Adding rigs and other large equipment to a fleet is a major decision. Contractors need to consider how much they can afford to pay, how to best structure the terms to leave some cash flow intact, whether to lease or buy, and a host of other questions. Often, these decisions have a major impact on a business’ near and long-term financial health and revenue potential.
To sort out some of these issues, we spoke with Shawn McGill. He works with Epiroc Financial Solutions USA LLC as business manager, USA. Epiroc Financial Solutions, of course, is the financing arm for Epiroc and its associated distributors. But the discussion here is broad enough to benefit contractors buying equipment from any manufacturer and working with any banking partner.