About Financing for oil drilling rig manufacturers
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6 FAQs about [Financing for oil drilling rig manufacturers]
Can you get a loan for oil rigs?
If you need to purchase oil rigs or other types of equipment for your oil and gas business, an equipment loan could be useful. The equipment you’re purchasing acts as your collateral, and you may be able to get good interest rates. Another option to get access to cash is invoice financing or factoring.
Who is drilling financing group?
At Drill Financing Group, we know the industry, understand boring and drilling needs, and have tailored our loan and lease financing products to fit the unique needs of businesses - whether they want to expand a large commercial fleet or simply replace an aging piece of equipment.
Why should you finance a gas & oil company?
That can negatively impact cash flow. Financing for gas and oil companies can help with a number of expenses, from ensuring that you meet regulatory approval requirements to drilling to paying for equipment you need, whether you’re in the downstream, midstream, or upstream oil sector.
Does drill Financing Group Finance directional drills and rigs?
Often, equipment like drills and drill rigs falls outside of the bank credit window. Unlike banks, we have no age or collateral restrictions. We specialize in heavy machinery and finance lots of directional drills and drill rigs. Drill Financing Group is proud to offer leases and loans with more term options and greater flexibility.
Should you buy or lease a used drill rig?
Used for mining, exploration, water wells, and more, drill rigs are essential. They are also expensive, making a strong market for pre-owned drill rigs. Financing and leasing used drill rigs thus becomes a must for most companies, as even used pieces can be a significant part of a yearly budget.
Where can I get Low interest rates on oil & gas financing?
Its 7 (a) loan program can be used for working capital, commercial real estate, and equipment, among other things. Another great place to get low interest rates on oil and gas financing is through banks, credit unions, and some online lenders.


