Top 10 Asset Finance Lenders for £100,000 in 2026
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Top 10 Asset Finance Lenders for £100,000
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Liberty Leasing | Growing businesses financing equipment or vehicles near £100,000 | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 2 | Lombard | Established firms seeking high-value machinery finance | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 3 | Reward Funding | Larger asset purchases with very competitive monthly interest rates | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 4 | Time Finance | Businesses wanting straightforward annual-rate asset finance | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Smaller to mid-size equipment and vehicle leasing | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Firms preferring a high-street bank for asset finance | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-range equipment finance across multiple asset types | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Rivers Leasing | Asset finance up to £100,000 across equipment categories | £5,000 to £100,000 | interest 4% to 11.5% monthly |
| 9 | Aldermore Asset finance | Flexible asset funding from small equipment to large machinery | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Larger-scale asset finance with bespoke pricing structures | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets a business spread the cost of equipment, vehicles, or machinery by using the asset itself as security for the borrowing. This structure keeps working capital free for day-to-day operations, which makes it particularly useful for growing UK businesses. At £100,000, asset finance commonly funds plant machinery upgrades, commercial vehicle fleets, or manufacturing equipment that can drive the next stage of expansion.
Comparing asset finance lenders at £100,000 means looking beyond quoted interest rates. The total cost across the full agreement term often matters more than the headline figure. Payment structures vary — some lenders use fixed monthly schedules while others offer seasonal or stepped options. Deposit requirements can range from nothing to 20 per cent, which affects upfront cash flow. Agreement term flexibility also differs, and the right length balances monthly cost against total interest payable.
Important note:
Funding Agent
Published loan rangeFrom £10,000 to up to £1,000,000
Rate typeInterest from 6.8% annually
Why it is included:It is included because many business owners need to compare several finance routes before choosing where to apply.
Funding Agent can help businesses compare suitable options across a lender panel, especially when eligibility depends on turnover, sector, trading history, credit strength and available documents.
Best use case: When the borrower wants to avoid applying to one lender at a time.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Why it stands out
- Useful when a business wants to compare lender fit rather than guess which lender to apply to first.
- Can help position the application around the funding purpose, trading profile and available documents.
- Works well as a conversion route for readers who are unsure whether a direct lender will approve a larger unsecured facility.
Need to know
- Funding Agent is a broker, not a lender.
- The lender, not Funding Agent, sets the final rate, term, fees and approval decision.
- The best match may be unsecured, secured, revolving credit, invoice finance or another product depending on the case.
Expert take
Funding Agent is a useful honourable mention for business owners who want to compare lender options before submitting a full application. A larger unsecured loan is not always approved by the first lender a business finds, so understanding lender fit early can reduce wasted time and avoid unnecessary declines.
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Liberty Leasing backs businesses acquiring or refinancing productive assets, from heavy plant to commercial vehicles. Annual rates start around 11%, and funding often lands within 24 hours of approval. The lender weighs the asset's resale value more heavily than the balance sheet. Expect to provide a deposit, with the asset itself securing the facility.
Best next step: Ideal for asset-heavy businesses with modest trading history.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Rates from 11% annually
- Funding within 24 hours
- Asset value-led underwriting
Need to know
- Deposit typically required
- Asset resale value matters most
- Not the cheapest option available
Expert take
A specialist funder built for straightforward equipment deals. Where the asset is standard and well-maintained, Liberty moves quickly. The approach works particularly well for businesses that need funding speed without perfect financials.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Rates from 4% make Lombard a cost-conscious choice for asset finance. Part of NatWest Group, it funds equipment, vehicles and machinery with facilities reaching £5 million. Underwriting is thorough and may suit established businesses with clean credit. Funding can complete within 24 hours once approved, though bank-grade checks add process time.
Best next step: Best for established firms wanting bank-backed asset finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Rates from just 4% monthly
- Backed by NatWest Group
- Facilities up to £5 million
Need to know
- Thorough bank underwriting process
- Best suited to established businesses
- May require personal guarantee
Expert take
NatWest's asset finance arm, operating with bank-grade underwriting and pricing. Lombard suits established businesses that value low rates and a stable, long-term lending relationship. The 4% starting rate is among the most competitive for £100,000 asset finance.
Source:https://www.lombard.co.uk/
Reward Funding
Published loan range£100,000 to £5,000,000
Rate typeinterest 0.99% to 3% monthly
Overview: Reward Funding structures asset finance with a revolving drawdown facility, letting businesses pull funds as needed rather than taking a single lump sum. Monthly rates start at 0.99%, and facilities range from £100,000 to £5 million. This suits seasonal or project-based equipment purchasing. Security is required, and legal or valuation costs may apply.
Best next step: Suits seasonal or staged equipment purchasing programmes.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving drawdown facility
- Monthly rates from 0.99%
- Facilities from £100,000
Need to know
- Security always required
- Legal or valuation costs apply
- Limits may be reviewed
Expert take
A flexible funder whose revolving structure sets it apart from fixed-term asset lenders. Reward Funding works best for businesses that buy equipment in stages or across seasons, drawing only what they need. The low monthly rate rewards disciplined usage.
Source:https://rewardfunding.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Annual rates from 5.5% keep borrowing costs predictable, and Time Finance funds asset purchases up to £5 million. It covers equipment, vehicles and machinery, also offering invoice finance for businesses that want to combine asset funding with working capital. Funding decisions typically land within 24 hours.
Best next step: Works for businesses wanting asset and invoice finance together.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5.5%
- Funds within 24 hours
- Invoice finance also available
Need to know
- Asset must meet eligibility criteria
- Deposit may be needed
- Combined facilities require review
Expert take
A dual-product lender blending asset finance with invoice funding under one roof. Time Finance fits businesses that want equipment funding now and the option to draw working capital against receivables later. Annual pricing keeps costs transparent.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing can fund equipment purchases in as little as four hours, making it one of the fastest routes to asset finance. Rates start around 5.5% annually. It covers a broad range of asset types and opens facilities from £1,000 upward. The quick turnaround suits businesses that need to secure stock or machinery before a competitor does.
Best next step: Best when speed is critical to secure equipment.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding in as little as 4 hours
- Rates from 5.5% annually
- Wide asset type acceptance
Need to know
- Strong trading history expected
- Personal guarantee may apply
- Security assessment required
Expert take
A speed-focused lessor that can turn around equipment funding within a single working day. Admiral leasing suits businesses under time pressure to secure stock or machinery. The 4-hour turnaround is genuinely fast for asset-backed deals.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays writes asset finance from £1,000 to £25 million, giving a single banking relationship room to grow. Annual rates run between 8.5% and 14.9%. It finances equipment, vehicles and machinery across most industries. Underwriting follows standard bank criteria, so trading history, affordability and sometimes a personal guarantee come into play.
Best next step: Fits businesses wanting asset finance alongside everyday banking.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities up to £25 million
- Full-service banking available
- Rates from 8.5% annually
Need to know
- Strict bank affordability checks
- Trading history scrutinised
- Process may be slower
Expert take
A high-street bank with the balance sheet to handle asset finance at scale. Barclays suits businesses that want equipment funding alongside their day-to-day banking, valuing relationship depth over speed. The £25 million upper limit leaves headroom to grow.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Where standard equipment leasing falls short, Acorn Business Finance adds specialist lines like premium finance and acquisition funding. Annual rates range from 8% to 15%, with facilities from £15,000 to £5 million. Funding decisions typically arrive within 24 hours. The breadth helps businesses that need more than a straightforward lease.
Best next step: Good for non-standard asset finance requirements.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Covers specialist finance lines
- Annual rates from 8%
- Decisions within 24 hours
Need to know
- Individual underwriting per case
- Deposit usually required
- Asset eligibility varies by type
Expert take
A broker-style lender with access to mainstream and niche asset finance products. Acorn Business Finance works for businesses whose funding need does not fit a standard equipment lease, particularly where premium or acquisition finance may be the better route.
Rivers Leasing
Published loan range£5,000 to £100,000
Rate typeinterest 4% to 11.5% monthly
Overview: Rivers Leasing keeps its asset finance range tight, from £5,000 to £100,000, which means underwriting is tuned to mid-value equipment deals. Monthly rates start at 4%. It funds vehicles, plant and machinery with a straightforward asset-backed approach. Funding takes up to 48 hours, a touch slower than some competitors.
Best next step: Suits straightforward mid-value equipment finance deals.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Monthly rates from 4%
- Straightforward application process
- Asset-backed funding model
Need to know
- Maximum facility £100,000
- Funding takes up to 48 hours
- Deposit and valuation needed
Expert take
A focused asset funder operating within a defined mid-value range. Rivers Leasing suits businesses that want a no-frills, asset-secured deal without the complexity of larger lenders. The tight product scope means underwriting is consistent and predictable.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: From single vehicle purchases to large-scale plant investment, Aldermore Asset finance covers £1,000 to £10 million in asset funding. Annual rates range from 5% to 15%. The lender serves SMEs across sectors and can structure facilities around the asset type and expected lifespan. Funding typically completes within 48 hours.
Best next step: A flexible option for SMEs across most sectors.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Rates from 5% annually
- Broad SME sector coverage
- Facilities up to £10 million
Need to know
- 48-hour typical funding time
- Asset type affects terms offered
- Full eligibility assessment required
Expert take
An established SME funder with a wide product range spanning small-ticket to multi-million-pound deals. Aldermore Asset finance fits businesses that value choice and sector experience. The £1,000 minimum makes it accessible while the £10 million ceiling scales with ambition.
Source:https://www.aldermore.co.uk/business/business-finance/asset-finance/
Close Brothers
Published loan range£25,000 to £100,000,000
Rate typebespoke 3.5% to 10% monthly
Overview: Close Brothers writes bespoke asset finance from £25,000 to £100 million, with monthly rates negotiated case by case from around 3.5%. It favours established mid-market businesses in transport, manufacturing and construction. The lender structures facilities around asset lifecycles and projected cash flows rather than off-the-shelf terms.
Best next step: For established mid-market firms with complex asset needs.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke asset finance terms
- Rates negotiated from 3.5%
- Dedicated sector specialists
Need to know
- £25,000 minimum facility size
- Turnover typically £500k+ needed
- Best for mid-market businesses
Expert take
A long-established merchant bank with deep asset finance expertise across transport, manufacturing and construction. Close Brothers suits mid-market firms where the asset is complex or high-value and off-the-shelf terms do not fit the business model.
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How £100,000 asset finance works for equipment, vehicles and machinery
Asset finance at £100,000 lets your business spread the cost of high-value equipment, vehicles, or plant machinery over time rather than paying upfront. The lender buys the asset on your behalf and you repay the capital plus interest in fixed instalments.
For £100k finance, two main structures apply. Under hire purchase, you own the asset at the end of the term after a final balloon payment. Under a finance lease, the lender retains ownership and you pay for use of the asset, often with lower monthly outgoings.
Assets commonly financed at this level include CNC machinery, commercial vehicles, printing presses, agricultural equipment, and manufacturing plant. Most lenders on this list will fund both new and used assets, though older equipment may attract tighter lending terms. The asset itself serves as the primary security, which is why asset finance can be easier to secure than unsecured lending for the same amount.
Deposit requirements and LTV ratios on £100k asset finance
At £100,000, most asset finance lenders will ask for a deposit, typically ranging from 10% to 20% of the asset value. This means you should plan to contribute between £10,000 and £20,000 upfront.
The deposit directly links to the loan-to-value (LTV) ratio the lender offers. A lower deposit means a higher LTV. Reward Funding publishes a maximum LTV of 85%, so you would need at least a 15% deposit. Close Brothers goes to 90% LTV, reducing the deposit to 10%. Aldermore Asset Finance stands out by offering up to 100% LTV on asset finance, meaning no deposit may be required in some cases.
Deposit size also affects your monthly cost. A larger deposit reduces the financed amount, which can lower your monthly payments or shorten the term. If you are financing assets with strong resale value, such as late-model commercial vehicles, lenders may offer more flexible deposit terms. Speak with a broker to compare deposit and LTV options across different funders before committing.
Interest rates and costs to compare on £100,000 asset finance
Interest rates on £100,000 asset finance vary meaningfully across the lenders on this list. Understanding the cost structure helps you make a fair comparison.
Among lenders quoting annual rates, Aldermore Asset Finance starts at 5% annually, while Time Finance and Admiral Leasing both range from 5.5% to 13.5% annually. Liberty Leasing publishes rates between 11% and 16% annually, and Barclays sits between 8.5% and 14.9% annually. Acorn Business Finance quotes 8% to 15% annually.
Several lenders quote monthly rates instead. Reward Funding offers some of the lowest published rates on this list, from 0.99% to 3% per month. Close Brothers ranges from 3.5% to 10% per month, while Lombard and Rivers Leasing both sit in the 4% to 11.5% per month band.
The rate you receive depends on asset type, your trading history, and overall credit profile. Always confirm whether the quoted rate is fixed or variable and whether it is applied to the full facility or a reducing balance.
Eligibility checks and how to strengthen a £100,000 asset finance application
Lenders on this list set different eligibility thresholds that matter when applying for £100,000 of asset finance. Checking these ahead of time can save a wasted application.
Where trading history is confirmed, Lombard and Close Brothers both ask for at least one year. Aldermore Asset Finance accepts businesses with six months of trading, making it more accessible for younger companies.
Turnover requirements also vary. Lombard asks for a minimum of £25,000, which is modest at this finance level. Close Brothers sets a higher bar at £500,000 minimum turnover. Aldermore has no minimum turnover requirement, offering flexibility for smaller or early-stage businesses.
Most confirmed lenders on this list require a personal guarantee. Liberty Leasing, Reward Funding, Time Finance, Aldermore, and Close Brothers all state this requirement. A personal guarantee means you are personally liable if the business cannot repay. Before applying, prepare your latest management accounts, asset details, and a clear picture of how the equipment will support revenue growth.
