Top 10 Lenders for 300k Machinery Finance in the UK — 2026 Guide
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Top £300,000 machinery finance lenders compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Manufacturers funding heavy machinery at competitive monthly rates | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Established firms comparing annual-rate equipment finance options | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Trading businesses using machinery as security for asset finance | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Growing manufacturers upgrading plant with flexible repayment terms | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Businesses seeking rapid decisions on equipment leasing | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Larger firms comparing bank-backed machinery finance options | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Companies financing specialist equipment from £15,000 upward | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Businesses needing asset finance from small tools to machinery | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Firms wanting broad machinery funding with accessible criteria | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Established companies with strong turnover funding major equipment | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets a lender purchase machinery on your behalf, then you repay the cost plus interest over a fixed term while using the equipment immediately. The machinery itself acts as security, which can help established businesses unlock competitive terms. For firms investing around £300,000 in production lines, CNC machines, or heavy plant, this structure keeps working capital free for day-to-day operations.
Choosing the right asset finance provider for a £300,000 machinery purchase means weighing more than the headline rate. Check whether the lender understands your specific equipment type, as specialist funders often structure deals around asset lifespan and resale value. Compare repayment term flexibility, seasonal payment options, and whether the lender requires additional security beyond the asset. Also review minimum trading history and turnover thresholds, which vary widely across the market.
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: For a £300,000 machinery purchase, monthly rates from 0.99% keep borrowing costs predictable. Reward Funding structures the deal as asset-backed revolving credit, so you can draw again for future equipment needs without reapplying. Funds can land within 24 hours. Expect to cover valuation and legal costs as part of the setup.
Best next step: Check eligibility for low-rate asset finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly rates from just 0.99%
- Revolving facility for repeat purchases
- Funding in as little as 24 hours
Need to know
- Valuation and legal costs may apply
- Security required against the machinery
- Rates can rise with increased utilisation
Expert take
Reward Funding runs a revolving asset finance model suited to businesses that buy machinery regularly. For a £300,000 purchase the low monthly rate band works in your favour, particularly with clean credit and strong trading history.
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 can return a credit decision within 24 hours — critical when a supplier is holding stock or a production line is waiting. For machinery finance at this level, annual rates sit between 11% and 16%, making budgeting straightforward across the lease term. Approval hinges on the asset itself serving as security, which preserves working capital.
Best next step: Compare annual-rate machinery finance options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Credit decision in 24 hours
- Annual rates between 11% and 16%
- Asset secures the borrowing itself
Need to know
- Deposit may be required upfront
- Asset valuation typically needed
- Rates depend on credit profile
Expert take
Liberty Leasing is a specialist asset finance provider that moves at pace. For a £300,000 machinery purchase the speed-to-decision works in your favour, and the annual rate structure gives clarity on total cost over the full term.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Funding machinery deals up to £5 million, Lombard has the balance sheet to handle £300,000 purchases without blinking. Monthly rates range from 4% to 11.5%, and underwriting leans on the asset's value rather than just your balance sheet. A decision typically comes back within 24 hours.
Best next step: Explore Lombard's asset finance rates
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funds up to £5 million per facility
- Asset-led underwriting approach
- Decision often within 24 hours
Need to know
- Monthly rate can reach 11.5%
- Deposit and valuation may be needed
- Strong trading history usually expected
Expert take
Lombard is a long-established asset finance name with deep experience in machinery deals. For a £300,000 purchase the lender's comfort with mid-ticket equipment and asset-led underwriting give you a smoother path to approval.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Annual rates from 5.5% to 13.5% make Time Finance a cost-competitive option for machinery funding, and the lender structures deals to align with asset life. Businesses with unpaid B2B invoices can also tap invoice finance alongside, bridging working-capital gaps while funding new equipment. Decisions come back within 24 hours.
Best next step: Compare annual-rate machinery finance terms
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5.5% to 13.5%
- Decision within 24 hours
- Combined asset and invoice finance available
Need to know
- Asset security and valuation likely required
- Rates depend on credit and asset quality
- Invoice finance arm has separate criteria
Expert take
Time Finance blends asset and invoice finance under one roof, suiting businesses that need machinery funding while managing slow-paying customers. The annual-rate model gives clarity on total cost across the term.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing works with businesses across the credit spectrum, funding equipment from £1,000 upward with annual rates between 5.5% and 13.5%. Decisions can come back in as little as 4 hours — the fastest in this comparison. For a £300,000 machinery purchase, expect underwriting to weigh trading history and asset value carefully.
Best next step: Request a rapid machinery finance quote
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decision possible in 4 hours
- Annual rates from 5.5%
- Funds equipment from £1,000 upward
Need to know
- Strong trading history typically needed
- Asset valuation may be required
- Personal guarantee could be requested
Expert take
Admiral leasing is a fast-moving equipment finance specialist. For a £300,000 machinery purchase the 4-hour decision window is a clear advantage, and annual rates reward stronger credit profiles.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: With institutional backing and facilities stretching to £25 million, Barclays is a heavyweight in machinery finance. Annual rates range from 8.5% to 14.9%, and the bank's asset finance team knows manufacturing, construction, and transport equipment well. Established businesses with solid accounts will find the process familiar, though bank underwriting can be thorough.
Best next step: Speak to Barclays about asset finance
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funds machinery up to £25 million
- Rates from 8.5% annually
- Deep sector knowledge across industries
Need to know
- Bank underwriting can be thorough and slower
- Strong trading history typically expected
- Personal guarantee may be requested
Expert take
Barclays is a high-street bank with a dedicated asset finance division. For a £300,000 machinery purchase, the institutional backing and sector expertise work in established businesses' favour alongside a familiar, if thorough, application process.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: A 24-hour decision window and annual rates from 8% make Acorn Business Finance a practical choice for machinery funding. The lender covers £15,000 to £5 million, and its product set spans asset finance, revolving credit, and term loans — useful if your funding needs extend beyond a single equipment purchase.
Best next step: Get a same-day machinery finance indication
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Annual rates from 8%
- Decision within 24 hours
- Multiple finance products under one roof
Need to know
- Asset security is required for lending
- Strong trading record typically needed
- Valuation costs may fall to you
Expert take
Acorn Business Finance operates as a multi-product lender with a practical approach to asset deals. For £300,000 in machinery finance the 24-hour turnaround and annual-rate structure give you speed and clarity in equal measure.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: Among the lowest headline rates in this comparison, Propel Finance starts annual pricing at 5% for machinery finance. The lender funds equipment from £500 upward and typically delivers within 2 to 5 working days — efficient for planned purchases, though not the fastest turnaround available.
Best next step: Compare low-rate machinery finance from 5%
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Annual rates from as low as 5%
- Funds equipment from £500 upward
- Funding typically within 2 to 5 days
Need to know
- Rate ceiling reaches 20% annually
- Asset valuation likely required
- Not the fastest option on this list
Expert take
Propel Finance is a volume asset funder with a wide 5% to 20% rate band. For a £300,000 machinery purchase, strong credit and quality assets unlock the lowest pricing, making preparation ahead of application worthwhile.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: With facilities spanning £1,000 to £10 million, Aldermore covers the full range of SME equipment needs. Annual rates run from 5% to 15%, and decisions typically land within 48 hours. For a £300,000 machinery purchase, the lender's SME focus means underwriting is accustomed to owner-managed and mid-market businesses.
Best next step: Check Aldermore's machinery finance terms
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funds up to £10 million per facility
- Annual rates from 5%
- SME-focused underwriting approach
Need to know
- Decision takes around 48 hours
- Asset security required throughout term
- Credit profile affects final rate offered
Expert take
Aldermore is a specialist bank built around SME lending. For a £300,000 machinery purchase its mid-market underwriting experience and broad facility range give established businesses a credible alternative to high-street banks.
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 focuses on mid-market businesses turning over £500,000 or more, with bespoke monthly rates from 3.5% to 10% on machinery finance. The lender's specialism in transport, manufacturing, and construction makes it a natural fit for asset-heavy industries where £300,000 equipment purchases are routine. Its facilities stretch up to £100 million.
Best next step: Explore Close Brothers asset finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke rates for mid-market businesses
- Funds up to £100 million per facility
- Deep expertise in asset-heavy sectors
Need to know
- Minimum turnover of £500k typically required
- Monthly rate structure, not annual
- Thorough credit assessment should be expected
Expert take
Close Brothers is a merchant banking group with a long track record in asset finance. For a £300,000 machinery purchase, its sector knowledge in manufacturing and transport gives established mid-market businesses a well-matched funding partner.
Asset Finance Calculator
How asset finance works for £300,000 machinery purchases
Asset finance lets you spread the cost of £300,000 machinery over time rather than paying the full amount upfront. The lender buys the equipment on your behalf, and you repay in fixed instalments over an agreed term. This preserves working capital and keeps your cash flow stable while you put the new machinery to work.
At £300,000, most lenders arrange the facility as a hire purchase or finance lease. With hire purchase, you own the machinery after the final payment. With a lease, the lender retains ownership and you use the asset for the agreed period. The structure you choose affects your balance sheet treatment and tax position, so it is worth discussing both options with your accountant before committing.
Several lenders on this list can fund £300,000 machinery purchases. Reward Funding handles facilities from £100,000 to £5,000,000, while Barclays goes up to £25,000,000. Acorn Business Finance covers £15,000 to £5,000,000, giving you multiple routes to secure the funding you need.
What established businesses need to qualify for £300,000 machinery finance
Lenders want to see that your business can comfortably handle repayments on £300,000 of machinery finance. While criteria vary, most providers on this list expect at least one year of trading history. Close Brothers specifically asks for a minimum of 12 months, and Lombard also requires at least one year.
Turnover expectations differ. Close Brothers looks for businesses turning over at least £500,000. Lombard sets the bar at £25,000, while Aldermore Asset Finance does not enforce a minimum turnover threshold. This spread means businesses of different sizes can find a suitable option for £300,000 machinery finance.
Personal guarantees are common at this funding level. Reward Funding, Liberty Leasing, Time Finance, Aldermore, and Close Brothers all require a personal guarantee from directors. This gives the lender additional recourse if the business cannot meet its obligations. None of the confirmed lenders on this list require homeownership, which keeps the security tied to the machinery itself rather than personal property.
Comparing rates and repayment terms on £300,000 machinery finance
Rates on £300,000 machinery finance vary widely depending on the lender, your credit profile, and the age of the equipment. Some lenders publish annual rates while others quote monthly, so comparing like for like is essential.
For annual rate structures, Liberty Leasing and Admiral Leasing both range from 5.5% to 13.5% per year. Time Finance sits at 5.5% to 13.5% annually, while Aldermore Asset Finance quotes 5% to 15% per year. Barclays runs at 8.5% to 14.9% annually. For monthly rate structures, Reward Funding publishes rates from 0.99% to 3% per month. Lombard quotes 4% to 11.5% per month, and Close Brothers ranges from 3.5% to 10% per month.
Loan terms also differ. Liberty Leasing offers 1 to 5 years, while Admiral Leasing and Aldermore extend to 7 years. Barclays stands out with terms up to 25 years, giving you considerable flexibility on repayment schedules for long-life machinery.
Using machinery as collateral to secure £300,000 asset finance
The machinery itself serves as the primary security for your £300,000 finance facility. This is what makes asset finance accessible: the lender can repossess and sell the equipment if you default, which reduces their risk and often leads to more competitive pricing than unsecured borrowing.
Loan-to-value ratios determine how much you can borrow against the machinery's worth. The table below shows confirmed maximum LTVs from lenders on this list.
| Lender | Maximum LTV |
|---|---|
| Propel Finance | 100% |
| Aldermore Asset Finance | 100% |
| Close Brothers | 90% |
| Reward Funding | 85% |
The type and age of machinery also matter. New equipment with a clear resale value is easier to finance than specialist or heavily depreciated assets. Lenders assess the expected useful life and market demand before agreeing terms. Choosing equipment that holds its value well can help you secure better rates and higher LTV offers on £300,000 machinery finance.
