Top 10 £100,000 Asset Refinance Lenders UK 2026
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Top 10 £100,000 asset refinance lenders compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Lombard | Established SMEs refinancing £100,000 across diverse asset types | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 2 | Liberty Leasing | Businesses comparing annual-rate asset refinance on £100,000 | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Reward Funding | Mid-sized firms refinancing assets at the £100,000 entry point | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 4 | Time Finance | Growing businesses unlocking £100,000 from plant or machinery | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Metro Bank | Existing Metro Bank customers seeking asset-backed refinance | £2,000 to £25,000,000 | interest 9.6% to 9.6% annually |
| 6 | Barclays | Barclays business customers refinancing machinery or vehicles | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Nationwide Finance | Younger businesses with at least three months trading history | £10,000 to £500,000 | interest 4.5% to 11% monthly |
| 8 | NatWest Bank | Higher-turnover businesses needing bank-led asset refinance | £500 to £10,000,000 | interest 4.5% to 10.5% annually |
| 9 | Aldermore Asset finance | Startups and smaller firms refinancing equipment from £100,000 | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Well-established firms with £500,000+ turnover refinancing assets | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset refinance lets a business borrow against assets it already owns—such as machinery, vehicles, or equipment—by using them as security for a loan. It suits UK businesses that have built up valuable assets and now want to release working capital without selling them. A lender advances a lump sum based on the asset’s current market value, while the business continues using the assets as normal. For many, refinancing £100,000 from existing equipment frees up cash to fund growth, bridge a gap, or invest in new opportunities.
Choosing a lender for £100,000 asset refinance means looking beyond the advertised rate. Loan-to-value ratios determine how much a lender advances against each asset type, and this varies between providers. Repayment flexibility matters—some offer seasonal terms that suit uneven cash flow. Funding speed differs, with some completing within days and others taking weeks. Fee structures vary, so comparing total cost is essential. A lender’s experience with your asset class often decides whether the deal completes smoothly.
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.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Competitive rates and deep asset knowledge make Lombard a natural first look for businesses refinancing plant, machinery, or commercial vehicles. Pricing starts low for well-maintained assets with clear ownership. Expect thorough asset valuation and a preference for standard, easily remarketed equipment.
Best next step: Compare Lombard rates against other asset refinance lenders.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low starting rates from 4% monthly
- Funds up to £5,000,000
- Backed by a major banking group
Need to know
- Full asset valuation typically required
- Best for standard, remarketable assets
- Ownership must be clear and unencumbered
Expert take
A heavyweight asset funder backed by a major banking group, Lombard suits established businesses with clean, well-documented equipment portfolios. Strong fit for £100,000 refinance where the asset is standard plant or commercial vehicles with clear title.
Source:https://www.lombard.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Funding can land within 24 hours, which matters when working capital cannot wait. Liberty Leasing approves quickly against existing equipment, vehicles, or machinery, using asset value rather than trading history as the main driver. Annual-rate pricing keeps cost comparisons straightforward.
Best next step: See if Liberty Leasing can fund within 24 hours.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Decisions within 24 hours
- Annual interest from 11%
- Lends from £10,000 up
Need to know
- Higher minimum rate than some peers
- Asset condition drives the valuation
- Not ideal for very specialist kit
Expert take
A speed-led independent funder that prioritises asset quality over lengthy credit analysis. The 24-hour turnaround works well for businesses needing to release £100,000 quickly against well-maintained equipment or vehicles.
Reward Funding
Published loan range£100,000 to £5,000,000
Rate typeinterest 0.99% to 3% monthly
Overview: Facilities from £100,000 up to £5 million cover mid-market and larger refinance needs without forcing borrowers into territory they do not require. Monthly rates start below 1%, suiting businesses with strong credit and valuable assets. A flexible drawdown structure means you only pay for what you use.
Best next step: Explore Reward Funding for larger refinance needs.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly rates from 0.99%
- Drawdown only what you need
- Up to £5,000,000 available
Need to know
- Security and legal costs may apply
- Minimum facility is £100,000
- Strong credit profile expected
Expert take
A flexible facility funder built for businesses that want ongoing access rather than a one-off injection. The drawdown model suits a £100,000 refinance where seasonal working capital peaks justify paying only for drawn funds.
Source:https://rewardfunding.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: A revolving structure lets you refinance assets and draw again as needs change, suiting businesses with seasonal or project-driven working capital gaps. Time Finance also works with unpaid invoices, so the same relationship can support multiple funding channels. Annual rates from 5.5% keep costs predictable.
Best next step: Check if a revolving facility suits your cash cycle.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving drawdown available
- Annual rates from 5.5%
- Facilities reach £5,000,000
Need to know
- Invoice finance may suit better for some
- Usage costs can rise over time
- Asset eligibility checks apply
Expert take
A multi-product funder comfortable blending asset and invoice finance under one roof. For a £100,000 refinance, the revolving structure helps businesses that expect to draw, repay, and redraw against their asset base repeatedly.
Source:https://www.timefinance.com/
Metro Bank
Published loan range£2,000 to £25,000,000
Rate typeinterest 9.6% to 9.6% annually
Overview: A high-street bank with institutional backing and broad product coverage, Metro Bank suits businesses that value face-to-face relationship management alongside their asset refinance. The published rate sits at 9.6% annually, which is transparent but may not be the cheapest. Expect full underwriting and stronger trading history requirements.
Best next step: Speak to Metro Bank about relationship-led refinance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- High-street relationship banking
- Broad product ecosystem
- Lends up to £25,000,000
Need to know
- Bank underwriting takes longer
- Trading history scrutinised closely
- Personal guarantee likely needed
Expert take
A relationship-driven high-street bank better suited to established businesses that already hold a current account or want to consolidate banking. A £100,000 asset refinance here favours borrowers with clean accounts and steady turnover.
Source:https://www.metrobankonline.co.uk/business/borrowing/
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays backs hard assets across nearly every category, from construction plant to agricultural equipment, giving it reach that narrower specialists lack. Annual rates land between 8.5% and 14.9% depending on asset quality and credit profile. A unified banking relationship can smooth the application for existing customers.
Best next step: Ask Barclays about asset refinance for mixed fleets.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Wide asset type acceptance
- Established high-street brand
- Up to £25,000,000 available
Need to know
- Stricter underwriting than specialists
- Trading history matters heavily
- Legal and valuation costs apply
Expert take
A universal bank with deep asset finance capability across sectors. Existing Barclays customers refinancing £100,000 in equipment or vehicles may find the process faster, though the credit bar remains higher than independent funders.
Nationwide Finance
Published loan range£10,000 to £500,000
Rate typeinterest 4.5% to 11% monthly
Overview: Monthly-rate pricing keeps repayments transparent and predictable, starting at 4.5% for stronger applications. Nationwide Finance works with both asset refinance and invoice finance, so businesses with mixed funding needs can consolidate under one provider. Asset condition and ownership clarity drive the credit decision.
Best next step: See Nationwide Finance rates for asset refinance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly rates from 4.5%
- Asset and invoice finance available
- Lends from £10,000 up
Need to know
- Monthly rate compounds quickly
- Asset valuation is required
- Not suited for weak credit profiles
Expert take
A dual-product funder that can pivot between asset and invoice finance depending on which works better. For a £100,000 refinance, the monthly-rate structure suits businesses wanting clearly defined monthly costs without annual recalculation.
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NatWest Bank
Published loan range£500 to £10,000,000
Rate typeinterest 4.5% to 10.5% annually
Overview: Fast decisions and a low entry point of £500 make NatWest accessible, yet the lending ceiling reaches £10 million for larger needs. Annual rates from 4.5% compete well with independent funders. An existing business current account can speed things along, though bank-grade underwriting still applies.
Best next step: Speak to NatWest about competitive annual rates.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 4.5%
- Low £500 minimum entry
- Revolving credit lines available
Need to know
- Bank underwriting is thorough
- Strong trading record expected
- Personal guarantee may apply
Expert take
A high-street bank with unusually competitive asset finance pricing that rivals specialist funders. For a £100,000 refinance, NatWest works best for established businesses with a clean banking record and assets that value conservatively.
Source:https://www.natwest.com/business/loans-and-finance.html
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: From £1,000 to £10 million, the lending band covers every scale of asset refinance without forcing borrowers into rigid tiers. Annual rates between 5% and 15% reflect a willingness to price for risk rather than decline borderline cases. Funding typically completes within 48 hours, slightly slower than the fastest specialists.
Best next step: Compare Aldermore's asset refinance terms.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Wide lending band available
- Rates reflect risk, not reject
- Lends from £1,000 up
Need to know
- Funding takes around 48 hours
- Higher risk means higher rate
- Asset type influences pricing
Expert take
A broad-spectrum asset funder that prices across a wide risk band rather than drawing a hard eligibility line. For a £100,000 refinance, Aldermore suits businesses whose credit profile sits outside high-street bank appetite but still merits a fair rate.
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: Bespoke pricing and a deep understanding of transport, manufacturing, and construction assets set Close Brothers apart for mid-market businesses. Monthly rates from 3.5% reflect a tailored approach rather than off-the-shelf pricing. Established firms with turnover above £500,000 get the strongest terms, and funding can arrive within 24 hours.
Best next step: Explore Close Brothers for specialist asset refinance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke pricing per deal
- Deep sector expertise
- Funds can land in 24 hours
Need to know
- Monthly rate structure applies
- £500,000 turnover often expected
- Best for mid-market firms
Expert take
A sector-specialist funder with genuine expertise in transport, manufacturing, and construction assets. For a £100,000 refinance, Close Brothers works best for established mid-market businesses whose equipment type matches the lender's core strengths.
Asset Finance Calculator
How asset refinance unlocks £100,000 from your existing business assets
Asset refinance lets you borrow against equipment, machinery or vehicles your business already owns outright. Instead of selling assets to raise cash, you use them as security. The lender takes a charge over the assets and advances a lump sum up to an agreed percentage of their current market value.
For a £100,000 refinance, the asset or asset pool needs to be worth enough to satisfy the lender's loan-to-value ratio. Several lenders on this page can accommodate £100,000 facilities. Reward Funding starts at exactly £100,000, while Liberty Leasing offers from £10,000 up to £2,000,000. Lombard and Time Finance each extend to £5,000,000 for larger requirements.
Repayments are fixed over the agreed term, and you retain use of the assets throughout. Once the facility is fully repaid, the charge is released and full ownership remains with your business.
What lenders look for when approving a £100,000 asset refinance
Lenders assess three things when underwriting a £100,000 asset refinance: the quality and value of the assets, your business's trading record, and its turnover.
On trading history, Lombard requires at least 1 year of operation. Nationwide Finance is more flexible, accepting businesses with just 3 months' trading. Aldermore Asset Finance considers applicants from 6 months onwards.
Turnover thresholds vary. Lombard asks for a minimum of £25,000. Nationwide Finance sets the bar at £50,000. At the higher end, NatWest Bank requires £300,000 and Close Brothers expects £500,000.
Most lenders on this list do not require homeownership. Metro Bank and Nationwide Finance are exceptions, each asking for a homeowner director. Personal guarantees are widely required, including by Liberty Leasing, Reward Funding, Time Finance, Metro Bank, Close Brothers, Aldermore and NatWest Bank. The assets themselves must be free of existing finance and must hold sufficient resale value to justify a £100,000 advance.
Loan-to-value ratios for a £100,000 asset refinance
The loan-to-value ratio (LTV) determines how much you can borrow against your assets. At a £100,000 refinance level, LTV directly shapes how much asset value you need to put forward.
Aldermore Asset Finance offers up to 100% LTV, meaning £100,000 of qualifying assets could fully support a £100,000 facility. Close Brothers caps LTV at 90%, so your assets would need to be worth roughly £111,000 to secure the same amount. Reward Funding, with an 85% LTV limit, would require assets valued at approximately £117,650.
The type of asset matters too. Hard assets like construction plant, CNC machinery and commercial vehicles typically attract higher LTVs than specialist or fast-depreciating equipment. Lenders also consider the asset's age, condition and resale market when calculating value. If your existing assets do not meet the LTV threshold for a single £100,000 facility, some lenders will consider pooling multiple assets to reach the required security value.
Comparing rates across £100,000 asset refinance lenders
Rates on asset refinance vary significantly, and comparing them requires attention to whether the rate is quoted monthly or annually. The table below shows the spread across five lenders that can accommodate a £100,000 facility.
| Lender | Rate Type | Typical Rate Range |
|---|---|---|
| Reward Funding | Monthly interest | 0.99% to 3% per month |
| Lombard | Monthly interest | 4% to 11.5% per month |
| Close Brothers | Bespoke monthly | 3.5% to 10% per month |
| Time Finance | Annual interest | 5.5% to 13.5% annually |
| Liberty Leasing | Annual interest | 11% to 16% annually |
Bank-backed options sit in the annual range too. Barclays quotes 8.5% to 14.9% annually and NatWest Bank ranges from 4.5% to 10.5% annually. A rate that appears low as a monthly figure may translate to a higher annual cost than a competitor's annual rate. Always confirm the period before comparing offers for your £100,000 refinance.
