Top £30,000 Equipment Finance Lenders in the UK for 2026
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Top 10 Equipment Finance Lenders for £30,000
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Liberty Leasing | Businesses wanting a specialist funder for mid-range equipment purchases | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 2 | Lombard | Established SMEs needing competitive-rate equipment finance at £30,000 | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 3 | Reward Funding | More established businesses with equipment finance needs above £100,000 | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 4 | Time Finance | SMEs seeking transparent annual-rate equipment finance for machinery | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Smaller businesses needing accessible equipment leasing from low entry points | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Businesses preferring a high-street bank for equipment purchases | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Lloyds Bank | SMEs wanting a familiar bank for equipment purchases up to £50,000 | £1,000 to £50,000 | interest 10.65% to 11.2% annually |
| 8 | Acorn Business Finance | Growing businesses seeking equipment finance from £15,000 with competitive pricing | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 9 | Aldermore Asset finance | Startups and younger firms needing accessible asset finance from £1,000 | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Established businesses with strong revenues seeking bespoke equipment funding | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Equipment finance, or asset finance, is a funding arrangement where a lender provides capital to purchase business equipment, with the equipment itself serving as security for the borrowing. For UK businesses investing in machinery, vehicles, or operational kit, it preserves working capital by spreading costs across the asset's useful life. A £30,000 facility sits at a practical level — large enough for meaningful purchases without overextending repayment obligations.
Comparison goes beyond headline rates. For £30,000 equipment finance, check whether a lender's loan range comfortably covers this amount — some specialists set minimums above it. Look at whether rates are fixed or bespoke, as this shapes repayment certainty. Confirm which asset types the provider funds; not all cover the same equipment categories. Approval timelines matter when kit is needed urgently. Trading history and turnover requirements also vary widely between high-street banks and specialist funders.
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: A funding decision in 24 hours makes Liberty Leasing a practical choice when equipment suppliers are waiting for green light before delivery. It writes asset finance from £10,000 to £2,000,000, funding against the machinery or vehicle you are buying. Rates start around 11% annually, which is higher than mainstream bank pricing but typical for specialist asset-backed lending.
Best next step: Check eligibility and get indicative terms.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fast 24-hour funding decisions
- Finance from £10,000 to £2 million
- Asset-backed, preserves cash flow
Need to know
- Rates from 11% to 16% annually
- Asset must meet lender criteria
- Deposit or part payment may apply
Expert take
A specialist asset funder that prioritises equipment value over perfect credit history. For a £30,000 equipment purchase, the speed and asset focus work in your favour if the kit holds strong resale value.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard, part of NatWest Group, brings bank-grade credibility to equipment finance, funding assets up to £5,000,000. Monthly rates range from 4% for the strongest credits, and funding decisions often land within 24 hours. Expect more detailed affordability checks than you would face with a non-bank funder.
Best next step: Compare with other asset finance lenders.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Backed by NatWest Group stability
- Funding up to £5,000,000 available
- Decisions within 24 hours
Need to know
- Monthly rates 4% to 11.5%
- Bank-style affordability checks apply
- May require stronger trading history
Expert take
A high-street bank asset finance arm with deep lending capacity. For a £30,000 equipment purchase, brand strength and 24-hour decisions are the standout features for businesses with solid trading records.
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 finance from £100,000, with monthly rates starting below 1% for well-qualified borrowers. It funds within 24 hours and can reach £5,000,000 for larger capital programmes. A single £30,000 equipment purchase would need combining with other assets to meet the entry threshold.
Best next step: Best for larger or bundled equipment deals.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly rates from under 1%
- Funding up to £5,000,000
- 24-hour decision turnaround
Need to know
- Minimum facility from £100,000
- Larger equipment packages only
- Asset security required throughout
Expert take
A flexible asset lender built for mid-to-large facilities with competitive monthly pricing. Sub-1% rates reward bundling several assets into one facility when a single £30,000 machine falls short of the £100,000 minimum.
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 pairs equipment funding with invoice finance, a combination that helps B2B firms match asset repayments to the rhythm of customer payments. It can fund up to £5,000,000, with annual rates from 5.5% and decisions within 24 hours. The blended structure adds paperwork but eases month-to-month cash flow.
Best next step: Explore blended asset and invoice funding.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Rates from 5.5% annually
- Funding up to £5,000,000
- Blends asset and invoice finance
Need to know
- Suits B2B invoice-led businesses
- Combined structures add complexity
- Asset and receivables both assessed
Expert take
A hybrid funder that links equipment finance to trade receivables, suiting B2B firms with strong invoices. For a £30,000 equipment purchase, the blended model can smooth repayments if your customers take 30 to 90 days to pay.
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 just £1,000, making it accessible for smaller or first-time asset purchases where other funders set higher minimums. Funding can complete in as little as four hours, and annual rates begin at 5.5%. Expect the underwriting to lean on the asset's resale value and your trading record.
Best next step: Check rates for your equipment type.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding from as little as £1,000
- Decisions in as little as 4 hours
- Annual rates from 5.5%
Need to know
- Asset type affects rate offered
- Trading history will be reviewed
- Not all equipment types accepted
Expert take
A low-minimum equipment lessor that opens the door for smaller asset purchases. For a £30,000 piece of kit, the four-hour decision speed is a genuine edge if the equipment type matches its appetite.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays funds equipment across nearly every sector, from construction plant to medical kit, with facilities stretching from £1,000 to £25,000,000. Annual rates run 8.5% to 14.9%, and decisions land within 24 hours for straightforward applications. Bank underwriting means trading history and affordability get a closer look than with non-bank funders.
Best next step: Apply directly or through your relationship manager.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Sector-wide equipment coverage
- Funding from £1,000 to £25 million
- Brand stability and branch access
Need to know
- Bank-grade affordability checks
- Trading history weighs heavily
- Rates 8.5% to 14.9% annually
Expert take
A high-street clearing bank with deep equipment finance capacity across most asset classes. For a £30,000 purchase, the broad sector appetite is a plus, with fuller financial disclosure expected as part of standard bank underwriting.
Lloyds Bank
Published loan range£1,000 to £50,000
Rate typeinterest 10.65% to 11.2% annually
Overview: Lloyds Bank prices equipment finance from 10.65% annually with a tight band up to 11.2%, giving cost certainty that variable-rate facilities cannot match. It funds asset purchases from £1,000 to £50,000 and typically turns around decisions within 48 hours. The rate clarity comes with fuller bank-grade underwriting.
Best next step: Speak to a Lloyds relationship manager.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Narrow rate band, 10.65% to 11.2%
- Facilities from £1,000 to £50,000
- Fixed-rate cost certainty
Need to know
- 48-hour typical turnaround
- Full bank underwriting required
- Existing customers may get priority
Expert take
A clearing bank with a transparent, tight pricing range on equipment finance. For a £30,000 purchase, the rate certainty from 10.65% to 11.2% helps budget accurately; the 48-hour turnaround is slightly slower than some specialist funders.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Acorn Business Finance gets equipment deals approved within 24 hours, funding asset purchases from £15,000 to £5,000,000. Annual rates land between 8% and 15%, shaped by asset type and credit profile. It covers specialist and premium finance lines, though niche equipment often means rates lean toward the upper end of its band.
Best next step: Request a quote for your equipment type.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- 24-hour decision turnaround
- Funds from £15,000 to £5 million
- Broad sector and asset coverage
Need to know
- Rates 8% to 15% annually
- Asset quality drives final terms
- Some specialist kit may need review
Expert take
A multi-sector asset finance broker with wide lender access and quick turnaround. For a £30,000 equipment purchase, the breadth of its panel increases your chance of finding a fit, especially for niche or specialist machinery.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore writes equipment finance from £1,000 to £10,000,000, a range that spans small tooling upgrades through to heavy plant and production lines. Annual rates start at 5% and decisions typically take 48 hours. The bank's SME focus helps, though the turnaround and full affordability review mean it suits planned purchases rather than urgent replacements.
Best next step: Enquire about rates for your equipment type.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Wide range, £1,000 to £10 million
- Annual rates from as low as 5%
- SME-focused underwriting approach
Need to know
- 48-hour decision timeframe
- Full affordability assessment needed
- Asset type influences rate offered
Expert take
A specialist SME bank with one of the broadest equipment finance ranges available. For a £30,000 purchase, the 5% entry rate is compelling if your business meets its affordability thresholds and the asset holds strong value.
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 brings bespoke underwriting to equipment finance, with facilities starting at £25,000 and terms shaped around asset type and sector. Monthly rates range from 3.5% and it funds within 24 hours. Its deep expertise in transport, manufacturing, and construction shows in how it underwrites specialist plant, though firms below £500,000 turnover rarely meet its credit threshold.
Best next step: Best for established mid-market businesses.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke terms for each deal
- Deep sector expertise in-house
- Funding from £25,000 upwards
Need to know
- £500k+ turnover typically needed
- Monthly rates 3.5% to 10%
- Mid-market focus, not startups
Expert take
A long-established merchant bank with genuine sector specialists in transport, manufacturing, and construction. For a £30,000 equipment purchase, it suits firms turning over £500k or more that value a relationship-led approach over price alone.
Asset Finance Calculator
How equipment finance works for a £30,000 purchase
Equipment finance lets you spread the cost of £30,000 worth of business assets over time rather than paying upfront. The asset you buy acts as security for the lender, which usually means rates are more competitive than unsecured borrowing.
You can choose between hire purchase and leasing. With hire purchase, you own the asset after the final payment. With a lease, you pay to use the equipment and may return it, extend the term, or buy it at the end depending on the agreement.
Most lenders on this list can fund £30,000 comfortably. Liberty Leasing starts at £10,000, while Barclays and Aldermore accept facilities from as little as £1,000. Admiral leasing also begins from £1,000, making it accessible even if your equipment needs are slightly below £30,000.
Because the equipment secures the loan, lenders typically focus on the asset's value and your ability to meet monthly payments rather than demanding lengthy trading histories.
What equipment you can finance for £30,000
At £30,000, you can finance a broad range of business equipment. Common purchases include commercial vehicles, manufacturing machinery, agricultural kit, printing equipment, IT hardware, office fit-outs, and professional catering equipment.
The lender will assess whether the asset holds resale value and has a clear serial number or identification. Standard equipment with a strong second-hand market tends to attract lower rates.
Lombard and Close Brothers both specialise in higher-value asset finance, with Close Brothers starting at £25,000. If your equipment costs slightly less than £30,000, lenders like Aldermore and Barclays can accommodate from £1,000 upwards. Lloyds Bank caps its asset finance at £50,000, so a £30,000 facility sits well within its range.
Specialist or bespoke machinery may require a larger deposit. Soft assets like IT equipment often carry shorter maximum terms because they depreciate faster than heavy machinery or vehicles.
Repayment terms and rates for £30,000 equipment finance
Term lengths for £30,000 equipment finance vary across lenders. Most offer between one and seven years, though some stretch further for qualifying assets.
| Lender | Term range | Rate band (per year) |
|---|---|---|
| Liberty Leasing | 1 to 5 years | 11% to 16% |
| Admiral leasing | 1 to 7 years | 5.5% to 13.5% |
| Barclays | 1 to 25 years | 8.5% to 14.9% |
| Lloyds Bank | 1 to 10 years | 10.65% to 11.2% |
| Aldermore | 1 to 7 years | 5% to 15% |
Shorter terms mean higher monthly payments but less total interest. Some lenders offer seasonal or stepped payment plans. If your business has uneven cash flow, ask whether flexible repayments are available before you commit.
How to strengthen your £30,000 equipment finance application
Lenders look at three things when you apply for £30,000 equipment finance: your trading history, the asset you are buying, and your ability to repay.
Most asset finance providers expect at least six months of trading. Aldermore requires a minimum of six months, while Lombard and Close Brothers ask for at least one year. If you are a newer business, a personal guarantee will almost certainly be required. Liberty Leasing, Time Finance, Lloyds Bank, Aldermore, and Close Brothers all require one.
Your deposit also matters. Aldermore can fund up to 100% of the asset value, meaning no deposit is needed. Close Brothers offers up to 90% LTV, and Reward Funding goes to 85%. Putting down a larger deposit can improve your chance of approval and may reduce your rate.
Prepare your last six months of bank statements and a simple business plan showing how the £30,000 equipment will generate revenue. Lenders want to see that the asset will pay for itself.
