Directional Drill Financing

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The need for Directional Drill financing has grown recently, likely due to an increased maintenance work on areas that have already been built or developed. Many times, when laying pipe, cable, or similar in the earth, it’s easier to drill under the existing structures than dig a trench from the top, and that’s exactly what these machines were designed for. Thus, you need a lender who is experienced with financing directional drills (leasing too).

Crest Capital finances new and used directional drills for established businesses. Financing covers $10,000 to $500,000 for drills from a dealer or another business. No financial statements are needed for financing up to $250,000, and your rate is fixed for the term, so your monthly payment is predictable. Crest Capital has provided equipment financing since 1989.

How Directional Drilling Works

A horizontal directional drill bores a pilot hole along a planned path under roads, rivers and buildings while a locator tracks the drill head from the surface. The crew then reams the hole wider and pulls the pipe or conduit back through it.

Utility and Pipeline Work

Utility and pipeline contractors use directional drills to install water and sewer lines, gas pipe, electric conduit and fiber optic cable without digging an open trench.

Drilling Fluid and Tooling

A directional drill works with a mixing system that supplies drilling fluid, a locating system, drill rods, bits and reamers. Larger jobs often add a fluid recycling system.

New and Used Directional Drills

Before buying a used directional drill, check the hour meter and service records, the rod loader and vises, the carriage and rack, the hydraulics and mud pump, and the wear on the drill rods.