Top 10 Lenders to Secure £300,000 Equipment Finance in the UK – 2026
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Top 10 Equipment Finance Lenders for £300,000
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Businesses financing high-value machinery at competitive monthly rates | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Firms valuing annual rate clarity on six-figure equipment deals | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Growing companies needing flexible asset finance from a major lender | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Established businesses funding larger equipment with annual-rate terms | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Businesses needing rapid decisions on varied equipment purchases | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Banking customers funding diverse equipment through a high-street lender | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-market firms financing production and plant machinery | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Included for comparison; wide-ranging equipment finance from £500 | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Businesses seeking broad asset finance across a wide loan range | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Larger operators requiring bespoke pricing on substantial asset deals | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Equipment finance allows a business to acquire essential assets such as machinery, vehicles or plant by spreading the cost across fixed monthly or quarterly repayments, with the equipment itself acting as security for the lender. This structure suits established UK businesses because it preserves cash reserves and avoids the strain of a large upfront purchase. At £300,000, equipment finance typically funds production machinery, commercial fleets or specialist kit that directly strengthens a company’s operational capacity.
Comparing equipment finance lenders goes beyond headline rates alone. For a six-figure facility, businesses should examine whether interest is quoted monthly or annually, as this distinction significantly alters the total repayment cost. The range of acceptable asset types, minimum deposit requirements and maximum term lengths differ between providers. Some lenders also specialise in particular equipment categories, which can affect both approval speed and the flexibility of the finance package offered for a £300,000 transaction.
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: Lends from £100,000 to £5,000,000 for equipment and machinery purchases, with monthly rates starting at 0.99%. Funding can complete within 24 hours once approved. The facility is secured against the asset being financed, which helps keep costs down but ties the advance to specific equipment that must pass the lender's eligibility checks.
Best next step: Check Reward Funding eligibility for your equipment purchase.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Large facilities up to £5,000,000 available
- Funding can arrive within 24 hours
- Competitive monthly rates from 0.99%
Need to know
- Asset must meet the lender's eligibility criteria
- Security is tied to the equipment financed
- Valuation or deposit may be required
Expert take
A large-ticket asset funder that suits established businesses making substantial equipment investments. For a £300,000 purchase, their lower-end rates are competitive, and asset quality alongside trading history will heavily influence the final terms offered.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Charges annual interest from 11% to 16% on equipment finance facilities between £10,000 and £2,000,000. Funding can arrive within 24 hours, which helps when machinery or vehicles need securing quickly. The arrangement is asset-backed, so the finance is tied to the item being purchased rather than requiring separate security.
Best next step: Compare Liberty Leasing rates for your equipment finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates clearly stated upfront
- Fast 24-hour funding turnaround
- Finance tied to the asset, preserving cash
Need to know
- Rates may be higher than some competitors
- Asset eligibility checks apply
- Deposits may be needed for certain equipment
Expert take
A specialist leasing provider focused on equipment and vehicle finance for UK businesses. At the £300,000 level, stronger credit profiles will likely access rates toward the lower end of the 11-16% annual band.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Can fund equipment purchases within 24 hours, with facilities available up to £5,000,000. Monthly rates range from 4% to 11.5%, depending on the asset and credit profile. As a long-established name in UK asset finance, Lombard suits businesses that want a recognised lender behind their machinery or vehicle acquisition.
Best next step: Explore Lombard asset finance for your equipment purchase.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Backed by a major UK banking group
- Facilities available up to £5,000,000
- Funding within 24 hours
Need to know
- Monthly rates can reach 11.5%
- Strong credit profile typically needed
- Asset must meet lender eligibility rules
Expert take
A well-known asset finance arm of a major bank, suited to established businesses with clean credit histories. For a £300,000 equipment purchase, their scale and stability are clear strengths; underwriting may be more involved than with smaller specialist lenders.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Structures equipment finance alongside invoice finance facilities, which can help businesses fund machinery while also unlocking cash from unpaid invoices. Annual rates run from 5.5% to 13.5%, with facilities reaching £5,000,000. Funding typically completes within 24 hours.
Best next step: See how Time Finance can combine asset and invoice funding.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combines asset and invoice finance options
- Facilities available up to £5,000,000
- Funding within 24 hours
Need to know
- Invoice finance requires B2B sales on credit
- Asset finance is secured against the equipment
- Rates vary by facility structure and risk
Expert take
A flexible finance house that works well for B2B businesses wanting to fund equipment while managing working capital through invoice finance. The dual-product approach can reduce overall borrowing costs if both facilities are structured thoughtfully.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Funds equipment leases in as little as four hours, making it one of the quicker options for businesses that need to move fast on a machinery or vehicle purchase. Facilities start from £1,000 with annual rates between 5.5% and 13.5%. The speed advantage can be decisive when equipment availability is time-sensitive.
Best next step: Get a fast equipment lease quote from Admiral.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding possible in just four hours
- Annual rates from 5.5%
- Facilities available from £1,000
Need to know
- May require strong trading history
- Personal guarantee could be requested
- Asset eligibility and valuation checks apply
Expert take
A specialist equipment leasing provider with notably fast turnaround. For a time-sensitive £300,000 purchase, the four-hour funding capability is a genuine differentiator; standard credit and asset checks still apply before approval.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: A high-street banking name with an asset finance division covering equipment purchases from £1,000 to £25,000,000. Annual rates sit between 8.5% and 14.9%, and funding can complete within 24 hours. Bank underwriting standards apply, which means stronger trading history and affordability checks than some non-bank alternatives.
Best next step: Apply for Barclays asset finance on your equipment.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Trusted high-street banking brand
- Large facilities up to £25,000,000
- Funding available within 24 hours
Need to know
- Stricter bank underwriting applies
- Strong trading history typically required
- Personal guarantee may be needed
Expert take
A mainstream bank with broad product coverage and strong brand recognition. For a £300,000 equipment purchase, Barclays brings stability and long-term relationship potential; their underwriting process tends to be more thorough than specialist asset finance providers.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Arranges asset finance from £15,000 to £5,000,000 with annual rates between 8% and 15%. Funding typically completes within 24 hours. The firm covers a broad spread of asset types including specialist equipment and premium finance, which helps if the purchase falls outside standard categories.
Best next step: Check Acorn's rates for your equipment finance.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Broad asset type coverage
- Facilities up to £5,000,000
- Funding within 24 hours
Need to know
- Minimum facility size of £15,000
- Annual rates can reach 15%
- Credit and asset checks required
Expert take
An independent finance broker with access to multiple funding lines, suited to businesses with non-standard equipment needs. At £300,000, their panel approach may uncover competitive options; final terms will depend on the underlying lender selected.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: Accepts equipment finance applications from as little as £500, making it accessible for mixed-asset purchases where a larger facility covers multiple items. Annual rates range from 5% to 20%, and funding takes two to five days. The broad rate band reflects flexibility across different asset types and credit profiles.
Best next step: Explore Propel Finance for your equipment funding.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Low minimum facility from £500
- Rates starting from 5% annually
- Flexible across asset types and profiles
Need to know
- Funding takes two to five days
- Rates can reach 20% for riskier profiles
- Asset eligibility and valuation checks apply
Expert take
A flexible asset finance provider with a wide risk appetite reflected in their broad rate band. For a £300,000 equipment purchase, Propel can accommodate diverse asset types; the final rate will depend heavily on credit strength and the equipment being financed.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Lends from £1,000 to £10,000,000 for asset purchases, with annual rates between 5% and 15%. Funding usually completes within 48 hours. A recognised name in UK specialist lending, Aldermore can accommodate a wide spread of equipment types and business profiles across its asset finance division.
Best next step: Check Aldermore rates for your equipment finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Wide range from £1,000 to £10,000,000
- Rates from 5% annually
- Covers diverse equipment types
Need to know
- Funding takes around 48 hours
- Standard credit and asset checks apply
- Rates depend on profile and equipment
Expert take
A well-established specialist lender with broad appetite across UK SME asset finance. For a £300,000 equipment purchase, Aldermore offers scale and product familiarity; funding speed at 48 hours runs slightly behind the quickest competitors.
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: Brings particular expertise to transport, manufacturing, and construction equipment finance, with facilities spanning £25,000 to £100,000,000. Bespoke monthly rates typically run from 3.5% to 10%, and funding can complete within 24 hours. The sector-informed underwriting can be an advantage for businesses in these industries.
Best next step: Explore Close Brothers for larger equipment finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Massive facilities up to £100,000,000
- Monthly rates from 3.5%
- Deep sector expertise in key industries
Need to know
- Minimum facility of £25,000 applies
- Best suited to £500k+ turnover businesses
- Bespoke rates mean terms vary by deal
Expert take
A long-established merchant banking group with genuine sector depth in transport, manufacturing, and construction. For a £300,000 equipment purchase, their sector-informed approach can add value; their core client base tends toward larger mid-market businesses.
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What eligibility criteria apply to £300,000 equipment finance
Lenders assess more than just the asset value when underwriting a £300,000 equipment finance facility. Your trading history and turnover carry real weight at this level.
Close Brothers expects a minimum annual turnover of £500,000 and at least one year of trading. Lombard sets the bar at £25,000 in turnover with the same one-year trading requirement. Aldermore Asset Finance can consider businesses from six months of trading with no minimum turnover threshold.
Personal guarantees are common. Reward Funding, Liberty Leasing, Time Finance, Aldermore, and Close Brothers all require a director's guarantee. None of the lenders on this list require homeownership as a condition.
Loan-to-value limits also matter. Reward Funding caps at 85%, Close Brothers at 90%, while Aldermore and Propel Finance can go to 100% of the asset value, which helps if you are funding a full equipment purchase without a separate deposit.
Typical interest rates for £300,000 equipment finance agreements
Rates on £300,000 equipment finance vary significantly, so comparing the published ranges is essential before committing to a term.
Reward Funding quotes from 0.99% to 3% per month, while Close Brothers offers bespoke rates from 3.5% to 10% per month. Lombard sits between 4% and 11.5% per month.
Several lenders quote annual rates. Liberty Leasing and Admiral Leasing both publish from 5.5% to 13.5% per year. Aldermore Asset Finance and Time Finance each publish from 5% to 15% per year and 5.5% to 13.5% per year respectively. Barclays ranges from 8.5% to 14.9% per year, Acorn Business Finance from 8% to 15% per year, and Propel Finance from 5% to 20% per year.
The rate you actually receive depends on asset type, your credit profile, the finance structure, and the deposit or residual value position. At £300,000, even a small rate difference compounds meaningfully, so it pays to compare the full range.
Which assets can you finance with £300,000 in equipment funding
A £300,000 equipment finance facility covers a broad range of hard and soft business assets. The key is that the asset must hold resale value and serve a clear business purpose.
Commonly funded assets at this level include heavy plant machinery, CNC and fabrication equipment, commercial vehicles and HGVs, agricultural machinery, printing presses, packaging lines, and medical or diagnostic equipment. Soft assets such as IT infrastructure, office fit-outs, and telecoms systems can also qualify, though lenders may apply shorter terms and tighter rates on assets that depreciate faster.
Specialist assets like catering equipment, recycling machinery, or film production kit may need a lender with experience in that sector. Close Brothers and Lombard both have track records across niche equipment categories. Propel Finance and Aldermore offer up to 100% LTV, which can be useful if the equipment is bespoke and hard to value through standard channels.
How £300,000 equipment finance stacks up against other business funding
At the £300,000 level, you have more than one route to fund an asset purchase. Equipment finance, secured business loans, and term loans each work differently.
Equipment finance ties the funding directly to the asset. The equipment itself serves as security, which often means faster approval and fewer demands on personal assets compared to a secured loan. Lenders like Reward Funding and Lombard structure facilities specifically around the asset, not the broader business balance sheet.
A secured business loan at £300,000 would typically require property or other tangible security beyond the equipment. A term loan might offer more flexibility on what you spend, but the rate could be higher and the term shorter than a dedicated equipment finance agreement.
For businesses that want to preserve working capital and avoid tying up property, equipment finance keeps the liability linked to the asset it funds. The choice really depends on whether you prioritise flexibility over dedicated asset-backed pricing.
