What surface mining equipment can be financed?
Commercial Funding Partners can finance new or qualified used commercial equipment used in surface mining operations, subject to transaction review. This may include haul trucks, excavators, loaders, drills, crushing and screening systems, conveyors, processing equipment, and supporting material-handling assets. Multi-vendor and imported equipment projects may also qualify, with eligible installation, freight, engineering, and commissioning costs potentially included.
How much can I finance for a surface mining equipment project?
CFP offers equipment financing from $250,000 to $300 million or more per project, depending on the transaction structure. Institutional equipment funding is available for larger capital programs starting at $5 million. The appropriate facility size is determined through a confidential review of the equipment, project scope, borrower profile, vendors, timing requirements, and expected operating cash flow.
Can financing cover more than the equipment purchase price?
Yes. When eligible, CFP can incorporate costs that traditional lenders may exclude, including engineering, installation, labor, freight, software and controls integration, commissioning, training, project management, taxes, and certain construction-related costs. Combining these costs with the equipment acquisition under one facility can reduce the need to use working capital for the non-equipment portion of a mining project.
Can I finance equipment while it is being manufactured?
Yes. Progress funding can cover deposits and milestone payments while equipment is being manufactured, built, shipped, or installed. This structure is useful for large, specialized mining assets with extended delivery schedules. Depending on the project, CFP may provide milestone disbursements, construction draws, delayed funding, or interest-only payments during installation and commissioning before full principal payments begin.
What repayment structures are available for mining equipment financing?
Available structures may include equipment loans, capital leases, operating leases, tax leases, FMV leases, master lease programs, and sale-leasebacks. Payment schedules can be customized with seasonal payments, deferred principal, step-up structures, balloon payments, or custom amortization. CFP evaluates the project timeline and operating cash flow to develop a structure that better matches the economics of the investment.
Can we use a sale-leaseback on mining equipment we already own?
Yes. An equipment sale-leaseback lets a business sell eligible owned equipment to CFP and lease it back while maintaining uninterrupted operational use. It can release capital tied up in existing machinery for working capital, expansion, acquisitions, partner buyouts, or recapitalization. Proceeds and lease terms are based on equipment appraisal, credit review, and the broader transaction objectives.
What if another lender declined our mining equipment financing request?
CFP offers a free, no-obligation Second Opinion Review for projects declined elsewhere or offered unfavorable terms. Rather than relying on another lender’s decision, CFP re-underwrites the opportunity and considers alternative structures. A declined project may still be viable when specialized equipment, long installation periods, soft costs, multi-vendor requirements, or lender policy limits were the primary obstacle.
How quickly can Commercial Funding Partners review a financing request?
A CFP structuring specialist responds to equipment financing quote requests within one business day. The overall timeline depends on transaction size, equipment complexity, vendor documentation, project milestones, and credit review requirements. Beginning with a confidential project discussion allows CFP to identify the most suitable structure early and clarify the information needed for a preliminary financing assessment and formal term sheet.