Top £200,000 Plant Finance Providers in the UK for 2026
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Top 10 lenders for £200,000 plant finance at a glance
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Large construction firms wanting flexible plant finance from £200,000 upwards | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Construction businesses seeking £200,000 plant finance with annual rate structures | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Well-established construction firms needing high-value plant and machinery finance | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Growing construction businesses funding plant purchases through annual-rate agreements | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Construction firms comparing fast equipment leasing from a range of providers | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Construction businesses wanting a bank-backed asset finance option for comparison | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Construction firms exploring broker-led plant finance with broader market access | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Armada Asset Finance | Smaller construction firms needing plant finance near the £200,000 mark | £2,000 to £250,000 | interest 5% to 13% annually |
| 9 | Aldermore Asset finance | Construction businesses comparing asset finance across a wide lending range | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Large-scale construction operators funding major plant and machinery purchases | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance for plant and machinery allows construction businesses to spread the cost of heavy equipment over time, with the asset itself acting as security for the loan. This structure frees up working capital that would otherwise be locked into expensive purchases like excavators, bulldozers, or telehandlers. For firms needing £200,000 in plant finance, it means acquiring essential machinery without draining cash reserves or disrupting project delivery.
Comparing £200,000 plant finance options goes well beyond the headline rate. The repayment term length directly shapes monthly cash flow, with construction firms often preferring terms that align with project cycles. Some lenders specialise in new equipment only, while others will fund used or refurbished plant, which matters when sourcing specialist machinery. Deposit requirements vary from zero to around 20 per cent, affecting upfront capital needs. Annual versus monthly rate structures can also make two offers that look similar on paper cost very differently in practice.
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 facilities spanning £100,000 to £5,000,000, Reward Funding suits construction businesses acquiring heavy plant or upgrading entire equipment fleets. Monthly rates range from 0.99% to 3%. The revolving credit structure means you can draw against the facility as new equipment needs arise. Decisions come within 24 hours. Suitable asset security is required to unlock headline terms.
Best next step: Compare revolving plant finance options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving facility adapts to changing needs
- Funding decision typically within 24 hours
- Facilities available up to £5,000,000
Need to know
- Asset security required for facilities
- Monthly interest between 0.99% and 3%
- Legal or valuation costs may apply
Expert take
A larger-ticket asset finance provider suited to mid-market businesses. Construction firms with tangible plant assets and clean credit should find the revolving structure aligns with equipment procurement cycles. Works particularly well for contractors managing seasonal fleet requirements.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Fixed annual rates between 11% and 16% give construction businesses predictable monthly costs when financing plant through Liberty Leasing. Facilities range from £10,000 to £2,000,000, secured against the equipment itself. Working capital stays free for project running costs. Funding decisions land within 24 hours. A deposit or valuation may be needed depending on equipment type and age.
Best next step: Check fixed-rate plant finance terms
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fixed annual rates aid cash flow forecasting
- Preserves working capital for project costs
- Covers new and used construction plant
Need to know
- Deposit or valuation may be required
- Annual rates between 11% and 16%
- Asset eligibility checks apply
Expert take
A straightforward asset finance lender with transparent fixed-rate pricing. Construction businesses buying excavators, loaders or telehandlers benefit from predictable repayments. The 24-hour decision window suits time-sensitive equipment purchases common in the sector.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: A 24-hour decision window makes Lombard a practical choice for construction firms needing to secure plant quickly ahead of project start dates. Facilities reach up to £5,000,000 with monthly rates from 4% to 11.5%. A well-established lender, Lombard funds a broad range of heavy machinery types. Expect asset eligibility checks and possible deposit requirements on specialist equipment.
Best next step: Explore rapid plant finance decisions
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Decisions within 24 hours as standard
- Facilities available up to £5,000,000
- Funds wide range of heavy plant types
Need to know
- Monthly rates from 4% to 11.5%
- Asset eligibility checks are standard
- Deposit may be needed on specialist kit
Expert take
A long-standing asset finance name with significant balance sheet capacity. Construction businesses needing rapid decisions on plant purchases from excavators to crushers will find Lombard's process built for speed. The broad asset appetite covers most heavy machinery categories.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Blending asset finance with invoice-backed revolving credit, Time Finance gives construction firms flexibility to fund plant purchases while unlocking cash from unpaid invoices. Facilities reach up to £5,000,000 with annual rates from 5.5% to 13.5%. Decisions come within 24 hours. The combined structure suits contractors managing equipment needs and working capital across multiple project sites.
Best next step: See combined asset and invoice funding
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combines asset and invoice-backed funding
- Facilities available up to £5,000,000
- 24-hour decision on most applications
Need to know
- Annual rates from 5.5% to 13.5%
- Suitability depends on invoice quality
- Asset security and deposits may apply
Expert take
A hybrid lender blending asset finance with invoice-backed working capital. Construction businesses running multiple projects benefit from funding both equipment and receivables under one relationship. Best suited to established contractors with diverse debtor books.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Funding in as little as four hours sets Admiral leasing apart for construction firms facing urgent plant requirements on live sites. Equipment leasing starts from £1,000 with annual rates between 5.5% and 13.5%. They cover most heavy machinery categories. A personal guarantee or strong trading history may be requested for larger facilities above six figures.
Best next step: Check four-hour funding availability
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding available in as little as 4 hours
- Annual rates from 5.5% to 13.5%
- Covers most construction equipment types
Need to know
- Personal guarantee may be requested
- Strong trading history often needed
- Asset eligibility checks apply
Expert take
A speed-focused equipment leasing provider. Construction firms facing urgent plant requirements will value the four-hour funding promise. Works best for businesses with consistent trading records and straightforward asset requirements.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Construction firms already banking with Barclays can often access smoother plant finance through its dedicated asset finance team. Facilities span £1,000 to £25,000,000 with annual rates from 8.5% to 14.9%. The high-street balance sheet supports large-scale equipment programmes. Bank underwriting tends to be more thorough than alternative lenders, so expect detailed affordability checks and possible security requirements.
Best next step: Speak to Barclays asset finance team
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Broad facility range up to £25,000,000
- Dedicated asset finance team available
- Existing banking relationship can ease process
Need to know
- Bank underwriting can be slower
- Strong affordability evidence needed
- Personal guarantee may be required
Expert take
A mainstream bank with deep asset finance expertise. Construction firms already banking with Barclays gain relationship-based pricing and the stability of a high-street balance sheet. Established contractors making significant plant investments benefit most from the broad funding capacity.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Access to multiple finance structures lets Acorn Business Finance match plant funding to how construction businesses actually operate, whether that means asset-backed term loans or revolving credit. Facilities range from £15,000 to £5,000,000 with annual rates between 8% and 15%. Decisions typically arrive within 24 hours. Standard asset eligibility and affordability checks apply.
Best next step: Compare flexible plant finance structures
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Multiple finance structures available
- Facilities from £15,000 to £5,000,000
- Decisions typically within 24 hours
Need to know
- Annual rates between 8% and 15%
- Asset eligibility checks are standard
- Affordability evidence is required
Expert take
A multi-product broker-style lender with access to varied funding structures. Construction businesses benefit from the flexibility to match plant finance to project timelines. The 24-hour decision window keeps pace with equipment procurement deadlines.
Armada Asset Finance
Published loan range£2,000 to £250,000
Rate typeinterest 5% to 13% annually
Overview: Annual rates starting at 5% position Armada Asset Finance among the more cost-competitive options for construction plant funding. Facilities run from £2,000 to £250,000, secured against the equipment itself. That keeps other credit lines free for project costs. Decisions come within 24 hours. Asset eligibility checks are standard and a deposit or valuation may be requested.
Best next step: Check competitive plant finance rates
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates starting from just 5%
- Asset-secured, preserving other credit
- Decisions typically within 24 hours
Need to know
- Maximum facility size is £250,000
- Asset eligibility checks apply
- Deposit or valuation may be needed
Expert take
A lean asset finance provider with competitive headline rates. Construction businesses funding single high-value plant items like bulldozers or large excavators should find the pricing attractive. The 24-hour turnaround keeps pace with equipment auction and dealer timelines.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: From single tools to full fleet replacements, Aldermore Asset Finance covers plant purchases between £1,000 and £10,000,000 at annual rates of 5% to 15%. The breadth accommodates construction businesses of most sizes. Funding decisions typically take up to 48 hours, slightly longer than some alternatives but still within a working week. Standard credit and asset valuation checks apply throughout.
Best next step: Explore broad plant finance options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Broad facility range up to £10,000,000
- Annual rates from 5% to 15%
- Covers single assets to full fleets
Need to know
- Decisions can take up to 48 hours
- Standard credit and asset checks apply
- Asset valuation may be required
Expert take
A broad-spectrum asset finance provider with significant balance sheet depth. Construction firms from small contractors to large regional operators can access funding for diverse plant requirements. The 48-hour decision timeline remains workable for most planned equipment purchases.
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: Construction sector expertise drives Close Brothers' approach to plant finance, with underwriters who understand equipment depreciation and asset lifecycles specific to the industry. Facilities range from £25,000 to £100,000,000 at bespoke monthly rates from 3.5% to 10%. Decisions come within 24 hours for standard applications. The mid-market focus suits established contractors with turnover above £500,000.
Best next step: Speak to construction finance specialists
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Deep construction sector underwriting expertise
- Facilities available up to £100,000,000
- Bespoke rates from 3.5% monthly
Need to know
- Minimum facility size is £25,000
- Mid-market focus suits larger contractors
- Bespoke pricing means rates vary by deal
Expert take
A specialist mid-market lender with genuine construction sector pedigree. Larger contracting firms with turnover above £500,000 gain from underwriters who understand plant depreciation and asset lifecycles. The bespoke pricing rewards strong balance sheets.
Asset Finance Calculator
How plant finance works for construction businesses borrowing £200,000
Plant finance lets construction firms spread the cost of heavy equipment over time rather than paying the full £200,000 upfront. The two most common structures are hire purchase and finance lease.
With hire purchase, your business owns the asset at the end of the term after making all repayments. A finance lease gives you full use of the plant in return for fixed monthly payments, with the lender retaining ownership. Both structures treat the equipment as security for the borrowing.
At £200,000, you are well within the lending range of most UK asset finance providers. Liberty Leasing offers terms from 1 to 5 years, while Aldermore and Close Brothers extend to 7 years. Longer terms reduce monthly outgoings but increase total interest paid.
Lenders price plant finance according to asset type, age of equipment, and your trading history. Rates vary considerably across the market, so comparing offers is essential.
Types of plant and machinery you can finance with £200,000
A £200,000 facility covers a broad range of construction equipment. Heavy plant such as excavators, bulldozers, wheeled loaders, telehandlers, and tracked dumpers all sit within this budget. You can also finance several smaller machines, such as a mini excavator alongside a site dumper and a compaction roller.
Most asset finance lenders fund both new and used equipment. New machinery typically attracts better rates because resale value is more predictable. Used plant can still be financed, though lenders may cap the advance against older assets. Reward Funding publishes a maximum loan-to-value of 85%, while Aldermore can go up to 100% in some cases.
The equipment itself acts as the primary security. Lenders assess the make, model, age, and expected residual value before approving a £200,000 advance. Specialist attachments such as hydraulic breakers, grabs, and augers can also be included if purchased alongside the main machine.
Deposits, security and tax treatment of £200,000 plant finance
Most £200,000 plant finance agreements require a deposit, typically 10% to 20% of the equipment value. This maps to the loan-to-value caps published by lenders. Reward Funding advances up to 85%, Close Brothers up to 90%, and Aldermore up to 100% in certain circumstances.
A personal guarantee is standard for limited companies borrowing at this level. Most lenders on this list require one, including Reward Funding, Liberty Leasing, Close Brothers, and Aldermore.
Plant finance offers meaningful tax benefits for construction firms. Under the Annual Investment Allowance, you can deduct the full cost of qualifying plant from taxable profits in the year of purchase, up to £1 million. This applies even when equipment is financed rather than bought outright. Finance lease payments also count as a deductible trading expense, reducing your corporation tax bill each year.
VAT-registered businesses can reclaim VAT on the purchase price. This does not cover the interest element of finance repayments, but it still improves upfront cash flow.
What construction firms need to secure approval for £200,000 plant finance
Lenders look at trading history, turnover, and the asset itself when assessing a £200,000 plant finance application. Minimum requirements vary. Lombard asks for at least 1 year of trading and £25,000 in turnover. Close Brothers sets a higher bar at 1 year and £500,000 in annual turnover. Aldermore accepts businesses from 6 months of trading with no minimum turnover requirement.
A personal guarantee from directors is almost always required at this borrowing level. Lenders also want bank statements, management accounts, and sometimes filed accounts to verify trading performance.
The plant itself matters as much as your business profile. Lenders prefer mainstream brands with strong resale values and will want an invoice from the equipment supplier. Having a clear purchase agreement ready speeds up underwriting.
If your business is newer or turnover falls below typical thresholds, specialist brokers can place applications with lenders that take a more flexible view on trading history.
