Finance haul trucks, drills, and processing equipment near Farmington, NM. Operators in the San Juan Basin get quotes from $50k to multi-million dollar packages.
Production in the San Juan Basin has always been measured in tonnage hauled and availability kept. Farmington sits at the center of that math, serving coal, natural gas, and aggregate operators spread across the Four Corners region. The iron those operations run, whether it is a rigid-frame haul truck pulling coal from the Navajo Mine area or a motor grader keeping haul roads passable, does not come cheap and rarely waits on a slow financing process.
We work with operators in and around Farmington on purchases, refinances, and sale-leasebacks for heavy mining equipment starting at $50,000. The sweet spot most of our clients land in is $100,000 to $150,000 or more per unit, and we have experience structuring packages well above that when multiple pieces are involved. New iron, used iron, and machines that need a mid-life rebuild all qualify. Credit history is reviewed, but B and C credits are considered when the equipment and cash flow support the deal.
Funding typically reaches your account within one to two weeks of a complete application. For deals up to roughly $400,000, an application-only path is often available, meaning no full financial statement package required. Above that, three months of bank statements and basic business documentation moves things forward. The Four Corners energy and mining economy does not slow down for paperwork delays, and neither should your financing.
The Four Corners Mining and Energy Corridor
San Juan County has one of the more unusual industry mixes in the Southwest. Surface coal mining around the Navajo Mine, oil and gas production across the basin, and aggregate quarrying for regional construction all share the same equipment pool and the same financing market. Operators here often run fleets that span multiple functions, and the same haul truck that moves overburden one season may support road building the next.
The region's distance from major equipment dealers means financing has to move without geographic delays. A machine waiting at a yard in Albuquerque or Durango costs money every day it is not on shift. We structure deals to close before the truck needs to move, not after. Operators financinghaul truck packagesandmotor gradersin this corridor need a lender who understands that availability is the metric everything else is measured against.
Farmington also serves as a logistics hub for contractors working across the Navajo Nation and into the adjacent Colorado and Utah basins. Multi-jurisdiction projects may involve federal or tribal land, and equipment titles and collateral structures sometimes require extra attention. Our team handles those scenarios regularly and has seen most of the documentation variations that come with them.
What Equipment and Operators Qualify
The equipment types most commonly financed through us in the Farmington area include rigid-frame and articulated haul trucks, motor graders and dozers for haul road maintenance, crushing and screening equipment for aggregate production, and surface drill rigs used in coal and mineral exploration work.
- Operating businesses with at least 12 months of history (startups considered case-by-case)
- Equipment valued at $50,000 or more per transaction
- New and used machinery, including high-hour units with documented maintenance history
- B and C credit profiles reviewed when cash flow and collateral are adequate
- Sole proprietors, LLCs, corporations, and tribal enterprise structures
For operations involved specifically incoal miningoraggregate production, we understand the seasonal and contract-based cash flow patterns that affect how deals should be structured. Term length, payment timing, and balloon options are all on the table depending on what your production schedule actually looks like.
Refinance and Sale-Leaseback Options for Existing Iron
Operators in the San Juan Basin often carry equipment purchased during a stronger commodity cycle, and the equity in that iron can be a real capital source when it needs to be.Sale-leaseback financinglets you convert owned equipment into cash while continuing to use the machine on your site. The transaction closes, funds are wired, and the machine stays on shift. The equipment is effectively leased back to you under terms that fit the production schedule.
Straight refinancing works well when you have existing debt on a machine that can be replaced with better terms, or when you need to extend term to free up monthly cash flow.Equipment refinancingis also a tool for operators who bought machinery privately or at auction and need to clean up the title and put structured debt in place for accounting purposes.
Cash-out refinancing pulls equity from clear-titled equipment and puts it to work as operating capital. In the Four Corners market where input costs are high and project timelines stretch across seasons, that capital flexibility matters. We will tell you honestly whether the deal makes sense before you commit time to the application.
How the Process Runs
Most clients in the Farmington area start with a phone conversation or an email. We want to understand the equipment being financed, the operator's situation, and what structure makes sense before sending paperwork. That conversation typically takes fifteen minutes and tells both sides whether to proceed.
Once the application is submitted, the underwriting clock starts. Forapplication-only dealsunder roughly $400,000, decisions often come back within one to three business days. Larger transactions take longer because more documentation is involved, but the process should not drag past two weeks from complete submission to funding unless title or collateral issues surface.
Farmington operators deal with time zones, remote job sites, and communication gaps that make slow lenders especially costly. We operate with the understanding that your machine is either working or costing you money, and we structure our turnaround to reflect that.