Equine Lending

Our Specialty Equine Lending Program was designed for actively competing “Hunter/Jumper” Horses.  

At this time, we are only financing horses in this category.


Benefits of Financing:

  • You can lower the upfront, out-of-pocket costs required to own your horse.  We require only 30% down.
  • Long-term fixed rates.  You’ll know exactly what your monthly payments will be to better manage your budget.
  • You can pay off your loan at any time.  No pre-payment penalties on any of our horse loans.
  • Sign it and forget it.  With our ACH monthly payments, you never need to worry about forgetting to make the loan payment again.
  • Builds good credit.  By adding your young jockey to the loan, you help them build a solid credit bureau file.

Our Loan Features:

  • Loan amounts up to $250,000.  Proceeds are used to purchase, refinance, or receive cash back on a recently purchased (less than 6 months) horse.
  • A fixed interest rate of 8.75%*
  • 1% of the loan amount – loan origination fee, plus document prep. fee of $200
  • Maximum advance rate of 70% based on the lesser of appraised value or costs
  • Loan terms up to five years depending on the horse’s age:
      • Horse age less than or equal to 12 years; Maximum term is 5 years
      • Horse age between 13 and 17 years: Maximum term is 3 years
      • Horse age is 18 years or older; Horse is not eligible for this loan program
  • No prepayment penalties 
  • Other loan requirements apply

For more information, please contact one of our Specialty Finance Bankers:

Mike Mashke:    (352) 521-4090 or mmashke@fnbpasco.com

John Evenhouse:  (352) 521-7264 or jevenhouse@fnbpasco.com

CLICK HERE to download our application

*DISCLOSURE:  Assuming a loan amount of $150,000 with a 5-year term, the monthly payments would be $3,038.16 with a calculated Annual Percentage Rate (APR) of 8.437%.  This includes the 1% loan fee plus a $200 doc. prep fee paid to the bank at closing.  All loans are subject to credit underwriting and approval by the bank at its sole and absolute discretion.  Other fees may apply, such as equine appraisal fees, mortality and injury horse insurance, and UCC filing fees.