Refinance forestry equipment loan in Maine
Paid-off iron is equity you can use. A heavy equipment refinance in Maine lets you pay off what you owe, pull cash out of what you own, or both, at up to 60% of the equipment’s liquidation value, with one fixed monthly payment.
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The program at a glance (subject to approval)
- Up to 60% of the equipment’s orderly liquidation value (heavier, higher-value machines get the higher advance)
- $10,000 to $750,000 per deal
- 36-month term, fixed monthly payments, $0 down
- Rates starting at 9.9% for qualified files
- Heavy equipment (yellow iron), plus farm and forestry machines with enough value, 15 years old or newer
- 700+ FICO, clean PayNet, 3+ years in business; soft inquiry to apply
Machines that qualify in Maine
Advance is based on orderly liquidation value: the heavier and more in-demand the machine, the closer you get to the 60% cap.
Equipment and how lenders view it
| Equipment | Examples | How it usually advances |
|---|---|---|
| Earthmoving | Excavators, mini excavators, dozers, wheel and track loaders, backhoes | Strongest; closest to the 60% cap |
| Compact equipment | Skid steers, compact track loaders, mini loaders | Good; smaller units are often combined into one deal |
| Road and paving | Motor graders, pavers, rollers, milling machines | Good when 15 years old or newer |
| Lifting | Telehandlers, cranes | Case by case on age and hours |
| Excavation and site work | Trenchers, attachments with the base machine | Attachments count when pledged with the machine |
| Landscaping | Compact track loaders, mini excavators, skid steers used for landscape and hardscape | Good when the package meets the $10,000 minimum |
Swipe to see the full table.
Farm and forestry equipment
Yes, tractors and logging equipment can qualify. The test is value: there has to be enough in the whole package to support the deal.
Farm and agriculture
Larger tractors, combines, sprayers and similar machines that hold their value. Several units can be pledged together.
Forestry and logging
Skidders, feller bunchers, forwarders, loaders and processors 15 years old or newer.
What the payment looks like
Fixed for 36 months, $0 down. Here is the math at the starting rate so you can size the deal before you call.
Sample monthly payments (illustration)
| Amount financed | 36 months at 9.9% |
|---|---|
| $50,000 | about $1,611 |
| $100,000 | about $3,222 |
| $250,000 | about $8,055 |
| $450,000 | about $14,499 |
| $750,000 | about $24,165 |
Illustration only, at the starting rate for qualified files. Your rate and payment depend on approval.
How the deal is structured
Every refinance gets papered to fit the equipment and the file. Depending on the machines and your credit, the lender writes it one of three ways. All three end the same way for you: cash or a payoff now, one fixed monthly payment for 36 months.
Lease
The lender takes ownership of the units and leases them back to you with a fixed monthly payment. Common when the equipment is free and clear.
Equipment finance agreement (EFA)
You keep ownership and the lender holds a security interest in the specific units. Simple, fixed payments, no balloon.
Term loan secured by the assets
A loan collateralized by the specific machines: the lender is added as lienholder on titled units, or files a new UCC on the specific serial numbers for non-titled iron. Not a blanket lien on the whole business.
Prepayment: whether you can pay it off early, and what that costs, depends on which agreement your deal is written on. Ask for it in writing before you sign.
Put simply, this is a monthly payment working capital cash out refi on heavy equipment: the advance is capped at 60% LTV, and you pay it back in fixed monthly installments, not daily or weekly debits.
Who qualifies in Maine
The bar is set for established operators. We would rather tell you that up front than after you send three months of statements.
Business and credit
700+ personal FICO, a clean PayNet (business equipment payment) history, and at least 3 years in business. Soft inquiry when you apply.
Equipment
Heavy equipment (yellow iron) 15 years old or newer, plus farm and forestry machines when there is enough value in the whole package. Value is based on orderly liquidation value, not retail.
Deal size
$10,000 to $750,000. Several machines can be combined into one deal to reach the size you need.
What you get
Up to 60% LTV, $0 down, 36 months fixed, rates from 9.9% for qualified files. All subject to approval.
Want the full program page? See our equipment cash-out refinance program, or compare it with heavy equipment financing for machines you are buying.
Not a fit for this program? Here is what works instead
No single program fits every business. If your equipment or your file falls outside the refinance guidelines, there is usually another way to get to the cash. Here is how we route it.
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Other equipment and situations
| If you have… | Why it is outside this program | What we do instead |
|---|---|---|
| Trucks, trailers, fleet vehicles or an owner-operator rig | The refinance lender takes heavy equipment only | Commercial truck financing for vocational trucks, or a sale-leaseback |
| Medical, restaurant, POS, office or technology equipment | Soft and specialty equipment is not yellow iron | New or replacement equipment through equipment leasing: terms up to 60 months, most with a $1 buyout, low fixed payments that conserve cash, an inflation buster, and possible Section 179 deductions |
| CNC, manufacturing, industrial machinery, marine, aviation or oil and gas equipment | Outside the refinance lender’s collateral list | A sale-leaseback or working capital, reviewed case by case |
| Credit under 700, a startup, or under 3 years in business | The program requires 700+, clean PayNet and 3+ years | Bad credit equipment leasing or working capital, priced for the risk |
| A need for no-doc, same-day money | Refinance needs equipment details and a review | Working capital can move faster. Honestly, approved today usually means funded the next business day, not same day |
| Equipment older than 15 years | Past the age limit | A sale-leaseback or working capital |
| Interest in an SBA or USDA refinance | A different, government-backed product | SBA loans: longer terms and lower rates, but slower and paperwork-heavy |
Swipe to see the full table.
See what your iron is worth in Maine
Send us the equipment list and we will tell you straight what it can do. Soft inquiry, no obligation.
Refinance forestry equipment loan in Maine: FAQ
What equipment qualifies in Maine?
Heavy equipment (yellow iron) such as excavators, dozers, loaders, backhoes, graders, skid steers and compact track loaders, 15 years old or newer. Farm and forestry machines qualify when there is enough value in the whole package.
How much can I get?
Up to 60% of the equipment’s orderly liquidation value, from $10,000 to $750,000 per deal. Heavier, more valuable machines get the higher advance.
Can I refinance equipment I still owe on?
Yes. The refinance pays off your current lender and can put cash in your pocket in the same deal, as long as the total stays within 60% LTV.
What is the term and down payment?
36 months, fixed monthly payments, $0 down, with rates starting at 9.9% for qualified files, subject to approval.
Who qualifies?
Businesses with 700+ FICO, a clean PayNet history and 3+ years in business. Applying is a soft inquiry.
Do trucks and trailers qualify?
Not for this program. Trucks go through commercial truck financing or a sale-leaseback.