Asset Finance

Asset finance for equipment lets you buy the plant, machinery, vehicles or technology your business needs and pay for it over time, with the asset itself supporting the deal and your cash kept for running the business.

Plant, machinery and vehicles
Sole traders to large groups
Specialist asset funders

Explore your options Talk it through

Excavator working on a construction site, typical of asset finance for equipment

The assets a business can finance

If it earns its keep in your business and holds its value, there is a good chance asset finance for equipment can fund it. Browse every equipment type we support for specific pages.

Plant and construction machinery

Excavators, telehandlers, dumpers, compactors and attachments for contractors and groundworkers.

Manufacturing machinery

CNC machines, presses, compressors and production lines for fabrication and engineering firms.

Commercial vehicles

Vans, lorries, trailers and specialist vehicles for working fleets.

Vehicle finance

Technology and IT

Servers, laptops, networks and software licences for an office or a whole company.

IT equipment finance

Workshop and garage kit

Lifts, diagnostics and testing equipment for motor trade premises.

Garage equipment finance

Kitchen and hospitality kit

Ovens, refrigeration and bar equipment for restaurants, pubs and hotels.

Catering equipment finance

Cleaning and facilities machinery

Scrubbers, sweepers and washing systems for sites and contract cleaners.

Industrial cleaning finance

Medical and leisure equipment

Treatment couches, scanners, gym kit and fit out for clinics and studios.

Finance for every kind of trading business

Asset finance for equipment is open to new start businesses, sole traders, partnerships, SMEs, blue chips and government departments, in fact any trading organisation.

Start ups and new businesses

Lenders who back a good plan from day one.

Sole traders and partnerships

Fund tools and vehicles without company status.

Growing SMEs

Take on larger contracts with the right equipment.

Construction and engineering

Move machinery between sites without upfront cost.

Healthcare and education

Keep equipment current under tight budgets.

Large and public sector bodies

Spread major purchases across budgets and years.

Choosing the right asset finance for equipment

Each product treats ownership, tax and the end of the agreement differently, and your account manager will explain which suits the asset. The Finance and Leasing Association, the trade body for the sector, publishes news and research on asset finance if you want an independent view.

Hire purchase

Pay in fixed instalments and own the asset when the last payment is made. It can sit on your balance sheet from the start.

Best for assets that you plan to keep for their full working life.

How hire purchase works

Finance lease

Rent the asset for an agreed term without owning it, with rentals usually allowable against profit.

Best for equipment that is replaced regularly or loses value quickly.

How a finance lease works

Asset refinance

Raise cash against plant, machinery or vehicles you already own, and carry on using them without interruption.

Best for releasing working capital from assets already on your books.

How asset refinance works

How asset finance works with us

We act as an asset finance broker, which means one conversation reaches many funders rather than just one.

Step 1

Describe the asset

Tell us what you need, its approximate cost and the supplier, or ask for an introduction.

Step 2

Share some details

Provide brief information on your business through the online application for asset finance for equipment.

Step 3

We approach funders

Specialist funders who understand your type of asset consider the deal, which an asset finance broker can place widely, and we reply within 24 hours.

Step 4

Sign and take delivery

Agree terms electronically, the supplier is paid directly and the asset is delivered.

Example: a fabrication firm adding capacity

A specialist fabrication business has won repeat orders that its current machinery cannot keep up with. It needs a new compressor, a welding cell and a forklift to handle the extra volume.

Rather than draw down on its overdraft or use up working capital, it chooses asset finance for equipment across an agreed term. The new capacity can start earning straight away, and the business keeps its cash for materials and wages.

Our guide to why asset finance suits growing businesses goes deeper, and the tax relief guide explains how rentals and allowances can work.

Model your own deal

Typical production upgrade

Rotary screw compressor£12,500

Robotic welding cell£28,000

Counterbalance forklift truck£15,500

Extraction and fume control£7,500

Installation and commissioning£4,500

Total funded£68,000

Sample asset prices shown for illustration. The rate you are offered depends on your circumstances and chosen term.

Assets we have helped fund

Real businesses that used asset finance to invest in what they needed.

Matt Engineering

A specialist fabrication and machining firm that funded a new compressor.

Read the case study

Fir Tree Motors

A new garage owner who funded MOT and garage equipment through us.

Read the case study

Asset finance questions

Want the wider picture on finance, rates and eligibility? Our general FAQs answer the usual questions.

Useful downloads

Asset finance brochure Benefits of leasing Leasing FAQs

New to using a broker? Read what a UK asset finance broker does and how asset finance protects cash flow.

What is asset finance in simple terms?

It is a way to acquire business assets by paying over time, instead of in one lump sum. The asset itself usually acts as security, so it can be easier to arrange than an unsecured loan. See our page on business asset finance for more.

Who can apply for asset finance for equipment?

Any trading organisation, including new start businesses, sole traders, partnerships, SMEs, blue chips and government departments. Approval is subject to status.

Can I refinance assets I already own?

Yes. Asset refinance lets you release cash from plant, machinery or vehicles you have already paid for. Read how asset refinance unlocks value to see if it fits.

Do I need to be a lender's existing customer?

No. As an asset finance broker, we approach specialist funders for you, so you do not need a relationship with any particular lender. We are authorised by the FCA as a credit broker, not a lender.

How is asset finance treated for tax?

Lease rentals are usually allowable, and bought assets may qualify for allowances such as the Annual Investment Allowance. Check the detail with your accountant.

Is asset finance different from a business loan?

Yes. Asset finance ties the funding to a specific item, while a loan gives you cash to use as you choose. If you would rather borrow without security, see our unsecured business loans.

Ready to fund your next asset?

Tell us what asset finance for equipment you want to arrange and from whom.

We will approach the right funders and reply within 24 hours.

Begin your application Call 0191 250 1550