Citizens National Bank works with many companies and farms to provide financing for equipment.

All loan decisions are made locally to provide you the quickest financing possible.


Equipment Loans

A typical equipment loan has a maximum term of 5-7 years with a maximum loan to value (LTV) of 75% of the purchase price. It is possible to borrow the entire purchase price by pledging security interest in other assets, such as other equipment or real estate. This example illustrates a possible monthly payment scenario.

Equipment purchase example:*

Purchase price = $250,000
Loan amount based on LTV 75% = $187,500
Interest rate = 6.5% fixed 5 year term
Monthly payment = $3,668.65

*Based on a hypothetical transaction. Final rates and terms are determined after review of borrower's credit and financial condition.


  • In addition to equipment financing, Citizens National Bank also offers leasing on equipment, grain bins, barns and more with terms available up to 10 years.
  • Consult with your accountant to determine which option may be best for you.
  • Learn more about our leasing option.

More Information

To learn more about our agricultural loan services, call:


Mon - Fri: 8:30 AM - 5:00 PM EST


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