Compare Asset Financing

If you need assets to help your business grow but lack capital then asset financing may be your ideal option
Below are a selection of UK specialist business lenders that provide asset financing solutions
Compare amounts, terms and features and apply direct.

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Newable Asset Finance

Any type of vehicle or equipment financed
Low deposit options available
Rates from 1.45% per annum

Get your quote now

Choose your business loan type

Business Loans All business loan types

Asset Financing Finance options for new and existing assets

Bridging Loans Short term property backed finance

Secured Loans Loans secured against assets of the business

RLS Recovery Loan Scheme

6 products found

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Broker
Funding Bay Asset Finance

Find a funding match from a wide range of asset finance lenders

Discover finance to access equipment, vehicles, or machinery

Release capital from your existing assets
Minimum Turnover
£250,000 p.a.

Available Amounts
£50,000 to £3,000,000

Available Terms
1 month to 5 years

See Deal + More info
Company details
- Commercial finance broker helping SMEs raise funding via a range of products
- Funding Bay has access to over 250+ lenders
- Match with a lender within 24 hours
Eligibility Criteria
- Must be based in the UK
Broker
Newable Asset Finance

Any type of vehicle or equipment financed

Release cash against existing equipment or vehicles

Rates from 1.45% per annum
Minimum Turnover
No minimum

Available Amounts
From £5,000

Available Terms
1 month to 7 years

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Company details
- Newable Finance is an FCA regulated commercial finance broker with access to 200+ lenders
- Your application will be managed by an experienced advisor, specialising in fast approvals
- No broker fees and no commitment
Eligibility Criteria
- Minimum 6 months trading history
- Soft and Hard asset finance available
- All sectors covered
Broker
Swoop Funding Asset Finance

Funding to help you access equipment, machinery or vehicles

Confidently acquire the business assets you need to grow and operate both efficiently and effectively

Enables you to buy or lease equipment
Minimum Turnover
No minimum

Available Amounts
£5,000 to £2,000,000

Available Terms
1 month to 7 years

See Deal + More info
Company details
- Simple, secure and speedy search of 1,000 funding providers without affecting your credit rating
- Free access every type of finance including the Recovery Loan Scheme
- Speak to Swoop’s team of five-star Trustpilot rated experts
Eligibility Criteria
- Must be based in the UK
- Must have been trading for 12 months or more
Broker
Fluidly Asset Financing

Quickly check your businesses' eligibility for products across both new and existing assets

Chat to a knowledgeable team of Funding Specialists

Release cash against existing business assets
Minimum Turnover
£50,000 p.a.

Available Amounts
£20,000 to £500,000

Available Terms
1 to 7 years

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Company details
- Hassle free funding options within 30 seconds
- Team of Funding Specialists are on hand to support your application
- A range of products available including Recovery Loan Schemes, unsecured and asset financing
Eligibility Criteria
- Must have been trading for 1 year or more
Broker
THINK Business Loans Asset Financing

Compare over 50 asset finance lenders with THINK's iFunds matching platform

Rates from 1.4% APR

Facilities from £50,000
Minimum Turnover
£100,000 p.a.

Available Amounts
£50,000 to £10,000,000

Available Terms
1 to 7 years

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Company details
- Find the right loan to suit your needs from a range of finance types
- Check your eligibility without a credit check
- Dedicated FCA regulated experts on hand to support your application
Eligibility Criteria
- Hard and soft assets
- No CCJs or adverse credit ratings
- Sole traders welcome
Broker
Funding Xchange Asset Finance

Discover instant & personalised loan offers in just 3 minutes

Borrow against your company's current or new assets and get the capital your business needs

One search compares Secured with Unsecured lending solutions to find the best for you
Minimum Turnover
£100,000 p.a.

Available Amounts
£5,000 to £250,000

Available Terms
1 to 5 years

See Deal + More info
Company details
- Access 70 lenders from one simple funding request
- Easily compare the choices available, including RLS options
- Apply with confidence, no impact on your credit score
Eligibility Criteria
- Your business must have been trading for a minimum of 2 years
- Your business must have an annual turnover of at least £100,000

Suppliers that don't offer Business Asset Financing but may offer suitable alternatives:

Broker
EJ Finance

Application-to-offer within 24 hours

To be contacted within 3 minutes of applying

Access to over 200+ lenders, covering all sectors
Minimum Turnover
£50,000 p.a.

Available Amounts
£10,000 to £10,000,000

Available Terms
1 months to 10 years

See Deal
Company details
- Application-to-offer within 24 hours
- To be contacted within 3 minutes of applying
- Access to over 200+ lenders, covering all sectors
Eligibility Criteria
- Application-to-offer within 24 hours
- To be contacted within 3 minutes of applying
- Access to over 200+ lenders, covering all sectors
Peer To Peer
Funding Circle

Your business must have a minimum of 2 years’ trading history

A leading UK platform for Small Business Loans

Simple online application and decisions in as little as 1 hour

Rates from 2.9% to 12.1% per year - No early settlement fees
Minimum Turnover
No minimum

Available Amounts
£10,000 to £500,000

Available Terms
2 to 6 years

See Deal
Company details
- A leading UK platform for Small Business Loans
- Simple online application and decisions in as little as 1 hour
- Rates from 2.9% to 12.1% per year - No early settlement fees
Eligibility Criteria
- A leading UK platform for Small Business Loans
- Simple online application and decisions in as little as 1 hour
- Rates from 2.9% to 12.1% per year - No early settlement fees
Nationwide Finance Business Finance

Nationwide Finance help 35,000 businesses get finance each year

Direct funder - not a broker

Same day decision, funds within 48 hours
Minimum Turnover
No minimum

Available Amounts
£10,000 to £500,000

Available Terms
1 to 5 years

See Deal
Company details
- Nationwide Finance help 35,000 businesses get finance each year
- Direct funder - not a broker
- Same day decision, funds within 48 hours
Eligibility Criteria
- Nationwide Finance help 35,000 businesses get finance each year
- Direct funder - not a broker
- Same day decision, funds within 48 hours
Broker
Puzzle Funding

Puzzle’s free service matches your business with over 100+ lenders in seconds

Complete your application within 3 minutes and receive funds in as little as 1 hour

High Acceptance Rate
Minimum Turnover
£50,000 p.a.

Available Amounts
£1,000 to £15,000,000

Available Terms
1 month to 25 years

See Deal
Company details
- Puzzle’s free service matches your business with over 100+ lenders in seconds
- Complete your application within 3 minutes and receive funds in as little as 1 hour
- High Acceptance Rate
Eligibility Criteria
- Puzzle’s free service matches your business with over 100+ lenders in seconds
- Complete your application within 3 minutes and receive funds in as little as 1 hour
- High Acceptance Rate
iwoca

Flexible Credit Facilities of £1,000 to £200,000 for Limited Companies

No fees or long term commitments

Apply online in minutes for a decision (some decisions may take up to 24 hours)
Minimum Turnover
£50,000 p.a.

Available Amounts
£1,000 to £200,000

Available Terms
up to 12 months

See Deal
Company details
- Flexible Credit Facilities of £1,000 to £200,000 for Limited Companies
- No fees or long term commitments
- Apply online in minutes for a decision (some decisions may take up to 24 hours)
Eligibility Criteria
- Flexible Credit Facilities of £1,000 to £200,000 for Limited Companies
- No fees or long term commitments
- Apply online in minutes for a decision (some decisions may take up to 24 hours)
365 Business Finance

Your business must process credit and debit card transactions to apply for this product

A flexible business funding alternative

Cash advanced against card transactions

Pay back an affordable % of your card transactions
Minimum Turnover
£5,000+ card transactions per month

Available Amounts
£5,000 to £200,000

Available Terms
4 to 18 months

See Deal
Company details
- Get between £5,000 and £200,000
- Pay back through your customer card transactions
- A single all inclusive charge that never changes
- No interest, APRs or hidden extras
Eligibility Criteria
- Your business must have been trading for at least 6 months
- Your business must accept debit and credit card payments
- Your business must take at least £5,000 per month in card transactions.
MarketFinance

Fast, flexible, frictionless business finance

Helping SMEs secure working capital since 2011

Various funding solutions available to meet all business needs
Minimum Turnover
£50,000 p.a.

Available Amounts
£5,000 to £50,000

Available Terms
3 months to 1 year

See Deal
Company details
- Fast, flexible, frictionless business finance
- Helping SMEs secure working capital since 2011
- Various funding solutions available to meet all business needs
Eligibility Criteria
- Fast, flexible, frictionless business finance
- Helping SMEs secure working capital since 2011
- Various funding solutions available to meet all business needs
Fleximize

Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees

Interest charged on reducing balance, not total loan amount - repay early and only pay for the time you had the loan

Apply online in five minutes, typically get a decision in 24 to 48 hours, receive funds the same day
Minimum Turnover
£60,000 p.a.

Available Amounts
£5,000 to £500,000

Available Terms
1 month to 4 years

See Deal
Company details
- Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees
- Interest charged on reducing balance, not total loan amount - repay early and only pay for the time you had the loan
- Apply online in five minutes, typically get a decision in 24 to 48 hours, receive funds the same day
Eligibility Criteria
NatWest Rapid Cash - Invoice Finance

Eligibility Criteria Apply

Rapid Cash is an innovative, high tech solution to business financing

Borrow against your unpaid invoices and get a flexible line of credit from £25,000 to £1 Million

You could be approved within 48 hours. Security and guarantee required. Fees may apply
Minimum Turnover
£100,000 p.a.

Available Amounts
£25,000 to £1,000,000

Available Terms
No min/max terms

See Deal
Company details
- Rapid Cash is an innovative, high tech solution to business financing
- Borrow against your unpaid invoices and get a flexible line of credit from £25,000 to £1 Million
- You could be approved within 48 hours. Security and guarantee required. Fees may apply
Eligibility Criteria
- Rapid Cash is an innovative, high tech solution to business financing
- Borrow against your unpaid invoices and get a flexible line of credit from £25,000 to £1 Million
- You could be approved within 48 hours. Security and guarantee required. Fees may apply
Broker
Portman Asset Finance

Business finance broker with specialist sector experience, offering fast and flexible finance solutions

Access over 40 leading UK lenders

Over £750 million in funding provided to thousands of small-to-medium sized UK businesses
Minimum Turnover
No minimum

Available Amounts
£1,000 to £10,000,000

Available Terms
Up to 5 years

See Deal
Company details
- Business finance broker with specialist sector experience, offering fast and flexible finance solutions
- Access over 40 leading UK lenders
- Over £750 million in funding provided to thousands of small-to-medium sized UK businesses
Eligibility Criteria
- Business finance broker with specialist sector experience, offering fast and flexible finance solutions
- Access over 40 leading UK lenders
- Over £750 million in funding provided to thousands of small-to-medium sized UK businesses

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Last updated on 16 November 2020.

Asset Financing FAQ

Asset financing is a solution to help businesses acquire the assets they need to grow, even if they lack the necessary capital. Before opting for any type of business finance it is crucial to make sure that you understand how they work and which kind of companies they are suitable for.

What is asset financing?

Asset financing is a solution that businesses can use to grow and develop their business, even if they don't have the capital of their own to hand. For instance, it's not easy to grow a company that requires new equipment and tools if you don't have the capital funds available; asset financing solves the problem by allowing you to replace old equipment and expand your business without overstretching your financial limits.

Depending on your business, the assets that you acquire financing for could be anything from a fleet of vehicles to office equipment.

How can asset financing help my business?

For many companies, asset financing offers a more versatile solution than standard borrowing options such as bank loans. The main advantage is the fact that it allows you to use and obtain essential equipment that your business needs to thrive and expand.

How does asset financing work?

The way that your asset financing solution will work will depend on the contract you agree to. For instance:

Hire Purchase Financing Agreements can last for a period of 12 to 72 months. These options require you to pay a deposit, plus several fixed monthly instalments over your agreed term, after which point you will officially own the assets.
Leasing Finance Agreements involve your lender purchasing the assets you need and leasing them to you for a fixed monthly cost. You can therefore access the assets you need based on monthly cash flow rather than capital.
Refinancing Agreements are offered to businesses that have already invested in new equipment, but need to release some of the capital in those assets. Refinancing solutions usually involve a lender buying equipment from you and leasing it back over a set time period.

What are the benefits of asset financing?

Asset financing can give your business the tools and equipment that it needs to grow without consuming your entire budget. With asset financing, you will only need to use a fraction of the capital that would be required to buy the equipment outright, and at the end of the agreement, you may also be able to own, continue leasing, or agree to purchase the equipment for a lower price.

What are the disadvantages of asset financing?

Although asset financing can be a useful solution for many businesses, its value to your company will depend on your specific circumstances. Remember that asset financing can be more expensive in the long-term than buying an asset outright, and in some cases, you may have to make a deposit or advance payment.

How flexible is asset financing?

Asset financing can be very flexible depending on the contract that you choose. For small businesses that are looking to grow, this financial solution can give you the power you need to invest in new opportunities without taking on too much financial risk - provided that you can afford the monthly payments. Additionally, you will be able to adjust your financing solutions according to the needs of your business. For instance, if your company grows over the period of your lease, you may decide at the end of that lease to upgrade to a new model, or more equipment.

What is asset refinancing?

Asset refinancing is often confused with asset financing, but they are two very different solutions. Asset refinancing refers to the process of securing a loan against the valuable items that your business owns, such as vehicles, buildings, or tools. If you cannot keep up with the repayments on an asset refinancing contract, your lender will take the asset to recoup what is owed.

What kind of equipment can I buy with asset financing?

As long as you choose the right provider, you could potentially gain access to any of the equipment you might require for the continued development of your business. Industries that may use asset financing for growth could range from those in the waste disposal sector, to those involved with transportation, medical, or manufacturing businesses.