Discover Mining Asset-Based Lending in Duluth

Harness the Power of Mining Asset-Based Lending Today

Access to reliable financing is critical in the mining industry, and our mining asset-based lending solutions provide flexible capital backed by your valuable assets. We serve mining companies throughout Duluth, MN, offering tailored lending options that optimize cash flow and support operational growth. Whether you need working capital or funds for expansion, we leverage equipment, inventory, and receivables to help you maintain financial agility. Partnering with The MEC Group Inc. means receiving expert guidance and competitive rates designed specifically for mining asset-based lending in your area. Contact us today to explore your financing opportunities with confidence.

MINING EQUIPMENT FINANCING

Here at The MEC Group, we are solely dedicated to providing financing and equipment procurement solutions for the Mineral Mining Industry. MEC is the only equipment finance company that concentrates on underground, surface, open-pit and highwall mining operations and equipment. That is why we hold a “best in class” reputation in the mining industry – and we would welcome the opportunity to show you why!

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WHAT WE DO

The MEC Group is solely dedicated to providing financing and equipment procurement solutions for the Minerals Mining Industry. Our unique understanding of mining equipment, applications and operations allows us to offer non-traditional and traditional financing options to fit your specific needs. The pressure of today’s, "War on Coal" and production challenges are tough. Work with an industry partner who understands that your bottom line and success depend on reducing your cost per ton, while increasing your production and operating time.

ABOUT OUR FINANCING

The MEC Group assists Mine Operators in obtaining the essential equipment and working capital they require to maintain their competitive edge. Our Group focuses on 3 predominate business areas to provide our customers with a broad range of benefits. These areas of concentration are:

Equipment Procurement

Many of our customers are in high growth mode. They either need to upgrade their current equipment or are seeking an economic avenue to expand their operations. Subsequently, MEC has the capabilities and resources to procure equipment for our clients or sell their assets. We also have the resources to recover and remarket leased or financed collateral for other lenders and finance companies.

Equipment Financing and Leasing

Through our group of capital partners, MEC is able to structure financial solutions that accommodate each customer’s specific financial requirement(s). MEC's Cost Per Ton Program allows mining operations to acquire the essential equipment and services they need. Our ability to create non-traditional and traditional financing structures, provides our customers with; increased production and safety, while reducing down time and their cost per ton. 

Working and Acquisition Capital

Because of our relationship with a variety of investors and financial institutions, MEC can provide established mining companies with the needed capital to expand their operations for land and lease acquisitions. 

Where Can I Find Reliable Mining Asset-Based Lending in Duluth?

For businesses seeking dependable financing solutions, mining asset-based lending offers a strategic way to leverage equipment and resources efficiently. We specialize in mining asset-based lending, serving companies around Duluth, MN, with tailored loan options designed to support growth and operational needs. Our approach to mining asset-based lending focuses on flexibility and speed, ensuring your mining assets translate directly into working capital. By choosing us for mining asset-based lending, you gain a partner skilled in navigating the unique challenges of the mining industry. Whether your goals are expansion or stabilization, we are committed to providing reliable mining asset-based lending solutions that power your success.

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Get a free quote on our mining equipment financing today, and see why our prices can't be beat!

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Have a question? We are here to help. Send us a message and we’ll be in touch. 

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Frequently Asked Questions

  • Who is the MEC Group?

    The MEC Group is the leading Equipment Lender for the Mineral Mining Industry. We offer both  equipment financing and working capital loans.  If you are starting a new mining project or upgrading/replacing essential use equipment, we can assist with; reducing your cost per ton, increasing productivity and operating hours while enhancing your focus on safety.  Our understanding of underground, surface, open-pit, and highwall mining operations, contribute to our  “best in class” reputation when it comes to financing your mining equipment.  

  • What kind of financing options are available?

    We provide a variety of traditional and non-traditional financing options that meet your production and cash flow needs.  No matter the mining equipment or your budgetary challenges,  we can structure finance terms that reduce your cost per ton and increase your operating hours.

  • What kind of equipment do you provide?

     When available, we offer a variety of used and rebuilt mining equipment. From shuttle cars and roof bolters to Yellow Iron and Highwall Miners, The MEC Group can offer, economical equipment alternatives. And yes, all our used equipment can be financed. 

  • Who is Ron Smith?

    With over 33-years of experience in the Leasing Industry, Ron has acquired a deep understanding of the financial industry and what it takes to build strong partnerships. He has held business development and middle/senior management roles with such notable organizations as: IBM Financial Services, GE Capital, Dell Financial Services and Key Equipment Finance.  He has also used his expertise to  conduct Asset Valuation Projects for mining operators.

     

    For over 13-years, The MEC Group has strictly focused on the Coal Mining Industry. His knowledge of mission critical, coal mining equipment and their application, provides Ron an unique understanding of mining operations, which few lenders pocess. 


    Since establishing The MEC Group , Ron has assisted mine operators with over $700MM of equipment financing.


    Prior to entering the Finance Industry, Ron was the Chief Paramedic for the Chicago Fire Department. As Chief, he was responsible for 680+ highly dedicated Paramedics, a $70MM Operating Budget and the day-to-day operations of the City's Emergency Medical Services.


    Ron received his BS  Degree from St. Norbert College and earned his MBA from, Northwestern University, Kellogg School of Management. 

Mining Equipment Financing