LS Tractor Finance offers financial solutions for Brazilian products

One of the features of the service is credit approval without the need to open a bank account

08.02.2024 | 15:53 (UTC -3)
Cultivar Magazine

At the Rural Coopavel Show, LS Tractor Finance is a highlight, representing the collaboration between LS Tractor and DLL bank. This partnership offers financing in the agricultural sector, combining the expertise of a tractor manufacturer with the experience of a bank operating in Brazil for over 25 years.

Since LS's arrival in Brazil ten years ago, the partnership with DLL has been fundamental in offering adapted financing to producers. With a team of 18 people operating in the country, LS Tractor Finance seeks to understand and meet the needs of each client, facilitating access to credit for the purchase of agricultural equipment.

One of the features of the service is credit approval without the need to open a bank account, allowing producers to formalize negotiations through a contract with payment by invoice. In 2023, financing reached R$180 million, indicating a growth of 41% compared to the previous year. DLL's portfolio in Brazil, which includes tractors, implements, storage and irrigation, totals R$12 billion.

Eduardo Thome (in the photo), commercial superintendent for Latin America, mentions that DLL offers favorable conditions for factories, with notable growth. In January, there was an increase of more than 30% compared to the same month the previous year. The collaboration between LS Tractor and DLL, therefore, not only provides producers with access to modern equipment, but also supports the development of agriculture in Brazil, offering financial solutions aligned with the needs of the sector.

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