Merrit Capital arranges equipment financing and leasing for Canadian mining, resource-service and oil-and-gas businesses. We serve Canadian companies only, across all provinces and territories.
Equipment commonly financed
Assets used in oil, gas & mining
Examples include the equipment below. Eligibility depends on commercial use, transaction size, condition, seller and lender requirements.
- Heavy vocational and service trucks
- Drilling and exploration support equipment
- Compressors and generators
- Pumps and fluid-handling systems
- Excavators, loaders and dozers
- Cranes and material-handling equipment
- Fuel, water and support trailers
- Harsh-environment camps and eligible support assets
Specialization increases the need for evidence
Remote and harsh-environment assets may have limited resale markets or intensive duty cycles. Detailed specifications, condition, maintenance, contract context and a reasonable purchase price help lenders understand the risk.
Project work can be cyclical. Lenders may review customer concentration, backlog, historical results, mobilization costs and the borrower’s experience with the equipment. A signed contract helps, but it does not replace a full credit review.
Drilling equipment and remote resource projects
Exploration rigs, compressors, pumps and support trucks need an asset-specific description. Identify the drilling method, carrier, major components and work location, and separate equipment from tooling, consumables and operating costs. Our drilling equipment financing guide explains what to prepare for rig and support-equipment requests.
For mining and resource-service equipment, distinguish contracted work from exploration or tender opportunities. Include the delivery plan, mobilization date and ongoing use after the initial project. Merrit Capital specializes in equipment leasing and can review conditional sales contracts; working capital needs should be discussed separately from the machine purchase.