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equipment financing
Pearson Livestock Equipment is excited to announce a partnership with KISCO Leasing Co., LLC, to offer our customers agriculture equipment financing and leasing options for our cattle and bison equipment.
KISCO is a family-owned company focused on building strong customer relationships through exceptional service. They strive to offer not only competitive financing rates but also long-term support to their customers, dealers, and producers, ensuring a trusted partnership beyond the initial transaction.
Lease or Finance Your Pearson Equipment
Agriculture Equipment Financing Terms
Credit Requirements
To qualify for leasing or financing, customers must meet the following criteria:
- At least 3 years in business
- A minimum credit score of 680
- Must have previously borrowed a similar amount, demonstrating comparable debt experience
Interest Rates & Terms
Interest is locked in throughout the entire term of the note and can range depending on the amount financed, from 7% and up.
Loan terms range from 2 to 6 years for cattle chutes.
Payment Options
Multiple payment plans for agriculture equipment financing are available: monthly, quarterly, semi-annual, and annual.
Lease-to-Own
With the lease, it’s a lease-to-own option, meaning the customer owns the equipment at the end. The only difference between a lease and finance is a $1 residual, which is added to the final payment. Once the last payment and the $1 are made, the customer fully owns the machine. KISCO also offers a standard financing option for those who prefer it.
Lease Payments Tax Deductible
Customers can fully deduct each lease payment from their taxes, making it 100% tax-deductible and off the balance sheet. We encourage customers to consult their accountant to determine the best option for their operation. KISCO will then customize the deal to meet their specific needs.
Harvest Delay Program
The Harvest Delay Program lets customers choose when payments start, helping with cash flow. We can adjust the payment delay to match the customer’s preferred timeline.
For instance, if the first annual payment is needed in 6 months, customers pay 10% of the purchase price today and make the first payment in 6 months. Payment delays can vary, like:
- 3-month delay = 5% down
- 6-month delay = 10% down
- 9-month delay = 15% down
- 12-month delay = 20% down
This flexibility allows customers to tailor payments based on their specific financial needs.