Logging & Forestry

There is no standard down payment required. However, for start-up logging and forestry businesses, 10-20% of the equipment cost is required as a down payment. The more business and personal borrowing history you have, the more likely you will be able to qualify for zero-down.

Feller buncher, log loaders, saw mills, woodchippers, mulching equipment

There is no application fee for applying. If approved and you proceed with the funding process, the fees will depend on the structure of your deal. Our standard documentation fee ranges from $200-$700 depending on the loan size, but there could be additional fees for services like titling or a site inspection.

Once we receive your application, our credit team will review your information and provide you with a decision typically within 4 business hours. If your application is approved, one of our sales representatives will guide you through your payment terms over the phone. At this stage, if additional documents are required, a sales representative will collect those from you as well. From that point, our funding team will reach out directly to you to finalize the documents and schedule the funding. If everything is provided to us promptly, we are able to fund as soon as the next day.

1. All we need to make a decision on your file is our one-page application. In some cases, we may require the last 3 months of your bank statements depending on the dollar amount and/or your credit history.
2. If approved, your approval may have contingencies attached to it that must be completed in order to start the funding process. Common contingencies include proof of business ownership, time in business, and income. Once those contingencies are cleared, you’ll need to provide the funding documents which includes driver’s license, voided check, and anything else required depending on the nature of the loan.

To qualify for financing, you must have a minimum FICO score of 610. An ideal customer has established operations and extensive borrowing history.

While working with your sales representative, it may be beneficial to provide them with contracts you have secured for upcoming projects, notify them if you have cash reserves to make a down payment with, or inform them of additional collateral that you own free and clear you are willing to utilize to secure the loan.

Our rates start at 6.99% and we offer terms ranging from 24-72 months. Your rate is dependent on your credit profile, collateral type, time in business, and borrowing history.

Payments will be automatically drawn from your account on the 1^st or the 10^th of each month via ACH.

With strong rates and flexible terms, we offer competitive logging and forestry financing and impeccable speed with our services. We underwrite and release funds to the sellers quicker than many of our competitors so you can get the equipment you need faster.