Minnesota grows corn, soybeans, and sugar beets on some of the best ground in the country, mines nearly all of the iron ore in the United States on the Iron Range, and builds through winters that make equipment reliability a business decision. The state now matches the federal Section 179 limit, but it still spreads bonus depreciation over six years on the state return.
We place Minnesota files with lenders that fund farm, construction, forestry, and trucking equipment across the state, from a Red River Valley grain operation to a Twin Cities excavating contractor to a Duluth carrier. Options in 24 to 48 hours on a soft inquiry.
Who we finance in Minnesota
What is driving equipment demand in Minnesota
- Iron Range taconite producers are modernizing haul-truck fleets.
- Steady Twin Cities commercial and infrastructure construction.
- A 2026 conformity bill brought Minnesota Section 179 in line with the federal limit, retroactive to 2025.
We work with businesses across Minnesota, including Minneapolis and St. Paul, Rochester, Duluth, St. Cloud, and Mankato, and the rural counties in between.
Sales tax and income tax on equipment in Minnesota
Tax rules change and depend on your facts. Confirm with your accountant before relying on any of this.
Trucks, trailers, and titling in Minnesota
- Apportioned registration for interstate carriers through Minnesota DVS. No weight-distance tax.
- Off-road equipment is not titled.
Where Minnesota buyers find equipment
We finance equipment from any dealer, auction, or private seller. Dealers and auctions our Minnesota customers use include Ziegler CAT (Caterpillar, Minnesota headquarters), RDO Equipment (John Deere), Titan Machinery (Case IH and Case construction). Get pre-approved before you go so the seller sees a buyer who can close.
Equipment we finance
Excavators · Dozers and loaders · Skid steers · Semi trucks · Trailers · Farm equipment · Cranes and lifts
About financing in Minnesota
Equipment financing in Minnesota is arranged through Land Tech Capital's network of third-party lenders and lessors. Land Tech Capital is a New York based commercial finance broker, not a lender, and does not hold a Minnesota license. Your financing agreement will be with the lender or lessor, who provides any disclosures Minnesota law requires. No fee is charged to you before funding, and we are paid by the lender when a deal closes.
Questions we get
How does Minnesota treat bonus depreciation?
Eighty percent of the federal bonus is added back on the Minnesota return in year one and recovered in five equal annual deductions. Section 179 now follows the federal limit in full.
Can a grain farm time payments to harvest?
Yes. Ag programs offer annual or semi-annual schedules that fit a crop cycle. Tell us up front and the file goes to those lenders.
Do you finance equipment for Iron Range contractors?
Yes. Loaders, haul trucks, and support equipment for mining service work go on construction programs, new and used.
