Skidder Financing

Skidders are indispensable machines in the logging industry, hauling logs from the forest to the logging landing. You can equip your business with this crucial machinery by choosing skidder financing from BNC Finance. This guide will walk you through how to get skidder financing with BNC Finance, the types of skidders you can finance, and alternative financing options.

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How to Finance a Skidder?

The process to secure skidder financing with BNC Finance is straightforward:

  1. Application

    Begin by completing an online application on the BNC Finance website. This application will require basic business information and a description and/or quote for the skidder you want to finance. Additional documentation may be required in some cases.

  2. Review and Approval

    After you submit your online financing application, BNC Finance will review it. If you meet the necessary qualifications, your financing typically gets approved within a few business days.

  3. Funding

    Once your financing is approved, the necessary documentation is executed, and a verbal verification is completed. The funds are then released directly to the vendor or equipment dealer from whom the skidder is being purchased.

Apply for Skidder Financing

Types of Skidders That Can Be Financed 

BNC Finance provides financing solutions for an array of skidder types, catering to diverse logging requirements:

  1. Grapple Skidders: Equipped with a hydraulic grapple mounted on an articulated arm at the rear, these machines are designed for efficient log transportation. The grapple skidder’s hydraulic system grips logs securely, eliminating the need for the operator to manually hook them up. This increases operational safety and speed, making them ideal for moving sizable loads in various terrain types.
  2. Cable Skidders: Designed for operating in challenging terrains where grapple skidders might have difficulty, cable skidders utilize a powerful winch and robust choker cables to drag logs. Despite being slightly more complex in operation-requiring the operator to manually wrap the cable around the logs-these skidders can access hard-to-reach areas, offering enhanced versatility in forest harvesting operations.
  3. Clambunk Skidders: Designed for large-scale, high-efficiency logging operations, these skidders come with a sizeable, clam-like bunk that can securely hold multiple logs simultaneously. This mechanism allows for considerable load capacities, reducing the trips needed to transport logs from the cutting site to the landing area. The result is a significant boost in productivity, particularly in clear-cut areas.

In addition to offering financial solutions for these types of skidders, BNC Finance also accommodates diverse purchasing scenarios:

  1. Private Seller Financing: If you’re considering purchasing a skidder from a private seller, BNC Finance can provide bespoke financial arrangements. We understand the unique aspects of private sales, and we can work directly with both parties to facilitate a smooth transaction.
  2. Auction Financing: Attending in-person or online auctions is an excellent way to acquire quality skidders at competitive prices. However, the nature of auctions can make financing a little tricky. BNC Finance offers pre-approved credit lines for auctions, allowing you to bid with confidence, knowing your financing is secure.

Remember, the specific financing terms and availability may depend on several factors, including the model, age, condition of the skidder, your credit score, and the policies of BNC Finance.

Alternatives to Skidder Financing

While skidder financing is a common choice for many businesses, BNC Finance also provides alternatives that might be more suitable for your specific needs:

  1. Line of Credit: A business line of credit provides flexible access to funds up to a set limit. You only pay interest on the funds you use, making it a cost-effective choice for ongoing operational expenses, including equipment maintenance and upgrades.
  2. Working Capital Term Loans: These loans offer set payment terms over a period. They are generally used for larger, one-time expenses. A working capital term loan could be an excellent choice if you’re planning a significant investment in advanced skidders or expanding your operations.

In conclusion, skidder financing with BNC Finance provides numerous opportunities for businesses in the logging industry. By understanding the financing process, knowing the types of skidders you can finance, and considering the alternatives, you can make an informed decision for your business’s financial needs.