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.
5 products found
  • Fluidly Asset Financing logo
    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
  • THINK Business Loans Asset Financing logo
    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
  • Funding Xchange Asset Finance logo
    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
  • Newable Asset Finance logo
    Broker

    Newable Asset Finance

    • Any type of asset or equipment financed
    • Release cash against existing business assets
    • Rates from 1.45% per annum
    • Minimum Turnover
      No minimum
    • Available Amounts
      From £5,000
    • Available Terms
      1 month to 7 years
  • Swoop Funding Asset Finance logo
    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
  • Suppliers that don't offer Business Asset Financing but may offer suitable alternatives:

    • Funding Circle logo
      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 4.3% 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
    • EJ Finance logo
      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
    • iwoca logo

      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
    • Fleximize logo

      Fleximize

      • Voted "Best Business Finance Provider" at the British Bank Awards 2020
      • Industry-leading flexibility - top-ups, repayment holidays, no hidden fees
      • Interest charged on a reducing balance, repay early and only pay for the time you had the loan
      • Rates from 0.9% per month (10.8% per annum), with no additional fees
      • Minimum Turnover
        £60,000 p.a.
      • Available Amounts
        £5,000 to £500,000
      • Available Terms
        3 months to 4 years
    • NatWest Rapid Cash - Invoice Finance logo

      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
    • Portman Asset Finance logo
      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
        £10,000 to £10,000,000
      • Available Terms
        Up to 5 years
    • Nucleus logo

      Nucleus

      • Fast service - receive your funding in 24 hours
      • Unsecured and secured business loans
      • 7 products tailored to your business
      • Minimum Turnover
        £60,000 p.a.
      • Available Amounts
        £3,000 to £50,000,000
      • Available Terms
        3 months to 8 years

Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

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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.

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