Top 10 Equipment Finance Lenders for £150,000 in the UK (2026)
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Compare £150,000 equipment finance lenders
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established businesses financing high-value equipment over £100,000 | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Businesses needing flexible asset finance from £10,000 to £2 million | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Larger equipment purchases with flexible high-street-backed asset finance | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Mid-to-large equipment investments suited to longer repayment terms | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Smaller to mid-range equipment leases starting from £1,000 | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Businesses seeking asset finance from a familiar high-street bank | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-market equipment and machinery finance from £15,000 upwards | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Armada Asset Finance | SMEs acquiring equipment valued between £2,000 and £250,000 | £2,000 to £250,000 | interest 5% to 13% annually |
| 9 | Aldermore Asset finance | Flexible asset finance across a wide range of equipment types | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Larger, established businesses funding substantial equipment investments | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets businesses acquire equipment by spreading the cost over its working life, with the asset itself acting as security for the lender. This structure suits UK businesses making significant capital investments, as it preserves working capital and often unlocks tax benefits through writing down allowances. For companies seeking £150,000 equipment finance, this approach helps secure essential machinery, vehicles, or technology without a large upfront outlay.
Comparing asset finance lenders involves more than finding the lowest rate. The finance structure — hire purchase, finance lease, or operating lease — affects ownership, accounting treatment, and tax position. Repayment flexibility, including seasonal or stepped payment profiles, can be valuable for businesses with uneven cash flow. Deposit requirements typically range from nothing to twenty per cent, impacting upfront costs. At the £150,000 level, some lenders also offer extended terms that reduce monthly outgoings while matching the asset's useful life.
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 a cost-effective route for financing £150,000 worth of equipment. It structures asset finance facilities from £100,000 upwards, covering machinery, vehicles or production assets. Funding can complete within 24 hours once approved. The trade-off: suitable security is required, and valuation or legal costs may apply.
Best next step: Compare rates on asset finance from £100,000.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low monthly rates from 0.99%
- Facilities from £100,000 to £5m
- Funding possible within 24 hours
Need to know
- Requires suitable asset security
- Valuation or legal costs may apply
- Asset eligibility checks needed
Expert take
A mid-to-large facility asset lender with a flexible revolving structure. For a £150,000 equipment purchase, the low entry rates reward businesses that bring strong asset security to the table.
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 funds equipment purchases within 24 hours, suiting businesses that need machinery or vehicles on site without delay. It lends from £10,000 to £2,000,000, linking repayment directly to the asset being financed. This structure helps preserve working capital while spreading the cost. Asset eligibility checks and potential deposits apply.
Best next step: Get a quote for equipment finance up to £2m.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Same-day funding decisions available
- Preserves working capital for operations
- Lends against a broad range of assets
Need to know
- Deposits may be required
- Asset valuation checks apply
- Tied to specific equipment only
Expert take
A straightforward asset finance provider that moves quickly on clean deals. For £150,000 equipment finance, the 24-hour turnaround and asset-linked structure suit businesses needing fast deployment without tying up cash reserves.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard is one of the UK's longest-standing asset finance providers, lending up to £5,000,000 against equipment, vehicles and machinery. Repayment is tied to the asset, so cash flow stays free for day-to-day running costs. For a £150,000 purchase, this established lender brings underwriting consistency that newer entrants may lack. Rates reflect the asset and applicant profile.
Best next step: Explore Lombard asset finance for your equipment purchase.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Lends up to £5m per facility
- Decades of asset finance experience
- Asset-linked structure preserves cash flow
Need to know
- Underwriting can be thorough
- Rates vary by asset type
- Deposits or guarantees may apply
Expert take
A long-established asset finance arm of a major banking group, suited to stable businesses. For £150,000 equipment finance, Lombard's depth of experience in valuing and funding machinery across sectors is a genuine advantage.
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 equipment funding with annual interest rates from 5.5%, making long-term cost comparison more transparent than monthly-rate lenders. Facilities reach up to £5,000,000 across asset finance and invoice finance lines, so growing businesses can consolidate funding relationships. Asset security is required, and rates depend on credit strength and asset type.
Best next step: See annual-rate equipment finance from Time Finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5.5%
- Facilities up to £5m available
- Can combine asset and invoice finance
Need to know
- Asset security is mandatory
- Rates reflect credit profile
- Invoice debtor quality matters too
Expert take
A multi-product lender blending asset and invoice finance under one roof. For £150,000 equipment finance, the annual-rate pricing and ability to add invoice funding later make it a flexible partner for growing B2B firms.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral Leasing can turn around equipment finance decisions in as little as four hours, making it one of the quickest routes to securing £150,000 for machinery or vehicle purchases. It offers annual rates from 5.5% on equipment leasing from £1,000 upwards. Strong trading history, affordability evidence or a personal guarantee may be required depending on the application.
Best next step: Get a rapid equipment leasing quote from Admiral.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding decisions in 4 hours
- Annual rates from 5.5%
- Lease amounts from £1,000
Need to know
- Strong trading history expected
- Personal guarantee may be needed
- Affordability evidence required
Expert take
A fast-moving equipment leasing specialist geared towards quick turnaround. For £150,000 equipment finance, the four-hour decision window helps businesses that need equipment on site urgently and have their paperwork ready.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays brings mainstream bank funding to equipment finance, with facilities spanning £1,000 to £25,000,000. Annual rates from 8.5% reflect standard bank pricing, and the lender's broad product coverage means asset finance can sit alongside existing business banking. Bank underwriting is typically more thorough, so trading history and affordability checks carry more weight.
Best next step: Check Barclays asset finance rates for your purchase.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities up to £25m available
- Can align with business banking
- Broad asset type acceptance
Need to know
- Bank underwriting can be slower
- Strong trading history expected
- Personal guarantee often required
Expert take
A high-street bank with deep asset finance capabilities and the largest lending ceiling on this list. For £150,000 equipment finance, Barclays suits established businesses that value banking-relationship continuity over speed.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Acorn Business Finance covers a wide spread of funding types, from asset finance and revolving credit to acquisition and premium finance. Lending runs from £15,000 to £5,000,000 with annual rates between 8% and 15%. For a £150,000 equipment purchase, this breadth means the right structure can be matched to the asset. Security and affordability checks apply.
Best next step: Explore multi-product equipment finance through Acorn.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Lends from £15k to £5m
- Multiple finance products available
- Annual-rate pricing for clarity
Need to know
- Security and valuation required
- Trading history will be reviewed
- Affordability evidence needed
Expert take
A multi-product broker-lender covering asset finance alongside revolving and acquisition facilities. For £150,000 equipment finance, Acorn's product range means the deal can be shaped around the asset rather than forced into a single template.
Armada Asset Finance
Published loan range£2,000 to £250,000
Rate typeinterest 5% to 13% annually
Overview: Armada Asset Finance keeps things straightforward, lending from £2,000 to £250,000 against business equipment at annual rates from 5%. A £150,000 machinery or vehicle purchase lands in its core range, where the asset-focused approach means decisions are driven by equipment value and business profile. Deposits, valuations or asset eligibility checks may be required.
Best next step: Get a quote for straightforward equipment finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5% available
- Asset-focused underwriting approach
- Covers machinery and vehicles
Need to know
- Upper limit of £250,000
- Asset valuation may be required
- Deposits may be needed
Expert take
A focused asset finance provider operating within a defined lending band. For £150,000 equipment finance, Armada's concentration on sub-£250k deals means the underwriting process is built around exactly this size of purchase.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore Asset Finance serves SMEs with facilities from £1,000 to £10,000,000, covering everything from single-item purchases to large-scale fleet or plant investment. Annual rates range from 5% to 15%, shaped by asset type and applicant strength. For a £150,000 equipment purchase, Aldermore's SME-centred underwriting can be more pragmatic than high-street banks.
Best next step: Compare Aldermore asset finance for your equipment needs.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- SME-focused underwriting approach
- Facilities from £1k to £10m
- Competitive annual rates from 5%
Need to know
- 48-hour minimum funding timeline
- Asset type affects rate offered
- Trading record will be assessed
Expert take
A specialist lender built around SME asset finance rather than bolted onto a current account. For £150,000 equipment finance, Aldermore's mid-market focus and pragmatic credit appetite can unlock deals that high-street banks decline.
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 targets established mid-market businesses, with bespoke rates from 3.5% monthly on asset finance facilities stretching from £25,000 to £100,000,000. Transport, manufacturing and construction firms with turnover above £500,000 are its natural client base. For a £150,000 equipment investment, the lender's sector knowledge in heavy asset classes is a distinct advantage.
Best next step: Check Close Brothers asset finance for mid-market equipment.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke rates from 3.5% monthly
- Deep sector expertise in heavy assets
- Facilities up to £100m
Need to know
- £500k minimum turnover expected
- Bespoke pricing means rate negotiation
- Longer underwriting process likely
Expert take
A mid-market specialist with serious depth in transport, manufacturing and construction asset finance. For £150,000 equipment finance, Close Brothers brings sector-specific underwriting that generalist lenders cannot match, alongside the scale to support future growth.
Asset Finance Calculator
What equipment can you finance at £150,000?
At the £150,000 level, asset finance is typically used to fund single high-value assets or a package of multiple items. Lenders regularly fund plant and machinery, including CNC machines, injection moulding equipment, and production line assets. Vehicles such as HGVs, specialist vans and plant hire fleets also fall comfortably within this bracket. Construction firms frequently use £150k facilities for excavators, telehandlers and piling rigs, while agricultural businesses finance tractors, combines and irrigation systems. Manufacturing and engineering companies often fund printing presses, packaging machinery and robotic assembly units. The key factor is the asset's resale value and useful economic life. Lenders assess whether the equipment will hold sufficient value over the finance term to serve as viable security. At this facility size, whether the equipment is new or used also affects depreciation assumptions and the maximum loan-to-value offered.
Typical lender requirements for £150k asset finance
Lenders assessing a £150,000 equipment finance application look at trading history, turnover and asset quality. Lombard requires a minimum of one year's trading and £25,000 in turnover. Aldermore Asset Finance will consider businesses with six months of trading and no minimum turnover, while Close Brothers asks for £500,000 in turnover and one year of trading. Personal guarantees are common at this facility size. Reward Funding, Liberty Leasing, Aldermore and Close Brothers all require a director's personal guarantee. Loan-to-value ratios also vary. Aldermore offers up to 100% LTV, while Reward Funding caps at 85% and Close Brothers at 90%. Rate structures differ significantly: Reward Funding publishes rates from 0.99% to 3% per month, while Aldermore and Liberty Leasing quote annual rates from 5% to 15% and 11% to 16% respectively. The asset acts as primary security, so lender scrutiny focuses on equipment type, age and expected depreciation.
Lease or hire purchase: which suits £150k equipment purchases?
For a £150,000 equipment purchase, the choice between a finance lease and hire purchase affects cash flow, tax treatment and eventual ownership. With hire purchase, you pay a deposit plus instalments and own the asset at the end of the term. This suits businesses that want the equipment on their balance sheet and plan to use it for its full working life. A finance lease keeps the asset off your balance sheet, with the lender retaining ownership throughout. You make regular payments and may share in any sale proceeds at the end. This works well for equipment that depreciates quickly or will be upgraded within a few years. VAT treatment also differs. HP customers pay the full VAT upfront, while lease customers spread VAT across the rental payments. For a £150,000 asset, the upfront VAT on HP would be £30,000, which creates a significant cash flow difference. Most lenders on this page can structure either option.
How to improve your approval odds for £150,000 asset finance
Securing approval at £150,000 often comes down to the strength of the asset and the quality of your application. Lenders want to see that the equipment has a clear resale market and will not become obsolete before the term ends. Providing a supplier quote, asset specification and expected lifespan strengthens your case. A larger deposit, typically 10% to 20% of the purchase price, reduces the lender's exposure and can improve the rate offered. Trading history matters, but providers like Aldermore Asset Finance will consider businesses from six months, making this route viable for younger companies with strong asset backing. Your business bank statements and management accounts should show consistent cash flow to cover the monthly payments. If your turnover falls below the thresholds set by lenders such as Close Brothers, approaching providers like Lombard or Aldermore with lower turnover requirements can improve your approval prospects.
