Boart Longyear

 Equipment loan: the lender finances the acquisition of equipment by the borrower with the borrower’s commitment of repayment of principal and interest via installments, usually with a secured interest in the equipment financed. This may also be called “straight financing” or “purchase financing” that facilitates ownership of the equipment by the borrower.

 

 Equipment lease: An equipment lease typically refers to an arrangement where one party who owns or controls equipment, called the lessor, transfers possession and the use of that equipment for a period of time to another party, called the lessee, in exchange for the payment by the lessee to lessor of periodic rentals (i.e., monthly, quarterly or semi-annually). This may also be called “operating leasing” that facilitates “purchase or return” flexibility for the lessee.

 

 

 Working Capital: Preserve cash and bank credit lines and optimize cash flow with limited upfront cash outlay

 

 Acquire More: Increase your purchasing power to acquire all the Boart Longyear equipment you need now (drilling platforms, tubes, pipes, bits – whatever you need to be successful)

 

 Cash Flow: Improve your project payback metrics by spreading payments over time to match revenues generated from drilling activities

 

 

Minerals exploration businesses that finance drilling equipment range from large global drilling services companies to independent local contract drillers. Diverse as these companies are, each one has the same fundamental need: the efficient allocation of capital for the use of plant and equipment to run their businesses. Boart Longyear Financial Services helps customers of all types secure competitive financing for the world's leading mineral exploration drilling technologies. Let us serve your equipment financing needs.