Fecon Equipment Financing Guide

Fecon Equipment Financing — Bull Hog & FTX Forestry Mulchers

Q: Fecon vs FAE vs Rayco — which forestry mulcher is best?

Fecon, FAE, and Rayco are the top three dedicated forestry mulcher brands in North America. Fecon (Lebanon, Ohio) is the American choice, made in the USA with strong dealer and parts support. FAE (Italian-made, North American distribution) is often considered the premium option with slightly higher prices and excellent build quality. Rayco (Wooster, Ohio) also manufactures in the USA and is well-regarded for its complete stump grinders and forestry mulchers. For financing, Fecon and FAE are both well-known to specialty lenders. Rayco has strong brand recognition as well. All three are broadly financeable through AgDirect, Farm Credit, and equipment finance companies that specialize in land clearing.

Q: Can I finance a Fecon FTX tracked mulcher as a startup?

Yes, startup financing for Fecon FTX tracked mulchers is possible but requires preparation. Expect 20–30% down payment for new businesses (under 2 years), a personal credit score of 680+, and ideally a signed contract or letter of intent from your first customer. A startup plan demonstrating target markets — utility ROW contracts, municipal land clearing, real estate development — strengthens the application. FTX tracked mulchers ($85,000–$420,000) are specialty equipment, so use lenders that know the land clearing category: AgDirect, Farm Credit, or commercial equipment finance companies. Starting with a used FTX75L or FTX100L at $45,000–$80,000 reduces startup financing risk significantly.

Q: What is the monthly payment on a Fecon FTX148L?

A new Fecon FTX148L (148 HP tracked forestry mulcher) costs approximately $235,000–$320,000. At $275,000 financed over 60 months at 7.5% APR, monthly payments run approximately $5,493/month. At 72 months at 8%, payments drop to approximately $4,765/month. For established land clearing contractors with strong revenue and good credit, rates in the 6.5–7.5% range are realistic. At 60 months and $275,000 principal at 6.5%, expect approximately $5,379/month. Always get quotes from multiple specialty equipment lenders — rates for specialty forestry equipment vary significantly by lender.

Q: What is the income potential for a land clearing business?

Land clearing income varies significantly by market and machine type. A solo operator with a single tracked mulcher (FTX128L or larger) typically bills $2,500–$5,000 per day, generating $150,000–$400,000 in annual revenue with owner income of $60,000–$150,000 after equipment payments and expenses. A two-machine operation generates $350,000–$800,000. The highest-value work is right-of-way (ROW) clearing for utilities — pipeline companies, electric utilities, and municipalities. Established ROW contractors with 3–5 machines and utility contracts can generate $300,000–$1,200,000+ annually. Starting with residential and commercial land clearing builds the track record to pursue ROW contracts.

Q: How do I get right-of-way utility contracts for land clearing?

Getting utility ROW contracts typically requires: 1) A minimum of 1–2 years operating experience with documented safety record, 2) General Liability insurance at $1M–$2M per occurrence (utilities often require $5M), 3) ISNetworld or Avetta registration (most major utilities require this), 4) Ability to bond (performance bond for larger contracts), 5) A fleet capable of handling the volume — ROW projects often require multiple machines. Start by subcontracting to established ROW contractors to build experience and safety metrics. Contact the ROW procurement departments at regional electric cooperatives and pipeline companies directly. State DOT contracts for highway corridor maintenance are also good entry points.

Q: Fecon Bull Hog for skid steer vs a dedicated Fecon FTX mulcher — which should I buy first?

If you already own a high-flow skid steer or CTL, the Bull Hog attachment ($12,000–$32,000) is the lower-risk entry point into land clearing. The attachment leverages equipment you already own, the financing is simple (small dollar, easy to approve), and you can assess market demand before committing to a $100,000+ dedicated machine. The limitation: skid steer mulchers are slower and less productive than dedicated tracked mulchers. For serious land clearing volume — right-of-way work, large commercial site clearing — a dedicated FTX machine at $115,000–$420,000 is far more productive. If land clearing is your primary business, a dedicated FTX tracked mulcher is almost always the right long-term answer. If it's secondary work added to existing skid steer operations, start with the Bull Hog.

Q: What are the maintenance costs for a Fecon forestry mulcher?

Forestry mulchers are high-wear machines with significant ongoing maintenance costs. The main ongoing expense is rotor teeth/carbide bits — a set of carbide teeth for a Bull Hog or FTX mulcher costs $800–$3,500 per set, with replacement frequency varying from weekly (in rocky or rocky soil conditions) to monthly (normal conditions). Annual maintenance budget for a heavily used FTX tracked mulcher running 1,000+ hours: $12,000–$25,000 including teeth, belts, hydraulic services, and engine maintenance. Budget 8–12% of purchase price annually for maintenance on heavily used machines. Proper operation technique dramatically extends tooth life — rushing through rocky soil destroys teeth far faster than working at the right pace.

Q: Can I finance a used Fecon mulcher?

Yes. Used Fecon mulcher financing is available through specialty equipment lenders. Lenders typically finance machines up to 10–12 years old in good operating condition. A used Fecon FTX128L (5–7 years old) typically sells for $90,000–$140,000 at auction or through dealers. Used Bull Hog attachments in good condition sell for $6,000–$18,000. For used Fecon FTX machines, expect 15–20% down with specialty lenders. An independent equipment appraisal ($300–$600) can help with lender approval for older or high-hour machines. IronPlanet and Ritchie Bros. auction results are good comparable references for establishing value when approaching lenders.

Fecon manufactures some of the most productive land clearing equipment in North America — from Bull Hog skid steer attachments at $12,000 to the FTX175L tracked mulcher at $420,000. This guide covers monthly payment estimates, specialty lender requirements, how to finance as a startup, and income potential for land clearing contractors.

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$12K–$420KFecon Price Range

36–84 moLoan Terms Available

15–25%Typical Down Payment (FTX)

Lebanon, OHMade in USA 🇺🇸

Key Facts: Fecon Equipment Financing

Bull Hog BH085$18,000–$28,000

FTX128L Tracked$180,000–$250,000

FTX175L (Largest)$320,000–$420,000

Made InLebanon, Ohio USA 🇺🇸

Primary UseLand clearing, ROW maintenance, site prep

Lender TypeSpecialty equipment / AgDirect / Farm Credit

Bull Hog Attachments

Fecon Bull Hog Skid Steer & CTL Attachments

The Fecon Bull Hog is the flagship skid steer and compact track loader mulching attachment. Designed for high-flow hydraulic systems, Bull Hog attachments work with most high-flow skid steers (Cat, Bobcat, John Deere, Kubota) and compact track loaders. At $12,000–$32,000 depending on model, Bull Hog attachments are the most accessible entry point into Fecon's product line and the easiest to finance.

Model	Cut Width	Required Flow	Price Range (New)	60 mo @ 7.5%
BH040	40" cut	18–35 GPM	$12,000–$18,000	$240–$360/mo
BH074	74" cut	22–40 GPM	$15,000–$22,000	$300–$440/mo
BH085	85" cut	24–42 GPM	$18,000–$28,000	$360–$560/mo
BH100	100" cut	28–45 GPM	$22,000–$32,000	$440–$640/mo
BHO85-200	85" high-flow	32–50 GPM	$20,000–$30,000	$400–$600/mo

Bull Hog attachments in the $12,000–$32,000 range are financed easily through most equipment lenders, credit unions, or even small business loans. The small dollar amount and clear resale market make approval straightforward for contractors with 600+ credit and any established business history. See our forestry and tree equipment financing guide for attachment financing details.

FTX Dedicated Tracked Mulchers

Fecon FTX Series — Dedicated Tracked Forestry Mulchers

The FTX series represents Fecon's dedicated tracked forestry mulching machines — purpose-built land clearing equipment with their own drive systems, tracks, and engines. These are not attachments; they are complete machines. The FTX series ranges from the 75 HP FTX75L at $85,000–$125,000 to the 175 HP FTX175L at $320,000–$420,000. These are the machines used by professional ROW contractors and large-scale land clearing operations.

Model	Engine HP	Price Range (New)	60 mo @ 8%	72 mo @ 8%	Best For
FTX75L	75 HP	$85,000–$125,000	$1,722–$2,531	$1,489–$2,189	Small acreage, startup operations
FTX100L	100 HP	$115,000–$160,000	$2,329–$3,241	$2,014–$2,803	Residential/commercial clearing
FTX128L	128 HP	$180,000–$250,000	$3,645–$5,063	$3,151–$4,379	Heavy clearing, medium ROW
FTX148L	148 HP	$235,000–$320,000	$4,759–$6,482	$4,115–$5,607	Large ROW, utility corridor clearing
FTX175L	175 HP	$320,000–$420,000	$6,482–$8,505	$5,607–$7,356	High-volume ROW, pipeline clearing

FTX tracked mulchers are specialty equipment that require lenders familiar with land clearing. AgDirect, Farm Credit, and commercial equipment finance companies that specialize in forestry and land clearing finance FTX machines regularly. Established contractors with 2+ years and documented ROW work can expect 15–20% down. Startups should plan for 20–30% down.

TK & RK Series

Fecon TK Tractor Mulchers & RK Excavator Mulchers

Beyond the Bull Hog and FTX lines, Fecon produces TK series tractor-mounted mulchers (3-point hitch) for agricultural tractors and RK series excavator mulchers for conventional excavators. These product lines extend Fecon's capabilities to contractors who already own tractors or excavators.

Model	Series	Mount Type	Price Range (New)	Notes
TK85-200	TK Tractor	3-point hitch	$12,000–$20,000	Requires 85+ HP tractor
TK105-250	TK Tractor	3-point hitch	$15,000–$25,000	Requires 105+ HP tractor
TK150-300H	TK Tractor	3-point hitch	$20,000–$32,000	High-HP category, 150+ HP tractor
RK450-200	RK Excavator	Excavator arm	$18,000–$28,000	Fits 35–50 ton excavators
RK600-250	RK Excavator	Excavator arm	$22,000–$34,000	Fits 50–65 ton excavators
RK800-300	RK Excavator	Excavator arm	$28,000–$42,000	Fits 65–80 ton excavators

TK tractor mulchers can often be financed through ag lenders (Farm Credit, AgDirect) alongside or after a tractor purchase. RK excavator mulchers are typically financed with the excavator or as a separate attachment loan. See our stump grinder financing and wood chipper financing guides for related forestry equipment financing.

Brand Comparison

Fecon FTX128L vs FAE vs Rayco vs Caterpillar Mulcher

The dedicated tracked forestry mulcher market is dominated by a handful of manufacturers. Here's how the major options compare for financing, performance, and total cost of ownership.

Factor	Fecon FTX128L	FAE PTH/S	Rayco C140R	Cat M322F Mulcher
Engine HP	128 HP	130 HP	140 HP	180 HP (carrier)
Productivity (acres/day)	3–6 acres	3–6 acres	4–7 acres	5–8 acres
Price (New)	$180K–$250K	$200K–$280K	$210K–$270K	$380K–$480K
Warranty	1-year standard	1-year standard	1-year standard	1-year/2,000 hr
3-Year Residual	55–65%	55–65%	50–60%	65–75%
US Dealer Network	Strong	Good	Moderate	Extensive
Financing Availability	Specialty lenders, AgDirect	Specialty lenders	Specialty lenders	equipment lenders, all lenders
Made In	Lebanon, Ohio 🇺🇸	Italy 🇮🇹	Wooster, Ohio 🇺🇸	Multiple US plants 🇺🇸

For most startup and mid-tier land clearing contractors, the Fecon FTX128L or FTX148L offers the best balance of price, performance, and financing accessibility. The Caterpillar mulcher attachment on a Cat excavator carrier has better resale and easier bank financing, but at a significantly higher initial cost.

Skid Steer Attachment Comparison

Fecon Bull Hog vs FAE vs Denis Cimaf — Skid Steer Mulchers

Three brands dominate skid steer forestry mulcher attachments in North America. Each has different strengths and financing profiles.

Factor	Fecon Bull Hog	FAE UML/SSL	Denis Cimaf DAF
Price Range	$12,000–$32,000	$14,000–$38,000	$11,000–$28,000
Made In	Lebanon, Ohio 🇺🇸	Italy 🇮🇹	Quebec, Canada 🇨🇦
US Dealer Network	Strong	Good	Moderate
Financing Availability	Most lenders, easy	Most lenders, easy	Specialty lenders sometimes required
Parts Availability	Excellent (US-made)	Good (US distribution)	Good (Canadian import)
Tooth/Bit Replacement Cost	Mid-range	Higher	Competitive
Best For	US contractors, easier financing	Premium buyers, performance	Budget-conscious, Canadian buyers

Fecon and FAE are both well-known to specialty lenders and finance with minimal friction. Denis Cimaf, being Canadian-manufactured, occasionally requires specialty lenders — some US banks treat it as foreign equipment. For US contractors prioritizing easy financing, Fecon Bull Hog has a clear advantage. See our specialty equipment financing guide for more on financing Canadian and European brands.

Manufacturer Profile

About Fecon Inc. — Lebanon, Ohio

🇺🇸 Lebanon, Ohio

Fecon Inc.

Founded in 1992, Fecon Inc. is headquartered and manufactures in Lebanon, Ohio — about 30 miles northeast of Cincinnati. Fecon is a privately held company that has focused exclusively on forestry mulching and land clearing equipment since its founding. Their product focus (mulchers only) has made them a specialist brand highly respected in the ROW clearing and land clearing industries. All Fecon equipment is manufactured in the USA.

🇺🇸 US Manufacturing

Manufacturing & Distribution

Fecon's Lebanon, Ohio facility handles design, engineering, and manufacturing. The company sells through a dealer network across North America and directly to large ROW contractors and utilities. Fecon's US manufacturing base is a significant advantage for financing — lenders treat American-made equipment more favorably, and parts availability is generally superior to imported alternatives.

🏭 Product Focus

Product Lines

Fecon produces four main product lines: Bull Hog skid steer/CTL attachments, FTX dedicated tracked mulchers, TK tractor-mounted mulchers, and RK excavator mulchers. This exclusive focus on mulching equipment — rather than a broad equipment catalog — has made Fecon the brand of choice for professional land clearing operations. Fecon's Bite Limiter technology on rotor teeth is a recognized innovation in the industry.

Financing Details

How to Finance Fecon Equipment

Fecon is a well-established brand in land clearing and right-of-way contracting. The company has been manufacturing in Lebanon, Ohio since 1992, and their equipment has a documented secondary market with auction results on IronPlanet and Ritchie Bros. This gives lenders the collateral comfort needed to approve financing.

Lenders That Finance Fecon

AgDirect (Farm Credit Services of America): Strong ag lender that finances forestry and land clearing equipment, especially for agricultural-adjacent applications like pasture clearing. Good rates for established operators.
Farm Credit System (local FCAs): Local Farm Credit associations finance land clearing equipment, especially for rural landowners and forestry-adjacent businesses.
Specialty Equipment Finance Companies: Equipment finance companies that specialize in construction, forestry, and land clearing know the Fecon brand. They finance both Bull Hog attachments and FTX dedicated machines.
Community Banks (rural markets): In rural markets where land clearing is common, community banks often have experience with Fecon equipment specifically.

Down Payment Requirements

Borrower Profile	Bull Hog ($12K–$32K)	FTX100L–FTX128L	FTX148L–FTX175L
Established (3+ yrs, 680+ credit)	0–10%	10–15%	15–20%
Growing (2–3 yrs, 650+ credit)	10%	15–20%	20–25%
Startup (under 2 yrs)	10–15%	20–25%	25–30%
Poor credit (<600)	20–30%	30%+	May require cash

See our specialized lifting equipment financing guide and specialty brand financing guide for strategies that apply to Fecon and similar specialty manufacturers.

Income Potential

Land Clearing Business Revenue Estimates

Solo Operator

1 tracked mulcher (FTX128L–FTX148L)

$150K–$400K Revenue

$60K–$150K Owner Income

Day rates: $2,500–$5,000/day for a large tracked mulcher. 180–220 billable days per year. Mix of residential, commercial, and small municipal clearing work.

Growing Operation

2 machines + support equipment

$350K–$800K Revenue

$120K–$280K Owner Income

Adding a second FTX machine and brush rake / mulch blower combination. Pursuing commercial site prep and small utility work alongside residential clearing.

ROW Contractor

3–6 machines, utility contracts

$300K–$1.2M+ Revenue

$150K–$500K+ Owner Income

Right-of-way clearing for electric utilities, pipelines, and DOT. Higher billing rates ($4,000–$8,000/day per machine) on multi-month utility contracts. Highest-value segment in land clearing.

For full income projections and startup planning, see our tree service business income guide, how to start a tree service business, and tree service licensing requirements guides.

Equipment Financing

0% Down Available on All Brands

Axiant Partners finances all major equipment brands — Caterpillar, Komatsu, John Deere, XCMG, SANY, and 200+ more. 0% down available for qualified borrowers regardless of brand. Terms 36–84 months.

✓ 0% down for qualified borrowers
✓ All brands including XCMG and SANY
✓ New and used equipment
✓ Startups and established businesses
✓ Decision in 24–48 hours

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Common Questions

Fecon Equipment Financing — FAQ

Fecon vs FAE vs Rayco — which forestry mulcher is best?

Fecon, FAE, and Rayco are the top three dedicated forestry mulcher brands in North America. Fecon (Lebanon, Ohio) is the American choice, made in the USA with strong dealer and parts support. FAE (Italian-made, North American distribution) is often considered the premium option with slightly higher prices and excellent build quality. Rayco (Wooster, Ohio) also manufactures in the USA and is well-regarded for its complete stump grinders and forestry mulchers. For financing, all three are well-known to specialty lenders. Fecon's US manufacturing gives it a slight advantage with American lenders assessing collateral value.

Can I finance a Fecon FTX tracked mulcher as a startup?

Yes, startup financing for Fecon FTX tracked mulchers is possible but requires preparation. Expect 20–30% down payment for new businesses (under 2 years), a personal credit score of 680+, and ideally a signed contract or letter of intent from your first customer. A startup plan demonstrating target markets — utility ROW contracts, municipal land clearing, real estate development — strengthens the application. FTX tracked mulchers ($85,000–$420,000) are specialty equipment, so use lenders that know the land clearing category: AgDirect, Farm Credit, or commercial equipment finance companies. Starting with a used FTX75L or FTX100L at $45,000–$80,000 reduces startup financing risk significantly.

What is the monthly payment on a Fecon FTX148L?

A new Fecon FTX148L (148 HP tracked forestry mulcher) costs approximately $235,000–$320,000. At $275,000 financed over 60 months at 7.5% APR, monthly payments run approximately $5,493/month. At 72 months at 8%, payments drop to approximately $4,765/month. For established land clearing contractors with strong revenue and good credit, rates in the 6.5–7.5% range are realistic. Always get quotes from multiple specialty equipment lenders — rates for specialty forestry equipment vary significantly by lender. Call (919) 907-2611 or visit axiantpartners.com/match to compare lenders.

What is the income potential for a land clearing business?

Land clearing income varies significantly by market and machine type. A solo operator with a single tracked mulcher (FTX128L or larger) typically bills $2,500–$5,000 per day, generating $150,000–$400,000 in annual revenue with owner income of $60,000–$150,000 after equipment payments and expenses. A two-machine operation generates $350,000–$800,000. The highest-value work is right-of-way (ROW) clearing for utilities — pipeline companies, electric utilities, and municipalities. Established ROW contractors with 3–5 machines and utility contracts can generate $300,000–$1,200,000+ annually.

How do I get right-of-way utility contracts for land clearing?

Getting utility ROW contracts typically requires: 1) 1–2 years operating experience with a documented safety record, 2) General Liability insurance at $1M–$2M per occurrence (utilities often require $5M), 3) ISNetworld or Avetta registration (most major utilities require this), 4) Ability to post performance bonds for larger contracts, 5) A fleet capable of handling the volume. Start by subcontracting to established ROW contractors to build experience. Contact the ROW procurement departments at regional electric cooperatives and pipeline companies directly. State DOT corridor maintenance contracts are also a good entry point for newer operations.

Fecon Bull Hog for skid steer vs a dedicated Fecon FTX mulcher — which should I buy first?

If you already own a high-flow skid steer or CTL, the Bull Hog attachment ($12,000–$32,000) is the lower-risk entry point into land clearing. The attachment leverages equipment you already own, the financing is simple, and you can assess market demand before committing to a $100,000+ dedicated machine. The limitation: skid steer mulchers are slower and less productive than dedicated tracked mulchers. For serious land clearing volume — ROW work, large commercial site clearing — a dedicated FTX machine is far more productive. If land clearing is your primary business, a dedicated FTX tracked mulcher is almost always the right long-term answer. If it's supplementary work on top of existing operations, start with the Bull Hog.

What are the maintenance costs for a Fecon forestry mulcher?

Forestry mulchers are high-wear machines with significant ongoing maintenance. The main ongoing expense is rotor teeth and carbide bits — a set of carbide teeth for a Bull Hog or FTX mulcher costs $800–$3,500 per set, with replacement frequency varying from weekly (rocky or abrasive conditions) to monthly (normal conditions). Annual maintenance budget for a heavily used FTX tracked mulcher running 1,000+ hours: $12,000–$25,000 including teeth, belts, hydraulic services, and engine maintenance. Budget 8–12% of purchase price annually for maintenance on heavily used machines. Proper technique — not rushing through rocky soil — dramatically extends tooth life.

Can I finance a used Fecon mulcher?

Yes. Used Fecon mulcher financing is available through specialty equipment lenders. Lenders typically finance machines up to 10–12 years old in good operating condition. A used Fecon FTX128L (5–7 years old) typically sells for $90,000–$140,000 at auction or through dealers. Used Bull Hog attachments in good condition sell for $6,000–$18,000. For used Fecon FTX machines, expect 15–20% down with specialty lenders. An independent equipment appraisal ($300–$600) can help with lender approval for older or high-hour machines. IronPlanet and Ritchie Bros. auction results provide useful comparable sales data when approaching lenders.

Ready to Finance Your Fecon Equipment?

From a $15,000 Bull Hog attachment to a $420,000 FTX175L tracked mulcher, explore financing from lenders who specialize in land clearing and forestry equipment.

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Informational resource only. Not an offer of credit or guarantee of approval. Terms vary by lender and equipment type.