Top 10 Lenders to Secure £300,000 Asset Finance in 2026
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Top 10 asset finance lenders for £300,000
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established firms funding high-value equipment with flexible monthly repayment terms | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Businesses comparing hire purchase and lease options on mid-to-high-value assets | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Trading businesses with strong credit seeking competitive rates on large purchases | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Growing businesses funding vehicles, machinery or equipment up to £5 million | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Firms comparing equipment leasing across a broad range of asset values | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Businesses preferring a high-street bank for large-scale asset investment | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-market firms funding commercial vehicles or machinery above £15,000 | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Businesses seeking flexible asset finance from a specialist with wide sector coverage | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Firms with six-plus months trading seeking asset finance up to £10 million | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Larger established firms needing bespoke asset finance with tailored monthly structures | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets a lender buy the equipment, vehicle or machinery your business needs while you repay the cost over an agreed term, with the asset itself serving as security. For established UK businesses, this preserves working capital and matches repayments to the income the asset generates. At £300,000, it typically funds major capital investments like heavy plant, commercial vehicles or production line machinery.
Comparing asset finance lenders at this level goes beyond headline rates. The finance structure matters: hire purchase builds equity from day one, while a finance lease can reduce upfront costs and offer tax advantages. Lender expertise with your asset type and sector is critical, as is their maximum facility size. A lender's published loan range signals whether £300,000 sits comfortably within their appetite or near the upper limit.
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 from 0.99% keep the cost of asset finance predictable for equipment and machinery purchases. Reward Funding structures revolving credit facilities secured against business assets, with funding available from £100,000 to £5 million. The flexible drawdown suits seasonal or repeat capital needs. Expect to provide suitable security; legal and valuation costs may apply.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly rates from 0.99%
- Revolving credit for flexible drawdown
- Facilities from £100,000 to £5 million
Need to know
- Security and valuation costs apply
- Limits may be reviewed or withdrawn
- Asset eligibility checks required
Expert take
A secured asset lender with a revolving credit model suited to established firms. For a £300,000 equipment or vehicle purchase, the low entry rate and flexible drawdown work in your favour.
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 typically funds asset finance deals within 24 hours, suiting businesses that need to move quickly on equipment or vehicle purchases. The lender writes facilities from £10,000 to £2 million with annual interest rates between 11% and 16%. Funding is tied directly to the asset, which helps preserve working capital. Be ready for asset valuations and possible deposit requirements.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding within 24 hours
- Preserves working capital
- Covers equipment and vehicles
Need to know
- Annual rates from 11% to 16%
- Asset valuations may be required
- Deposits may be needed
Expert take
A direct asset finance provider that moves at pace. The 24-hour turnaround and asset-backed model suit an established business needing to secure equipment without tying up cash.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard writes asset finance facilities reaching £5 million, handling substantial equipment, vehicle and machinery purchases with confidence. Monthly interest rates range from 4% to 11.5%, and funding decisions typically come through within 24 hours. The lender links finance directly to tangible assets. Expect asset-specific eligibility checks and possible deposit requirements.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £5 million
- Decisions within 24 hours
- Covers diverse asset types
Need to know
- Monthly rates from 4% to 11.5%
- Asset eligibility checks required
- Deposits may be needed
Expert take
A long-established asset finance name with deep capacity. For a £300,000 machinery or vehicle acquisition, Lombard's upper-range headroom and 24-hour decision pace are clear strengths.
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 blends asset finance with revolving credit, giving established businesses ongoing access to capital rather than a single transaction. Annual rates run from 5.5% to 13.5%, with facilities reaching £5 million. The structure suits repeat equipment purchases or seasonal working-capital patterns. Drawdown flexibility comes with periodic reviews; costs may rise with heavier usage.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving credit structure
- Annual rates from 5.5%
- Facilities up to £5 million
Need to know
- Limits reviewed periodically
- Costs may increase with usage
- Asset eligibility applies
Expert take
A flexible lender pairing asset finance with revolving credit. Businesses funding multiple assets over time will find the drawdown structure more useful than a one-off facility.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing starts equipment finance from £1,000 and covers a broad product set including asset finance, secured loans and bridging. Annual rates sit between 5.5% and 13.5%, with funding often approved within four hours. The lender suits businesses purchasing equipment, vehicles or machinery. Strong trading history and affordability evidence will likely be required for larger facilities.
Best next step: See lender review
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding from £1,000
- Decisions within four hours
- Broad product range
Need to know
- Trading history evidence required
- Affordability checks apply
- Personal guarantee may be needed
Expert take
An all-round funder with quick turnaround. The four-hour decision speed and low entry point make Admiral a practical choice for equipment and machinery finance at this level.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays brings mainstream bank-grade asset finance to UK businesses, funding equipment, vehicles and machinery from £1,000 to £25 million. Annual rates range from 8.5% to 14.9%, with a product set spanning revolving credit, secured loans and specialist lending. Bank underwriting tends to be thorough; expect to demonstrate strong trading history and affordability.
Best next step: See lender review
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Bank-grade lending
- Facilities up to £25 million
- Broad product coverage
Need to know
- Slower bank underwriting process
- Strong trading history required
- Personal guarantee may apply
Expert take
A high-street bank with enormous lending capacity. For a £300,000 asset purchase, Barclays delivers stability and product breadth alongside more rigorous underwriting than alternative lenders.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Acorn Business Finance writes asset finance alongside acquisition funding, premium finance and secured term loans, covering equipment, vehicles and machinery purchases from £15,000 to £5 million. Annual interest rates between 8% and 15% reflect a specialist approach across multiple sectors. Security and strong trading evidence will be expected for facilities at this level.
Best next step: See lender review
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Specialist across multiple sectors
- Facilities up to £5 million
- Covers diverse asset types
Need to know
- Annual rates from 8% to 15%
- Security typically required
- Trading history evidence needed
Expert take
A multi-product specialist that pairs asset finance with broader lending options. Established businesses funding equipment or machinery will benefit from the lender's cross-sector experience.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: Propel Finance offers asset finance with annual rates spanning 5% to 20%, funding equipment, vehicles and machinery from as little as £500. Funding typically lands within two to five days, which suits planned purchases rather than urgent acquisitions. The lender ties finance directly to the underlying asset. Expect valuations and asset eligibility checks; deposit requirements may apply.
Best next step: See lender review
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5%
- Facilities from £500
- Covers diverse assets
Need to know
- Funding takes two to five days
- Asset valuations required
- Deposits may be needed
Expert take
A volume-focused asset funder with a wide rate band. The low entry point and competitive floor rate suit cost-conscious businesses, while the two-to-five-day timeline suits planned purchases.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore Asset Finance covers facilities from £1,000 to £10 million, accommodating everything from single equipment purchases to fleet or machinery-scale deals. Annual rates range from 5% to 15%, with funding typically landing within 48 hours. The lender's asset finance focus keeps product terms straightforward. Expect standard asset eligibility and credit checks.
Best next step: See lender review
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £10 million
- Annual rates from 5%
- Funding within 48 hours
Need to know
- Credit and asset checks apply
- Standard underwriting process
- Asset eligibility assessed
Expert take
A mid-market asset finance provider with substantial capacity. The range headroom and 48-hour timeline make Aldermore a balanced choice for a £300,000 equipment or vehicle purchase.
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 writes asset finance from £25,000 to £100 million with bespoke monthly rates between 3.5% and 10%, tailored to the asset and borrower profile. The lender serves established mid-market businesses, particularly in transport, manufacturing and construction. Underwriting is relationship-led and thorough; expect detailed affordability and asset assessment.
Best next step: See lender review
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke rate structures
- Facilities up to £100 million
- Sector-specific expertise
Need to know
- Minimum facility of £25,000
- Thorough underwriting process
- Relationship-led approach
Expert take
A blue-chip asset finance house with sector depth in transport, manufacturing and construction. For a £300,000 purchase, the bespoke pricing and specialist knowledge are genuine advantages.
Asset Finance Calculator
How hire purchase and finance lease work for £300,000 asset finance
When financing £300,000 in business assets, the structure you choose affects ownership, tax treatment, and monthly cost. The two most common options are hire purchase and finance lease.
With hire purchase, you spread the cost of the asset over a fixed term. You claim capital allowances on the asset and VAT is usually paid upfront on the full purchase price. At the end of the agreement, ownership transfers to your business.
With a finance lease, the lender buys the asset and leases it to you. You claim rental payments as a trading expense rather than capital allowances. VAT is paid on each rental payment, not upfront. At the end of the lease, you can continue renting, return the asset, or sell it on the lender's behalf and keep a share of the sale proceeds.
For a £300,000 facility, both structures are widely available across the lenders on this page. Your choice should reflect how the asset will be used, its expected lifespan, and whether outright ownership matters to your business.
What lenders look for when approving £300,000 in asset finance
At the £300,000 level, lenders assess both your business and the asset itself. Trading history requirements vary. Aldermore considers businesses trading for 6 months or more, while Lombard and Close Brothers typically ask for at least 12 months.
Turnover expectations differ between lenders. Close Brothers requires a minimum turnover of £500,000. Lombard asks for £25,000. Most lenders on this list do not publish a fixed turnover threshold, so affordability is assessed case by case.
Personal guarantees are common at this funding level. Reward Funding, Liberty Leasing, Aldermore and Close Brothers all require them as standard for asset finance. Homeowner status is not a requirement for any lender on this list.
| Lender | Max LTV | Min Trading | Min Turnover |
|---|---|---|---|
| Aldermore | 100% | 6 months | £0 |
| Propel Finance | 100% | Not confirmed | Not confirmed |
| Close Brothers | 90% | 1 year | £500,000 |
| Reward Funding | 85% | Not confirmed | Not confirmed |
What £300,000 asset finance costs across leading UK lenders
Rates for £300,000 asset finance vary significantly between lenders. Reward Funding publishes rates from 0.99% to 3% per month. Lombard quotes between 4% and 11.5% per month. Close Brothers sits in a similar monthly band at 3.5% to 10% per month.
Several lenders quote annual rates. Liberty Leasing and Admiral Leasing both fall between 5.5% and 13.5% annually. Time Finance quotes a similar band at 5.5% to 13.5% annually. Barclays publishes rates from 8.5% to 14.9% annually, while Aldermore sits between 5% and 15% annually. Acorn Business Finance quotes 8% to 15% annually, and Propel Finance ranges from 5% to 20% annually.
The rate you are offered depends on the asset type, your credit profile, and the finance structure you choose. Lenders typically offer lower rates on assets with strong resale value, such as heavy plant machinery or commercial vehicles, compared to specialist or bespoke equipment.
Practical steps to secure £300,000 in asset finance
Securing £300,000 in asset finance requires preparation. Start by confirming the exact asset specification, supplier quote, and expected delivery timeline. Lenders want a clear paper trail linking the finance to a tangible purchase.
Check your business credit file before applying. Any outstanding CCJs, late payment markers, or high existing debt levels can affect the terms you are offered. If your business is relatively young, focus on lenders with shorter trading history requirements, such as Aldermore at 6 months.
Provide management accounts or up-to-date financials if your last filed accounts do not reflect current trading. For a facility of this size, lenders will review affordability carefully.
Consider whether a specialist broker can help. A broker can present your application to multiple lenders, saving you from multiple credit searches and helping you compare structures and rates side by side. This is particularly useful at the £300,000 level, where rate differences between lenders can mean thousands of pounds in additional cost over the term of the agreement.
