Mining Equipment Financing
We arrange financing for yellow iron, underground fleets, processing plants, and ancillary assets. Options include TRAC and FMV leases, secured equipment loans, sale-leaseback on owned units, and asset-backed lines tied to receivables and offtake. Structures are built around utilization, maintenance cycles, and project cash flows.
Assets We Finance
Surface And Underground
Dump trucks, excavators, loaders, dozers, drills, underground LHDs, bolters, jumbos, utility vehicles, support equipment.
Processing And Power
Crushers, mills, screens, conveyors, gensets, transformers, mobile and modular plants, dewatering units.
Support And Ancillary
Fuel trucks, graders, water carts, tyre handlers, workshops, telemetry and fleet management systems.
Financing Options
TRAC Lease
Fixed rentals with a stated residual. Suits high residual assets and contract miners with predictable hours.
- Tenor 36 to 72 months
- Residual 10% to 25% typical
FMV Lease
Lower rentals during term with purchase at fair market value or return at end of term subject to condition.
- Tenor 24 to 60 months
- Best for fleets with fast tech refresh
Equipment Term Loan
Amortizing loan secured by the asset with lien and insurance assignment. Works for new or used OEM units.
- Tenor 24 to 72 months
- Loan to value 60% to 85%
Sale-Leaseback
Unlock equity from owned units to fund expansion or overhauls. Title transfers to lessor with buyout option at maturity.
- Ticket size USD 1M to USD 50M
Asset-Backed Line
Revolver secured by fleet and receivables to cover spares, tyres, and working capital during ramp up.
- Availability tied to eligible AR and net book value
Vendor Programs
OEM aligned programs with progress payments, performance bonds, and acceptance protocols linked to commissioning.
Funding Criteria
Eligibility
- Mining companies and contractors with 2+ years operating history
- Audited or review level financials
- Named offtake or mining contract preferred
- KYC and AML cleared principals
Deal Size And Tenor
- USD 1M to USD 100M per program
- 24 to 72 months depending on asset life and hours
- Equity 10% to 25% per unit or per batch
Security And Controls
- First lien on units and spares lists
- Insurance with lender or loss payee endorsement
- Telemetry or hour meters for utilization tracking
- Assignment of contracts or receivables where required
Underwriting And Closing
1
Intake
Equipment list, supplier quotes, project plan, and financials uploaded to a secure data room. Initial KYC and AML screen starts.
2
Indicative Terms
We issue an option set across lease and loan routes with pricing bands, tenor, equity, and security requirements.
3
Credit And Docs
Counterparty checks, valuation where needed, and legal drafting. Liens, insurance endorsements, and any contract assignments are set up.
4
Closing
Conditions precedent satisfied, supplier paid according to draw schedule, assets delivered and booked, monitoring starts.
Request Mining Equipment Financing
Send your equipment list, supplier terms, and project plan. We will reply with structure and timeline.
Start Your Mandate
Financely acts as arranger and underwriter. Financely is not a bank and does not directly lend. All financing depends on due diligence, KYC and AML screening, credit approval, and executed documentation. This page is indicative and does not constitute an offer.