HSM
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Mehmi Financial Group helps businesses finance and lease HSM equipment, including forwarders, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used HSM units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About HSM
HSM was founded in Germany in 1971 by Hermann Schwelling as Hermann Schwelling Maschinenbau, according to Recycling.com. HSM has built baling presses for reducing recyclable volume for more than 50 years, along with document shredders.
HSM equipment
HSM balers are used by retailers, warehouses, manufacturers and recyclers to compact cardboard, plastic and other recyclables, while its shredders serve offices and data destruction businesses.
How lenders view balers
Balers are financed on the business's cash flow and the savings or revenue from recycling. Lenders review the quote, installation and financials.
Financing HSM equipment
Balers are often financed with other warehouse or recycling equipment. Installation can sometimes be included.
How HSM equipment financing works
Most HSM 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.
HSM equipment we help finance
Financing HSM forwarders
Forwarders are financed by logging contractors. Lenders review hours, crane and bunk condition, and the contracts or cutting volumes that support payments. Forestry lenders may also review seasonal access and road restrictions that affect cash flow.
HSM forwarders on our eligible equipment list include HSM 805 Forwarder.
What lenders check on a HSM forwarder
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 HSM models with financing pages
| Model | Type | Category |
|---|---|---|
| HSM 805 Forwarder | Forwarder | Forestry |
| HSM 904Z Forestry Hauler | Equipment | Forestry |
| HSM Hohenloher | Equipment | Forestry |
Tax treatment of HSM 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.
End-of-term options on a HSM lease
A $1 buyout lease is built for ownership: you keep the machine for a nominal amount at the end. A fair market value lease usually has a lower payment, and at the end you can buy the equipment at its market value, return it or upgrade. Read the return conditions, such as hour limits and wear standards, before you sign.
Who finances HSM equipment
Forestry: logging contractors, sawmills, land-clearing firms, road builders in resource areas and forestry service companies finance HSM equipment to take on new work, replace aging units or add capacity.
The right structure depends on how the equipment earns money. A machine tied to a long contract can support a longer term, while seasonal work may call for skip or seasonal payments that some lenders offer.
Questions to ask the dealer or seller before you finance
- What is the exact model year, serial number and hours?
- Is there a service history or recent inspection report?
- Is any warranty or extended coverage included, and does it transfer?
- Are attachments, delivery, installation and taxes itemized on the quote?
- For a private sale, is the equipment free of liens, and who will provide the bill of sale?
Insurance on financed HSM equipment
Lenders and lessors require the equipment to be insured for its replacement or financed value, with the lender named as loss payee, before funding. Some also ask for liability coverage. Getting an insurance quote early avoids last-minute delays.
Frequently asked questions
Can I finance an HSM baler?
Yes. Lenders review your cash flow and the quote.
Where is HSM from?
HSM was founded in Germany in 1971.
Can a recycler finance HSM equipment?
Yes. Lenders review recycling volumes and financials.
Can installation be included?
Some lenders include installation.
Can a retailer finance a cardboard baler?
Yes. Lenders review the store's financials.
Can shredders be financed?
Yes, often as part of a larger package.
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