Top £30,000 Asset Refinance Lenders UK 2026
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Top Lenders for £30,000 Asset Refinance
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Liberty Leasing | Businesses refinancing a single high-value asset | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 2 | Lombard | Refinancing vehicles or plant machinery | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 3 | Reward Funding | More established operators with larger asset portfolios | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 4 | Time Finance | Established firms refinancing multiple assets | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Metro Bank | Businesses preferring a high-street banking option | £2,000 to £25,000,000 | interest 9.6% to 9.6% annually |
| 6 | NatWest Bank | Higher-turnover firms wanting bank-backed refinance | £500 to £10,000,000 | interest 4.5% to 10.5% annually |
| 7 | HSBC Bank | Smaller asset refinance through a major bank | £1,000 to £300,000 | interest 8.6% to 11.3% annually |
| 8 | Lloyds Bank | Straightforward refinance up to £50,000 | £1,000 to £50,000 | interest 10.65% to 11.2% annually |
| 9 | Aldermore Asset finance | Flexible refinance across a range of asset types | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Mid-value asset portfolios starting from £25,000 | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset refinance lets businesses release cash from assets they already own outright. Rather than borrowing to buy new equipment, you use existing machinery, vehicles, or plant as security for a loan. This suits established UK businesses that have built up equity in owned assets and need working capital or growth funding without selling them. At £30,000, it typically covers a single vehicle, a piece of plant machinery, or a small portfolio of owned equipment.
Comparison goes beyond headline rates when choosing an asset refinance lender. The advance rate — the percentage of your asset’s value a lender will release — varies significantly and directly affects how much you can raise. Asset type restrictions matter; some lenders specialise in vehicles while others prefer plant or manufacturing equipment. Repayment terms, early settlement penalties, and whether a personal guarantee is required should all factor in. Minimum loan thresholds become particularly important at the £30,000 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.
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: For businesses that already own machinery, vehicles or equipment outright, Liberty Leasing structures refinance deals against those assets to release working capital. It accepts a broad spread of asset types and funds from £10,000 upwards. Underwriting leans on asset value and condition more than trading history, so firms with well-maintained kit tend to move through quickly. Expect annual interest between 11% and 16%.
Best next step: Check if your owned assets qualify for refinance with Liberty
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Accepts wide range of asset types
- Decisions based on asset value primarily
- Funding available from £10,000
Need to know
- Annual interest runs 11% to 16%
- Asset valuation required before approval
- Early settlement may carry charges
Expert take
A specialist asset funder, Liberty Leasing backs deals others might pass over. Asset-led underwriting works in your favour when refinancing owned machinery or vehicles, particularly where equipment holds strong resale value and you need working capital without selling the asset.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard can price asset refinance from as low as 4% monthly, making it one of the more cost-conscious routes for releasing equity from owned plant, vehicles or machinery. Backed by NatWest Group, it brings institutional funding to mid-market and larger assets. The trade-off is a more thorough credit process that suits businesses with solid financials and detailed asset records.
Best next step: Compare Lombard's asset refinance rates against other funders
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Competitive rates from 4% monthly
- Backed by major banking group
- Large facility ceiling available
Need to know
- Thorough credit assessment process required
- Monthly interest structure applies
- Strong financial records expected
Expert take
A long-established name in UK asset finance, Lombard benefits from NatWest Group backing. Pricing from 4% monthly gives well-documented businesses a cost edge when refinancing higher-value plant or machinery.
Source:https://www.lombard.co.uk/
Reward Funding
Published loan range£100,000 to £5,000,000
Rate typeinterest 0.99% to 3% monthly
Overview: Reward Funding structures asset-backed facilities with a revolving credit model, letting businesses draw and repay against owned assets as working capital needs shift. Monthly rates start under 1%, which rewards strong asset security. This suits seasonal or project-driven firms that want ongoing access rather than a one-off refinance lump sum.
Best next step: Explore Reward Funding for larger revolving asset-backed facilities
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving credit against owned assets
- Monthly rates from 0.99%
- Suits seasonal working capital needs
Need to know
- Minimum facility starts at £100,000
- Legal and valuation costs apply
- Facility limits can be reviewed
Expert take
A revolving-credit asset lender, Reward Funding suits businesses needing ongoing working capital rather than one-off refinance. The flexible drawdown model works well where asset values support a larger facility and cash flow is seasonal or unpredictable.
Source:https://rewardfunding.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Time Finance can turn an asset refinance application around within 24 hours, which matters when working capital cannot wait. Annual rates run from 5.5% to 13.5%, and the facility ceiling stretches to £5 million, so growing businesses are not boxed in. The faster timeline comes with a preference for clean asset profiles and straightforward ownership structures.
Best next step: Get a same-day decision on asset refinance from Time Finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding decision within 24 hours
- Annual rates from 5.5%
- Ceiling reaches £5 million
Need to know
- Clean asset ownership required
- Straightforward profiles preferred
- Annual interest structure applies
Expert take
A fast-moving funder blending invoice and asset finance, Time Finance suits businesses needing decisions in hours, not weeks. The 24-hour refinance turnaround helps firms facing a tight working capital window with unencumbered assets ready to secure.
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 covers asset refinance from £2,000 to £25 million, a spread that signals serious institutional backing. Its fixed annual rate of 9.6% removes the guesswork from cost planning. As a high-street bank, underwriting is thorough and expects strong trading history, but the reward is predictable pricing and a lender built for long-term relationships.
Best next step: Speak to Metro Bank about fixed-rate asset refinance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fixed rate at 9.6% annually
- Wide facility range available
- High-street bank backing
Need to know
- Thorough bank underwriting applies
- Strong trading history expected
- Personal guarantee may be required
Expert take
A high-street bank with an asset finance arm, Metro Bank offers predictable fixed-rate pricing at 9.6% annually. Established businesses that value cost certainty and a relationship-led approach will find the refinance terms straightforward across the facility term.
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 suits established businesses that want asset refinance from a familiar high-street name with competitive annual pricing between 4.5% and 10.5%. Facilities stretch from £500 to £10 million, so both modest and substantial asset-backed needs are covered. Expect full bank underwriting, meaning accounts, trading history and asset documentation all come under review.
Best next step: Apply for NatWest asset refinance at competitive annual rates
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 4.5%
- Broad facility range available
- Major high-street brand
Need to know
- Full bank underwriting required
- Accounts and history scrutinised
- Asset documentation must be thorough
Expert take
NatWest combines high-street reach with a dedicated asset finance division. For established businesses that can meet bank-grade credit standards, annual pricing from 4.5% makes refinancing owned plant or vehicles cost-effective where assets are unencumbered and well-documented.
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: HSBC opens asset refinance to businesses that may not need enormous facilities, with a published range from £1,000 to £300,000. Annual rates sit between 8.6% and 11.3%. As a global bank, its underwriting is disciplined and expects clean credit, but existing HSBC business customers often find the process more joined-up than approaching a new lender.
Best next step: Check HSBC asset refinance terms for existing business customers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 8.6%
- Existing customers get smoother process
- Facilities from £1,000
Need to know
- Disciplined bank underwriting applies
- Clean credit history expected
- Maximum facility caps at £300,000
Expert take
A global bank with conservative underwriting, HSBC rewards existing customers with a smoother refinance journey. Firms already banking with HSBC that need working capital from owned assets benefit from a joined-up relationship during the credit process.
Source:https://www.business.hsbc.uk/en-gb/finance-and-borrowing
Lloyds Bank
Published loan range£1,000 to £50,000
Rate typeinterest 10.65% to 11.2% annually
Overview: Lloyds Bank keeps asset refinance straightforward with annual rates clustered tightly between 10.65% and 11.2% and facilities from £1,000 to £50,000. The narrow pricing band means fewer surprises at offer stage. As one of the UK's largest lenders, it brings institutional stability, though underwriting follows standard bank discipline with full financial review.
Best next step: Speak to Lloyds about predictable-rate asset refinance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Tight pricing band aids planning
- One of UK's largest lenders
- Facilities from £1,000
Need to know
- Standard bank underwriting applies
- Full financial review required
- Maximum facility is £50,000
Expert take
Lloyds Bank pairs high-street stability with narrow refinance pricing that simplifies cost forecasting. For established businesses releasing equity from owned assets, predictable rates and institutional backing offer a reliable route through a familiar banking relationship.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore takes a pragmatic stance on asset refinance, funding everything from sole-trader vehicles to mid-market production lines. Its range spans £1,000 to £10 million with annual rates between 5% and 15%, tightening for well-maintained, higher-value assets. The lender is known for working across transport, construction and engineering.
Best next step: Explore Aldermore's asset refinance options across sectors
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Wide facility range available
- Annual rates from 5%
- Pragmatic across multiple sectors
Need to know
- Pricing varies with asset quality
- Rate band runs 5% to 15%
- Full asset valuation required
Expert take
A specialist asset lender with broad sector appetite, Aldermore takes a pragmatic view on refinance across transport, construction and engineering. Well-maintained assets with clear ownership records tend to price at the sharper end of its annual range.
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 lends to established mid-market firms in transport, manufacturing and construction, with asset refinance facilities from £25,000 into the millions. Pricing is bespoke, with monthly rates falling between 3.5% and 10% depending on asset quality and credit profile. It is a relationship-led lender that expects turnover above £500,000 and clear asset provenance.
Best next step: Speak to Close Brothers about sector-specialist asset refinance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke pricing per deal
- Deep sector expertise offered
- Large facility ceiling available
Need to know
- Minimum turnover £500,000 expected
- Monthly interest structure applies
- Facilities start at £25,000
Expert take
A merchant banking group with deep asset finance roots, Close Brothers favours mid-market transport, manufacturing and construction firms. Bespoke pricing rewards asset-rich businesses with strong turnover, suiting established operators refinancing substantial equipment.
Asset Finance Calculator
How asset refinance works for releasing £30,000
Asset refinance lets you borrow against equipment, vehicles or machinery your business already owns outright. The lender secures the facility against the asset and releases cash you can use for working capital or growth.
At £30,000, your request fits comfortably within most lender ranges. Aldermore Asset Finance accepts facilities from £1,000, while Liberty Leasing starts at £10,000. Close Brothers begins at £25,000, so £30,000 sits just above its minimum. Lombard asks for at least one year of trading and £25,000 in turnover before considering an application.
You continue using the asset as normal while repaying the facility over an agreed term. Ownership remains with you throughout, unlike a sale-and-leaseback arrangement where title transfers to the lender.
What assets you can refinance to raise £30,000
Lenders typically accept a broad range of business assets for refinance. Plant machinery, commercial vehicles, agricultural equipment, printing kit, CNC machines and construction plant all commonly qualify. The asset must be owned outright, free of existing finance, and in working condition.
Age and type matter. Most lenders prefer assets with a clear resale value and a track record in your industry. Specialist or bespoke equipment can still qualify but may attract lower loan-to-value ratios.
Aldermore Asset Finance offers up to 100% LTV on qualifying assets, meaning you could potentially raise £30,000 against an asset valued at £30,000. Close Brothers goes to 90% and Reward Funding to 85%, so asset value needs scale accordingly.
Asset value needed vs a £30,000 refinance facility
The asset value you need depends on the lender's maximum loan-to-value ratio. The table below shows how LTV affects the required asset value for a £30,000 facility.
| Lender LTV example | Asset value needed for £30,000 |
|---|---|
| 100% (Aldermore Asset Finance) | £30,000 |
| 90% (Close Brothers) | ~£33,300 |
| 85% (Reward Funding) | ~£35,300 |
Most asset refinance lenders for this amount sit between 80% and 100% LTV. A sensible rule of thumb is to expect needing assets worth £33,000 to £38,000 to comfortably raise £30,000. Lenders also consider asset depreciation, auction value and ease of resale when setting their advance rate. A well-maintained HGV or popular construction machine may secure a higher LTV than a niche piece of laboratory equipment.
Improving your approval chances for £30,000 asset refinance
Personal guarantees are standard for asset refinance. Liberty Leasing, Reward Funding, Time Finance, Metro Bank, NatWest, HSBC, Lloyds, Aldermore and Close Brothers all require them. Prepare your personal financial position accordingly before applying.
Trading history matters. Lombard expects one year minimum, Aldermore six months. A longer trading record strengthens your application. Turnover thresholds vary across lenders. NatWest asks for £300,000 while Lombard sets the bar at £25,000. Check each lender's requirements before you apply.
Asset documentation speeds decisions. Have purchase invoices, service records and photographs ready. Lenders value evidence of regular maintenance and professional storage. A recent independent valuation can support your case, particularly for specialist equipment where resale markets are less obvious.
