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Forestry

Our dedicated Forestry loan is designed to meet the financial needs of our members involved in the forestry industry. Whether you’re looking to acquire or repair logging equipment, obtain a logging concession license, engage in timber merchandizing, or have other forestry-related needs, our loan is here to support your endeavors.

  • Loan Purposes: Logging equipment (purchase and repair), logging concession license, timber merchandizing, other sectors (TTCU Board of Directors may approve).
  • Loan Size: Up to $125,000
  • Interest Rate: 15%
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Supporting Documents for Loan Application

To facilitate a smooth application process, we require the following documents:

  1. Logging License/Concession: Proof of a valid logging license or concession is required to ensure compliance with regulatory requirements.
  2. Ownership Title for Machinery and Equipment: Providing documentation of ownership establishes the collateral for the loan.
  3. Sale Agreement for Machinery (where appropriate): A sale agreement adds clarity to the transaction, especially when acquiring machinery.
  4. Terms and Conditions for Bill of Sale: Defining the terms and conditions of the bill of sale ensures transparency and mutual understanding between the parties involved.

Why Choose TTCU’s Forestry Loan?

  1. Specialized Support: Our Forestry loan is tailored to the unique needs of the forestry industry, providing the financial assistance you require.
  2. Generous Loan Size: Access up to $125,000 to meet your forestry-related goals, whether it’s equipment, purchases, repairs, or licensing.

How to Apply:

Applying for our Forestry loan is simple! Visit one of our branches to pick up an application form. Our friendly staff is ready to assist you through the application process and answer any questions you may have.

At Toledo Teachers Credit Union, we are committed to supporting the growth and sustainability of the forestry industry. Take the next step toward achieving your forestry goals with our Forestry loan product.

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