Forestry, Mining & Energy
Forestry, Mining & Energy Equipment Financing in Canada
Finance logging equipment, mining machinery, oilfield equipment and the trucks that support them through one process with access to 40+ financing sources. Raymond Leigh works with contractors in forestry, mining, aggregates and energy across Canada on transactions of roughly $50,000 to $5 million.
At a Glance
Resource Equipment Financing in Canada: At a Glance
What can be financed
Feller bunchers, skidders, forwarders, log loaders, haul trucks, drills, crushers, pumps, compressors, generators and service trucks.
Transaction size
About $50,000 to $5 million, from a used skidder to a crushing spread.
Used equipment
Used resource equipment may be considered based on age, hours, condition and resale market.
Remote operations
Equipment working in remote areas can still be financed. Inspections and photos may be arranged differently.
Contract-backed work
Mill, mine or energy contracts can support the application.
Equipment you already own
Equity in owned equipment may support refinancing or a sale-leaseback.
Forestry, Mining & Energy
Financing Built Around Resource Contractors
Resource work is equipment-heavy and contract-driven. Logging contractors, mining contractors and energy service companies run specialized machines that are expensive to buy and expensive to leave idle, and they usually need them when a contract starts, not when cash allows.
Revenue is cyclical. Lumber and commodity prices, mill demand, spring breakup and project schedules all move cash flow up and down. Financing lets a contractor take on work when it is available without draining the reserves needed for slower months.
Specialized iron also needs lenders who understand it. Some financing sources know feller bunchers, crushers and vac trucks well; others will not look at them. Access to more than one source is often the difference between a deal that closes and one that does not.
Equipment
Forestry, Mining & Energy Equipment We Finance
These are the main categories of resource equipment we work with.
Forestry
Feller bunchers, skidders, forwarders, harvesters, processors and log loaders.
Logging transport
Logging trucks, chip trucks, lowbeds and log trailers.
Mining
Excavators, dozers, haul trucks, loaders, drilling equipment and underground mining equipment.
Aggregate
Crushers, screening plants, conveyors and wash plants.
Energy and oilfield
Pumps, compressors, generators, drilling equipment and light towers.
Support
Vacuum trucks, water trucks, picker trucks, service trucks and specialized trailers.
Forestry
Forestry Equipment Financing
Yes, forestry and logging equipment can be financed in Canada, new or used, subject to the machine, its hours and the contractor's history and contracts.
Feller Buncher Financing
Feller bunchers are among the highest-value machines in mechanized logging. Financing sources look at the base machine, the felling head, hours and the contractor's experience and mill contracts. Tracked and wheeled units can both be financed.
Skidder & Forwarder Financing
Grapple skidders, cable skidders and forwarders move wood to roadside. They are often financed together with a feller buncher or processor as one logging package, which keeps the whole system on one schedule.
Harvesters, Processors & Log Loaders
Cut-to-length harvesters, processors, delimbers and log loaders can be financed new or used. Head condition and hours matter as much as the carrier.
Logging Truck Financing
Logging trucks, chip trucks and log trailers are financed as heavy trucks with specialized equipment. See commercial truck financing for how trucks are reviewed.
Mining
Mining Equipment Financing
Mining equipment financing is available for contractors and producers working surface, underground and aggregate operations, subject to the asset and the work behind it.
Mining Machinery Financing
Excavators, dozers, wheel loaders, rock trucks and haul trucks are financed for mining contractors on surface projects. Financing sources focus on the contract, the equipment's resale market and the contractor's track record.
Underground & Drilling Equipment Financing
Underground loaders, drills and support equipment are more specialized, so fewer financing sources work with them. Detailed specifications and the operating contract help.
Crushing & Screening Equipment Financing
Jaw and cone crushers, screening plants, conveyors and wash plants are financed by aggregate producers and contractors supplying road and construction projects. A full spread can be financed together.
Energy & Support
Energy, Oilfield & Support Equipment Financing
Energy and oilfield equipment can be financed in Canada, along with the trucks and trailers that support resource work.
Oilfield Equipment Financing
Pumps, compressors, generators, drilling equipment and light towers are financed by energy service companies. Financing sources look at utilization, contracts and the equipment's resale market.
Support Equipment Financing
Vacuum trucks, water trucks, picker trucks, service trucks and specialized trailers keep forestry, mining and energy sites running. They can be financed on their own or with the main equipment.
Heavy Equipment Refinance
Contractors who own equipment outright can use heavy equipment refinancing or an equipment sale-leaseback to fund a new contract or bridge breakup season.
Financing Options
Financing Options for Resource Contractors
The best structure depends on the equipment, the contract and the season.
Equipment Financing
Finance new or used resource equipment with the equipment as security.
Explore equipment financingSeasonal Payment Structures
Some financing sources can schedule payments around breakup or seasonal shutdowns.
Multi-Asset Financing
Finance a full logging package or crushing spread in one transaction.
Private Sale & Auction Financing
Equipment bought privately or at auction may be financed when value and title are clear.
Equipment Refinance
Borrow against equity in equipment the business already owns.
Explore equipment refinanceSale-Leaseback
Sell owned machines to a financing source and lease them back, freeing cash for a contract start-up or a slow season.
Explore sale-leasebackUse Cases
Common Resource Financing Scenarios
Starting a logging contract
A logging contractor wins a new mill contract and finances a feller buncher, skidder and processor.
Replacing high-hour machines
A mining contractor replaces haul trucks with high hours to reduce downtime.
Adding a crushing spread
An aggregate producer finances a crusher and screening plant to supply a road project.
Expanding energy services
An energy service company finances vacuum and water trucks for a new client.
Bridging breakup season
A forestry contractor uses a sale-leaseback on owned equipment to fund operations through spring breakup.
Ontario & Quebec
Ontario and Quebec Notes for Resource Contractors
Northern Ontario and Quebec are among Canada's biggest forestry and mining regions. These points come up often. They are general information, not legal or tax advice.
Remote operations
Contractors working around Sudbury, Timmins, Thunder Bay, Abitibi-Témiscamingue and the Côte-Nord are often far from dealers and lenders. Inspections can sometimes be handled with photos, video and service records.
Lien searches
Used resource equipment changes hands often. Lenders search the PPSA registry in Ontario or the RDPRM in Quebec before funding, particularly on private sales.
Mill and mine contracts
A contract with a mill, mine or producer is often the strongest part of the file. Have it ready to share along with the work schedule.
For resource equipment dealers
How Forestry, Mining & Energy Equipment Dealers Can Offer Customer Financing
Forestry, mining and energy equipment dealers can offer customer financing through Raymond Leigh. You introduce the contractor, and we route the deal to financing sources that know resource equipment and its resale markets.
Contractors usually buy when a contract lands, and timing matters. A dealer financing program lets your team show a payment alongside the quote and get the file moving the same day. When a contractor's bank does not understand a feller buncher or a crusher, the deal still has somewhere to go.
Financing can cover new machines, used and rental-return inventory, attachments and full packages. You keep the relationship and the sale. We take care of the application, lender selection and documents, and keep you updated so delivery can be planned.
How can forestry equipment dealers offer financing?
Introduce the contractor to Raymond Leigh with the quote. We arrange financing through third-party sources that understand logging equipment, and you keep the sale.
Can used and rental-return equipment be financed?
Often, yes. Used and ex-rental resource equipment is reviewed on age, hours, condition and resale market.
What if the contractor's bank declines?
Other financing sources may view the equipment and the contract differently. A decline from one lender does not mean every lender will decline, though approval is never guaranteed.
Why Raymond Leigh
One Financing Process. More Places to Take the Deal.
Many lenders avoid specialized resource equipment or remote operations. Raymond Leigh brings one application to 40+ financing sources, including sources familiar with forestry, mining and energy assets, and matches the deal to the ones that fit.
- Forestry, mining, aggregate, energy and support equipment
- New, used, private-sale and auction purchases where appropriate
- Packages and multi-asset transactions
- About $50K to $5M per transaction
- Refinancing and sale-leaseback on owned equipment
- Canada-wide, including Northern Ontario and Quebec
How It Works
How Resource Equipment Financing Works
Applying does not commit you to anything, and approval is never guaranteed. Here is what happens after you reach out.
Tell Us About the Equipment
Send the equipment details, price and basic information about your business and contracts.
We Review the Transaction
We review the contractor, the equipment and the financing needed.
We Identify Financing Options
Your file is matched with financing sources that understand forestry, mining or energy assets.
Complete the Transaction
When documents and conditions are met, funds go to the dealer or seller, often ahead of a contract start.
FAQ
Forestry, Mining & Energy Financing Questions
Yes. Used forestry equipment is commonly financed based on age, hours, condition and price. Head and undercarriage condition are reviewed closely.
Yes. Mining machinery, haul trucks and drilling equipment can be financed for contractors and producers, subject to the asset and the contract.
Yes. Pumps, compressors, generators and service trucks can be financed for energy service companies.
Some financing sources offer seasonal or skip-payment schedules for forestry contractors. It is reviewed on each file.
Yes. Crushers, screens, conveyors and wash plants can be financed together as one transaction.
Potentially. A refinance or sale-leaseback can turn equity in owned machines into working capital for a new contract.
Set up a referral process with Raymond Leigh. Your team introduces contractors, and we arrange financing with third-party sources.
Often, yes. Felling heads, harvester heads and attachments can be financed on their own or with a machine.
Next Step
Equip the Next Contract
Tell us about the equipment and the contract. We will review it and show you the options.