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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Funding Circle Business Loans

Funding Circle, supporting small businesses for over 10 years
Borrow £50,001 to £250,000 with the Government's CBIL scheme
Nothing to pay for 12 months - No upfront fees - No early settlement fees

See Deal

Choose your business loan type

Business Loans All business loan types

Asset Financing Secure finance against your assets

Bridging Loans Short term property backed finance

Secured Loans Loans secured against assets of the business

CBILS Coronavirus Business Interruption Loan Scheme

3 products found

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Broker
B2Bfinance.com Asset Financing

Borrow up to 100% of Asset Cost (including VAT)

Repayment periods geared to economic life of asset

No additional security required and no broker fee
- Minimum Turnover
  No minimum
- Available Amounts
  £25,000 to £10,000,000
- Available Terms
  1 month to 5 years
Company details

No broker fee

Whole-of-market coverage

100% online application process (including digital signatures)

Brokers are experienced ex-high street bank staff

Eligibility criteria

Any item(s) considered

Previous bad credit accepted

Lending to Limited Companies, LLPs & Sole Traders

Ideally you have been trading more than 6 months, however certain ‘hard’ assets for startups can be funded
See Deal More info
Broker
THINK Business Loans Asset Financing

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

Rates from 1.34%

Facilities from £25,000 - no upper limit
- Minimum Turnover
  £50,000 p.a.
- Available Amounts
  From £25,000
- Available Terms
  6 months to 7 years
Company details

THINK's funding platform matches your businesses eligibility against hundreds of lenders instantly (without a credit check)

THINK are the UK's leading business lending specialists; their experts are on hand to guide you through the process

Find the perfect loan in minutes - Make the lender work for you

Eligibility criteria

Minimum 6 months trading history

Soft and Hard asset finance available

All sectors covered

Franchise and Catering options
See Deal More info
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
Company details

Funding Xchange’s free service matches your eligibility against over 50 lenders in seconds

Complete your application online in as little as 3 minutes and you could get funded in a few hours

It's simple, safe and free and the search won’t affect your credit rating

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
See Deal More info

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

Peer To Peer
Funding Circle

Borrow £50,001 to £500,000 with the Government's CBIL scheme

Nothing to pay for 12 months - No upfront fees - No early settlement fees

Simple online application & decisions in as little as 5 hours

Rates between 1.8% and 7.4% APR
- Minimum Turnover
  £200,000+ p.a.
- Available Amounts
  £50,001 to £500,000
- Available Terms
  2 to 5 years
Company details

Funding Circle, supporting small businesses for over 10 years

Used by over 57,000 UK businesses

All Funding Circle do is small business, as a result 9 out of 10 of their businesses would come back first next time

Eligibility criteria

UK-based business - 3 years of trading history - Adversely affected by coronavirus

Loan primarily for trading in the UK

Annual turnover from £200K+ up to £45 million - Over 50% of turnover from trading activity (e.g. not from investments)
See Deal
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
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
See Deal
Broker
Swoop Funding

Simple, secure and speedy access to over 1,000 funding providers without affecting your credit rating

Experts in CBILS – borrow from £50k to £250k with no personal guarantee, no fees, no repayment for 12 months, no early settlement fee

Speak to Swoop's team of experts – five-star Trustpilot rated
- Minimum Turnover
  £200,000 p.a.
- Available Amounts
  £1,000 to £10,000,000
- Available Terms
  3 months to 6 years
Company details

Eligibility criteria
See Deal
Broker
Fluidly

Your business must be trading for 12 months or more to apply with us

Instantly see funding products your business is eligible for, from across the market (no credit checks)

A dedicated 5-star rated Funding Specialist on hand to support your application end-to-end (no hidden fees)

Range of products available including CBILS, unsecured loans and asset financing
- Minimum Turnover
  £100,000 p.a.
- Available Amounts
  £50,000 to £10,000,000
- Available Terms
  1 to 10 years
Company details

Hassle free funding options within 30 seconds

Team of 5-star rated Funding Specialists are on hand to support your application

A range of products available including CBILS, unsecured and asset financing

Eligibility criteria

Hassle free funding options within 30 seconds

Team of 5-star rated Funding Specialists are on hand to support your application

A range of products available including CBILS, unsecured and asset financing
See Deal
Asto

Short-term working capital loans from Asto, a part of the Santander Group

Once approved, your business can borrow from £150 to £150,000 (subject to your credit limit)

18.9% APR representative. Rates vary depending on your and your business’ circumstances
- Minimum Turnover
  No minimum (must have positive cashflow)
- Available Amounts
  £150 to £150,000
- Available Terms
  6 to 12 months
Company details

Short-term working capital loans from Asto, a part of the Santander Group

Once approved, your business can borrow from £150 to £150,000 (subject to your credit limit)

18.9% APR representative. Rates vary depending on your and your business’ circumstances

Eligibility criteria

Short-term working capital loans from Asto, a part of the Santander Group

Once approved, your business can borrow from £150 to £150,000 (subject to your credit limit)

18.9% APR representative. Rates vary depending on your and your business’ circumstances
See Deal
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
Company details

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

Apply online in minutes, receive funds in as little as 24 hours.

Eligibility criteria

Minimum annual turnover of £60,000 p.a.

Borrow between £5,000 and £500,000

Business activities must be UK-based and impacted by Covid-19
See Deal
Broker
Portman Asset Finance

Business finance broker with specialist sector experience to offer fast and flexible finance solutions

Access over 40 leading UK business finance providers

Dedicated CBILS specialist account managers
- Minimum Turnover
  £150,000+ p.a.
- Available Amounts
  £10,000 to £10,000,000
- Available Terms
  Up to 5 years
Company details

Business finance broker with specialist sector experience to offer fast and flexible finance solutions

Access over 40 leading UK business finance providers

Dedicated CBILS specialist account managers

Eligibility criteria

Business finance broker with specialist sector experience to offer fast and flexible finance solutions

Access over 40 leading UK business finance providers

Dedicated CBILS specialist account managers
See Deal
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
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.
See Deal
Start Up Loans (British Business Bank)

Interest rate of fixed 6% per annum

Receive business mentoring and support after drawing down your loan

No application fees or early repayment fees
- Minimum Turnover
  No minimum
- Available Amounts
  £500 to £25,000
- Available Terms
  1 to 5 years
Company details

Start Up Loans is a Not-For-Profit Company offering a finance and mentoring solution to start and grow a business

Start Up Loans have helped over 40,000 businesses get started in the UK

Free application support

Free post-loan business mentoring

Eligibility criteria

Business is based in the UK

Trading for under 24 months

18 years and over
See Deal

Also for Business

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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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.