Asset Finance for Drilling Equipment Used in Construction

Let Us Help You

Complete this online form with details of your enquiry and one of our advisors will call you back.

    Call Us Now

    To Discuss Your Best Options Call Us Now

    Drilling Equipment Finance | Boring, Anchoring & Ground Investigation Machinery | Gable Business Finance

    Specialist Finance for Drilling Equipment Used in Construction, Groundworks, Mining and Infrastructure

    Drilling equipment plays a critical role in construction, civil engineering, infrastructure, mining, and utilities projects. Whether boring into soil, rock, or concrete, drilling machinery enables foundations, piling, anchoring, ground investigation, blasting preparation, and utility installation. Without reliable drilling equipment, many construction projects cannot progress beyond early enabling works.

    At Gable Business Finance, we understand that drilling equipment is highly specialised, capital-intensive machinery that must perform accurately and reliably under demanding conditions. Drilling operations often sit on the critical path of a project, meaning any downtime or equipment failure can halt progress across the entire site.

    The construction sector is exceptionally diverse. Drilling equipment is used by piling contractors, ground investigation specialists, utilities contractors, mining operators, quarry businesses, tunnelling specialists, and infrastructure providers. Having worked within this sector for many years, Gable Business Finance understands the unique challenges faced when financing drilling equipment, including high purchase costs, variable utilisation, and specialist maintenance requirements. We provide flexible, competitive funding solutions designed around how drilling equipment is actually used in the field.


    The Role of Drilling Equipment in the Construction Centre

    Why Drilling Equipment Is Essential to Early-Stage Construction

    Drilling is often one of the first activities undertaken on a construction site. Before structures can be built, the ground must be understood, prepared, and stabilised. Drilling equipment enables contractors to investigate subsurface conditions, install foundations, and create access for utilities and anchors.

    In the construction centre, drilling equipment is required to:

    • Bore holes for piling and foundations
    • Install ground anchors and soil nails
    • Carry out ground investigation and sampling
    • Prepare holes for blasting or demolition
    • Install utilities such as water, gas, and cabling
    • Drill through concrete, rock, and mixed ground

    Accurate drilling reduces structural risk, supports correct design decisions, and ensures downstream construction works proceed safely and efficiently.

    The Importance of Drilling Equipment to Accuracy, Safety and Programme

    Drilling operations must be precise. Incorrect bore depth, alignment, or diameter can compromise foundations, anchors, and structural integrity. Modern drilling equipment incorporates advanced control systems, monitoring, and automation to improve accuracy and reduce reliance on manual methods.

    From a commercial perspective, effective drilling equipment:

    • Reduces rework and remedial costs
    • Improves productivity on constrained sites
    • Enhances safety in high-risk ground conditions
    • Supports compliance with engineering specifications
    • Enables contractors to take on more complex projects

    Investing in capable drilling equipment — financed correctly — allows businesses to expand service offerings and protect margins.


    Types of Drilling Equipment Used in Construction and Industry

    Piling Rigs

    Piling rigs are used to install deep foundations by drilling or driving piles into the ground. They are essential on projects where load-bearing capacity must be transferred to deeper strata.

    Piling rigs are commonly used for:

    • Commercial and residential developments
    • Bridges and infrastructure projects
    • High-rise construction
    • Marine and waterfront structures

    Rotary Drilling Rigs

    Rotary rigs are versatile machines capable of drilling through soil, rock, and mixed ground conditions. They are widely used for foundation drilling, anchoring, and geotechnical works.

    Down-the-Hole (DTH) Drills

    DTH drills are used for hard rock drilling, quarrying, mining, and blasting preparation. They deliver high-impact drilling performance in challenging conditions.

    Horizontal Directional Drilling (HDD) Rigs

    HDD rigs are used to install utilities beneath obstacles such as roads, railways, rivers, and buildings without open trenching. They are critical for modern utility installation in urban environments.

    Anchor and Micropiling Rigs

    These rigs are used for ground stabilisation, slope reinforcement, and underpinning works, particularly on constrained or sensitive sites.

    Handheld and Compact Drilling Equipment

    Smaller drills are used for concrete coring, anchor installation, and confined-space applications.


    Drilling Equipment Finance Options from Gable Business Finance

    Drilling equipment represents a major investment, often with specialist specifications and long service lives. Gable Business Finance provides a full range of funding solutions designed around the realities of drilling operations.

    Hire Purchase Finance

    Hire Purchase allows businesses to spread the cost of drilling equipment over an agreed term while retaining full operational control from day one.

    This option suits:

    • Core drilling rigs used long term
    • Piling contractors building permanent capability
    • Businesses seeking ownership at the end of the agreement

    Finance Lease

    Finance Lease offers lower monthly payments and flexibility, particularly suitable where equipment may be upgraded or rotated.

    Refinancing Existing Drilling Equipment

    Many drilling contractors own high-value rigs outright or have significant equity in existing machines. Refinancing allows that equity to be released while the equipment remains in use.

    Refinance is commonly used to:

    • Fund major overhauls and rebuilds
    • Support fleet expansion
    • Improve working capital
    • Bridge gaps between large contracts

    Vehicle Finance / Structured Asset Finance

    Mobile drilling rigs mounted on trucks or tracks may be suitable for structured asset finance solutions.

    Cashflow Funding

    Cashflow funding supports labour, consumables, fuel, and logistics costs associated with drilling operations.

    Invoice Financing

    Invoice finance is valuable for drilling contractors working on projects with extended payment terms.

    Contract Hire

    Contract Hire may suit short-term or specialist drilling requirements.


    Why Choose Gable Business Finance for Drilling Equipment Funding?

    Gable Business Finance understands how diverse the construction sector is and the unique challenges it faces when financing drilling equipment. With many years of experience supporting specialist contractors, we provide funding solutions built around real operational needs.


    Drilling Equipment FAQs (Detailed)

    What types of drilling equipment can be financed?

    Piling rigs, rotary drills, HDD rigs, DTH drills, anchor rigs, and compact drilling equipment can all be financed.

    Is used drilling equipment finance available?

    Yes, subject to condition, age, and specification.

    Can drilling equipment be refinanced?

    Yes. Equity in owned equipment can often be released.

    How long can finance terms run?

    Typically between 3 and 10 years, depending on asset type.

    Can finance include tooling and accessories?

    Often yes, including drill rods and attachments.

    Is Contract Hire suitable for drilling rigs?

    It can be suitable for defined projects.

    Can startups finance drilling equipment?

    Yes, subject to experience and business structure.

    How quickly can drilling equipment finance be approved?

    Approvals can often be achieved within days.


    10 Detailed Drilling Equipment Finance Case Studies

    Case Study 1: Rotary Drilling Rig for Groundworks Contractor

    A contractor financed a rotary rig to expand foundation services.

    Case Study 2: HDD Rig for Utilities Installation

    Funding supported trenchless utility works in urban areas.

    Case Study 3: Piling Rig for Commercial Development

    A piling contractor financed equipment for deep foundations.

    Case Study 4: Refinance to Support Rig Overhaul

    Refinancing released capital for major refurbishment.

    Case Study 5: DTH Drill for Quarry Operations

    Hard rock drilling capacity was expanded.

    Case Study 6: Anchor Rig for Slope Stabilisation

    Specialist equipment enabled geotechnical works.

    Case Study 7: Compact Drill for Confined Sites

    Finance supported urban drilling capability.

    Case Study 8: Fleet Expansion for Specialist Drilling Business

    Multiple rigs were funded for growth.

    Case Study 9: Invoice Finance Supporting Long-Term Project

    Cashflow was stabilised during extended works.

    Case Study 10: Long-Term Ownership Strategy

    Hire Purchase supported sustainable fleet development.


    Conclusion: Drilling Equipment Finance Built for Ground Precision

    Drilling equipment underpins safe, accurate, and reliable construction. Gable Business Finance provides specialist funding solutions designed around the realities of drilling operations, helping businesses invest confidently, manage cashflow effectively, and deliver complex projects on time.