# Oil & Gas

Canonical URL: https://fundmyequipment.com/equipment/oil-and-gas/
Last modified: 2026-05-29T19:39:17+00:00
Type: efin_category

## Summary

Equipment financing for Oil & Gas. 24 equipment types covered, across the category.

## Content

Oil & Gas equipment financing covers loans, leases, and equipment finance agreements (EFAs) for businesses purchasing equipment in the oil & gas category. We finance new and used equipment across all major brands, with rate ranges driven by credit tier, asset price, and equipment type.What we cover in Oil & GasThis category includes 0 equipment types, representing about 51,490 monthly searches. Typical financing structure for oil & gas equipmentCredit tierAPR rangeTermDown paymentExcellent (720+)6.9-9.9%60-84 mo0-10%Good (680-719)9.9-13.9%48-72 mo5-15%Fair (640-679)13.9-17.9%36-60 mo10-20%Challenged (below 640)17.9-24.9%24-48 mo15-30%Rate ranges as of May 2026, blended across our partner-lender network. Your actual rate depends on credit, equipment, term, and lender. See methodology.How oil & gas equipment financing worksApply for soft-pull pre-qualification. Tell us what you're buying, asset price, business basics, credit profile.Get matched to a partner lender that specializes in oil & gas equipment and your credit tier.Receive an indicative quote with rate, term, and structure within hours.Move to full underwriting if you accept the quote. Hard pull, financials review, equipment verification.Sign and fund. Most oil & gas deals fund within 1-7 business days.Common questions about oil & gas equipment financingCan I finance used oil & gas equipment?Yes. Most lenders finance used equipment up to 10-15 years old at maturity, with 80-90% LTV based on appraised value. Sometimes a third-party inspection is required for deals over $25K.What credit score do I need?Excellent rates require 720+ FICO. Sub-prime equipment lenders accept down to 580 with compensating factors (revenue, down payment, time in business). See our credit tier guide.Does oil & gas equipment qualify for Section 179?Almost all business equipment qualifies for Section 179 deduction up to $1.22M (2026 cap). Financed equipment qualifies in the year placed in service. See our Section 179 guide.How long does approval take?Small-ticket equipment (under $50K) funds in 1-3 business days. Mid-ticket ($50K-$500K) in 3-7 days. Large-ticket ($500K+) in 1-3 weeks.