Top 10 Lenders to Secure £250,000 Asset Refinance in 2026
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Top Lenders for £250,000 Asset Refinance
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Businesses refinancing high-value machinery or vehicle fleets | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | SMEs with diverse asset types including specialist equipment | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established SMEs wanting flexible asset refinance from a specialist | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Businesses wanting annual-rate pricing with high facility limits | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Metro Bank | SMEs wanting a high-street bank with wide asset acceptance | £2,000 to £25,000,000 | interest 9.6% to 9.6% annually |
| 6 | NatWest Bank | Larger SMEs with strong trading history and solid turnover | £500 to £10,000,000 | interest 4.5% to 10.5% annually |
| 7 | HSBC Bank | Businesses near the £250k mark who value bank relationships | £1,000 to £300,000 | interest 8.6% to 11.3% annually |
| 8 | Barclays | SMEs needing high-street backing for substantial asset refinance | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 9 | Aldermore Asset finance | Younger businesses or those with minimal turnover requirements | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Well-established firms with large asset bases and strong turnover | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset refinance lets a business unlock cash tied up in equipment or machinery it already owns outright, by using those assets as security for a new lending facility. It suits SME owners who have unencumbered plant, vehicles, or commercial kit and want to release working capital without selling. At £250,000, this facility often supports growth investment, cash flow strengthening, or funding a new revenue stream.
Comparing asset refinance lenders goes well beyond the advertised rate. A lender's loan-to-value ratio on your specific asset type determines how much you can borrow against its worth. The range of assets a funder will accept varies considerably; some specialise in heavy plant while others prefer vehicles or tech equipment. Term length and repayment structure also shape affordability and total cost. Your business's trading history and asset condition will influence which lenders are genuinely available at the £250,000 level.
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 from 0.99% make Reward Funding one of the more cost-effective routes for releasing capital from owned assets. They structure refinance against machinery, vehicles and equipment, with facilities from £100,000. Underwriting focuses on asset quality and business profile rather than rigid tick-box criteria.
Best next step: Compare asset refinance rates here
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low monthly rates from 0.99%
- Facilities up to £5 million
- Flexible drawdown structure
Need to know
- Security and valuation costs apply
- Limits can be reviewed or withdrawn
- Asset eligibility checks required
Expert take
A specialist asset lender geared towards mid-to-large facilities. A £250,000 refinance plays to their sweet spot where competitive monthly pricing and flexible structuring come together effectively.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Funding in as little as 24 hours makes Liberty Leasing a practical choice when speed matters. They refinance existing equipment, vehicles and machinery from £10,000 upwards, with annual rates between 11% and 16%. The process is asset-led, meaning the equipment's value drives the lending decision more than the balance sheet.
Best next step: Get a refinance quote today
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Same-day funding possible
- Preserves working capital
- Asset-led lending approach
Need to know
- Deposits may be needed
- Valuation of assets required
- Equipment type affects eligibility
Expert take
A responsive asset finance provider that prioritises turnaround. For a £250,000 refinance, their speed suits businesses needing to unlock tied-up capital quickly against owned plant or vehicles.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lends up to £5 million against business assets, giving substantial headroom for refinancing larger equipment portfolios. Lombard structures deals around the asset's useful life, with monthly interest from 4%. Long established in the market, they bring consistency to refinance transactions involving plant, commercial vehicles and specialist machinery.
Best next step: See Lombard refinance options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Up to £5 million ceiling
- Long market track record
- Asset-life-based structuring
Need to know
- Monthly interest pricing applies
- Asset valuation required
- Equipment criteria to meet
Expert take
A household name in asset finance with decades of underwriting experience. A £250,000 refinance is a standard transaction for them, particularly well-suited to plant and machinery portfolios.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: A revolving credit structure lets businesses draw and repay against refinanced assets repeatedly, rather than taking a one-off lump sum. Time Finance blends asset and invoice finance under one roof, with annual rates from 5.5%. This suits firms that want ongoing working capital flexibility from their asset-backed facility.
Best next step: Explore revolving refinance terms
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving credit available
- Combined asset and invoice
- Annual rates from 5.5%
Need to know
- Facility limits may change
- Costs can rise with usage
- Debtor quality assessed
Expert take
A flexible funder that bridges asset and invoice finance. For a £250,000 asset refinance, their revolving model works best for businesses wanting ongoing capital access rather than a single release.
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: A familiar high-street name with an asset finance arm that handles refinance from £2,000 to £25 million. Metro Bank offers fixed annual rates around 9.6%, giving pricing certainty across the term. Expect a relationship-managed process with face-to-face underwriting rather than a purely automated decision.
Best next step: Check Metro Bank refinance rates
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fixed-rate certainty
- Up to £25 million ceiling
- Relationship-managed service
Need to know
- Slower bank underwriting
- Strong trading history needed
- Personal guarantee likely
Expert take
A high-street bank extending into asset-backed lending. For a £250,000 refinance, the fixed-rate structure and personal relationship management appeal to established businesses prioritising stability over speed.
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: NatWest prices asset refinance from 4.5% annually, making it one of the lower-cost bank options for releasing capital from owned equipment. Facilities stretch from £500 to £10 million, with revolving credit available alongside term structures. Approval leans on trading history, affordability and asset valuation rather than quick-turnaround metrics.
Best next step: View NatWest refinance pricing
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low annual rates from 4.5%
- Up to £10 million range
- Revolving credit option
Need to know
- Strict bank underwriting
- Trading history scrutinised
- Personal guarantee may apply
Expert take
A mainstream bank with a competitively priced asset finance offering. For a £250,000 refinance, the low-rate potential rewards businesses with strong financials and clean credit histories.
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: A 48-hour turnaround paired with global brand backing gives HSBC a distinctive profile in asset refinance. They lend from £1,000 to £300,000 against business assets, with annual rates between 8.6% and 11.3%. Underwriting is thorough, so expect detailed scrutiny of asset condition, business trading history and affordability.
Best next step: See HSBC asset refinance terms
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Global banking brand
- Revolving credit structure
- Wide product range
Need to know
- Upper limit of £300,000
- 48-hour turnaround time
- Thorough affordability checks
Expert take
A cautious global bank with a measured approach to asset lending. For a £250,000 refinance, asset quality needs to be demonstrably strong to pass their credit and valuation thresholds.
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: One of the highest lending ceilings in the market at £25 million, Barclays handles asset refinance from £1,000 upwards. Annual rates range from 8.5% to 14.9% depending on asset type and credit profile. Their scale brings established processes and dedicated relationship management to refinance transactions across the lending spectrum.
Best next step: Check Barclays refinance options
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Up to £25 million ceiling
- Established clearing bank
- Dedicated relationship team
Need to know
- Bank-paced underwriting
- Personal guarantee possible
- Legal and valuation costs
Expert take
A major clearing bank with deep asset finance resources. For a £250,000 refinance, their institutional strength and established processes suit businesses wanting a long-term banking partner.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Widely used across the SME market, Aldermore funds asset refinance from £1,000 to £10 million with annual rates between 5% and 15%. They take a pragmatic view on equipment types including plant, commercial vehicles and specialist machinery. A 48-hour turnaround keeps things moving once underwriting is complete.
Best next step: Compare Aldermore refinance rates
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Broad SME acceptance
- Up to £10 million range
- Pragmatic asset view
Need to know
- 48-hour turnaround time
- Asset eligibility assessed
- Rate varies by profile
Expert take
A specialist bank with a strong SME and mid-market focus. For a £250,000 equipment refinance, their broad asset appetite and pragmatic underwriting make them a natural comparison point.
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: Built for established mid-market firms, Close Brothers brings deep sector knowledge to asset refinance, particularly in transport, manufacturing and construction. They structure bespoke facilities from £25,000 to £100 million with monthly rates between 3.5% and 10%. This approach suits businesses with strong asset portfolios and sector-specific equipment to refinance.
Best next step: See Close Brothers refinance terms
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Up to £100 million ceiling
- Deep sector expertise
- Bespoke rate structure
Need to know
- £25,000 minimum facility
- Bespoke pricing applies
- Mid-market focus
Expert take
A long-established mid-market funder with genuine sector depth. For a £250,000 refinance, their transport, manufacturing and construction knowledge brings underwriting that understands specialist equipment values.
Asset Finance Calculator
How asset refinance works for businesses seeking £250,000
Asset refinance lets you unlock capital from assets your business already owns. Rather than buying new equipment, you use existing machinery, vehicles, or plant as security for a loan. The lender values your assets and advances a percentage of that value. You repay in fixed instalments over an agreed term while continuing to use the assets day to day.
At £250,000, this sits comfortably within the published ranges of most UK asset finance lenders. Reward Funding starts at £100,000, while Liberty Leasing and Aldermore can accommodate facilities from much lower starting points up to several million. Rates vary by lender and asset type. Some lenders publish rates from 0.99% per month, while others charge between 5% and 16% per year depending on the asset quality and the strength of your business.
The key advantage for an SME owner is speed: refinancing assets you already hold is typically faster than a property-secured loan, and you avoid the capital outlay of a new purchase.
What assets can you refinance to release £250,000
Lenders will consider most tangible business assets for a £250,000 refinance. Plant and machinery are the most common, including CNC machines, printing presses, packaging lines, and fabrication equipment. Commercial vehicles such as HGVs, fleet vans, coaches, and specialist lorries also hold strong refinance value. Agricultural equipment, construction plant, and engineering tools are widely accepted.
The asset must be owned outright or have significant equity. Leased assets with outstanding finance cannot usually be refinanced unless you settle the existing agreement first. Lenders also prefer assets that hold resale value and have a clear secondary market, which makes valuation simpler and strengthens your application.
Age and condition matter. Most lenders expect assets to have a useful working life that extends beyond the loan term. If your equipment is nearing the end of its economic life, you may need to offer additional security or accept a lower advance.
How LTV ratios affect borrowing power on a £250,000 asset refinance
The loan-to-value ratio determines how much a lender will advance against your assets. If your machinery is valued at £300,000 and the lender offers 85% LTV, you can borrow £255,000. At 90% LTV, that rises to £270,000.
Among lenders on this page, LTV terms vary. The table below shows published maximum LTVs where confirmed.
| Lender | Maximum LTV |
|---|---|
| Aldermore | 100% |
| Close Brothers | 90% |
| Reward Funding | 85% |
A higher LTV means more capital released, but it often comes with stricter eligibility checks. A lender offering 100% LTV will scrutinise both the asset and your business performance closely. If your assets are valued just above £250,000, you will need a high LTV to hit your target. If they are worth significantly more, a lower LTV may still get you to £250,000 with potentially better rates.
Tips to improve your eligibility for a £250,000 asset refinance
First, get a professional valuation of your assets before approaching lenders. An independent appraisal gives you a realistic borrowing figure and shows lenders you are prepared.
Second, prepare your financials. Most asset finance lenders require at least one year of trading history, and some ask for minimum turnover. NatWest, for example, expects £300,000 in annual turnover. Close Brothers sets the bar at £500,000. Clean management accounts and filed returns strengthen your application.
Third, be ready to provide a personal guarantee. Most lenders on this list require one, including Reward Funding, Liberty Leasing, and Aldermore. A personal guarantee gives the lender recourse if the business defaults, and it can help secure better rates.
Finally, match your asset type to the right lender. Some funders specialise in certain equipment categories and may offer better LTVs or lower rates for assets they understand well. A broker can help identify which lenders favour your asset class.
