Rig & Fleet Financing
Equipment Financing
A new rig is a five-figure capital decision, and paying cash out of pocket ties up working capital you'd otherwise use for chemical inventory, payroll, and job float. We connect approved contractors with financing options built for equipment purchases like this.
Why Finance Instead of Buying Outright
For a growing contractor, cash tied up in a fully-paid rig is cash that isn't available for the things that actually generate near-term revenue — a chemical pre-buy at pre-season pricing, payroll during a slow stretch between jobs, or a second crew's worth of PPE and parts. Financing spreads the rig's cost across the revenue it generates over its working life instead of front-loading the entire expense before the rig has sprayed a single job.
New businesses without an extensive credit history and established shops looking to add a second or third rig are both common financing candidates — the underwriting conversation is different for each, but both start from the same place: a clear picture of your typical job volume and how a new rig changes your weekly output capacity.
Down Payment: How Much Actually Moves the Needle
A larger down payment does two things at once: it lowers your monthly payment and it signals to a lender that you have real capital committed to the equipment's success, which generally improves both approval odds and the rate you're offered. That said, over-committing cash to a down payment at the expense of your working capital cushion can leave you exposed if the first few months after a rig purchase run slower than expected — the goal is the largest down payment your cash position can absorb without leaving you thin on chemical inventory or payroll buffer.
A useful gut check: after the down payment, make sure you still have enough cash on hand to cover at least one full slow month of operating expenses without touching the new rig's expected revenue. If a down payment amount would eliminate that buffer entirely, it's probably too aggressive relative to your current cash position, even if it produces a more attractive monthly payment on paper.
How the Process Works
1. Tell Us Your Needs
Submit a financing inquiry with your job volume, current equipment, and the rig configuration you're considering.
2. Get Matched to Options
We connect you with financing terms suited to new and established contractor businesses.
3. Review Terms
Compare down payment, term length, and monthly payment against your typical job revenue before committing.
4. Take Delivery
Once approved, your rig ships or is scheduled for delivery through our standard logistics process.
Sizing a Rig Purchase to Your Actual Job Pipeline
The most common financing mistake we see is a contractor sizing a monthly payment against their busiest month rather than a realistic average across the year. A rig payment that only pencils out during peak season becomes a liability the moment the job pipeline slows — size the payment against a conservative average job volume, not your best month, and the math holds up through the slower stretches too.
For contractors weighing new versus refurbished, financing terms are typically available on both — see rigs & proportioners for the tradeoffs between the two, and submit a financing inquiry with either option in mind so we can price out both paths for comparison.
Financing a Second Rig vs. Your First
The underwriting conversation for a second or third rig looks different from a first-rig application, and usually in your favor. An established shop with a job history and existing equipment brings real data to the table — actual revenue, actual utilization, a proven ability to service debt — rather than a projection. That track record often means faster approvals, better terms, and a more straightforward conversation overall compared to financing a first rig with no operating history behind it.
If you're adding a second rig specifically to handle overflow demand you're currently turning away, bring that specific data point to the financing conversation — a documented backlog of turned-down work is a concrete revenue case that strengthens an application more than a general growth narrative.
Financing FAQs
Can a new contracting business qualify for equipment financing?+
Newer businesses can qualify, though terms and down payment requirements typically differ from an established shop with several years of revenue history. Submit an inquiry with your business details for a specific assessment.
Is financing available on refurbished rigs, or only new equipment?+
Financing is available on both new and inspected-refurbished rigs, though specific terms may vary based on the equipment's age and condition.
What information do I need to apply?+
Basic business information, your typical job volume, and the rig configuration you're considering. Submit through the quote form and a member of our team will follow up with next steps.
How long does the financing approval process typically take?+
Timelines vary by lender and application completeness, but most inquiries receive an initial response within a few business days.
Can I finance chemicals and parts along with a rig purchase?+
Financing programs are generally structured around equipment purchases specifically. Chemical and parts orders are typically handled through standard invoicing and contractor pricing terms — ask about combined options when you apply.
Ready to Scale Your Fleet?
Submit a financing inquiry and we'll follow up with options sized to your job volume.