FINANCE OPTIONS

^Asset Finance for Engineering - Get a Quote

Q: How much can engineering firms borrow through asset finance?

Engineering firms can borrow between £5,000 and £1,500,000 through asset finance, depending on their credit profile, financial health, and the asset's depreciation potential.

Q: How quickly can an engineering firm get an asset finance decision?

Typically, initial decisions in asset finance are made within 5 to 10 business days, with funds available 1 to 2 weeks after approval.

Q: What are the typical rates for asset finance?

The typical interest rates for asset finance range from 3.5% to 12% APR, influenced by factors like business creditworthiness, term length, and asset condition.

Q: What are the eligibility requirements for asset finance?

Eligibility for asset finance requires UK registration, at least one year of trading history, stable financial health, and often, a clear credit record.

Asset finance, an effective financial tool, enables engineering firms to acquire vital equipment without the burden of full upfront costs. This allows for better cash flow management and access to state-of-the-art machinery. For comprehensive solutions, explore equipment finance options tailored for engineering sectors.

Asset Financing

Secure up to £500,000 in Asset Financing with Funding Agent.

Quick and easy application process
Loan disbursed within 24 hours
No additional charges for early repayment

Apply Now

What are the ^benefits of Asset Finance for Engineering?

Asset finance preserves cash flow and offers potential tax benefits. With competitive rates ranging from 3.5% to 12% APR, and amounts between £5,000 to £1,500,000, it is a viable solution for capital-intensive industries like engineering. Consider consulting our asset finance providers for tailored solutions.

Cash flow flexibility

Access to new technology

Improved operational efficiency

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Asset Finance for Engineering?

Hire Purchase (HP)

Hire Purchase allows engineering firms to acquire assets by paying in instalments while using the equipment. Approval depends on financial health; amounts range from £10,000 to £1,500,000. For more details, contact us about our hire purchase solutions.

Hire Purchase (HP)

With Hire Purchase, engineering firms can scale operations efficiently. The agreement involves regular payments, with potential full ownership after the term. Decision processes typically take 1-2 weeks, aided by stable credit histories. Learn more about our partner lenders.

Finance Lease

Finance Lease enables firms to use high-value assets without ownership burdens. Amounts between £5,000 to £1,000,000 over terms of 24 to 60 months. Check eligibility for our finance lease options.

Finance Lease

Through a finance lease, firms can access modern equipment with lower capital outlay and more effective financial planning. Approval is based on asset conditions and firm financials. Our leasing dictionary offers more insights.

Operating Lease

Operating Lease is suitable for temporary usage of high-value items, such as test machinery. Terms span 12 to 36 months, with loans of £10,000 to £500,000. Visit our lease dictionary for more details.

Operating Lease

In an Operating Lease, businesses pay to use, without owning the asset, and typically face returns at term end. Approvals occur within 1-3 weeks based on detailed usage plans. Discover offerings from our top lenders.

What is Asset Finance for Engineering?

Application and Decision Timelines

The asset finance application process involves submitting detailed financial histories and intended usage of assets. Decision timelines are typically 5-10 business days. To streamline this, access our application guide.

Regulatory and Compliance Requirements

Asset finance activities in the UK are regulated by the FCA to ensure transparency. Ensure your processes meet these standards by consulting our FCA-compliant partners.

Determining Borrowing Capacity

Borrowing limits are influenced by business credit profiles and asset types. Typically, amounts range from £5,000 to £1,500,000, with factors such as asset depreciation affecting final offers. Explore our finance calculator for tailored estimates.

Get Funding For your business

Generate offers

FAQ’S

How much can engineering firms borrow through asset finance?

How quickly can an engineering firm get an asset finance decision?

What are the typical rates for asset finance?

What are the eligibility requirements for asset finance?

DIVE DEEPER

June 24, 2025

We Like To Keep Things Simple

Match with

150+

Lenders

Loans from

£1000
to
£500K

Find all our resources

^Asset Finance for Engineering - Get a Quote

What are the ^benefits of Asset Finance for Engineering?

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Asset Finance for Engineering?

Hire Purchase (HP)

Hire Purchase (HP)

Finance Lease

Finance Lease

Operating Lease

Operating Lease