Sawmill Financing: Finance Your Sawmill Equipment
Helping owners of small to mid-sized lumber businesses find the best sawmill financing solutions.
Financing a Sawmill
Running a sawmill business can be very profitable, but you’ll need the right equipment to operate at full capacity and maximize your earning potential. Because lumber machines and tools aren’t cheap, business owners often seek the help of sawmill financing providers to keep their operations going or to expand their capacity.
For over 40 years, Charter Capital has helped small to medium-sized businesses get the wood processing equipment necessary to succeed in this industry. We take pride in having contributed to the growth of hundreds of ventures by connecting their owners with the best lending partners who support them every step of the way.
Financing a sawmill is no walk in the park, and the investment can be quite hefty. But the price of equipment shouldn’t deter you from starting or expanding your business. Our experienced financial brokers can help you find the best lending provider with the most favorable equipment financing terms. That way you can worry less about funding and focus on growing your sawmill business even more.
Some examples of lumber equipment we can help finance are:
- Scragg mills
- Gang saws
- Slab edgers
- Slat tables
- Pellet mills
- Sharp chain scraggs
- Charring machines
- Sanding machines for barrels
- Hydraulic hoop presses
- Pallet slab recovery systems
- Barrel shapers
- Stackers and conveyors
- Log turners and sorting systems
- Standard and heavy-duty carriages
Looking for sawmill financing? Charter Capital can help you through the entire process of obtaining a loan. We have more than 20 lending partners in our network whom we have trusted for many years with the growth plans of our customers.
We know that starting or scaling a business in the lumber industry is no small feat, but financing a sawmill is made easy when you work with our expert brokers. Talk to our team today to learn more about the different options available to you.
Some of our customers...
- are interested in the lowest rate.
- are interested in a specific tax treatment.
- want to avoid breaching existing lending covenants.
- are interested in the longest term.
- are interested in getting reimbursed for equipment they have already paid for.
- want seasonal or other cyclical structures.
- want to finance software.
- want us to give the seller a deposit before the equipment is shipped.
All of our customers want a fair deal at a fair price and no surprises.
How To Get Approved for Sawmill Financing
Starting a sawmill business is an exciting venture, but the cost of equipment can make it challenging to get your venture up and running. Lumber processing and handling machines are expensive pieces of equipment that often require a loan. Here are some tips to help you succeed at getting approved for sawmill financing.
1. Shop around for the right lender.
Whether you’re looking for large scale or portable sawmill financing support, having the right lending partner by your side is essential to your long-term growth. As with any business, you’ll want to find a reputable company that has a clear understanding of your industry and can offer knowledgeable support when needed.
2. Know your credit score and history before applying for a loan.
Before you begin the sawmill financing application process, make sure you take the time to understand your credit score and how it can affect your evaluation. If your business has been operating for years and is showing a history of success, you will likely have a high credit score, making you more appealing to lenders.
Financing providers typically require a credit score of at least 650, so find out what your prospective lender’s minimum requirements are before filing an application. Having too many applications in the pipeline without proper preparation can hurt your score further.
3. Determine how much capital you will need to operate your business and acquire new equipment.
Identify what types of sawmill equipment you need and how their costs factor into your total financing needs. This is important when applying for sawmill financing because lenders want to make sure they can provide a loan that addresses your immediate and future business needs. This also helps guarantee your ability to repay what you owe.
4. Prepare your business plan prior to applying.
Ideally, you should start this process well in advance. Your sawmill business plan will highlight your financing needs and explain how the funds will be used to bring in more revenue. Not only is this beneficial when trying to secure a loan, but it also makes you a stronger candidate for future lending opportunities.
Financing a sawmill need not be complicated, even if the machines are expensive. You can obtain the funds you need to succeed in this business by seeking the help of Charter Capital’s capable financial brokers. We can connect you with the perfect funding provider that offers the most favorable terms.