Top 10 £150,000 Asset Finance Providers in the UK for 2026
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Top 10 UK asset finance lenders for £150,000
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Mid-market businesses funding plant, vehicles or machinery above £100,000 | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Established SMEs seeking £150,000 with flexible asset type options | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Businesses wanting a major bank-backed lender for equipment finance | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Growing businesses funding mixed asset purchases at fixed annual rates | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Equipment leasing for businesses needing rapid decisions on £150,000 | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Larger SMEs wanting bank-direct asset finance with relationship benefits | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-sized firms comparing specialist brokers for machinery or vehicles | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Armada Asset Finance | Businesses seeking £150,000 within a lender capped at £250,000 | £2,000 to £250,000 | interest 5% to 13% annually |
| 9 | Aldermore Asset finance | Wide-ranging asset finance from £1,000 to £10 million for varied needs | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | More established operators with £500,000 turnover funding larger assets | £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 over time while using the asset itself as security. For an established UK SME, it keeps working capital free and aligns repayments with the income the asset helps generate. A £150,000 facility typically covers substantial purchases such as construction plant, commercial vehicles, or production machinery for a growing mid-market business.
Comparing lenders goes beyond headline rates. Look at whether the rate is fixed or variable and quoted monthly or annually, as this changes the total cost materially at £150,000. Check which asset types each lender funds; some specialise in plant and machinery while others prefer vehicles. Term length flexibility also matters, because spreading £150,000 over five years versus three years alters monthly outgoings significantly. Funding speed and whether the lender requires additional security beyond the asset can narrow your shortlist.
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.
Reward Funding
Published loan range£100,000 to £5,000,000
Rate typeinterest 0.99% to 3% monthly
Overview: Monthly rates starting at 0.99% make Reward Funding one of the more cost-efficient asset finance providers for equipment, vehicle and machinery purchases. Funding can be in place within 24 hours. The lender operates a revolving credit facility, so drawdowns can flex with your needs. Be prepared for asset valuation requirements as part of the security process.
Best next step: Compare monthly-rate asset finance options here.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly rates from 0.99%
- Revolving credit flexibility
- Funding in 24 hours
Need to know
- Asset valuation may be required
- Larger facilities need suitable security
- Legal and valuation costs may apply
Expert take
A flexible, cost-conscious asset funder that works well for SMEs funding productive equipment. For a £150,000 facility, the revolving credit design means you are not locked into a single drawdown, and the 24-hour timeline keeps procurement on track.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Liberty Leasing can turn around an asset finance application within 24 hours, which matters when equipment needs to be secured quickly. Annual rates from 11% to 16% apply across a loan range of £10,000 to £2,000,000. The lender ties funding directly to the asset, preserving working capital for other business needs. Expect asset eligibility checks and possible deposit requirements.
Best next step: Check Liberty Leasing rates for your asset purchase.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- 24-hour funding turnaround
- Preserves working capital
- Covers equipment and vehicles
Need to know
- Deposit may be required
- Asset eligibility checks apply
- Rates from 11% annually
Expert take
A straightforward asset finance provider that prioritises speed. For a £150,000 equipment or vehicle purchase, the quick-decision model is useful when the asset is time-sensitive, making Liberty Leasing a strong contender where turnaround matters more than securing the lowest rate.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: With facilities reaching £5,000,000, Lombard brings serious lending capacity to mid-market asset purchases. Monthly rates range from 4% to 11.5%, and funding can be arranged within 24 hours. The lender is a well-established name in asset finance, funding everything from plant machinery to commercial vehicles. Asset security and valuation checks are standard parts of the process.
Best next step: Explore Lombard's asset finance terms here.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £5,000,000
- 24-hour funding possible
- Covers diverse asset types
Need to know
- Monthly rate structure applies
- Asset valuation required
- Security tied to the asset
Expert take
A long-standing asset finance name with the balance-sheet strength to handle larger facilities comfortably. A £150,000 plant or machinery purchase is squarely within their appetite, and the 24-hour turnaround keeps momentum on straightforward deals.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Time Finance structures asset finance with annualised rates from 5.5% to 13.5%, giving borrowers clearer cost visibility across the term. The revolving credit model means you can draw against approved assets as needs change, rather than committing to a single upfront facility. Funding is tied to specific assets, so valuation and eligibility checks are part of the process.
Best next step: View Time Finance asset funding options.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annualised rate structure
- Revolving drawdown available
- Facilities up to £5,000,000
Need to know
- Asset valuation required
- Limits may be reviewed
- Costs can increase with usage
Expert take
A versatile lender blending invoice and asset finance capability. For a £150,000 asset purchase, the revolving structure is a genuine advantage if you plan further capital investment, and the annualised rate format makes cost comparison straightforward.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing starts from just £1,000, which signals an open-door approach to asset finance that extends up to much larger facilities. Annual rates from 5.5% to 13.5% apply, and funding can be arranged in as little as four hours. The lender covers equipment, vehicles and machinery across a range of sectors. Expect affordability checks and possible personal guarantee requests on larger deals.
Best next step: See Admiral leasing rates and terms.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding from £1,000
- 4-hour turnaround possible
- Covers equipment and vehicles
Need to know
- Personal guarantee may apply
- Affordability evidence required
- Asset eligibility checks apply
Expert take
A broad-spectrum asset financier whose £1,000 starting point signals wide accessibility. For a £150,000 equipment or vehicle deal, the four-hour funding speed is a standout feature, and the rate band from 5.5% keeps costs competitive for well-qualified applicants.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: As a high-street bank, Barclays suits established businesses that can meet more thorough underwriting standards and have a solid trading track record. Annual rates from 8.5% to 14.9% sit within a lending range that stretches from £1,000 to £25,000,000. The bank funds equipment, vehicles and machinery across most sectors. Expect a longer application process than alternative finance providers.
Best next step: Compare Barclays asset finance terms.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Lends up to £25,000,000
- Broad sector coverage
- Established brand confidence
Need to know
- Slower bank underwriting
- Strong trading record needed
- Personal guarantee possible
Expert take
A mainstream bank lender with enormous lending headroom. For a £150,000 asset purchase, Barclays suits businesses with clean accounts and patience for bank processes, where the relationship value may outweigh the longer timeline.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Annual rates between 8% and 15% place Acorn Business Finance in a competitive bracket for asset finance covering equipment, vehicles and machinery. The lender can fund from £15,000 to £5,000,000, with a 24-hour turnaround on decisions. A strong trading history and affordability evidence will be expected, and a personal guarantee may be requested on larger facilities.
Best next step: Check Acorn Business Finance rates.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Rates from 8% annually
- 24-hour decision turnaround
- Funds up to £5,000,000
Need to know
- Strong trading history needed
- Personal guarantee possible
- Affordability checks apply
Expert take
A mid-market asset finance provider with product breadth spanning term lending and specialist lines. For a £150,000 equipment or machinery purchase, the rate range and decision speed make them a sensible comparison option against both banks and specialist funders.
Armada Asset Finance
Published loan range£2,000 to £250,000
Rate typeinterest 5% to 13% annually
Overview: Armada Asset Finance turns around decisions within 24 hours, with annual rates from 5% to 13% on facilities ranging from £2,000 to £250,000. The lender funds equipment, vehicles and machinery purchases, tying repayment directly to the asset. This structure helps preserve cash flow for other business needs. Asset eligibility and valuation checks are part of the standard process.
Best next step: View Armada Asset Finance options.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- 24-hour decision speed
- Rates from 5% annually
- Preserves working capital
Need to know
- Asset valuation checks apply
- Upper limit of £250,000
- Asset eligibility required
Expert take
A focused asset finance provider operating within a defined band. For a £150,000 purchase, the rate structure starting at 5% offers genuine cost appeal, and the 24-hour decision speed keeps the process moving without unnecessary delay.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore Asset Finance spans £1,000 to £10,000,000 in lending capacity, with annual rates from 5% to 15% and funding typically available within 48 hours. The lender serves SMEs across a broad spectrum of asset types. As a general business funder, underwriting will look at trading history, affordability and the asset's residual value before approving a facility.
Best next step: Explore Aldermore asset finance today.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Lends up to £10,000,000
- Rates from 5% annually
- Broad SME coverage
Need to know
- 48-hour funding timeline
- Trading history assessed
- Asset residual value checked
Expert take
A generalist SME funder with considerable lending headroom. For a £150,000 asset purchase, Aldermore's broad appetite and competitive rate floor make it a sensible benchmark, and the £10,000,000 upper limit means the relationship can grow with your business.
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: For transport, manufacturing and construction firms, Close Brothers brings sector-tuned asset finance with bespoke monthly rates from 3.5% to 10%. The lender typically serves mid-market businesses turning over £500,000 or more, with funding possible within 24 hours. Thorough underwriting and asset valuation are standard. The sector focus means your asset type is likely familiar territory.
Best next step: Compare Close Brothers asset finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke monthly rate structure
- 24-hour funding possible
- Sector-specific expertise
Need to know
- £500,000 minimum turnover
- Thorough underwriting process
- Asset valuation required
Expert take
A mid-market specialist with deep sector knowledge in transport, manufacturing and construction. For a £150,000 asset purchase, the bespoke pricing can work in your favour if turnover comfortably exceeds their threshold and the asset profile is strong.
Asset Finance Calculator
What assets you can fund with £150,000 asset finance
At £150,000, asset finance unlocks a wide range of business purchases. Lenders regularly fund plant machinery, CNC and fabrication equipment, commercial vehicles including HGVs and specialist vans, construction plant such as excavators and telehandlers, agricultural machinery, printing presses, and manufacturing production lines. The common thread is that the asset must hold resale value, giving the lender security.
Whether you choose hire purchase or a finance lease, the asset itself backs the facility. This means you typically do not need to offer property as additional security. Several lenders on this page, including Reward Funding and Lombard, do not require homeownership.
At this funding level, you sit well above most minimum thresholds. Reward Funding starts at £100,000, while Liberty Leasing accepts applications from £10,000 and Close Brothers from £25,000. This can give you access to better pricing than smaller facilities attract.
What lenders assess for £150,000 asset finance approval
At £150,000, lenders examine both your business performance and the asset you want to buy. Most expect at least one year of trading history. Lombard and Close Brothers both require a minimum of 12 months, while Aldermore Asset Finance considers businesses from 6 months trading.
Turnover expectations differ widely. Close Brothers looks for at least £500,000 in annual revenue, whereas Lombard requires £25,000. Your ability to service monthly repayments from trading income remains the central underwriting test.
Personal guarantees are standard across most lenders at this level. Reward Funding, Liberty Leasing, Time Finance, Armada Asset Finance, and Close Brothers all require a director's guarantee.
The asset itself must hold clear resale value. New or nearly new equipment attracts better terms. Lenders also cap the loan-to-value ratio. Reward Funding offers up to 85% LTV, Close Brothers up to 90%, and Aldermore Asset Finance up to 100%.
Comparing rates and terms for £150,000 asset finance
Repayment rates for £150,000 asset finance vary significantly between lenders. Some quote monthly rates and some annual rates, so comparing like for like is essential. Monthly rates appear smaller but compound differently over the full term.
| Lender | Rate range | Term range |
|---|---|---|
| Reward Funding | 0.99% to 3% per month | 3 months to 1 year |
| Liberty Leasing | 11% to 16% per year | 1 to 5 years |
| Barclays | 8.5% to 14.9% per year | 1 to 25 years |
| Close Brothers | 3.5% to 10% per month | 1 to 7 years |
Longer terms reduce monthly payments but increase total interest. Shorter terms from lenders like Reward Funding suit businesses that want to clear the facility quickly. Lenders such as Barclays and Close Brothers offer terms extending to several years, which can ease cash flow on larger purchases.
How to strengthen your £150,000 asset finance application
A well-prepared application can improve your rate and speed up approval. Start with clear financial records. Most lenders want at least one year of filed accounts, bank statements, and up-to-date management accounts.
The asset itself is central to the decision. Provide a detailed quote or invoice from a reputable supplier. Lenders prefer assets from established dealers with clear market value. If you are buying at auction or privately, expect closer scrutiny of the asset condition and provenance.
Deposit size matters. Most lenders expect a contribution of 10% to 15% of the asset value. Offering a larger deposit reduces the lender's risk and can improve your rate offer.
If your business has a shorter track record, consider lenders with lower barriers. Aldermore Asset Finance accepts applications from businesses trading just 6 months. A stronger asset and a larger deposit can help offset limited trading history. Be upfront about any credit issues, as lenders value transparency and a solid business plan.
