Auction Farm Equipment Financing

The following information is required to complete the application process:

• Copy of driver’s license for all individual buyers
• Bill of sale (transferring ownership from seller to buyer, sale price and full asset description, i.e., year, make, model, full serial number, are required)
• Funding instructions (i.e., name and address of who should be funded, subject to other requirements)
• Auction company contact information

Prior to the generation of documents, AgDirect will complete a lien search on both the buyer(s) and seller(s) to ensure that AgDirect will be in first lien position on this particular equipment.

• A subordination will need to be signed by any lenders that hold a blanket lien on the buyer.
• A UCC-3 will be prepared, and signed by creditor, if a blanket lien on the seller is located.
• If an asset-specific lien is identified, funding will be issued to creditor and seller.

Prior to release of funds:

• All original signed loan documents returned to AgDirect.
• Applicable lien releases signed and returned to AgDirect.
• Additional information may be needed prior to funding, subject to each individual transaction.