Take the opportunity to pre-arrange a line of credit, separate from your general operating line, that is specifically for buying new and used farm equipment.

By pre-arranging this line of credit you eliminate the need to apply for a loan each time you purchase farm equipment provided you are within your pre-authorized limit.

The Details

• Interest rate can be floating or fixed.
• Flexible repayment schedules are available.
• If you choose a floating interest rate now, you can fix the rate at a later date (advance notice required).
• Ask our staff how a Farm Equipment Line of Credit can help to ease the way you make farm equipment purchases.

Is there anything else I need to know?

The BMO Bank of Montreal Commercial Loan Insurance Plan is available to qualified borrowers.

The Next Step

To discuss further, contact us at
1 877 262-5907
or visit your BMO Bank of Montreal branch.