Fast pre-approval, flexible capital lease terms, and working capital for oilfield contractors who can't afford to wait.
Oilfield equipment moves fast. Rigs, winch trucks, and specialized service equipment go to auction with short notice and get snapped up quickly. Operators who have their financing in order before they go looking get the deals. Northgate's pre-approval program gives oilfield contractors a dollar amount before they go — so when the right unit shows up at an industrial auction in Grande Prairie or on a dealer lot in Lloydminster, they can move.
We also work with established oilfield contractors on refinancing existing equipment carrying high rates, consolidating multi-lender arrangements into a single payment, and sale-leaseback on equipment with equity to free up operational capital during slower cycles.
The oil patch runs on timing and relationships. Northgate works with oilfield contractors across Alberta and B.C. — we understand that approval processes need to be fast, terms need to reflect equipment utilization cycles, and working capital matters as much as the monthly payment. If you're between contracts, expanding into a new service line, or just looking to refinance out of a high-rate deal, we can help.
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Outcome summary — what was achieved.
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