Top 10 Lenders to Secure £150,000 Asset Refinance in 2026
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Best Asset Refinance Lenders for £150,000 — At a Glance
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Businesses refinancing high-value machinery for working capital release | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Mid-sized firms releasing equity from mixed vehicle and equipment fleets | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established operators seeking refinance with flexible repayment structures | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Growing businesses unlocking asset equity for expansion funding | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Metro Bank | Firms preferring bank-backed refinance with transparent annual pricing | £2,000 to £25,000,000 | interest 9.6% to 9.6% annually |
| 6 | NatWest Bank | Higher-turnover businesses seeking competitive bank refinance rates | £500 to £10,000,000 | interest 4.5% to 10.5% annually |
| 7 | HSBC Bank | Businesses borrowing up to £150,000 through a familiar high-street lender | £1,000 to £300,000 | interest 8.6% to 11.3% annually |
| 8 | Barclays | Companies wanting bank asset refinance across broad asset categories | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 9 | Aldermore Asset finance | Operators comparing specialist refinance lenders beyond the high street | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Larger firms needing bespoke refinance with turnover above £500,000 | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset refinance lets a business unlock capital by using equipment, vehicles, or machinery it already owns as security for new lending. Rather than selling assets outright, the business borrows against their value, keeping them operational while freeing up cash. This approach suits established UK companies that hold significant asset equity and want to raise working capital without disrupting day-to-day operations. A £150,000 facility can fund expansion, bridge cash flow gaps, or replace ageing kit.
Choosing the right asset refinance lender means looking past the quoted rate. Advance rates — the percentage of an asset's value a lender will release — vary widely and directly affect how much you can raise. Some lenders specialise in specific asset types, such as heavy plant or commercial vehicles, and may price more keenly there. Repayment structures differ: monthly, quarterly, or seasonal terms suit different cash flow patterns. The maximum advance against your particular asset class is often the deciding factor.
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: Reward Funding turns owned machinery, vehicles or plant into a revolving credit facility that releases working capital without selling the asset. You draw only what you need and pay interest on the outstanding balance, which suits seasonal or uneven cash flow. The structure works well for established businesses with high-value equipment, though monthly rates climb if utilisation stays high.
Best next step: Request a quote through Funding Agent
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving drawdown against owned assets
- Interest charged only on drawn funds
- Flexible for seasonal working capital
Need to know
- Monthly interest rate structure applies
- Asset valuation typically required
- Legal costs may be involved
Expert take
A specialist asset-based lender using revolving credit rather than fixed-term loans. For £150,000 asset refinance, the flexible drawdown suits businesses wanting working capital on tap, not a lump sum. Best where asset values are strong.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: When working capital cannot wait, Liberty Leasing funds asset refinance inside 24 hours. The lender accepts a broad spread of equipment, vehicles and machinery as security. Annual interest rates between 11% and 16% mean the speed comes at a moderately higher cost than slower alternatives. Established businesses with owned assets in good condition are the natural fit.
Best next step: Compare rates via Funding Agent
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding possible within 24 hours
- Wide range of assets accepted
- Preserves cash flow without selling
Need to know
- Annual rates from 11% to 16%
- Asset eligibility checks required
- Deposits may be needed
Expert take
A quick-turnaround asset finance provider prioritising speed over the lowest rate. For £150,000 refinance, the 24-hour window helps established businesses needing working capital fast and able to justify the moderate rate premium.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: For businesses refinancing entire fleets or multiple equipment lines, Lombard's facility ceiling of £5 million provides headroom that smaller lenders cannot match. Monthly interest rates apply, and the lender's asset expertise tends to accelerate valuations once paperwork is submitted. The scale suits established companies where asset refinance is part of a wider funding picture.
Best next step: Explore Lombard through Funding Agent
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £5 million
- Deep asset expertise across sectors
- Can refinance fleets and equipment lines
Need to know
- Monthly interest charges apply
- Asset valuation is required
- Deposits may be necessary
Expert take
A long-established asset finance name with the balance-sheet capacity to handle large and complex refinance deals. For £150,000 asset refinance, Lombard suits businesses wanting a lender with deep asset knowledge and the ability to scale the facility later.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Businesses holding both owned equipment and unpaid B2B invoices may unlock more working capital through Time Finance, which combines asset refinance with invoice finance under one facility. Annual rates keep costs predictable, though eligibility hinges on invoice quality and debtor spread as well as asset condition.
Best next step: Check combined options via Funding Agent
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Asset and invoice finance combined
- Annual interest keeps costs predictable
- Can release more total working capital
Need to know
- Invoice quality affects eligibility
- Debtor concentration is reviewed
- Limits can be adjusted over time
Expert take
A dual-product lender blending asset finance with invoice finance. For £150,000 asset refinance, the combined approach may release more capital than a standalone asset deal, particularly for B2B firms with strong receivables on top of owned equipment.
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: At around 9.6% annually, Metro Bank's published asset finance rate competes well against alternative lenders, though the trade-off is thorough bank underwriting that takes longer. The high-street brand suits established businesses that can demonstrate strong trading history and affordability, and that value lower borrowing costs over speed.
Best next step: Apply through Funding Agent
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Competitive annual rates around 9.6%
- High-street bank credibility
- Broad product range beyond refinance
Need to know
- Thorough underwriting takes longer
- Strong trading history required
- Personal guarantee may be needed
Expert take
A high-street bank with competitive published rates for asset finance. For £150,000 asset refinance, Metro Bank works best for well-established businesses that can meet stricter bank criteria and are willing to trade speed for lower borrowing costs.
Source:https://www.metrobankonline.co.uk/business/borrowing/
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NatWest Bank
Published loan range£500 to £10,000,000
Rate typeinterest 4.5% to 10.5% annually
Overview: With annual rates starting at 4.5%, NatWest is among the most competitively priced asset refinance options for established businesses. The bank structures deals against equipment, vehicles or machinery with flexible drawdown terms that suit businesses needing to adjust working capital over time. Bank underwriting means a longer process and stricter eligibility than specialist lenders.
Best next step: Compare NatWest rates via Funding Agent
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 4.5% to 10.5%
- Flexible drawdown structure available
- Established high-street lender
Need to know
- Stricter bank eligibility criteria
- Affordability evidence is expected
- Personal guarantee may be required
Expert take
A mainstream bank with asset refinance at published rates starting competitively low. For a £150,000 facility, NatWest suits profitable, well-documented businesses valuing rate certainty and able to accommodate a more measured underwriting timeline.
Source:https://www.natwest.com/business/loans-and-finance.html
HSBC Bank
Published loan range£1,000 to £300,000
Rate typeinterest 8.6% to 11.3% annually
Overview: HSBC lends asset finance from £1,000 up to £300,000, with annual rates between 8.6% and 11.3% keeping borrowing costs competitive for a high-street bank. The 48-hour indicative turnaround and full bank underwriting reward businesses with clean accounts and a solid trading record. Expect a more measured process than specialist lenders offer.
Best next step: Check HSBC eligibility via Funding Agent
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Competitive annual rates for a bank
- Wide asset type acceptance
- Strong brand and relationship banking
Need to know
- 48-hour indicative turnaround time
- Full bank underwriting applies
- Clean trading record expected
Expert take
A global bank with focused asset finance appetite in the sub-£300k bracket. For £150,000 refinance, HSBC suits established businesses already banking with them or valuing relationship banking alongside competitive published rates.
Source:https://www.business.hsbc.uk/en-gb/finance-and-borrowing
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays can fund asset refinance from £1,000 to £25 million, backed by one of the UK's largest corporate banking teams. Annual rates range from 8.5% to 14.9%, and the bank's broad product set means a refinance deal can sit alongside term loans, revolving credit or property finance. Bank underwriting is thorough, and a personal guarantee is typical.
Best next step: Explore Barclays through Funding Agent
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities from £1k to £25m
- Broad corporate banking relationship
- Multiple products under one roof
Need to know
- Thorough bank underwriting required
- Personal guarantee is typical
- Strong trading history expected
Expert take
A major UK clearing bank with scale to handle refinance at almost any level. For £150,000, Barclays works best for established businesses wanting a full banking relationship and able to meet documentation and affordability standards.
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, Aldermore's asset finance reach spans small equipment to major plant, with annual rates between 5% and 15% narrowing for strong asset quality and trading history. The specialist bank accepts a broad spread of equipment, vehicles and machinery for refinance. Underwriting is more flexible than high-street banks but remains methodical.
Best next step: Request Aldermore terms via Funding Agent
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Wide facility range up to £10m
- Broad asset type acceptance
- More flexible than high-street banks
Need to know
- Rates vary with asset quality
- Methodical underwriting process
- Asset valuation is required
Expert take
A specialist bank bridging high-street lenders and alternative providers. For £150,000 asset refinance, Aldermore offers more underwriting flexibility than clearing banks while maintaining disciplined credit standards and competitive annual rates.
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: Mid-market businesses turning over £500,000 or more are Close Brothers' natural asset refinance borrowers, with bespoke monthly rates from 3.5% and facilities reaching £100 million. The lender's expertise runs deep in transport, manufacturing and construction. Eligibility narrows below the turnover threshold, but fit is strong for larger SMEs with heavy equipment or fleet assets.
Best next step: Check Close Brothers fit via Funding Agent
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke rates from 3.5% monthly
- Deep sector expertise in asset-heavy trades
- Facilities up to £100 million
Need to know
- £500k minimum turnover typically required
- Mid-market focus narrows eligibility
- Monthly interest structure applies
Expert take
A long-established merchant banking group with genuine mid-market asset finance depth. For £150,000 refinance, Close Brothers suits larger SMEs in transport, manufacturing or construction where asset values are high and the turnover threshold is met comfortably.
Asset Finance Calculator
How asset refinance unlocks £150,000 from your existing business assets
Asset refinance lets you borrow against equipment, vehicles, or machinery your business already owns outright. The lender secures the facility against the asset's current market value, advancing a lump sum while you continue using the asset in day-to-day operations.
For a £150,000 facility, the lender assesses what your assets are worth today, not what you paid for them. Lenders typically advance up to 85% of an asset's valuation, though some go higher. Close Brothers offers up to 90% loan-to-value on asset refinance facilities, and Aldermore Asset Finance can stretch to 100% in some cases.
The process is quicker than a standard commercial mortgage because the asset itself provides tangible security. Once the valuation is complete, funds can often be released within days, making asset refinance a practical route for established businesses needing working capital without disrupting operations.
What assets qualify for a £150,000 asset refinance
Most hard business assets with a clear resale value can be refinanced. Lenders typically look for assets that hold their value well and have an active secondary market.
Common asset types used to raise £150,000 through refinance include:
- Heavy plant and machinery – CNC machines, manufacturing lines, printing presses
- Commercial vehicles – HGVs, delivery fleets, specialist vans
- Construction equipment – excavators, bulldozers, telehandlers
- Agricultural machinery – tractors, combines, balers
- Engineering and fabrication kit – lathes, welding rigs, presses
Lenders prefer assets under seven years old with a verifiable service history. Older assets with limited resale value may attract lower advances or higher rates. If you need to raise £150,000 across multiple assets, some lenders will structure a single facility against a combined asset schedule rather than refinancing each item separately.
Refinancing assets vs selling them – what makes sense at £150,000
Selling equipment to release capital might feel simpler, but it comes with immediate operational costs. An asset refinance keeps your machinery on the floor and your fleet on the road while still releasing working capital.
Three practical reasons refinancing often beats selling for established UK businesses:
- Operational continuity. Selling a CNC machine or delivery fleet means you lose production capacity. Refinancing lets you keep using the asset while accessing its value.
- Tax efficiency. Selling assets can trigger balancing charges or capital gains. Refinance arrangements are typically treated as borrowing, not disposal, so the tax position can be cleaner.
- Replacement cost. The cost of replacing sold equipment later often outstrips the interest on a refinance facility. A £150,000 asset refinance at rates starting from 5% annually, as published by some lenders on this list, can be more cost-effective than repurchasing equipment in future.
What lenders check for a £150,000 asset refinance application
Lenders assess three things: the asset, the business, and the directors. For a £150,000 facility, expect a formal valuation of your assets rather than a desktop estimate.
Minimum turnover thresholds vary across lenders. Lombard requires at least £25,000 in annual revenue, while NatWest sets the bar at £300,000. Close Brothers typically looks for £500,000 and above. Aldermore Asset Finance has no minimum turnover requirement, which can help smaller but asset-rich businesses.
Trading history also matters. Several lenders on this list, including Lombard and Close Brothers, expect at least one year of filed accounts. Aldermore may consider businesses trading for six months or more.
A personal guarantee is standard across most lenders reviewed here. Reward Funding, Liberty Leasing, Close Brothers, and the major high-street banks all require directors to personally back the facility alongside the asset security.
