GRENKE Leasing Limited, trading as GRENKE UK, is an asset finance specialist established in 1978 in Germany and operating in the UK since 2002. It offers leasing, hire purchase, and framework agreements primarily for small and medium-sized enterprises (SMEs). GRENKE's services are suited to businesses seeking equipment finance rather than unsecured loans, with a focus on fast credit decisions and ongoing vendor partnerships. It operates through equipment dealers and directly with end customers, regulated by the Financial Conduct Authority for consumer credit activities. For an overview of asset finance options, see asset finance and asset finance for small businesses.

Key Features of GRENKE UK

The lender offers a mix of digital tools and personalised support, facilitating swift finance approvals and flexible asset management.

• Online eSignature portal enables quick contract completion (application service provider)
• Automated credit scoring supports decisions in under 20 minutes for smaller deals (quick decision loans)
• Vendor partner programmes aid suppliers with marketing and sales support, helping speed up sales processes
• Combination of multiple asset suppliers on one agreement for simplified management
• Dedicated account managers and UK-based customer service team provide ongoing assistance

Funding Eligibility

You may qualify for GRENKE finance if your business has typically traded for at least 12 months, although start-ups may be considered with additional security or personal guarantees. There is no publicly specified minimum turnover, but affordability will be assessed. Certain sectors are excluded, such as gambling, arms manufacturing, cryptocurrencies, and speculative real estate. Personal guarantees are commonly required for limited companies. For more on qualifying, see how to qualify for a business loan and understanding personal guarantees in business loans.

Loan Options

GRENKE UK provides three main asset finance products, each with differing terms suited to various business needs.

• Hire Purchase: £1,000 to £500,000 per agreement, with terms from 12 to 60 months. Fixed flat rates are applied but rates are not publicly disclosed. Ownership transfers after final payment and capital allowances may be claimed. More details at hire purchase.
• Classic Lease (Operating Lease / Finance Lease): From £500 up to £500,000+, with most single asset bundles up to £100,000. Lease terms range from 12 to 60 months with fixed rentals. Interest rates vary by asset, term and credit score but are not publicly shown. Find out more at classic lease.
• Master Lease Agreement: Framework credit line facility from £25,000 up to £1,000,000 aggregate, individual drawdowns start at £500. Terms of 1 to 5 years per schedule, with a renewable 12-month framework period. Intended for established businesses with equipment spending needs. See master lease agreement for details.

How to Apply

The application process is structured to be primarily digital, with speed and convenience in mind. Applicants should expect to prepare some documentation for credit assessment and contract completion.

• Submit your application online via a partner or GRENKE's direct portal; paper contracts are available if needed (application form)
• Provide supporting documents including supplier quotes or invoices, identification and address proof for company directors, and recent financial statements
• Credit decisions for loans up to £100,000 are usually instant to within two hours; larger or more complex applications take 1 to 2 working days (loan approval timeline)
• Funding is typically processed to the supplier within 24 to 48 hours following signed delivery confirmation

Funding Agent's View on GRENKE Leasing Limited

GRENKE UK is a niche provider focusing on asset-backed finance solutions rather than unsecured lending. Its strengths lie in streamlined digital applications, low minimum deals, and credit facilities for businesses with recurring equipment needs. However, it may not suit businesses looking for unsecured cash loans or those unable to provide personal guarantees. To explore your options and check eligibility, visit loan eligibility requirements, use the asset finance calculator, or browse financing options.