Top 10 Lenders to Secure £150,000 Machinery Finance in 2026
.png)
Top 10 lenders for £150,000 machinery finance compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Manufacturers seeking larger machinery finance with flexible structuring | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Industrial businesses needing fast decisions on mid-value equipment | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established manufacturers funding production line machinery | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Manufacturers needing flexible asset finance across mixed equipment types | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Businesses comparing lease options for smaller industrial assets | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Manufacturers wanting a high-street bank option for machinery purchase | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-sized manufacturers seeking broker-led machinery finance | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Armada Asset Finance | Smaller manufacturing firms funding equipment up to £250,000 | £2,000 to £250,000 | interest 5% to 13% annually |
| 9 | Aldermore Asset finance | Manufacturers with at least six months trading history | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Larger manufacturers with strong turnover funding heavy plant | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets businesses spread the cost of machinery over its working life rather than paying the full amount upfront. The equipment itself secures the borrowing, which often makes it easier to access than an unsecured loan. For manufacturers and industrial businesses, this is a practical way to acquire CNC machines, production lines, or heavy plant without draining working capital. A £150,000 facility can fund a single high-spec machine or several pieces of equipment to upgrade a production floor.
Interest rate is only part of the picture when comparing machinery finance providers. Look at the deposit requirement — most asset finance agreements ask for 10 to 20 per cent upfront, varying between lenders. Repayment terms typically run from two to seven years, shaping your monthly cost and total interest. Check whether the lender offers hire purchase, leasing, or both, as each has different tax and ownership implications. Some providers specialise in manufacturing and can structure terms around seasonal cash flow.
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: With a published range from £100,000 to £5 million, Reward Funding suits manufacturers buying production-line machinery or heavy plant. Funding decisions come within 24 hours and the revolving credit structure lets you draw as needed. Monthly interest runs from 0.99% to 3%. Expect to provide full asset details and business accounts.
Best next step: Get a decision within 24 hours
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving credit for repeat purchases
- Rates from 0.99% monthly
- Loans from £100,000 to £5 million
Need to know
- Asset details and accounts required
- Monthly interest can reach 3%
- Security tied to financed machinery
Expert take
A flexible asset-based lender that works well for manufacturers needing repeat machinery purchases. The revolving structure suits businesses upgrading equipment in stages rather than a single large outlay.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Annual rates from 11% make Liberty Leasing a cost-conscious route to machinery finance for manufacturers. The lender funds asset purchases from £10,000 to £2 million, covering everything from packaging lines to metalworking kit. Decisions typically complete within 24 hours. Rates can reach 16% depending on asset type and business profile.
Best next step: Compare your rate in 24 hours
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Rates from 11% annually
- Covers diverse machinery types
- Decisions within 24 hours
Need to know
- Rates can reach 16% annually
- Deposit may be required
- Asset eligibility checks apply
Expert take
A straightforward asset finance provider with competitive headline rates. Manufacturers with clean credit and newer machinery should find the pricing at the lower end of the published range.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Funding within 24 hours keeps Lombard on the shortlist for manufacturers who need to secure machinery before a deal slips away. The lender writes asset finance up to £5 million, covering heavy industrial kit, production equipment, and specialist plant. Monthly rates range from 4% to 11.5%. Asset and financial checks form part of the underwriting.
Best next step: Fund machinery purchases within 24 hours
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Up to £5 million facility
- 24-hour funding decisions
- Covers heavy industrial kit
Need to know
- Monthly rates can hit 11.5%
- Asset valuation required
- Financial accounts reviewed
Expert take
A long-established asset finance name with deep experience in industrial equipment. Manufacturers buying high-value machinery benefit from the substantial upper lending limit and familiar underwriting approach.
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 brings an adaptable structure to machinery purchases, blending asset finance with invoice-backed facilities where that suits a manufacturer's cash flow. Repayments align with revenue cycles, which helps seasonal producers. Annual rates run from 5.5% to 13.5%. Funding decisions typically arrive within 24 hours. The combined approach works best for B2B manufacturers carrying receivables.
Best next step: Align repayments with your revenue cycle
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combines asset and invoice finance
- Revenue-aligned repayment structure
- Decisions within 24 hours
Need to know
- Suits B2B invoice-heavy businesses
- Rates reach 13.5% annually
- Receivables quality assessed
Expert take
A hybrid lender that bridges asset and invoice finance. Manufacturers with strong B2B receivables can structure repayments around customer payment cycles, easing cash flow pressure during machinery acquisition.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral Leasing funds equipment from £1,000 upward, so manufacturers can finance anything from a single CNC machine to a full workshop fit-out. Annual rates sit between 5.5% and 13.5%, with decisions often ready in four hours. The quick turnaround suits time-sensitive supplier negotiations where a fast commitment secures better pricing.
Best next step: Get a decision in four hours
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Four-hour funding decisions
- From single machines to full fit-outs
- Rates from 5.5% annually
Need to know
- Trading history likely required
- Personal guarantee may apply
- Asset eligibility checked
Expert take
A responsive equipment leasing specialist. The four-hour decision window sets it apart for manufacturers facing tight supplier deadlines or auction purchases where speed determines the outcome.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays has long-standing experience financing manufacturing plant, from production lines to heavy industrial machinery. As a high-street bank, it underwrites asset finance with the scrutiny you would expect: trading history, affordability, and asset value all carry weight. Loan sizes stretch from £1,000 to £25 million, with annual rates between 8.5% and 14.9%. Decisions typically take 24 hours once paperwork is complete.
Best next step: Apply through your existing banking relationship
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Loans up to £25 million
- Familiar high-street lender
- Broad asset type acceptance
Need to know
- Strict underwriting criteria apply
- Trading history scrutinised
- Personal guarantee may be needed
Expert take
A mainstream bank option for established manufacturers. The lending capacity and broad asset acceptance make it a natural starting point, with the familiarity of a high-street name adding comfort to large machinery investments.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Acorn Business Finance writes asset facilities from £15,000 to £5 million, covering manufacturing machinery, plant, and industrial equipment. Annual rates range from 8% to 15%, with decisions typically landing within 24 hours. The lender also offers revolving credit and term loans, which can help manufacturers funding multiple asset purchases across a growth phase.
Best next step: Explore asset finance and term loan options
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Asset and revolving credit available
- 24-hour decisions typical
- Covers plant and industrial kit
Need to know
- Rates can reach 15% annually
- Asset valuation required
- Business accounts assessed
Expert take
A multi-product lender that can structure machinery finance as asset-backed or term lending. Manufacturers with broader funding needs beyond a single asset purchase may find the flexibility useful.
Armada Asset Finance
Published loan range£2,000 to £250,000
Rate typeinterest 5% to 13% annually
Overview: With annual rates from 5%, Armada Asset Finance brings competitive pricing to manufacturing machinery purchases. The lender writes asset finance from £2,000 to £250,000. Decisions typically complete within 24 hours. Rates can rise to 13% depending on asset age, type, and the strength of the applicant's trading record.
Best next step: Secure rates from 5% annually
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Rates from 5% annually
- 24-hour decision turnaround
- Covers production-line equipment
Need to know
- Upper limit of £250,000
- Asset age affects pricing
- Trading record scrutinised
Expert take
A focused asset finance provider with notably competitive starting rates. Manufacturers with modern machinery and solid accounts should access pricing near the lower end, making this a strong value option.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore Asset Finance turns around funding in approximately 48 hours, giving manufacturers a reliable timeline for planning machinery acquisitions. The lender covers assets from £1,000 to £10 million, with annual rates between 5% and 15%. The broad range accommodates everything from a single lathe to a full production facility. Strong trading history and clean accounts strengthen an application.
Best next step: Plan around a 48-hour funding timeline
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Loans up to £10 million
- Rates from 5% annually
- Covers full production facilities
Need to know
- 48-hour turnaround, not instant
- Rates reach 15% annually
- Strong accounts recommended
Expert take
A substantial lender with the capacity to fund entire production facilities. The 48-hour timeline suits planned purchases rather than urgent ones, and the wide rate band rewards well-prepared manufacturing applicants.
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 serves established mid-market manufacturers directly, with particular expertise in transport, manufacturing, and construction. The lender writes facilities from £25,000 to £100 million at bespoke rates starting around 3.5% monthly. Decisions come within 24 hours. A turnover threshold around £500,000 applies, positioning it for manufacturers with proven revenue and substantial industrial investment needs.
Best next step: Access bespoke rates for manufacturing investment
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Up to £100 million capacity
- Bespoke pricing for manufacturers
- 24-hour decision turnaround
Need to know
- £500k turnover typically required
- Monthly rates from 3.5%
- Mid-market focus, not startups
Expert take
A blue-chip asset finance name with deep manufacturing sector knowledge. Established manufacturers investing in heavy plant or production-line transformation will find the bespoke pricing and lending capacity hard to match.
Asset Finance Calculator
What manufacturing machinery can you buy with £150,000 finance?
A £150,000 machinery finance facility opens up a wide range of manufacturing equipment. Typical assets funded at this level include CNC machining centres, laser cutting systems, injection moulding machines, packaging lines, and robotic assembly cells. Many manufacturers also use this finance level for printing presses, metal fabrication equipment, and conveyor systems.
The equipment itself serves as security for the finance agreement, so lenders assess the asset's resale value and expected working life. Hard assets with strong secondary markets, such as Haas or DMG Mori CNC machines, tend to attract keener rates. Lenders typically fund both new and used machinery, though loan-to-value ratios may be lower on older equipment. Some lenders on our list, including Aldermore Asset Finance, can fund up to 100% of the asset value in certain cases.
How does asset finance work for a £150,000 machinery purchase?
With asset finance for manufacturing equipment, the lender purchases the machinery on your behalf and you repay the cost plus interest over an agreed term. The most common structures are hire purchase and finance lease.
Under hire purchase, you own the asset at the end of the term after making a final balloon payment. This suits manufacturers who intend to keep machinery for its full working life. A finance lease gives you use of the equipment for a fixed period, with the lender retaining ownership. At the end, you can typically extend the lease, return the equipment, or arrange a sale and retain a share of the proceeds.
Most lenders expect a deposit between 10% and 20% of the machinery cost. On a £150,000 facility, that means committing £15,000 to £30,000 upfront. Repayment terms generally range from two to seven years, depending on the expected lifespan of the equipment and your business profile.
Comparing rates and terms for £150,000 machinery finance
Rates on machinery finance vary significantly between lenders. Some publish monthly interest rates, while others quote annual figures. Here is how a selection of lenders on our list compare:
| Lender | Rate type | Typical rate range |
|---|---|---|
| Reward Funding | Interest (monthly) | 0.99% to 3% per month |
| Time Finance | Interest (annual) | 5.5% to 13.5% annually |
| Aldermore Asset Finance | Interest (annual) | 5% to 15% annually |
| Close Brothers | Bespoke (monthly) | 3.5% to 10% per month |
The rate you receive depends on your trading history, credit profile, and the type of machinery being funded. Established manufacturers with strong accounts and a track record of profitability will typically access the lower end of these ranges. The asset itself also influences pricing. Standard CNC equipment with a known resale market may attract better rates than highly specialised or bespoke machinery.
How to improve approval chances for £150,000 machinery finance
Lenders want confidence that your business can service the repayments and that the machinery will generate sufficient return. Here are practical steps to strengthen your application.
First, prepare clear financial accounts. Most asset finance lenders expect at least one year of filed accounts, though Aldermore Asset Finance considers businesses with six months of trading. Close Brothers typically looks for a minimum turnover of £500,000, while Lombard starts from £25,000. Knowing where your figures sit against these thresholds helps you approach the right lenders.
Second, justify the machinery purchase with a simple business case. Show how the equipment will increase capacity, reduce costs, or enable new contracts. Lenders respond well to evidenced revenue projections tied directly to the asset being financed.
Third, be ready to provide a personal guarantee. Most asset finance agreements for manufacturing equipment require one, particularly for limited companies. This is standard practice across the market and should be factored into your planning from the outset.
