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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THINK Business Loans

Speak to one of our dedicated FCA regulated experts
Find the right funding for your business in minutes
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Check your eligibility

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

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6 products found

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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
See Deal + More info
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 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
See Deal + More info
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
- 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
Broker
Newable Asset Finance

Any type of asset or equipment financed

Release cash against existing business assets

Rates from 1.6%
- Minimum Turnover
  £100,000 p.a.
- Available Amounts
  From £25,000
- Available Terms
  1 month to 5 years
See Deal + More info
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
Lombard Asset Financing - Vehicle Finance

Lombard are vehicle finance experts who can offer a comprehensive range of asset finance solutions

A simple finance solution with a credit decision in 24 hours for transactions up to £150,000

Security, guarantees or indemnities may be required and product fees may apply
- Minimum Turnover
  No minimum
- Available Amounts
  Up to £150,000
- Available Terms
  1 to 7 years
See Deal + More info
Company details
- Lombard is one of the UK’s oldest and largest asset finance partners
- They have helped thousands of businesses invest in their future’s every day
- Lombard have won Best Leasing and Asset Finance Provider at the Business MoneyFacts Awards every year from 2009 to 2018
Eligibility Criteria
- Finance is subject to status and is only available for business purposes

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

Ignite

Your business must be trading for 24 months or more

Unsecured, flexible funding available for small businesses

Simple registration process - get a decision within 2-4 hours, and funding within 24 hours if approved
- Minimum Turnover
  £60,000 p.a.
- Available Amounts
  £3,000 to £500,000
- Available Terms
  3 months to 10 years
See Deal
Company details
- Specialist provider of mutlidrawdown credit facilities
- Unsecured, flexible funding available for small businesses
- Simple registration process - get a decision within 2-4 hours, and funding within 24 hours if approved
Eligibility Criteria
- Specialist provider of mutlidrawdown credit facilities
- Unsecured, flexible funding available for small businesses
- Simple registration process - get a decision within 2-4 hours, and funding within 24 hours if approved
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
See Deal
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
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)
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 Recovery Loan Scheme account managers
- Minimum Turnover
  £150,000+ p.a.
- Available Amounts
  £10,000 to £10,000,000
- Available Terms
  Up to 5 years
See Deal
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 Recovery Loan Scheme 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 Recovery Loan Scheme account managers
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
See Deal
Company details
- Fast service - receive your funding in 24 hours
- Unsecured and secured business loans
- 7 products tailored to your business
Eligibility Criteria
- Fast service - receive your funding in 24 hours
- Unsecured and secured business loans
- 7 products tailored to your business

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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Published on 05 July 2017. 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.