Lombard Finance

Lombard Business Loans logo
  • Lombard offers a range of finance products to businesses. Find out what options are available, whether your business is eligible, and how to apply.
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Last updated on 28 June 2022.

Lombard Finance is a provider of asset finance, offering a variety of ways to help you buy the assets you need for your business to grow.

Asset finance is an important consideration for lots of businesses. It allows you to buy expensive equipment, such as fleet vehicles or machinery, and pay a regular amount over an agreed period. With asset finance, you avoid the full upfront price that could otherwise strain your cash flow.

Read on below to learn more about Lombard Finance’s features and customer reviews, and to see if you’re eligible.

Who is Lombard?

Lombard Finance has been providing asset finance to UK businesses since 1861. It was acquired by Royal Bank of Scotland in 2000 and provides a variety of asset finance solutions for businesses in different industries, including agriculture, healthcare, and green energy.

What industries does Lombard serve?

Lombard Finance serves a variety of industries, including:

  • Agriculture
  • Marine
  • Aviation
  • Machinery
  • Healthcare

What business finance options does Lombard offer?

Asset finance

Lombard business finance is designed to help you fund your assets, from commercial vans and zero-emission vehicles to healthcare technology and agriculture equipment. Lombard’s asset finance could make it easier for you to get the equipment you need, without paying upfront fees. You can fund these assets in different ways, which you can read about below.

» COMPARE: Asset financing

Start Up Loans

These government-backed loans currently allow every owner in your business to potentially borrow £25,000 (up to a maximum of £100,000 per business) at a fixed interest rate of 6% per year.

You can currently choose to repay the loan over anything from one to five years.

» COMPARE: Business loans

Hire purchase agreements

Hire purchase agreements are suitable when you want to hire goods, such as machinery, vehicles, or expensive equipment, and pay an agreed monthly sum – rather than an upfront fee that could strain your cash flow. Your business won’t own the asset until you’ve repaid Lombard in full. Lombard finance currently offers payment terms from 12 to 60 months.

Business contract hires

Business contract hire is also known as vehicle contract hire or vehicle leasing. This type of asset finance is suitable for leasing single vehicles or entire fleets, allowing you to lease a vehicle and avoid the risks that normally come with full ownership, such as depreciation, which is when the market value for your vehicle decreases. You also have the option to upgrade your vehicle every 2 to 4 years.

Chattel loan mortgages

This type of funding allows you to use assets as security for a loan. Once you have repaid the loan, the mortgage is removed. Chattel loan mortgages are typically used with marine or aviation assets, but they could also be used for equipment such as plant and machinery. You may also be able to use Chattel loan mortgages to fund commercial boats and planes.

Finance leases

With this type of finance, Lombard buys the asset and rents it to you. You’ll never own the asset outright, but you’ll bear the risks and rewards of ownership. For instance, you’ll receive a fixed percentage of the resale value, which may end up higher or lower than what your rental agreement has covered.

Depending on your agreement, you might be able to extend the lease with reduced monthly payments, plus you can tailor the repayments to suit your cash flow. Overall, finance leasing could be an option if you were looking for payment flexibility.

Residual value leases

This is similar to a finance lease, except that your business will not bear the risks of ownership. Instead, Lombard retains the risks and rewards of the asset. With a residual value lease, your rentals won’t cover the full asset value, which means the payments are reduced.

Residual lease finance may be something to consider if you want to rent expensive equipment at a lower cost than a finance lease, and without the risk of the asset losing value or having to dispose of it yourself.

Intellectual property funding

This is slightly different from the other finance options. Lombard Finance calculates the value of your intellectual property (IP) using cash flows, contracts and future plans. This type of finance is designed to uncover the value of your company’s intangible assets.

Lombard then licenses the use of your software back to you for an agreed term, normally ranging from three to five years. Once your agreed term is finished, you can buy the IP back, have it sold to a third party, or negotiate a reevaluation to refinance.

How do I apply for business finance with Lombard?

To apply for Lombard Business Finance, you simply need to visit the website directly and complete the online application form.

What do Lombard customers say?

There are online customer reviews of Lombard Finance. The company doesn’t have an app.

Lombard scores 1.4/5 Trustpilot from 32 reviews.

This information is correct as of 22 May 2022.


Lombard Finance has a wide variety of finance options.

Its green asset finance solution is designed specifically to help fund zero emission vehicles and assets, making it a potential choice for businesses with green targets. If your business pays corporation tax, then you might be able to benefit from tax incentives.

Lombard Finance FAQs

How long does asset finance last with Lombard?

According to Lombard, asset finance typically lasts 12 to 60 months on a hire purchase agreement, and between 24 and 48 months on a contract hire agreement.

What happens if my finance agreement comes to an end?

It depends on the type of finance agreement. Once your contract hire agreement ends, you return the leased vehicle back to Lombard. At the end of your purchase agreement, you’ll own the asset, while at the end of your finance lease, you’ll receive a fixed percentage of the proceeds from the resale of the asset.

Is Lombard owned by NatWest or RBS?

Lombard was acquired by Royal Bank of Scotland in 2000, which is part of the NatWest Group.

Services offered by this provider may change over time. Always check Ts&Cs.