It'll run off the stock hydraulics, just not very quickly.
The 240 is one of the tractors that the 2000 loader manual lists.
Chances are that this 2000 loader on Craigslist didn't come off a 240 Utility so you'll need to fabricate brackets and modify the mounting frame of the loader to make it fit. For $300, if the loader is any good, it would be well worth your time to make the modifications.
Any loader can be made to fit, and you usually have to MAKE it fit with a torch and welder unless it came off a similar tractor. I wouldn't bother with the 8N loader as it is made out of tubing and those tend to be pretty flimsy.
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