Top 10 £30,000 Machinery Finance Lenders UK 2026
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Top 10 lenders for £30,000 machinery finance compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Liberty Leasing | Businesses seeking straightforward machinery finance with quick decisions | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 2 | Lombard | Established businesses wanting flexible repayment structures | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 3 | Reward Funding | More suited to larger equipment purchases above £100,000 | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 4 | Time Finance | Businesses preferring annual interest rates on machinery finance | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Smaller machinery purchases needing rapid funding turnaround | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Lloyds Bank | Businesses with existing bank relationships seeking machinery finance | £1,000 to £50,000 | interest 10.65% to 11.2% annually |
| 7 | Barclays | Established businesses seeking bank-backed machinery finance | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 8 | Rivers Leasing | Mid-range machinery purchases with monthly repayment options | £5,000 to £100,000 | interest 4% to 11.5% monthly |
| 9 | Aldermore Asset finance | Younger businesses needing accessible machinery finance options | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Well-established businesses with strong turnover seeking bespoke terms | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets businesses spread the cost of machinery over time rather than paying upfront. The equipment itself secures the borrowing, which often means more competitive pricing than an unsecured loan. For UK businesses that need new or replacement kit, this structure helps preserve working capital while putting essential assets to work immediately. With £30,000, a typical use might be a CNC machine, a commercial vehicle, or a specialised production line upgrade.
Choosing the right lender means looking beyond the headline rate. Total borrowing costs include arrangement fees, documentation charges, and early settlement penalties, all of which vary between providers. Repayment flexibility matters: some lenders offer seasonal payment structures, while others stick to fixed monthly instalments. Asset finance terms typically run from two to seven years, directly affecting your monthly outflow. Lender appetite for used machinery can also differ, so check what asset ages each provider will fund.
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: Liberty Leasing typically turns around machinery finance applications within 24 hours, so a purchase need not stall while you wait for a decision. It lends against equipment, vehicles and production assets, with annual rates from 11% to 16%. The trade-off is that pricing sits at the higher end of the specialist asset finance market.
Best next step: Compare machinery finance offers through Funding Agent
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fast 24-hour funding turnaround
- Lends against varied machinery types
- Preserves working capital for operations
Need to know
- Rates higher than some competitors
- Asset serves as security for the loan
- May require a deposit contribution
Expert take
A specialist asset funder that moves at the pace smaller businesses often need when replacing or adding machinery. For a £30,000 equipment purchase, the speed-to-decision works in your favour.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard can price machinery finance from 4% monthly, which makes it one of the more cost-competitive names in asset-backed lending for equipment purchases. It is a well-established funder with facilities reaching £5 million. The catch is that the lowest rates typically go to businesses with strong credit profiles and newer assets.
Best next step: See your machinery finance options with Lombard
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Competitive rates for strong applicants
- Backed by a major UK lender
- Facilities available up to £5 million
Need to know
- Best rates require strong credit
- Asset age may affect terms offered
- Deposit may be required
Expert take
A heavyweight in UK asset finance whose pricing model rewards lower-risk transactions. For a £30,000 machinery purchase, the rate band means a well-maintained asset and solid trading history could secure terms near the lower end.
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, so it suits businesses bundling multiple pieces of equipment or financing a larger production line. Monthly rates start at 0.99%, among the lowest in the market. For businesses needing only one machine, the minimum deal size is the main barrier.
Best next step: Explore larger equipment finance through Reward Funding
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Very low monthly rates from 0.99%
- Flexible drawdown structure available
- Suitable for larger machinery investments
Need to know
- Minimum facility size is £100,000
- Asset must meet eligibility criteria
- Legal or valuation costs may apply
Expert take
A flexible asset funder whose pricing and structure work well for established businesses making sizeable machinery investments. For a £30,000 requirement, it only becomes relevant if you are financing several assets together or scaling up shortly.
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 writes asset finance alongside invoice finance, which can help manufacturers who need machinery funding while also unlocking cash tied up in unpaid invoices. Annual rates range from 5.5% to 13.5%, with facilities reaching £5 million. The dual-product approach may require more paperwork than a standalone asset facility.
Best next step: Check machinery finance rates with Time Finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combines asset and invoice finance
- Annual rates from 5.5%
- Facilities up to £5 million available
Need to know
- Dual-product setup means more paperwork
- Invoice quality affects overall terms
- Asset valuation may be required
Expert take
A hybrid funder blending asset and invoice finance under one roof, useful for manufacturing and engineering firms. For a £30,000 machinery purchase, the combined offering can ease cash flow if you are also carrying unpaid customer invoices.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: From £1,000 upwards, Admiral Leasing writes equipment finance with decisions in as little as four hours — the fastest turnaround on this list. Annual rates range from 5.5% to 13.5%. The trade-off is that rapid approvals often require clean credit and straightforward asset profiles.
Best next step: Get rapid machinery leasing quotes
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding decisions in four hours
- Leasing available from £1,000
- Annual rates start at 5.5%
Need to know
- Fast approvals need clean credit
- Asset type may affect eligibility
- Lease terms vary by equipment age
Expert take
A speed-focused leasing specialist built for businesses that cannot afford downtime while waiting for finance decisions. For a £30,000 machinery lease, a clean credit profile unlocks the full benefit of that four-hour turnaround.
Lloyds Bank
Published loan range£1,000 to £50,000
Rate typeinterest 10.65% to 11.2% annually
Overview: If you value a familiar banking relationship, Lloyds Bank writes asset finance from £1,000 to £50,000 with annual rates between 10.65% and 11.2%. Funding decisions typically take 48 hours. The main caveat is that bank underwriting can be more thorough than alternative lenders, so paperwork expectations are higher.
Best next step: Compare Lloyds Bank machinery finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Backed by a trusted high-street bank
- Predictable annual rate structure
- Existing customers may get faster decisions
Need to know
- Bank underwriting can be thorough
- Trading history may be scrutinised
- 48-hour turnaround on decisions
Expert take
A familiar high-street name whose asset finance sits within a broader business banking relationship. For a £30,000 machinery purchase, the rate band is transparent; expect a more formal process than with a specialist funder.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: With a lending band stretching from £1,000 to £25 million, Barclays can fund a single machine or an entire factory refit under the same asset finance framework. Annual rates span 8.5% to 14.9%, with decisions possible within 24 hours. The breadth of the book means smaller deals may receive less bespoke attention.
Best next step: See Barclays machinery finance options
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Massive facility range up to £25m
- Decisions possible within 24 hours
- Well-established banking relationship
Need to know
- Smaller deals get less bespoke service
- Credit assessment can be detailed
- Asset age and type affect terms
Expert take
A universal bank whose asset finance arm can handle anything from a single lathe to a factory refit. For a £30,000 machinery purchase, the infrastructure and rate range are solid; the experience may feel less tailored than with a niche funder.
Rivers Leasing
Published loan range£5,000 to £100,000
Rate typeinterest 4% to 11.5% monthly
Overview: For machinery purchases between £5,000 and £100,000, Rivers Leasing offers a straightforward asset finance structure with monthly rates from 4% to 11.5%. Funding decisions take around 48 hours. The trade-off is that it is not the fastest option on this list for urgent equipment needs.
Best next step: Check Rivers Leasing machinery terms
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding range suits typical machinery buys
- Straightforward asset finance structure
- UK-based specialist lender
Need to know
- Decisions take around 48 hours
- Asset must meet lender criteria
- Monthly rate structure applies
Expert take
A mid-market asset finance specialist whose lending band aligns naturally with the kind of machinery purchases most SMEs make. For a £30,000 equipment deal, the fit is straightforward; expect to wait a couple of days for a decision.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore covers asset finance from £1,000 to £10 million, with annual rates between 5% and 15%. Its appetite spans sole traders through to mid-market firms, making it a flexible option for machinery purchases across different business sizes. Funding decisions typically land within 48 hours, which is standard rather than standout for the asset finance market.
Best next step: Explore Aldermore machinery finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Accepts a broad range of business sizes
- Annual rates start from 5%
- Facilities available up to £10 million
Need to know
- 48-hour decision turnaround
- Rate depends on credit and asset
- May require full financial disclosure
Expert take
A versatile funder whose wide lending band and appetite for different business sizes make it a dependable generalist. For a £30,000 machinery purchase, the annual rate structure and broad borrower acceptance work in your favour.
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 is a long-established name in UK asset finance, lending from £25,000 to £100 million with bespoke pricing that reflects each deal's risk profile. Monthly rates start around 3.5% for well-qualified borrowers. The lender is particularly known in transport, manufacturing and construction. The trade-off is that smaller machinery deals may not be its core focus.
Best next step: Check Close Brothers machinery finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Decades of asset finance experience
- Bespoke pricing for each deal
- Deep sector knowledge in manufacturing
Need to know
- Minimum facility size is £25,000
- Pricing is tailored, not standardised
- Best suited to established businesses
Expert take
A heritage asset finance house with deep expertise in manufacturing, transport and construction. For a £30,000 machinery purchase, the bespoke approach means terms are shaped around your business rather than pulled from a rate card.
Asset Finance Calculator
What is £30,000 machinery finance and how does it work?
Machinery finance is a type of asset finance designed specifically for purchasing equipment. Rather than paying the full £30,000 upfront, your business spreads the cost over an agreed period.
The machinery itself acts as security for the lender. This means you do not need to offer additional assets such as property to secure the funding. If you default, the lender can reclaim the equipment.
Most lenders structure £30,000 machinery finance as either a hire purchase or a finance lease. With hire purchase, you own the machinery once the final payment clears. With a lease, you use the equipment for a fixed term and may have options to extend, return, or buy at the end.
Because the asset secures the borrowing, machinery finance is often easier to access than unsecured business loans. Lenders focus more on the equipment value and your ability to make repayments than on your trading history alone.
How £30,000 machinery finance differs from other business funding
Unlike an unsecured business loan, machinery finance ties the borrowing directly to the equipment you are buying. The lender pays the supplier and you repay in instalments. This structure gives lenders more confidence, often resulting in lower rates than unsecured alternatives.
A term loan of £30,000 might require stronger trading history and higher turnover. By contrast, machinery finance approval leans heavily on the asset value and your repayment capacity. Aldermore, for example, accepts businesses with as little as six months of trading and no minimum turnover for asset finance.
Unsecured business loans also tend to carry higher interest because there is no asset backing. With machinery finance, the equipment itself reduces lender risk, which can mean more competitive pricing.
Because the asset valuation drives the deal, machinery finance can often complete faster than a fully underwritten term loan.
Typical terms and rates for £30,000 machinery finance
At £30,000, you sit comfortably within most lender ranges. Several providers accept facilities from £1,000, so your borrowing amount is well supported.
Annual rates for £30,000 of machinery finance typically fall between 5% and 16%. Liberty Leasing publishes rates from 11% to 16% annually, while Aldermore starts from 5% annually. Lloyds Bank offers a narrower band at 10.65% to 11.2% annually for its asset finance product.
Repayment terms typically range from one to seven years. Admiral leasing offers terms up to seven years, which can help reduce monthly payments on a £30,000 facility.
Most lenders require a personal guarantee. Liberty Leasing, Aldermore, Lloyds Bank, and Time Finance all ask for one. Few require homeownership.
| Lender | Rate (annual) | Min loan | Max term |
|---|---|---|---|
| Liberty Leasing | 11% to 16% | £10,000 | 5 years |
| Aldermore | 5% to 15% | £1,000 | 7 years |
| Lloyds Bank | 10.65% to 11.2% | £1,000 | 10 years |
| Barclays | 8.5% to 14.9% | £1,000 | 25 years |
| Admiral leasing | 5.5% to 13.5% | £1,000 | 7 years |
How to compare lenders for £30,000 machinery finance
Start by checking the rate type. Some lenders quote monthly rates, others annual. Lombard and Close Brothers both publish monthly rates, while Liberty Leasing, Time Finance, and Aldermore use annual figures. Always convert to the same period before comparing.
Next, look at the deposit requirement. Not every lender publishes a deposit percentage, but the loan-to-value ratio gives a clue. Aldermore offers up to 100% LTV, meaning no deposit may be needed. Close Brothers caps at 90%, so expect to put down at least 10%.
Check minimum turnover and trading history requirements if your business is newer. Aldermore accepts businesses from six months old with no turnover threshold, while Close Brothers asks for £500,000 in annual turnover.
Finally, consider term length. Longer terms reduce monthly payments but increase total interest. Barclays extends up to 25 years for asset finance, far longer than most. Admiral leasing and Aldermore both cap at seven years, which is more typical for machinery.
