Financing and export
Financing for US-sourced equipment
We connect operators in Nigeria and West Africa with US-based equipment financing, and prepare the technical and valuation package a financier needs to make a decision.
Access to financing
Put capital into wells, not into equipment purchases
Buying a rig, a production facility or a compression package outright ties up capital. Equipment financing spreads the cost over the working life of the asset. We open access to US-based financing for equipment sourced in the United States.
Rigs, barges and vessels
Swamp barge rigs, workover barges, hydraulic workover units and support vessels.
Early production facilities
New, refurbished and barge-mounted processing facilities.
Gas compression and conditioning
Compressor packages, vapor recovery, conditioning and gas-fired power.
Well and surface equipment
Well intervention tools, BOP stacks, mud pumps, generators and other surface equipment.
New or used. Eligibility of each unit is set by the financing partner.
How it works
From requirement to funded delivery
Step 1: Qualify the project
We review the equipment requirement, the field and your plans to judge whether the project is likely to suit equipment financing, before anyone spends time on an application.
Step 2: Vet and value the equipment
Identity, ownership, specification, condition and an independent value range. Financiers lend against the asset, so this work is the core of the package.
DeliverableSpecification gap review and valuation
Step 3: Prepare the financing package
A technical summary, the valuation, the inspection scope and the information the financier requests about your company and the project.
DeliverableFinancing package
Step 4: Introduce you to the financier
We introduce qualified projects directly to our US-based financing partner. The financier carries out its own credit review and sets the terms.
Step 5: Close, export and deliver
Supply, export documentation, shipping and import clearance are coordinated alongside the financing, so the equipment and the funds move together.
DeliverableClosing checklist
What financiers look at
A package built for the credit review
Each financier sets its own criteria. These are the areas a financing review typically covers, and the ones we prepare before an introduction.
- Equipment that has been independently vetted and valued
- Clear title and a clean transaction structure
- Your production, licenses and operating history
- How the equipment will earn revenue: production, offtake or service contracts
- Insurance, export documentation and import approvals
Export and logistics
From US supplier to your site
- Order coordination with the manufacturer or seller, including inspection and release
- Export classification, licensing where required, and shipping documents
- Freight, insurance and routing to the port of entry
- Import approvals, registration and customs clearance at destination
Other structures
Where available for the transaction, we can also coordinate export credit or deferred letter of credit structures alongside, or instead of, equipment financing.
Questions
Financing questions
Is AlamoIQ the lender?
No. AlamoIQ is an independent adviser and broker. We prepare the equipment and project information and introduce qualified projects to a US-based financing partner. The financing partner carries out its own credit review and makes every financing decision.
What equipment can be financed?
US-sourced drilling and workover rigs, barges, early production facilities, gas compression and well equipment, new or used. Whether a specific unit qualifies depends on the financing partner's criteria, including its age, condition and independent valuation.
Why does the equipment need to be vetted first?
Equipment finance is secured against the asset. A financier needs confidence in the unit's identity, title, condition and value before it can lend. Our vetting and valuation work provides that evidence and shortens the process.
How are you paid?
Our fees are agreed in writing before work begins. Any referral fee we receive from a financing partner is disclosed to you.
Sourcing equipment from the US and want to finance it?
Tell us what you need and where it is going. We will tell you whether the project is a fit for financing.