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.
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?
1. Apply Online
Complete our quick and easy online form, and we'll take care of the rest
Feel like having a chat? Then call now or send us a Chat message at the bottom of the screen and we will get back to you
2. Provide Documents
We will let you know exactly which documents are required to progress
Generally speaking, a photo of your driver's license and a copy of the asset invoice is all that's required
3. Get Funded
The finance company will pay the supplier. Once the supplier is paid, you can take the asset and focus on growing your business!