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.
Qualification is transaction-specific. Merrit Capital does not promise approval, rates, down payment, term or funding time before a lender has reviewed the borrower, asset and documents.