A mining loan pays for costs associated with owning or operating a mining business. This includes all costs and expenses associated with a mine site, including machines and equipment for drilling, excavating and extracting materials from the mine. This loan is specially tailored to meet the needs of a mine owner or operator.
SFS makes mining loans of $75,000 to $1,750,000 secured by assets with serial numbers or VINs.
Customer Loan Examples:
Gold Miner: Bought a screen plant
Loader: Bought a wheel loader and opened for business