Fund the equipment that earns the revenue.
Spread the cost of machinery, vehicles, plant and equipment across its working life, or release capital from assets your business already owns.
Quick estimate
See an indicative repayment
Indicative monthly repayment
£4,500 to £5,625
Illustration only, based on a range of typical total costs. Actual pricing depends on trading history, sector, term, amount and credit profile, and differs between providers.
Asset finance matches the cost of a purchase to the period over which it earns. Rather than draining working capital on a single invoice, the business pays for the asset month by month while it is already producing.
We fund new and used equipment, dealer and private sales, and refinance of assets already owned outright. Because the asset supports the facility, pricing is typically keener than unsecured borrowing and larger amounts are achievable on the same trading profile.
Underwriting looks at the asset as much as the accounts: what it is, what it does, and what it would be worth if it needed to be sold. A strong asset frequently carries a file that a purely unsecured application would not.
Best suited for
- Manufacturers replacing or adding production machinery
- Construction and plant hire businesses expanding a fleet
- Hospitality operators fitting out a kitchen or new site
- Transport and logistics adding commercial vehicles
- Clinics and salons buying specialist equipment
- Any business wanting to release cash from owned assets
How it works
Tell us the asset
Share the invoice, quote or details of the equipment you already own for an initial review.
We structure it
Hire purchase, lease or sale and leaseback, sized against the asset value, its expected life and your trading profile.
Supplier paid
On acceptance we settle the supplier directly, or release the refinance proceeds to your business account.
Eligibility at a glance
A short list of the information commonly considered. Eligibility and available terms depend on the individual business and facility.
- UK limited company, LLP or established sole trader
- Six months or more of trading history
- UK business bank account
- Asset used for legitimate commercial purposes
- Directors able to complete identity verification
- Any required credit search explained before it takes place
Careful with your data, clear about your terms.
Commercial lending sits outside the FCA perimeter, so the protections of a regulated agreement do not apply. We set out how we work so you can judge it for yourself.
Your data is used to assess your enquiry, never sold or passed on for third party marketing.
Every page and every submission is served over TLS.
Where used, access is read only through FCA authorised providers and can be revoked at any time.
Finance for UK registered businesses and business purposes, not consumer credit.
The initial form is an enquiry. If a credit search is needed later, its type and impact will be explained first.
Total repayable, term, fees and any security stated in writing before you sign.
Hire purchase, lease or refinance: which structure fits
Hire purchase suits assets you intend to keep for the long run: production machinery, specialist plant, vehicles you will run past the finance term. You pay instalments, claim the capital allowances available to owners, and take title at the end.
Leasing suits assets that date quickly or that you would rather refresh: IT hardware, some catering equipment, technology-heavy kit. Monthly cost is generally lower because you are paying for use rather than ownership, and the rentals are usually treated as an operating expense.
Sale and leaseback suits a business that is asset rich and cash tight. Equipment already owned outright is sold to the funder and leased back, releasing a lump sum without interrupting production for a single day.
Why asset finance protects working capital
The most expensive way to buy a £120,000 machine is often to pay for it in cash. The purchase clears the account, then the next VAT quarter, payroll run or stock order arrives and the business is suddenly borrowing on worse terms to cover ordinary trading.
Financing the asset keeps that cash in the business, where it funds the stock and labour that turn the machine into revenue. The instalment is then paid from the output of the asset itself, which is the correct economic match.
What underwriters look for on an asset file
First, the asset. Mainstream equipment with an active second-hand market is straightforward. Highly bespoke kit with no resale value is harder and usually needs more support from the trading position.
Second, the fit. An underwriter will ask how the asset generates or protects revenue. A clear answer, backed by a contract, an order book or a capacity constraint you are relieving, is worth more than any presentation.
Third, the conduct. Recent bank statements showing orderly payments and no persistent excesses will do more for your pricing than a strong profit figure from a filed set of accounts eighteen months old.
Asset finance against the alternatives
| Asset finance | Unsecured loan | Paying cash | |
|---|---|---|---|
| Working capital impact | Minimal, spread monthly | Moderate, monthly service | Severe, immediate outflow |
| Typical cost | Lower, asset secured | Higher, no security | No finance cost |
| Speed | Days | Hours to days | Immediate |
| Security | The asset itself | Often a guarantee | None |
| Best for | Long-life equipment | Flexible working capital | Small, low-value items |
Explore by need
What do you need funding for?
Bridge a cash flow gap
Cover a quiet month or a slow paying customer.
See options →Pay a VAT or tax bill
Spread a large HMRC bill over a set term.
See options →Buy stock or equipment
Spread the cost of a known purchase.
See options →Card takings business
Repayments that follow your card sales.
See options →Grow online revenue
Funding linked to monthly revenue.
See options →Expand or hire
Fixed monthly repayments over a set term.
See options →Frequently asked
What can be funded with asset finance?
Machinery, commercial vehicles, plant, catering and kitchen equipment, IT hardware, medical and dental equipment, gym equipment and fit-out items. If it is tangible, has a resale market and is used in the business, it can usually be funded.
Can I refinance equipment I already own?
Yes. Sale and leaseback releases cash against assets already on your balance sheet. The asset stays in use throughout and the capital released is unrestricted working capital.
Do I own the asset at the end?
Under hire purchase you own it once the final instalment and any option fee are paid. Under a lease you use it for the term and hand it back, extend, or buy it depending on the agreement.
How much deposit is needed?
Deposits commonly run from nil to around 20% depending on the asset type, its expected residual value and your trading profile. Strong files on mainstream assets are frequently written with no deposit.
Is asset finance cheaper than an unsecured loan?
Usually yes, because the asset itself provides security. The trade-off is that the capital is tied to a specific purchase rather than free to deploy where you choose.
Related guides
Authoritative UK references
Independent sources cited on this page.
- Capital allowances on plant and machinery GOV.UK
- Finance & Leasing Association FLA
- British Business Bank: finance options British Business Bank
Ready to see what you qualify for?
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