Drilling Equipment Finance

What is Drilling Equipment Finance? 

Drilling equipment is central to a broad range of operations. The machinery involved, whether surface drill rigs, down-the-hole hammers, rotary drilling units, or directional boring equipment, tends to carry a high purchase price and requires careful capital planning. 

UK Business Finance can arrange finance for the purchase of new or used drilling equipment, with a refinance agreement also able to be put together. We draw on a wide network of lenders to identify the most appropriate funding solution for the type of work you do and the financial position your business is in. 

Each finance product differs, so being clear on those from the outset helps businesses commit to an arrangement that genuinely serves their long-term interests. 

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With full market access and absolutely no ties to any lender, we can objectively match you with the most effective and cost-efficient source of business finance. Contact our team today!

Benefits of Drilling Equipment Finance 

Acquiring equipment without straining cash flow: Drilling equipment can represent a large investment, and purchasing a rig or boring unit outright can place considerable pressure on a business's finances. Finance provides a structured route to owning the asset your operations depend on, spreading the cost across a series of fixed monthly repayments rather than taking it on in a single outlay.  

Free up capital held in existing machinery: Asset refinance converts the value held assets into accessible funds, with the equipment sold to a funder and leased back. The business carries on using the machinery without interruption, receives a lump sum it can direct towards new equipment, outstanding invoices, or growth plans, and regains full ownership at the end of the agreement. 

Consistent repayments: A finance agreement has set monthly repayment amount from the start, ensuring business can understand what they owe and when. Businesses can model their costs with confidence and ensure that their finance commitment is accounted for at every stage of their planning. 

Upgrading equipment: Older machinery may make it harder for business to take on more complex or technical projects, whether that is drilling depth, rotation speed, or the ability to operate in a confined space. Finance opens the door to acquiring higher-specification equipment that widens the range of projects a business can complete.  

Repayment terms shaped around your financial position: Finance terms can be structured to reflect the individual requirements of each business, ensuring they can set a monthly commitment that aligns with their income, their existing financial obligations, and the way revenue flows through their operation.

How we help businesses finance Drilling Equipment 

UK Business Finance is a commercial finance broker, with a large panel of to track down a funding arrangement that is aligned with what your business requires. 

Here is how we can help: 

• Get a free quote in 60 seconds 
• A panel of lenders working to present you with the strongest available option 
• We deliver the full application to the funder  
• A specialist team carrying extensive knowledge of the construction sector 

For more information on drilling equipment finance, please contact our construction team. 

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Our team of finance experts can provide industry-leading advice on finance options to suit a range of different scenarios. Call the team on 0808 301 0624 or Contact Us