Top 10 Lenders for £350,000 Asset Finance in 2026
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Top 10 Lenders for £350,000 Asset Finance — Compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established businesses financing high-value plant or machinery | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Mid-to-large equipment purchases with flexible asset coverage | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established firms funding vehicles, plant, or production equipment | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Businesses needing flexible terms on six-figure equipment finance | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Businesses comparing equipment leasing rates across the market | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Established businesses wanting asset finance from a high-street bank | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Businesses comparing broker-led asset finance for larger assets | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Included for comparison; covers a broad spread of asset values | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Businesses seeking a challenger bank option for asset-backed funding | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | More established operators with strong turnover seeking bespoke finance | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance is a funding arrangement where a lender buys the equipment, vehicle, or machinery your business needs and you repay the cost over a fixed term, with the asset itself acting as security. For established businesses, it preserves working capital while unlocking high-value assets that directly generate revenue. At £350,000, this type of borrowing typically covers heavy plant, commercial vehicle fleets, production line machinery, or specialist industrial equipment.
Comparing lenders for £350,000 asset finance goes beyond headline rates. Term length shapes your monthly commitment, with most agreements spanning one to seven years. Deposit requirements vary between 10 and 30 per cent of the asset value. Lender specialism matters too: some focus on heavy plant, others on vehicle fleets or manufacturing equipment. The provider's upper facility limit is equally relevant, as not every lender routinely handles six-figure agreements.
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 equipment and vehicle purchases, Reward Funding structures facilities up to £5 million with monthly rates from 0.99% to 3%. Funding decisions typically land within 24 hours. The lender covers machinery, vehicles and productive assets. The trade-off is that asset security is required and valuation or legal costs can apply.
Best next step: Compare asset finance for equipment and vehicles
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly rates from 0.99%
- Decisions often within 24 hours
- Flexible drawdown for repeat purchases
Need to know
- Asset security required throughout the term
- Valuation or legal costs may apply
- Rates vary with facility structure
Expert take
A flexible lender built for mid-sized and larger asset transactions. For a £350,000 equipment or vehicle purchase, competitive monthly rates and a revolving structure make repeat funding straightforward.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Annual rates from 11% to 16% keep costs predictable on Liberty Leasing's asset finance, which spans £10,000 to £2 million. Funding is linked to a tangible asset, helping preserve cash flow during repayment. Decisions land within 24 hours. The trade-off is that deposits or asset valuations may be needed for larger facilities.
Best next step: Check annual-rate asset finance for equipment purchases
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 11%
- Funding decisions within 24 hours
- Asset-backed lending preserves cash flow
Need to know
- Deposits may be needed on larger deals
- Asset valuation checks apply
- Finance tied to a specific asset
Expert take
A straightforward asset finance provider with annual-rate pricing. A £350,000 equipment or vehicle purchase benefits from predictable repayment costs and an asset-backed structure that keeps the facility simple.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Funding decisions within 24 hours make Lombard a practical choice for businesses that need to move quickly on equipment or vehicle purchases. Monthly rates range from 4% to 11.5%, with facilities reaching £5 million. The lender has deep experience in hard asset funding. The trade-off is that asset eligibility checks and potential deposits apply.
Best next step: Explore fast asset finance for machinery and vehicles
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Decisions typically within 24 hours
- Facilities available up to £5 million
- Covers equipment, vehicles and machinery
Need to know
- Asset eligibility checks are required
- Deposits may apply to some facilities
- Monthly rate structure applies throughout
Expert take
A long-standing UK asset finance name with substantial balance sheet capacity. A £350,000 transaction benefits from fast decision-making and a product range rooted in hard asset and equipment funding.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Businesses needing working capital alongside equipment funding may find Time Finance's blended model a practical fit. Annual rates run from 5.5% to 13.5%, with total funding up to £5 million across asset and invoice-backed facilities. The revolving structure adapts to repeat purchases. The trade-off is that invoice quality and debtor concentration affect facility terms.
Best next step: Review asset and working capital finance options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual-rate pricing for predictability
- Revolving structure adapts to usage
- Combined asset and invoice options
Need to know
- Invoice quality affects facility terms
- Limits can be reviewed or adjusted
- Deposits may apply on asset funding
Expert take
A hybrid lender blending asset finance with invoice-backed working capital. A £350,000 facility suits businesses that purchase equipment regularly and need cash-flow support between customer payments.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: A 4-hour funding turnaround makes Admiral Leasing one of the faster routes to securing equipment or vehicle finance. Annual rates run from 5.5% to 13.5%, with facilities starting at £1,000 and scaling upward. The lender also covers property-backed and term loan products. The trade-off is that strong trading history and affordability evidence are typically required.
Best next step: See if fast asset funding suits your purchase
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding possible within 4 hours
- Annual rates from 5.5%
- Covers equipment, vehicles and machinery
Need to know
- Strong trading history typically required
- Personal guarantee may be requested
- Asset valuations and deposits apply
Expert take
A speed-focused asset finance provider with a broad product set. A £350,000 equipment purchase gains from the quick turnaround and annual-rate pricing that keeps repayment costs straightforward.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: From £1,000 to £25 million, Barclays' asset finance covers a wide spectrum of equipment, vehicle and machinery purchases. Annual rates range from 8.5% to 14.9%. The bank's mainstream backing brings brand certainty and deep lending capacity. The trade-off is that bank underwriting can be slower and stricter than alternative finance providers.
Best next step: Compare bank-backed asset finance for your business
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Broad equipment and vehicle coverage
- Facilities up to £25 million
- Backed by a major UK bank
Need to know
- Bank underwriting can be slower
- Strong trading history expected
- Personal guarantee may be required
Expert take
A mainstream clearing bank with deep lending capacity and product breadth. A £350,000 asset purchase suits established businesses that can meet bank-grade affordability and trading-history requirements.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Established businesses funding equipment, vehicles or machinery can access Acorn Business Finance's facilities from £15,000 to £5 million, with annual rates from 8% to 15%. Decisions typically land within 24 hours. The lender also offers revolving credit and term loans. The trade-off is that security and affordability checks are standard for larger facilities.
Best next step: Check rates for equipment and vehicle finance
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Annual rates from 8%
- Facilities up to £5 million
- 24-hour decision turnaround
Need to know
- Security requirements apply to facilities
- Affordability evidence is expected
- Personal guarantee may be requested
Expert take
A specialist finance house with a wide product set spanning asset, term and acquisition funding. A £350,000 facility benefits from annual-rate pricing and 24-hour decisions, backed by a lender accustomed to mid-range and larger transactions.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: With a minimum facility of just £500, Propel Finance keeps the entry threshold low while funding equipment and vehicle purchases up to much larger amounts. Annual rates range from 5% to 20%, with funding taking 2 to 5 days. The trade-off is that rates can tilt toward the higher end for more complex transactions.
Best next step: Explore flexible asset finance from £500 minimum
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Low minimum facility from £500
- Annual rates starting at 5%
- Covers equipment, vehicles and machinery
Need to know
- Funding takes 2 to 5 days
- Rates rise for complex transactions
- Asset valuations and deposits apply
Expert take
An accessible asset finance provider with a notably low entry threshold. A £350,000 purchase suits businesses that value a straightforward application process and can work within a 2-to-5-day funding window.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore's asset finance arm funds equipment, vehicle and machinery purchases from £1,000 to £10 million, with annual rates between 5% and 15%. Funding decisions typically take 48 hours. The challenger bank model offers an alternative to high-street underwriting. The trade-off is that affordability and asset eligibility checks apply as standard.
Best next step: Review asset finance from a challenger bank
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5% to 15%
- Facilities reach up to £10 million
- Challenger bank with asset expertise
Need to know
- Funding decisions take around 48 hours
- Asset eligibility checks are standard
- Affordability assessment is required
Expert take
A challenger bank with a dedicated asset finance arm and significant lending headroom. A £350,000 equipment or vehicle purchase gains from a 48-hour turnaround and annual-rate pricing that balances speed with cost.
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: Mid-market transport, manufacturing and construction firms access Close Brothers' asset finance from £25,000 to £100 million, with bespoke monthly rates from 3.5% to 10%. The lender's sector knowledge runs deep, particularly for heavy equipment and commercial vehicle funding. The trade-off is that businesses below £500,000 turnover are less likely to qualify.
Best next step: Check eligibility for mid-market asset funding
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Deep sector knowledge in key industries
- Facilities up to £100 million
- Bespoke pricing for each facility
Need to know
- £500k minimum turnover typically expected
- Bespoke rates mean no standard pricing
- Asset and affordability checks are rigorous
Expert take
A mid-market specialist with genuine depth in transport, manufacturing and construction. A £350,000 facility aligns with their minimum deal size, and the bespoke pricing rewards businesses with strong financials.
Asset Finance Calculator
What Assets Can You Finance with £350,000 in Asset Finance
At this funding level, asset finance covers a broad range of business-critical purchases. Lenders routinely fund heavy plant machinery, commercial vehicles including HGVs and specialist fleet, manufacturing equipment, agricultural machinery, and construction plant. Office fit-outs, IT server infrastructure, and medical or dental equipment also fall comfortably within scope.
Most lenders consider both new and used assets, though used equipment may require a larger deposit. The asset itself acts as security, so the lender will assess its resale value and expected lifespan before approving the facility. For a £350,000 requirement, providers such as Lombard, with a maximum facility of £5,000,000, and Close Brothers, funding up to £100,000,000, regularly finance single high-value items or entire equipment packages across multiple assets.
Deposits, Terms and Repayments for £350,000 Asset Finance
For a £350,000 asset finance facility, most lenders expect a deposit between 10% and 30% of the asset value. This means budgeting for an upfront payment of £35,000 to £105,000. Some lenders offer greater flexibility. Propel Finance and Aldermore Asset Finance both publish up to 100% loan-to-value, which can reduce or eliminate the deposit requirement on certain deals.
Repayment terms for this funding amount typically range from one to seven years. Liberty Leasing offers terms between one and five years, while Admiral Leasing extends to seven years. Acorn Business Finance provides flexibility with terms starting from as little as three months. Shorter terms mean higher monthly payments but lower total interest costs. A £350,000 facility repaid over five years will keep monthly commitments manageable for most established businesses while controlling the overall cost of borrowing.
Comparing Interest Rates on £350,000 Asset Finance
Rates for £350,000 asset finance vary by lender and asset type. Annual rates range from 5% to 20% across this list. Propel Finance publishes rates from 5% to 20% annually, while Time Finance and Admiral Leasing both sit in the 5.5% to 13.5% annual range. Barclays quotes 8.5% to 14.9% annually, and Acorn Business Finance publishes rates from 8% to 15% annually.
Some providers quote monthly instead. Reward Funding publishes rates from 0.99% to 3% monthly, while Close Brothers offers bespoke rates between 3.5% and 10% monthly. Lombard sits in the 4% to 11.5% monthly band.
Your actual rate depends on the asset type, its depreciation profile, your trading history, and the deposit size. Newer assets with strong resale value attract lower rates. A personal guarantee is required by several lenders on this list, including Reward Funding, Liberty Leasing, Time Finance, Aldermore, and Close Brothers.
How £350,000 Asset Finance Compares to Secured Loans and Leasing
For a £350,000 equipment or vehicle purchase, asset finance is not your only option. A secured business loan uses existing business assets or property as security and may offer longer terms. Barclays, for example, offers terms up to 25 years on asset finance, which blurs the line between asset-backed lending and longer-term secured borrowing. However, secured loans typically require a stronger balance sheet and more extensive underwriting.
Operating leases offer an alternative where you never own the asset. This suits businesses wanting to refresh equipment regularly without tying up capital. Hire purchase, by contrast, gives you ownership at the end of the term and is the most common structure for asset finance at this level.
For most businesses spending £350,000 on revenue-generating equipment, hire purchase or finance lease through a specialist asset finance lender delivers the best balance of manageable monthly payments, fixed rates, and eventual ownership.
