Top £350,000 Equipment Finance Lenders UK 2026
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Top £350,000 Equipment Finance Lenders Compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established businesses funding heavy machinery over £100,000 | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Mid-market businesses needing £350,000 for vehicle fleets | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established firms seeking flexible asset finance up to £5 million | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Larger equipment purchases with competitive annual-rate structures | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Wide-range equipment leasing from smaller to mid-size assets | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Established businesses wanting a high-street bank option | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-to-large equipment finance across diverse asset types | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Included for comparison; broad asset finance from £500 | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Asset finance across a wide lending spectrum up to £10 million | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | More established operators with turnovers above £500,000 | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Equipment finance, also called asset finance, lets a lender purchase the equipment your business needs while you repay the cost over an agreed term. The asset itself acts as security, which can make this funding more accessible than unsecured borrowing. For established businesses, it preserves working capital while unlocking essential machinery, vehicles, or production equipment. At £350,000, this level of funding typically supports heavy plant, commercial vehicle fleets, or manufacturing line acquisitions.
Comparing top equipment finance lenders for £350,000 goes beyond the headline rate. The agreement structure — hire purchase versus finance lease — affects ownership, tax treatment, and cash flow in materially different ways. A half-point rate difference at this level shifts total repayments by thousands. Lender appetite for your specific asset also varies, with specialists focusing on construction plant or transport. Deposit requirements, funding speed, and the lender’s track record with mid-market equipment all merit close attention.
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: Funding up to £5 million through asset finance, Reward Funding suits established businesses acquiring heavy machinery, commercial vehicles or production equipment. Its revolving credit structure gives you flexible drawdown against the asset rather than a rigid term loan. Approval can come within 24 hours. Expect to provide suitable security and cover any valuation or legal costs as part of the arrangement.
Best next step: Check eligibility and get indicative terms through Funding Agent.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving credit linked to asset value
- Funding approved within 24 hours
- Covers refinancing as well as new purchases
Need to know
- Security and valuations typically required
- Monthly interest from 0.99% to 3%
- Limits may be reviewed or withdrawn
Expert take
A secured asset lender built for mid-to-large facilities. For a £350,000 equipment purchase, the flexible drawdown structure works well if you want ongoing access to capital rather than a one-off advance.
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 quotes annual rates between 11% and 16% on asset finance facilities from £10,000 to £2 million, giving cost clarity from the outset. The lender funds equipment, vehicles and machinery purchases quickly, often within a day. Because funding is secured against the asset itself, you preserve working capital. Deposits and asset valuations may be required as part of the underwriting.
Best next step: Compare annual-rate asset finance through Funding Agent.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual interest rate for easy comparison
- Preserves cash flow against the asset
- Funding often within 24 hours
Need to know
- Deposits and valuations may apply
- Annual rates from 11% to 16%
- Facility tied to specific assets
Expert take
A straightforward asset finance shop with transparent annual pricing. A £350,000 equipment deal benefits from speed and simplicity; the rate you land on will reflect the asset type and your trading profile.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: A 24-hour funding turnaround puts Lombard in reach when you need to move quickly on a £350,000 equipment purchase. The lender covers facilities up to £5 million for buying or refinancing machinery, vehicles and other productive assets. As part of the NatWest Group, Lombard brings institutional backing and well-established underwriting. Bear in mind the asset secures the facility, so expect standard eligibility checks and valuation requirements.
Best next step: Explore Lombard asset finance options through Funding Agent.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Same-day funding decision possible
- Backed by NatWest Group stability
- Covers both purchase and refinance
Need to know
- Asset valuation required for underwriting
- Monthly interest from 4% to 11.5%
- Standard eligibility checks apply
Expert take
A bank-backed asset funder with deep underwriting capability. The institutional backing and fast turnaround make this a strong contender for an established business financing £350,000 of plant or commercial vehicles.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Time Finance pairs asset finance with invoice finance under one roof, which suits businesses that need equipment funding alongside working capital management. Facilities reach £5 million, with annual rates from 5.5% to 13.5%. The revolving structure means you draw against assets or invoices as your needs shift. Approval arrives within 24 hours in many cases. Limits can be adjusted or reviewed as your usage pattern evolves.
Best next step: See combined asset and invoice finance options with Funding Agent.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Asset and invoice finance combined
- Revolving drawdown against usage
- Decisions often within 24 hours
Need to know
- Rates from 5.5% to 13.5% annually
- Limits subject to periodic review
- Invoice quality affects eligibility
Expert take
A dual-product lender bridging equipment and working capital needs. For a £350,000 equipment purchase, the combined facility structure helps if your cash flow is tied up in unpaid invoices while you are also acquiring assets.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing funds equipment from as little as £1,000 and scales to larger facilities with competitive annual rates starting at 5.5%. Funding decisions can land within four hours, making this one of the faster routes for a £350,000 equipment finance request. The lender expects strong trading history and affordability evidence for larger amounts. Expect asset-backed security and possible personal guarantee requirements at this facility size.
Best next step: Request Admiral leasing terms through Funding Agent.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding decision in as little as 4 hours
- Rates from 5.5% annually
- Covers equipment across most sectors
Need to know
- Strong trading history expected
- Personal guarantee may be required
- Asset-backed security is standard
Expert take
A fast-moving equipment lessor that favours established trading businesses. The four-hour decision window helps if your £350,000 equipment deal is time-sensitive, and underwriting scrutiny is proportionate to the facility size.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Established businesses with a solid trading record fit Barclays' asset finance profile well. The bank lends from £1,000 to £25 million for heavy equipment, commercial vehicles or manufacturing plant, with annual rates between 8.5% and 14.9%. Bank underwriting is thorough, so prepare for detailed affordability checks. Your trading history and the asset offered as security will influence both approval and pricing.
Best next step: Compare Barclays asset finance through Funding Agent.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- High-street bank with broad reach
- Facilities up to £25 million
- Covers multiple asset classes
Need to know
- Thorough bank underwriting applies
- Annual rates from 8.5% to 14.9%
- Detailed affordability checks required
Expert take
A mainstream clearing bank with asset finance depth. For a £350,000 equipment purchase, the brand stability and multi-asset capability suit established businesses that already have a banking relationship and can meet full underwriting standards.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Acorn Business Finance funds asset purchases from £15,000 to £5 million, with annual rates between 8% and 15%. The lender writes facilities for equipment, vehicles and machinery across sectors including construction, transport and manufacturing. A 24-hour funding window keeps the process moving, though stronger trading history and affordability evidence carry weight for larger facilities. Security is tied to the asset being financed.
Best next step: Get Acorn Business Finance terms through Funding Agent.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities available up to £5 million
- Funding decision within 24 hours
- Covers construction and transport sectors
Need to know
- Annual rates from 8% to 15%
- Trading history carries weight
- Asset secures the facility
Expert take
An independent asset finance broker-lender with wide sector coverage. A £350,000 equipment deal fits comfortably within its appetite, particularly for construction or transport firms with a solid trading record.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: Propel Finance quotes annual rates from 5% to 20% on asset finance, with facilities starting at £500 and scaling to larger equipment purchases. The lender funds machinery, vehicles and business equipment across most UK sectors. Funding typically lands within two to five days rather than overnight, so factor that into your timeline. The asset itself secures the facility, and standard eligibility checks apply.
Best next step: Compare Propel Finance rates through Funding Agent.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Annual rates starting from 5%
- Covers most equipment types
- Facilities from £500 to large scale
Need to know
- Funding takes 2 to 5 days
- Annual rates up to 20% possible
- Standard asset security applies
Expert take
A flexible asset funder with a broad rate spectrum. The competitive entry rate rewards strong credit profiles; your £350,000 equipment finance rate will depend on asset type, sector and trading history.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore Asset Finance turns around funding within 48 hours and lends from £1,000 to £10 million, putting a £350,000 equipment purchase well within scope. Annual rates range from 5% to 15%, and the lender works with SMEs across a broad spread of sectors. As a specialist bank, Aldermore blends high-street stability with faster decision-making than traditional clearing banks. Standard asset security and eligibility checks apply.
Best next step: Explore Aldermore asset finance through Funding Agent.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding within 48 hours
- Rates from 5% annually
- Lends up to £10 million
Need to know
- Standard asset security required
- Annual rates up to 15%
- Eligibility checks apply
Expert take
A specialist bank that bridges the gap between high-street lenders and independent funders. The 48-hour turnaround and £10 million ceiling make it a solid match for an established business funding £350,000 of equipment.
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 structures bespoke asset finance from £25,000 to £100 million, with rates quoted on a deal-by-deal basis starting around 3.5% monthly. The lender focuses on established mid-market businesses in transport, manufacturing and construction. Funding decisions land within 24 hours for well-prepared applications. This is a relationship-led lender, so expect deeper underwriting and a tailored facility rather than an off-the-shelf product.
Best next step: Request Close Brothers terms through Funding Agent.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke pricing for larger deals
- Funding up to £100 million
- Deep sector expertise in transport
Need to know
- Bespoke rates, not standard pricing
- £500k+ turnover typically expected
- Relationship-led underwriting applies
Expert take
A mid-market institution with serious firepower. The bespoke approach rewards businesses with strong trading records, and a £350,000 equipment purchase in transport or manufacturing sits squarely in their sweet spot.
Asset Finance Calculator
How Equipment Finance Works at the £350,000 Threshold
At £350,000, your equipment finance will typically be structured as a hire purchase or finance lease agreement. The lender buys the asset on your behalf and you repay the cost plus interest over an agreed term, usually between one and seven years. At this level, lenders may offer more flexible structuring than with smaller facilities. The equipment itself serves as security, which means lenders focus more on the asset's value and your ability to service the debt than on other collateral.
Common equipment types financed at this scale include heavy machinery for manufacturing, commercial vehicles for haulage fleets, construction plant such as excavators and bulldozers, printing presses, and specialist production line equipment. Some lenders will also consider soft assets like IT infrastructure, though hard assets with strong resale value tend to attract more competitive rates.
Hire Purchase vs Finance Lease for £350,000 Equipment
Both routes are common at the £350,000 level, and the right choice depends on how you plan to use the asset and your accounting preferences.
With hire purchase, you make fixed monthly payments over an agreed term and own the asset outright once the final payment is made. This route suits businesses that intend to keep the equipment long term and claim capital allowances. You may need to pay VAT upfront on the full amount, which on £350,000 is a significant cash flow consideration.
With a finance lease, the lender retains ownership and you rent the asset for a fixed period. At the end, you can extend the lease, return the equipment, or sell it and share the proceeds. Lease payments are typically fully deductible against profit, and VAT is spread across the rental period rather than paid upfront. Many businesses financing £350,000 worth of equipment lean towards leasing for the cash flow and tax advantages.
Eligibility Criteria for £350,000 Equipment Finance
For a facility of this size, lenders look for established trading history and stable financials. Close Brothers and Lombard both require at least one year of trading. Aldermore asks for a minimum of six months, making it one of the more accessible options for younger businesses at this level.
Turnover expectations vary considerably. Close Brothers sets a higher bar at £500,000 minimum annual turnover, while Lombard requires £25,000. Aldermore publishes no minimum turnover requirement, which broadens access for businesses with modest revenue but strong asset requirements.
A personal guarantee is standard across most asset finance lenders at this scale. Reward Funding, Liberty Leasing, Time Finance, Aldermore, and Close Brothers all require a director's guarantee. This means you are personally liable if the business defaults. Homeownership is not typically a requirement for equipment finance, even at £350,000. Lenders will also assess the asset itself — its value, expected lifespan, and resale potential all influence the final decision.
How to Compare Lenders for £350,000 Equipment Finance
Rate structures vary significantly across the market, so comparing the total cost over the full term matters more than any headline figure. Reward Funding publishes rates from 0.99% to 3% per month. Lombard and Close Brothers quote monthly rates too, with Lombard ranging from 4% to 11.5% and Close Brothers from 3.5% to 10%.
On the annual rate side, Liberty Leasing sits at 11% to 16%, while Barclays publishes 8.5% to 14.9%. Aldermore and Time Finance both fall within the 5% to 15% annual range, with Acorn Business Finance at 8% to 15%. Propel Finance stretches from 5% to 20% annually, reflecting a broader risk appetite.
Beyond rates, check the loan-to-value ratio. Close Brothers offers up to 90% and Aldermore up to 100%, meaning you could finance the full equipment cost in some cases. Term lengths also differ: Aldermore and Admiral Leasing both offer up to seven years, while Liberty Leasing caps at five. Longer terms reduce monthly payments but increase total interest over the life of the agreement.
