Asset & Equipment Finance
Asset finance funds the equipment, vehicles or machinery a business needs, rather than committing cash reserves to buy it outright. The asset itself is the security, available through hire purchase, finance lease, or refinance of assets you already own.
Three ways to fund an asset
The right structure depends on whether you want to own the asset, use it without owning it, or release cash from one you already have.
Hire purchase
You pay in fixed instalments over an agreed term and own the asset outright once the final payment is made.
Finance lease
You use the asset for an agreed period in return for fixed rentals. Off-balance-sheet treatment varies depending on the structure and your accounting standard.
Asset refinance (sale and leaseback)
You release cash tied up in assets you already own outright, refinancing them while continuing to use them day to day.
How it works
- Tell us the asset, its approximate value, and whether it is new or used.
- We match the structure — hire purchase, finance lease or refinance — to how you want to use and eventually own the asset.
- You review terms against the asset value and useful life before deciding.
- A decision is typically possible within 24 to 72 hours.
Typical terms
| Amount | £5k–£5m+ |
|---|---|
| Term | 1–7 years |
| Speed to funds | 24–72 hours |
| Security | The asset itself |
Indicative only. Actual terms depend on the lender and your circumstances.
What it is used for
Plant and machinery for manufacturing or construction.
Commercial vehicles and fleet renewal.
CNC and other manufacturing equipment.
IT and technology hardware refresh cycles.
Agricultural equipment and machinery.
Soft assets, such as fit-out or technology bundled with a service.
Who this typically suits
- Businesses investing in equipment to support growth, without tying up working capital.
- Businesses replacing or upgrading existing assets on a planned cycle.
- Businesses that would rather preserve cash reserves than pay for an asset outright.
When it is not the right fit
If the asset has little or no resale value, most asset finance lenders will not fund it — a Business Loan may be a more workable route.
Business LoansIf the actual need is general working capital rather than a specific piece of equipment, Business Loans are a more direct fit.
Business Loans
What to have ready
None of this is required to start a conversation — it simply helps us understand the requirement faster once you get in touch.
- Asset type, specification and approximate value
- Whether the asset is new or used
- Quote or invoice from the supplier, if available
- How the asset will be used in the business
Frequently asked questions
Tell us what you're trying to fund.
No need to select a finance product before getting in touch. Start with a short enquiry and a member of the team will be in touch.