Top 10 Lenders for £300,000 Asset Refinance in the UK (2026)
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Top 10 Lenders for £300,000 Asset Refinance Compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Releasing working capital from high-value machinery and equipment assets | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Businesses with varied asset portfolios needing flexible refinancing structures | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established firms refinancing large fleets or heavy plant equipment | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Mid-sized businesses refinancing assets for growth or debt consolidation | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Metro Bank | Businesses preferring asset refinance through a high-street banking relationship | £2,000 to £25,000,000 | interest 9.6% to 9.6% annually |
| 6 | NatWest Bank | Companies with strong bank relationships seeking competitive refinance rates | £500 to £10,000,000 | interest 4.5% to 10.5% annually |
| 7 | HSBC Bank | Businesses refinancing assets up to £300,000 through a major bank | £1,000 to £300,000 | interest 8.6% to 11.3% annually |
| 8 | Barclays | Firms wanting asset refinance alongside existing Barclays banking services | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 9 | Aldermore Asset finance | Comparing specialist asset finance options against high-street bank offerings | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Larger firms needing substantial asset refinance through a specialist lender | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset refinance lets a business borrow against assets it already owns, releasing the equity tied up in machinery, vehicles, or equipment as a cash lump sum. For established UK businesses with unencumbered assets, it is a practical way to unlock working capital without selling essential equipment or diluting equity. A £300,000 refinance can fund expansion, smooth cash flow, or consolidate existing debt.
Comparing lenders for a £300,000 asset refinance goes beyond headline rates. Loan-to-value ratios vary by lender and asset class, so a printing press may be valued differently than a haulage fleet. Check whether interest is charged monthly or annually, as this changes the real cost. Repayment flexibility matters for seasonal businesses. Also weigh each lender's asset specialism, since experience with heavy plant, commercial vehicles, or production equipment can affect both terms and speed.
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 structures asset refinance with monthly rates starting at 0.99%, which helps keep borrowing costs predictable for a £300,000 facility. The revolving credit wrapper means you only draw what you need and pay interest on the drawn balance. Expect to provide asset valuations and security.
Best next step: Check your rate and facility size.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low monthly rates on drawn balances
- Flexible drawdown suits seasonal cash flow
- Revolving structure reduces idle interest costs
Need to know
- Requires asset security and valuations
- Rates quoted monthly not annually
- Facility limits can be reviewed
Expert take
A secured lender blending asset-backed lending with revolving credit. For a £300,000 asset refinance, the low monthly rate and flexible drawdown suit established businesses releasing equity without paying interest on idle cash.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: A decision within 24 hours is what Liberty Leasing promises for asset refinance, suiting businesses that need to release capital from existing machinery or vehicles quickly. Annual rates run from 11% to 16%, and the facility is tied directly to the refinanced asset. Early repayment terms vary by agreement.
Best next step: See if your assets qualify in 24 hours.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fast 24-hour funding turnaround
- Straightforward asset-backed structure
- Frees up working capital quickly
Need to know
- Annual rates from 11% to 16%
- Asset eligibility checks required
- Early repayment terms vary
Expert take
A direct asset finance lender with a quick-decision model. For a £300,000 refinance, the speed works in your favour if you have clean, unencumbered assets and need capital released without weeks of underwriting.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Decades of experience valuing plant, machinery and commercial vehicles underpin Lombard's asset refinance decisions. Monthly rates range from 4% to 11.5% and funding arrives within 24 hours. The lender lends up to £5,000,000 against business assets. Asset valuation remains a mandatory step before funding.
Best next step: Get a quote for your asset portfolio.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- High lending ceiling up to £5 million
- 24-hour decision turnaround
- Decades of asset finance expertise
Need to know
- Monthly rates from 4% to 11.5%
- Asset valuation required
- Tied to specific refinanced assets
Expert take
A heavyweight in UK asset finance with institutional backing. For established businesses refinancing £300,000 in assets, the combination of high lending capacity and rapid decisions makes this a dependable choice when asset quality is strong.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Businesses holding both unpaid invoices and owned assets can unlock capital from two directions through Time Finance. Annual rates sit between 5.5% and 13.5%, and funding decisions come within 24 hours. This hybrid approach suits firms managing uneven cash flow, though the overall facility depends partly on invoice quality.
Best next step: Explore combined asset and invoice refinance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combines asset and invoice refinance
- 24-hour funding decisions
- Annual rates from 5.5%
Need to know
- Invoice quality affects overall facility
- Limits can be reviewed or adjusted
- Asset eligibility checks apply
Expert take
A flexible lender layering asset and invoice finance under one roof. For a £300,000 refinance, the dual-product model helps businesses release value from both hard assets and unpaid invoices.
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: Metro Bank's mainstream underwriting suits businesses with strong trading records, clean credit and audited accounts when refinancing £300,000 in assets. Annual rates sit around 9.6% and the bank brings full-service business banking to the relationship. Expect a more thorough credit review than with alternative lenders.
Best next step: Apply through a high-street banking relationship.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Broad lending range to £25 million
- Fixed annual rate around 9.6%
- Full-service business banking access
Need to know
- Stricter bank underwriting process
- Strong trading history required
- Personal guarantee may apply
Expert take
A high-street bank with a growing business lending book. For a £300,000 asset refinance, Metro Bank suits established firms that value the stability of a banking partner and can meet conventional credit standards.
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: Annual rates from 4.5% make NatWest one of the more cost-competitive high-street banks for asset refinance. They lend from £500 to £10 million, and the asset-based lending arm can structure facilities around a portfolio of machinery or vehicles. Underwriting is thorough, so trading history and asset quality must be strong.
Best next step: Check NatWest's latest asset finance rates.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Competitive annual rates from 4.5%
- Asset-based lending expertise
- Broad facility range to £10 million
Need to know
- Thorough bank underwriting required
- Strong trading history expected
- Valuation and legal costs possible
Expert take
A major clearing bank with dedicated asset-based lending teams. For a £300,000 refinance, the lower end of their rate range rewards well-capitalised borrowers who demonstrate consistent trading performance and clean asset title.
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: Within 48 hours, HSBC returns an asset refinance decision, with annual rates starting at 8.6%. Their revolving credit structure lets businesses draw and repay against asset security as working capital needs shift. The published range reaches £300,000, so facility size sits at the upper limit of what they advertise.
Best next step: Enquire if your £300,000 refinance qualifies.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- 48-hour decision turnaround
- Revolving credit flexibility
- Annual rates from 8.6%
Need to know
- Published range caps at £300,000
- Revolving limits can be reviewed
- Bank underwriting standards apply
Expert take
A global bank with a strong UK commercial presence. For a £300,000 asset refinance, HSBC works best for existing business banking customers who can leverage their relationship to access revolving asset-backed facilities at predictable annual rates.
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: High-street reach backed by a specialist secured lending team defines Barclays' approach to asset refinance for plant, machinery and commercial vehicles. Annual rates range from 8.5% to 14.9% and the bank lends up to £25 million. Expect a relationship-managed process rather than a rapid online decision.
Best next step: Speak to a Barclays relationship manager.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Lends up to £25 million
- Specialist secured lending team
- Established high-street institution
Need to know
- Relationship-managed process
- Annual rates from 8.5% to 14.9%
- Personal guarantee may be required
Expert take
A blue-chip bank with a dedicated asset and secured lending division. For businesses refinancing £300,000 in plant or vehicles, Barclays suits those who prefer a relationship-led approach and can meet conventional bank credit criteria.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: For SMEs that high-street banks sometimes overlook, Aldermore funds asset refinance with annual rates from 5%. The lender lends from £1,000 to £10 million. Funding decisions typically take 48 hours. Asset type and condition will drive the rate offered.
Best next step: Compare your rate against high-street banks.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- SME-focused lending approach
- Facility range to £10 million
- Annual rates from as low as 5%
Need to know
- 48-hour decision timeframe
- Rate depends on asset condition
- Specialist rather than high-street lender
Expert take
A specialist lender with a strong position in UK asset finance. For a £300,000 refinance, Aldermore suits firms wanting competitive annual rates without the full relationship demands of a clearing bank.
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: Bespoke monthly rates and a £100 million lending capacity make Close Brothers a serious contender for mid-market asset refinance. The lender funds decisions within 24 hours and is particularly active in transport, manufacturing and construction — sectors where £300,000 in asset value is common. Asset type and sector will shape the bespoke terms offered.
Best next step: Explore bespoke terms for mid-market assets.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke rates for each facility
- £100 million lending capacity
- 24-hour decision turnaround
Need to know
- Bespoke rates quoted monthly
- Strong mid-market focus
- Asset type influences terms
Expert take
A long-established merchant banking group with deep asset finance roots. For a £300,000 refinance in transport, manufacturing or construction, Close Brothers brings sector familiarity and bespoke pricing that rewards asset-rich businesses with strong operational records.
Asset Finance Calculator
How asset refinance works for £300,000 business assets
Asset refinance lets established businesses unlock capital from equipment, machinery, or vehicles they already own. Instead of borrowing against property or future revenue, the lender secures the facility against the value of existing assets. At £300,000, this sits in a competitive mid-market range where specialist funders and high-street banks both operate.
The business retains full use of the asset throughout the repayment period. The lender registers a charge and advances a percentage of its current market value, known as the loan-to-value ratio. Monthly repayments are structured over an agreed term, commonly one to seven years.
For many UK businesses, refinancing at this level frees working capital without selling productive assets. Funds can go toward growth, stock purchases, or consolidating higher-cost debt.
What types of assets qualify for £300,000 refinance
Lenders at the £300,000 level accept a broad range of business assets. Common categories include heavy plant and machinery, production lines, commercial vehicles, agricultural equipment, printing presses, CNC machines, and construction plant. Some funders also consider specialist equipment such as medical devices, recycling machinery, or food processing lines.
The deciding factor is whether the asset holds a stable resale value. Lenders assess age, condition, and market demand when setting an advance. Hard assets with active secondary markets generally attract better LTV ratios and lower rates. Assets near the end of their useful life, or with limited resale appeal, may be declined or attract lower advances.
Prepare an asset register listing purchase dates, original cost, and current estimated value before approaching lenders. This speeds up the valuation stage and strengthens your application.
LTV ratios, rates and terms across top £300,000 asset refinance lenders
At £300,000, asset refinance terms vary significantly between lenders. The loan-to-value ratio determines how much capital you can release. Aldermore offers up to 100% LTV, while Close Brothers caps at 90% and Reward Funding at 85%. Higher LTV typically means more capital released but may carry a higher rate.
| Lender | Loan range | Rate range |
|---|---|---|
| Reward Funding | £100,000 to £5,000,000 | 0.99% to 3% monthly |
| Close Brothers | £25,000 to £100,000,000 | 3.5% to 10% monthly |
| Aldermore | £1,000 to £10,000,000 | 5% to 15% annually |
| Liberty Leasing | £10,000 to £2,000,000 | 11% to 16% annually |
| Lombard | Up to £5,000,000 | 4% to 11.5% monthly |
Rate structures diverge noticeably. Reward Funding and Close Brothers quote monthly, reflecting shorter-term facilities. Aldermore and Liberty Leasing price annually, suiting longer-term planning. Lombard sits between these approaches with monthly pricing on larger facilities. Repayment terms commonly span one to seven years, though Metro Bank and NatWest can stretch to 25 to 30 years for suitable assets.
Key considerations before applying for £300,000 asset refinance
Most lenders at this level require a personal guarantee from directors. This means personal assets are at risk if the business defaults, so factor this into your decision.
Asset valuation is critical. Lenders will instruct their own valuer or use desktop appraisals. The valuation directly sets your borrowing limit. If the asset is worth less than expected, the advance shrinks. Some businesses commission an independent valuation first to avoid surprises.
Check for existing finance on the asset. If a hire purchase or lease agreement is still running, the asset cannot be refinanced until settled. You must own the asset outright or hold substantial equity.
Early settlement terms also matter. Some facilities carry penalties for repaying early, which counts if you plan to clear the debt quickly. Compare total cost, not just the headline rate. Arrangement fees, documentation charges, and valuation costs all add to the overall expense.
