Industry · Oil & gas

Oil & Gas Equipment Financing

Workover rigs, vacuum trucks, frac tanks and the support equipment that keeps wells producing. Financing for oilfield service companies, new or used.

Get a quote (888) 511-6223

Oilfield service work runs on expensive, specialized equipment, and producers expect you to show up with it ready to go. Oil and gas equipment financing lets service contractors add rigs, trucks and support equipment for new contracts while keeping cash for crews, fuel and insurance through the swings in oil prices.

Oilfield equipment we finance

Rigs

Workover and well service rigs, pulling units and smaller land drilling rigs.

Vacuum and hydrovac trucks

Vacuum trucks, hydro-excavation trucks and kill trucks.

Hot oil and pressure units

Hot oilers, pressure pumping support units and steam units.

Tanks and water hauling

Frac tanks, water transfer equipment and water trucks.

Production equipment

Pump jacks, compressors, separators and generators.

Support and roustabout

Winch trucks, roustabout trucks, pipe handling, cranes, light towers and pickups.

Program at a glance

$10K–$5M

New and used, dealer, auction or private sale

Up to 60 months

Used rigs and trucks cap at 60

$1 buyout

Or FMV and equipment finance agreements

Terms, amounts and down payment depend on credit, time in business, the equipment and the industry, all subject to approval. $0 down is for established businesses (5+ years, PayNet and Dun & Bradstreet business credit, strong comparable credit, 700+ personal credit); first and last payments and fees such as tax, title and registration may still apply.

Why oilfield service companies lease instead of paying cash

Conserve cash. Keep your money for payroll, fuel, insurance and the next job instead of tying it up in iron.
Cash flow management. A low capital outlay and fixed payment let the equipment pay for itself out of the work it does.
Low, manageable payments. Terms up to 5 years, most with a $1 buyout, keep payments in line with what the equipment earns.
Inflation buster. Lock today’s price and a fixed payment while equipment and parts prices keep climbing.
Section 179. Equipment on a $1 buyout lease or loan can qualify to deduct up to 100% of the price in the year it goes into service. Ask your tax advisor.
Grow with your contracts. Add equipment when a new master service agreement comes through instead of waiting to save up for it.

What lenders look at

Lenders look at time in business, credit and bank deposits, plus who you work for: master service agreements (MSAs) with established operators, a diverse customer list and steady work through price swings make the strongest files. Larger rigs need full financials.

Up to $50K: application only, 600+ credit, newer businesses considered
$50K–$150K: application only, 650+ credit
$150K–$250K: 650+ credit, 2–3+ years in business, financial statements
$250K and up: full financial package
Startups (under 2 years): 650+ credit, reviewed case by case with a down payment or extra collateral

Full details are on our equipment financing credit guidelines. Liberty Capital starts with a soft credit inquiry, which doesn’t affect your score.

Get a quote in minutes

Send us the equipment invoice or a dealer quote and a one-page application. Most application-only deals are approved within 24 hours. Liberty Capital Group has funded businesses nationwide since 2004 — over $250 million and counting.

Start my quote

FAQ

Do you finance used oilfield equipment?

Yes. Used rigs, vacuum trucks and support equipment from dealers, auctions or private sellers, with terms up to 60 months depending on age and condition.

Can I finance a full rig package?

Yes. A rig with its support equipment and trucks can be combined into one financing package, subject to approval.

What if my receivables are slow?

Operators often pay on 60 to 90 day terms. Invoice factoring can turn those invoices into cash while you wait.

Do you finance outside Texas and North Dakota?

Yes. Our lenders write nationwide, including California, the Rockies, the Permian and Appalachian basins.