Affordable Financing for Your Pole Barn Project
Don't let upfront costs hold you back. With flexible financing through HFS Financial, your dream building is more affordable than you think—including 120% financing to cover materials, installation, and contingencies.
Financing available to cover everything + overruns
Rates starting as low as 8.24% APR fixed
Funds available within 2 days of approval
Why Finance Your Pole Barn?
Most of our customers finance their pole barn projects. Here's why it makes sense:
Preserve Your Cash
Keep your savings intact for emergencies, other investments, or business operations. Don't drain your accounts for a building project when financing is this affordable.
Start Building Now
Don't wait years to save up. Get the building you need today and start using it to generate value immediately. Time has value.
Fixed Payments, No Surprises
Lock in a fixed rate and predictable monthly payment you can budget for. No variable rates, no payment shocks, no prepayment penalties.
Potential Tax Benefits
If used for business, interest may be tax-deductible and the building may qualify for depreciation under Section 179. Consult your CPA.
What Will My Payment Be?
Here are typical monthly payments for common pole barn sizes (based on 9.5% APR, 15-year term through HFS Financial)
30×40 Garage
Financed Amount: $31,000
- Materials + Installation + Tax
- 1 Overhead Door
- Gravel floor included
- 1,200 sq ft
40×60 Shop
Financed Amount: $70,000
- Materials + Installation + Tax
- 2 Overhead Doors
- Concrete Floor
- 2,400 sq ft
60×100 Commercial
Financed Amount: $149,000
- Complete turnkey package
- Multiple Overhead Doors
- Concrete Floor + Insulation
- 6,000 sq ft
*Payment examples are estimates for illustration purposes based on 9.5% APR and 15-year term. Actual rates, terms, and payments will vary based on credit profile and loan specifics. Rates as low as 8.24% APR available for qualified borrowers. Final financing terms determined by HFS Financial upon application.
Other Ways to Finance Your Project
💳 Home Equity Line of Credit (HELOC)
If you own a home with significant equity, a HELOC may offer slightly lower interest rates than personal loans.
Advantages:
- Typically lowest interest rates (6-9%)
- Interest may be tax-deductible
- Borrow only what you need
- Extended repayment terms
Considerations:
- Requires home equity
- Your home is collateral
- Longer approval process (2-4 weeks)
- More complex application
Talk to your bank or credit union about HELOC options. Be prepared for a longer process than HFS Financial.
🏢 Business Equipment Financing
If using your pole barn for business purposes, equipment financing may offer tax advantages.
Advantages:
- May qualify for Section 179 deduction
- Builds business credit
- 100% financing possible
- Interest is business expense
Considerations:
- Must be used for business
- Requires business documentation
- Rates vary by business profile
Consult your CPA about tax benefits and business financing options. HFS Financial can also work with business loans.
🏗️ Construction Loan
For larger projects or barndominiums with living quarters over $150K, construction loans provide staged funding.
Advantages:
- Pay interest only during construction
- Funds released as work progresses
- Can convert to permanent mortgage
- Ideal for barndominium projects
Considerations:
- More complex application
- Requires detailed plans
- Typically higher initial costs
- Longer approval process
Best for projects over $150K or with living quarters. We can help coordinate with construction lenders.
🌾 Farm Credit / Agricultural Loans
If you own farmland or operate an agricultural business, specialized farm credit programs offer competitive terms.
Advantages:
- Competitive rates for farmers
- Long repayment terms (15-20 years)
- Lenders understand ag operations
- May include other farm purchases
Considerations:
- Must be agricultural use
- Requires farm operation documentation
- May need FSA involvement
Contact Greenstone Farm Credit Services (listed above) or your local Farm Credit Services office.
Financing Questions Answered
What credit score do I need for HFS Financial?
HFS Financial works with a range of credit profiles. While higher credit scores (680+) get the best rates (starting at 8.24% APR), they often approve borrowers with scores as low as 620-640. The pre-qualification process is free and won't impact your credit score, so you can see what you qualify for with no risk.
What's this 120% financing option?
HFS Financial's 120% financing means you can borrow MORE than just the project cost. For example, if your pole barn costs $60,000, you could finance up to $72,000. The extra 20% covers unexpected costs, site prep, concrete upgrades, or other improvements. This prevents you from scrambling for cash mid-project.
How much down payment is required?
HFS Financial typically requires NO down payment for personal loans up to $100,000. For larger projects ($100K-$300K), down payment requirements vary but are often 10-20%. This is much better than construction loans that typically require 20-30% down.
What documents will I need?
For HFS Financial: photo ID, proof of income (pay stubs or tax returns for last 2 years if self-employed), recent bank statements, and our detailed project quote. The process is straightforward and they'll guide you through exactly what's needed.
How long does HFS Financial approval take?
Pre-qualification happens the same day (often within minutes) with no credit impact. Final approval typically takes 1-3 business days once you submit documentation. Funds are available within 48 hours of final approval. Total timeline: 5-7 days from application to money in your account.
Can I finance the entire project?
Yes! HFS Financial offers up to $300,000 in personal loans, which covers 99% of our pole barn projects including materials, installation, concrete, site prep, and more. Most customers finance 100% of their project cost.
What if I'm self-employed or own a business?
HFS Financial works great for self-employed individuals and business owners. They'll review your business tax returns (last 2 years) and bank statements instead of W-2s. If the building is for business use, you may also qualify for business equipment loans with tax advantages.
Are there tax benefits to financing?
Potentially yes, especially for business use. Interest on business loans is typically tax-deductible. Buildings used for business may qualify for Section 179 depreciation or bonus depreciation (up to 100% of cost in year 1!). Always consult your CPA—we're happy to coordinate with your tax advisor to maximize benefits.
Can I pay off the loan early?
YES! HFS Financial has NO prepayment penalties. You can pay extra each month, make lump sum payments, or pay off the entire balance early without any fees. This flexibility is huge if you come into extra money or want to reduce interest costs.
How does the money get paid out?
With HFS Financial's direct-to-consumer funding, the loan proceeds go directly to YOU, not to us. You control when and how the money is spent. This gives you flexibility and peace of mind. Many customers prefer this over construction loans where the lender controls disbursements.
How Great Lakes Post Frame Helps You Get Financed
Detailed Quotes for Lenders
We provide professional, itemized quotes that HFS Financial and other lenders need to process your application. Our quotes break down materials, labor, sales tax, and all project costs so there are no surprises.
Direct HFS Financial Partnership
We've worked with HFS Financial on dozens of successful projects. If they need additional information or documentation about your project, we provide it quickly to keep your approval moving.
Flexible Timeline
Once approved, we work around your financing timeline. We can schedule your project to align with when funds become available, making the process seamless from approval to completion.
Start to Finish Support
From quote to completion, we're your single point of contact. You won't be juggling multiple contractors and vendors—we coordinate everything so you can focus on securing financing and getting excited about your new building.
Ready to Get Started?
Get your free quote first, then get pre-qualified with HFS Financial in minutes. We'll provide everything you need to secure affordable financing for your pole barn project.
Questions about financing? Text us at (269) 271-1164 - we're here to help.
Our Commitment: We'll work with you to find financing that fits your budget. Most customers qualify with HFS Financial—let's explore your options together. No credit impact to check, no obligation to proceed.