crop spraying, and precision agriculture.

    Robotics – Autonomous or semi-autonomous robots designed for cultivating, planting, harvesting, irrigation, or monitoring crops and livestock.

  • Term Length: 3 years (36 months)

    Downpayment: 20% of the total loan amount (required upfront)

    Interest Rate: See our current Rate Sheet

    Loan Amount: Based on the purchase price of drones, robotics, and other qualifying agricultural technology equipment as summarized in a purchase order.

  • A 20% downpayment is required to secure financing for the purchase of qualifying drones, robotics, or related equipment.

    The downpayment can be made in cash or through trade-in equipment of equal or greater value.

  • There are no prepayment penalties, so borrowers can pay off the loan early without additional charges.

  • Insurance is required on all financed equipment; however, the insurance requirement may be waived on drone purchases with proof of Drone Operator License.

    Insurance Coverage Requirements are subject to change based upon borrower credit worthinessand collateral equity.

    1. Download the agGRO mobile app to complete the application.

    2. Provide additional documentation prompted by the app. This may include:

      • Equipment Purchase Order or Invoice

      • Photo of the Equipment and the Serial #/VINs (on all components with a value greater than $3,000)

      • Prior Year Tax Return

      • Current Financial Statements (May be required by the lender. A balance sheet can be created in the agGRO mobile app if the customer does not have one.)

      • Still have questions? View our Demo Video!

  • Loans can be approved and funded in the same day if all requested information is provided by the borrower promptly.

    All loans are subject to credit approval.