Bandit
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Mehmi Financial Group helps businesses finance and lease Bandit equipment, including forestry equipment, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Bandit units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Bandit
Bandit Industries began in 1983, when Mike Morey Sr. and six employees built the first Brush Bandit chipper in a small mid-Michigan pole barn, according to Bandit. Today Bandit is employee-owned, has 560,000 square feet of manufacturing space and sells in over 56 countries.
Bandit equipment
Bandit builds hand-fed and whole-tree chippers, stump grinders, horizontal grinders (The Beast) and Arjes slow-speed shredders. Tree care companies, utility line-clearance contractors, land clearers and mulch producers are its main customers.
How lenders view chippers and grinders
Lenders review hours, engine condition, wear parts and the work behind the machine: tree care contracts, utility clearance, land clearing or mulch sales. Horizontal grinders are expensive, so documented volumes or contracts strengthen the application.
Financing Bandit equipment
Tree care companies often finance a chipper with a truck, and land clearers may finance a grinder with a loader. Seasonal payments may suit businesses with winter slowdowns.
How Bandit equipment financing works
Most Bandit purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.
What lenders check on a Bandit forestry equipment
Lenders look at hours, component condition and the contracts or cutting rights behind the work. Forestry equipment is specialized, so lender appetite and terms vary more than for general construction machines.
Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and hours, and financial statements or tax returns for larger amounts.
See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.
All Bandit models with financing pages
| Model | Type | Category |
|---|---|---|
| Bandit Chipper & Grinder | Equipment | Forestry |
Tax treatment of Bandit equipment
In Canada, the CCA class depends on the asset and how it is used. Your accountant can confirm the right class. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.
Frequently asked questions
Can I finance a used Bandit chipper?
Yes. Lenders review hours, engine condition and your work.
Is Bandit employee-owned?
Yes. Bandit says its equipment is built by employee-owners.
Can I finance a Bandit horizontal grinder?
Yes. Lenders look at contracts or material volumes.
Can a tree care company finance a chipper with a truck?
Some lenders will finance both together.
Can I finance a Bandit stump grinder?
Yes. Lenders review the machine and your business.
Can payments be seasonal?
Some lenders offer reduced or skip payments in slow months.
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