Flexible Financing Options
Equipment financing through Boart Longyear Financial Services offers flexible choices that achieve the diverse objectives of most drilling businesses. Our financing options include:
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.
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.
Benefits of Financing Boart Longyear Minerals Exploration Equipment
Preserve cash and bank credit lines and optimize cash flow with limited upfront cash outlay
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)
Improve your project payback metrics by spreading payments over time to match revenues generated from drilling activities
Why Drilling Companies Use Equipment Financing
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.
For more information on financing options from Boart Longyear Financial Services, please contact:
Brock Hancock at 1-801-401-3744, email@example.com