Mining Equipment Financing
We arrange capital for haul trucks, loaders, drills, crushers, process plants, conveyors, and power systems. New or used. Single asset or full fleet. The deliverable is a signed term sheet and a funding schedule that fits the mine plan, with filings, insurance, and supplier settlement executed under documented controls and predictable timelines.
We size advances to invoice cost or forced sale value, align tenor to ramp up, and structure disbursements against delivery and commissioning. Execution includes perfected security, insurance assignment, and, where applicable, letter of credit or standby support with clear wording and defined responsibilities.
Suitable Situations
Owners and Operators
- Brownfield or greenfield projects with defined ramp up and offtake path.
- Refinancing of unencumbered fleets to release liquidity.
- Fleet renewal linked to maintenance and rebuild schedules.
Contractors and OEM Programs
- Mining services contractors with active contracts and step in rights.
- Vendor-supported deliveries with LC or SBLC settlement to the OEM.
- Cross-border shipments requiring confirmed payout certainty.
Funding Workflow
| Stage |
Deliverable |
| 1) Intake and Eligibility |
Equipment list and quotes, site plan, production schedule, initial advance sizing and structure options. |
| 2) Indicative Terms |
Term sheet with tenor, advance rate, covenants, security package, and draw timetable. |
| 3) Diligence and Security |
Valuations where required, lien searches, filings, insurance assignment, LC or SBLC setup and advising arrangements. |
| 4) Funding and Draws |
Milestone-based disbursements to the supplier or to the borrower against delivery, inspection, and commissioning evidence. |
What You Get
| Item |
Detail |
| Underwriting Memorandum |
Mine plan linkage, cash flow fit, advance rationale, risk factors, and monitoring cadence. |
| Term Sheet Alternatives |
Asset-based loan, finance lease, operating lease, sale and leaseback, or blended structures if eligible. |
| Security and Filings Pack |
First lien on equipment, local filings, insurance assignment, and parent support where needed. |
| Vendor Settlement Setup |
LC or SBLC wording, advising details, and optional confirmation for payout certainty. |
Expert Team
Equipment Finance Lead
Aligns advance rates and tenor to production curves, maintenance windows, and site constraints.
Trade Finance Lead
Sets LC or SBLC wording, manages advising or confirmation, and coordinates supplier payout mechanics.
FAQs
What advance rates are typical?
Up to 70 to 85 percent of forced sale value or invoice cost, depending on asset, age, jurisdiction, and counterparty profile.
How long does funding take?
Prepared files receive eligibility and term sheets quickly. Diligence to closing typically requires several weeks, depending on filings, valuations, and supplier schedules.
Can this facility sit alongside project debt or working capital?
Yes. We map intercreditor points, reporting cadence, and dominion controls so the facility fits cleanly with project loans or asset-based lines.
Request Equipment Financing Terms
Send your equipment list, quotes or invoices, site location, production schedule, and target timeline. We will return eligibility, structure options, and a documented path to a firm term sheet.
Contact Us For Terms
Disclaimer: Financely acts as advisor and arranger through regulated partners. We do not hold client funds. Any financing is subject to underwriting, KYC, AML, sanctions screening, documentation, perfected security, insurance, and approvals by relevant stakeholders. No public solicitation.