Top 10 Equipment Finance Lenders to Secure £200,000 in 2026
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Top 10 £200,000 Equipment Finance Lenders Compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Businesses needing larger equipment finance with competitive monthly rates | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Mid-sized equipment purchases with straightforward annual-rate pricing | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established firms seeking flexible asset finance up to £5 million | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Businesses wanting transparent annual rates on higher-value equipment | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Companies seeking fast equipment leasing decisions across various asset types | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Firms wanting asset finance from a high-street banking provider | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Established businesses funding mid-to-large equipment purchases | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Armada Asset Finance | Firms financing equipment comfortably within a £250,000 upper limit | £2,000 to £250,000 | interest 5% to 13% annually |
| 9 | Aldermore Asset finance | Versatile asset finance covering equipment from small to large-scale purchases | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | More established operators funding significant equipment investments | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets businesses spread the cost of essential equipment over time instead of paying the full purchase price upfront. The lender buys the asset on your behalf and you repay in fixed instalments, with the equipment itself serving as security. For established businesses funding a £200,000 equipment purchase, this approach preserves working capital while acquiring the machinery, vehicles or technology needed to grow.
Comparing asset finance lenders goes beyond the headline interest rate. Repayment structures vary, with hire purchase leading to ownership while leasing keeps the asset off your balance sheet. Some lenders specialise in specific equipment types, which can affect both approval speed and pricing. Deposit requirements and balloon payment options also differ significantly between providers. Look carefully at whether rates are quoted monthly or annually, as this directly impacts the total cost of borrowing.
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 lends from £100,000 to £5,000,000 through asset-backed facilities that can flex with your business. Funding lands within 24 hours once approved, and the revolving structure lets you draw against multiple assets over time. Expect to put up suitable security and cover valuation or legal costs.
Best next step: Check asset eligibility before applying.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Flexible drawdown against multiple assets
- Funding available within 24 hours
- Revolving facility adapts to your needs
Need to know
- Requires suitable assets as security
- Valuation and legal costs may apply
- Limits can be reviewed or withdrawn
Expert take
A flexible asset-based lender serving businesses that need facilities from £100,000 upward. For £200,000 equipment finance, the revolving structure supports repeat asset purchases without reapplying.
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 prices asset finance from 11% to 16% annually, making repayments predictable for equipment purchases. Funding is available within 24 hours, and the lender covers assets from £10,000 to £2,000,000. The finance is tied to specific equipment, so a deposit or valuation may be needed.
Best next step: Confirm your equipment qualifies before applying.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fixed annual interest rate structure
- Fast 24-hour funding turnaround
- Preserves working capital for operations
Need to know
- Tied to specific equipment assets
- Deposit or valuation may be needed
- Asset eligibility checks apply
Expert take
A straightforward asset finance provider with a transparent annual rate model. At £200,000, the predictable repayment schedule helps with budgeting, particularly for established businesses upgrading core machinery or vehicles.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Part of a major banking group, Lombard funds asset purchases up to £5,000,000 with monthly interest from 4% to 11.5%. Decisions come within 24 hours, suiting established businesses that prefer an institutional partner. The finance stays tied to the asset, so deposits or valuations may be required.
Best next step: Speak to a broker about Lombard's terms.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Backed by a major banking group
- Funding decisions within 24 hours
- Facilities available up to £5 million
Need to know
- Asset must meet eligibility criteria
- Deposits and valuations may apply
- Monthly interest rate structure
Expert take
An institutional lender combining high-street backing with specialist asset finance. For a £200,000 equipment purchase, the lender routinely handles mid-value transactions, so your deal follows a well-practised process.
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 turns around asset finance within 24 hours, with annual rates from 5.5% to 13.5% on facilities up to £5,000,000. The lender also provides invoice finance, which helps businesses match equipment repayments to incoming customer payments. Asset eligibility and valuation checks apply.
Best next step: Explore combined asset and invoice finance options.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual interest from 5.5%
- Funding available within 24 hours
- Combined finance options available
Need to know
- Asset must pass eligibility checks
- Valuation may be required
- Invoice finance has separate criteria
Expert take
A multi-product lender that bridges asset and invoice finance under one roof. For £200,000 equipment finance, pairing the facility with invoice discounting can align repayments with your cash conversion cycle.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: A four-hour decision sets Admiral Leasing apart for equipment finance, with annual rates from 5.5% to 13.5% and facilities starting at £1,000. The lender covers a broad spectrum of equipment types. Asset eligibility checks and possible security requirements apply.
Best next step: Fast-track your equipment purchase with a four-hour decision.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Four-hour funding decisions
- Annual rates from 5.5%
- Wide equipment type coverage
Need to know
- Asset eligibility checks apply
- Security may be required
- No published upper lending limit
Expert take
A speed-focused leasing provider suited to time-sensitive equipment purchases. For £200,000 equipment finance, the four-hour turnaround helps businesses that need to secure assets quickly to avoid operational delays.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays offers asset finance from £1,000 to £25,000,000 with annual rates between 8.5% and 14.9%. As a high-street bank, it suits established businesses that already hold a Barclays account and want to keep borrowing under one roof. Underwriting can be more thorough than alternative lenders, and security or guarantees may be needed.
Best next step: Ideal if you already bank with Barclays.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- High-street bank backing
- Facilities up to £25 million
- Broad asset type acceptance
Need to know
- Bank underwriting can be slower
- Strong trading history needed
- Personal guarantee may apply
Expert take
A mainstream banking option for businesses that value institutional stability. A £200,000 equipment facility through Barclays suits established firms with clean credit and at least two years of filed accounts.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Businesses needing more than straightforward asset finance can turn to Acorn, which also provides term loans and acquisition funding. Asset facilities range from £15,000 to £5,000,000 at annual rates of 8% to 15%, with decisions within 24 hours. Asset and credit checks apply.
Best next step: Compare asset finance and term loan options.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Multiple finance products available
- Funding within 24 hours
- Facilities up to £5 million
Need to know
- Asset and credit checks required
- Security arrangements may apply
- Personal guarantee possible
Expert take
A broad-spectrum lender that can flex between asset finance and term lending. For £200,000 equipment finance, having access to multiple products means the structure can adapt if your needs change mid-application.
Armada Asset Finance
Published loan range£2,000 to £250,000
Rate typeinterest 5% to 13% annually
Overview: With a maximum facility of £250,000 and annual rates from 5%, Armada Asset Finance keeps equipment funding simple. The lender funds within 24 hours and uses the asset itself as security, preserving your working capital. Expect standard asset eligibility checks and possible deposit requirements.
Best next step: Confirm your equipment value meets the lender's criteria.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5%
- Simple asset-backed structure
- Funding within 24 hours
Need to know
- Maximum facility is £250,000
- Asset eligibility checks apply
- Deposit may be required
Expert take
A focused asset finance provider that keeps its model simple. For £200,000 equipment finance, the lender's upper limit of £250,000 means straightforward transactions move quickly through underwriting.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: From single machines to fleet-scale equipment, Aldermore funds asset purchases between £1,000 and £10,000,000 at annual rates of 5% to 15%. Turnaround takes around 48 hours, which is slightly slower than some specialist lenders. Standard asset and credit underwriting applies.
Best next step: Plan for a 48-hour turnaround on your application.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Broad £1,000 to £10 million range
- Annual rates from 5%
- Handles single and fleet assets
Need to know
- 48-hour funding turnaround
- Standard credit checks apply
- Asset must meet criteria
Expert take
A versatile asset finance lender with the scale to handle both modest and substantial equipment deals. For £200,000 equipment finance, Aldermore's experience across the mid-market means underwriters are familiar with transactions of this size.
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 firms turning over more than £500,000, with bespoke monthly rates from 3.5% to 10% on facilities from £25,000 to £100,000,000. The lender brings genuine sector depth in transport, manufacturing, and construction. Expect tailored underwriting that rewards strong credit profiles.
Best next step: Best suited to mid-market firms with £500k+ turnover.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke rates from 3.5% monthly
- Deep sector expertise
- Facilities up to £100 million
Need to know
- Minimum £500,000 turnover expected
- Tailored underwriting takes longer
- Bespoke pricing, not standardised
Expert take
A long-established mid-market lender with genuine sector depth in transport, manufacturing, and construction. For £200,000 equipment finance, Close Brothers brings pricing flexibility and an underwriting team that understands your industry.
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How asset finance works for £200,000 equipment purchases
At £200,000, equipment finance is almost always structured as either a hire purchase or a finance lease. With hire purchase, your business owns the asset after the final payment. With a finance lease, the lender retains ownership and you rent the equipment for an agreed period, typically with an option to continue leasing at a lower rate afterwards.
The equipment itself serves as security, which means lenders focus heavily on the asset's resale value and useful lifespan. Most lenders at this level expect a deposit of 10% to 20%, though Aldermore Asset finance offers up to 100% loan-to-value, and Close Brothers goes to 90%. VAT-registered businesses can reclaim VAT on the purchase price, but the finance agreement itself typically covers the net cost.
Repayment structures are usually fixed monthly payments over one to seven years, with the term matched to how long the equipment will remain productive.
Typical interest rates and repayment terms for £200,000 equipment finance
Interest rates for £200,000 equipment finance vary considerably across lenders. You will see two pricing structures: monthly rates and annual rates.
For monthly rate products, Reward Funding publishes rates from 0.99% to 3% per month. Close Brothers quotes bespoke rates in the 3.5% to 10% per month range, and Lombard from 4% to 11.5% per month. These products tend to suit shorter-term needs, with Reward Funding offering terms from three months to one year.
Annual rate products sit in a tighter band. Liberty Leasing quotes 11% to 16% annually, while Barclays publishes 8.5% to 14.9% annually. Aldermore Asset finance and Acorn Business Finance both land in the 5% to 15% per year range. Terms for annual-rate facilities typically run from one to seven years, giving established businesses predictable fixed repayments.
The rate you receive depends on your trading history, the asset type, and the deposit you can provide.
What types of equipment qualify for £200,000 asset finance
£200,000 opens up a broad range of business equipment that lenders will happily finance. Hard assets with clear resale value are the easiest to fund. This includes heavy plant and machinery, CNC equipment, agricultural machinery, commercial vehicles, printing presses, manufacturing lines, and construction equipment such as excavators or telehandlers.
Softer assets like IT infrastructure, office fit-outs, and specialist software can also qualify, though lenders may ask for a larger deposit or a shorter term to reduce their exposure. The key factor is whether the equipment has a verifiable market value and a predictable depreciation curve.
New equipment attracts better rates and longer terms than used equipment. If you are buying used machinery, expect lenders to request an independent valuation and to cap the term at the remaining useful life of the asset. Some lenders, including Armada Asset Finance, cap facilities at £250,000, which makes them a natural fit for single-asset purchases at this level.
How to strengthen your application for £200,000 equipment finance
At the £200,000 level, lenders will look closely at your business's financial health and the equipment's value. Most lenders expect at least one year of trading history, with Close Brothers and Lombard both requiring a minimum of 12 months. Turnover expectations vary: Lombard asks for £25,000, while Close Brothers requires £500,000. If you fall between these figures, specialist lenders like Aldermore, which states no minimum turnover, may be more flexible.
A personal guarantee is standard practice at this level. Reward Funding, Liberty Leasing, Aldermore Asset finance, Close Brothers, and Armada Asset Finance all require one. Be prepared for directors to personally back the agreement.
To improve your chances, provide clean management accounts, show consistent revenue, and present a clear business case for the equipment. If possible, offer a deposit of 15% or more to reduce the lender's risk. Getting an independent valuation on used equipment before applying also speeds up underwriting and demonstrates you have done your homework.
