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Drill Rig Finance

What is Drill Rig Finance?

Drill rig finance is a specialised financing service we offer to SMEs in need of funding for drilling rigs. As an asset finance broker, we understand the importance of having access to reliable drilling equipment for various industries such as mining, construction, and geotechnical exploration. Whether you require financing for a new drill rig or wish to explore options for used equipment, our expertise and industry connections ensure we can find the right finance solution for your business.

Drilling Rig Finance

The benefits of drill rig finance

  • Flexibility: Businesses can choose the repayment terms and frequency that best suits their needs and budget. 

  • Preservation of cash flow: Rather than tying up a significant amount of capital in purchasing equipment outright, businesses can keep cash flow intact by spreading the cost over time. 

  • Tax advantages: In the case of a chattel mortgage, businesses may claim tax deductions on the interest and depreciation of the equipment, while repayments for leases and rentals may also be tax deductible. 

  • Up-to-date equipment: With regular upgrades and replacements, businesses can ensure they have the latest and most efficient equipment. 

How to get drill rig finance?

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