Finance For Mining Equipment

The mining industry has been around for centuries, but the days of pickaxes and hand tools are quickly becoming a thing of the past in favour of advanced machinery and equipment.

That’s not to say that some tools can’t still be put to good use – especially when prospecting for precious gems, resources and ore, but if one thing can be said about both types of equipment; it’s that they can be pretty expensive.

Get Finance

    Published On Date 06/12/2021 by Dana Boyd

    That’s where we come in.

    At Equipment Loans Online our team of experts offer a variety of lending solutions from several lenders, taking the work out of finding a solution for your equipment needs.

    Our mining equipment finance solutions are ideal for those starting out in the business, as well as for established agencies in need of a little external support to purchase the new gear that they need.

    Why Choose Us?

    Unlike many of our competitors, we ensure to offer advice and support to our clients from the beginning right through to the final agreement.

    We compare rates, loans and other factors to connect you with the right solution for your needs– all of which could help you to obtain the financial investment that you are so in need of, without forcing you to splash out on expenses immediately.

    By working with you to find the right loan solution, we can help you to take full advantage of your new mining equipment, in no time at all.

    All that you need to do is get in touch with our friendly team of experts today. We’re available to chat and help you to understand your options, as well as advise you on the most beneficial solutions available.

    To learn more, send us a quick email or give us a call and we’ll pull out all the stops to help you to find the ideal loan for your requirements, without having to worry about paying upfront to get the most from your new tools.


    Getting finance to purchase mining equipment means that you don’t need to pay for it upfront. You can receive the purchase price funds required from a lender and pay it back over a specified period while having use of the equipment for your business.


    It is a convenient way to finance mining equipment without having to make a large capital outlay that could impact your cash flow or balance sheet.

    The main benefit of financing the purchase of mining equipment is that you can invest in your business without tying up capital or impacting your cash flow. It means you can acquire the equipment without having to provide the funds yourself and then repay them over time. This helps to avoid the risks of having such a large capital expenditure on your balance sheet.


    Both large and small businesses use equipment financing as a way to make large capital expenditures while managing their cash flow and the company’s balance sheet. It allows you to acquire mining equipment for your business whilst also avoiding the uncertainties that are associated with large capital expenditures.

    There are four main types of loans available for mining equipment financing:


    • Finance Lease. In this type of financing the mining equipment is owned by you (the lessee) and is not on your balance sheet. Payments made in full for its financing are tax-deductible. At the end of the finance term, the mining equipment is returned to the finance provider (the lessor) or purchased by you for an agreed price.
    • Operating Lease. In this type of financing the mining equipment is owned by the lessor and is not on your balance sheet. Payments made in full for its financing are tax-deductible. At the end of the finance term, the mining equipment can be returned to the lessor or purchased by you for an agreed price.
    • Commercial Hire Purchase. In this type of financing the mining equipment is owned by you and is categorised as on your balance sheet. In this type of financing, only the interest portion of your payments is tax-deductible but you can claim depreciation costs for the mining equipment. At the end of the finance term you own the mining equipment (although in some cases a final, residual payment may be required).
    • Chattel Mortgage. This type of financing is like a traditional secured loan where the mining equipment acts as security for the loan. Like the previous financing method, the mining equipment is owned by you, the interest component is tax-deductible and you can claim for depreciation costs. At the end of the finance term, you own the mining equipment outright.


    The type of financing you choose for your mining equipment will depend on your specific business needs including the tax implications of payments and depreciation costs, whether you want it on your balance sheet and whether you want to have ownership of the mining equipment the end of the finance term (and whether you have to make an additional payment).

    Applying for a loan to finance the purchase of your mining equipment couldn’t be easier. Simply complete the form at and a broker will be in touch with you to discuss your mining equipment finance needs.

    Speak to a Finance Broker Now

    You can speak to a finance broker immediately about your mining equipment finance needs by clicking the button below.