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Cash In On Cash

Many dealers offer a significant discount or rebate for paying cash instead of taking dealer financing. You may wonder which alternative -- cash discount or reduced interest rate -- is better for you. So, before you decide, talk to your local Farm Credit Illinois financial professional for a rate-versus-cash comparison. You could come out ahead by taking the cash discount and using one of our flexible financing plans.


Preferred Capital Line

​Our Preferred Capital Line provides a revolving line of credit for equipment, breeding livestock and other capital expenses. You can access loan funds 24 hours a day, seven days a week, simply by writing a draft. You have control of your loan funds, and you can borrow and repay funds as often as you like. And you save because you pay interest on funds only as you use them. Because this program is pre-approved for up to three years, you're able to shop for items at your convenience and obtain the best deal. By coupling your Preferred Capital Line with our special Farm Cash Management program, you can actually get a capital loan that pays you interest.


Manufacturer Financing Ending

​If you received a manufacturer's special introductory financing on your tractor, combine or other equipment, contact your local Farm Credit Illinois financial professional before those terms expire and higher rates begin. Our rates and terms are often much better than those that automatically take effect at the end of the introductory pricing period. That means with a Farm Credit Illinois loan your savings can extend beyond the introductory period.


Terms

​Our loans offer longer repayment periods for your larger capital purchases. Loans are available for:

  • Up to seven years for new machinery
  • Up to five years for breeding livestock
  • Up to 10 years for some buildings and certain farm improvements

​Choose from annual, semi-annual, or monthly payment schedules. In short, these loans are tailored to the useful life of the item being financed so you're not paying for an asset that is physically depreciated.