Embedded finance from Compeer: Streamlining sales and service for agricultural businesses
For more than 100 years, Compeer Financial has served rural America. Our people, products and services are as much a part of rural life the land, livestock and communities that sustain it. While our commitment to agriculture never changes, how we support it does.
We’ve always been dedicated to meeting farmers wherever they need us, whether it’s in their fields or combines, late at night or on the weekend. With our AgTech embedded financing program, our ag retail partners are able to offer almost immediate financing to their customers, speeding up the sales process and creating much-needed efficiencies for farmers to access their financing.
Simplifying how agricultural businesses connect and sell to farmers is central to our mission. With Compeer’s AgTech embedded financing program, it’s now easier than ever.
The AgTech advantage
We know that with fluctuating markets, uncertain yields and economic headwinds there’s enough difficulty running a farm. Jumping through traditional financing hoops to purchase equipment, inputs or farmland real estate can easily fall down the priority list, leaving farms and other agricultural businesses operating below expectations, and suppliers like you paying to store inventory that belongs in the field.
Compeer’s AgTech program is a fully serviced, white label experience for your business. We determine the best financing options for your customers and integrate them into the purchasing experience at the point of sale, reducing friction for your customers and time-to-sale for your business.
Not your typical financing partner
As a Farm Credit provider, Compeer is a cooperative partner you can trust to serve your customers. Our focus is on serving and supporting rural communities, and ensuring hardworking farmers and their families have the solutions they need to the challenges they face.
Compeer manages more than $30B in assets, loans and liabilities, exclusively for and on behalf of rural communities and agricultural businesses, just like yours.
Sell at scale
As financial experts, we match our expertise in agriculture financing with your expertise on selling your agriculture products. You can focus on selling and we will take care of the financing.
With Compeer’s AgTech embedded finance program, your customers can instantly purchase the products they need—day or night, in the cab, in the barn or at the dining room table. Our simple application and automated underwriting process can approve financing up to $1 million for both operating and term loan programs and up to $2.5 million for real estate loans in as little as ten minutes.
We build our digital financing based off of our AgTech partners’ business needs and act based on feedback. An example of how this may look for a farmer seeking to purchase a tractor through a machinery company includes:
- The farmer visits your website or in-person at your business location and identifies a tractor they would like to purchase.
- They select the option to purchase the tractor digitally, or confirm with your sales team in-person.
- If financing is needed, qualifying questions are presented and the customer is prompted to apply.
- The farmer will then answer a series of questions depending on the type of loan they need. This process typically takes 10 minutes.
- Within seconds, they are notified onscreen of the loan decision, either approval or denial. They are then immediately able to complete the purchase through your e-commerce point-of-sale or via your in-person sales desk.
Meet with us at Tech Hub Live
Farmers are ready for digital solutions to meet the needs of their growing operations, and our AgTech team is ready to partner with your business to meet the challenge. Click the link below to set up a time to connect with us at the event. We’ll see you there!
Visit compeer.com/agtech to learn more.
Author: Kelly Miller