Top 10 Lenders for £350,000 Haulage Finance for UK Transport Companies in 2026
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Top 10 lenders for £350,000 haulage finance
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Haulage firms financing multiple HGVs for fleet expansion | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Transport businesses seeking flexible vehicle leasing with annual-rate pricing | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established haulage operators refinancing or growing large truck fleets | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Haulage companies needing annual-rate asset finance for fleet growth | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Smaller transport firms requiring equipment leasing alongside vehicle finance | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Haulage operators preferring high-street bank asset finance at scale | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-sized transport companies financing trailers and specialist haulage assets | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | PEAC Solutions | Haulage firms seeking asset finance with sector-specific lending experience | Not published | interest 7% to 14.5% annually |
| 9 | Aldermore Asset finance | Transport businesses needing flexible asset finance from a specialist lender | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Large-scale haulage fleet operators requiring bespoke finance structures | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets haulage and transport businesses spread the cost of vehicles and equipment over time instead of paying upfront. It replaces large capital outlays with predictable monthly payments, preserving working capital for fuel, maintenance, and driver wages. For UK hauliers, this means funding HGVs, tractor units, and trailers without straining cash reserves. A £350,000 facility can cover several vehicles or a balanced fleet mix, helping operators stay modern and compliant.
Comparing haulage asset finance lenders goes beyond headline rates. Transport businesses should weigh funding speed, as quick decisions keep fleet replacement on schedule. Repayment flexibility matters too, with some lenders offering seasonal or structured terms that align with haulage contract cycles. The lender's experience with commercial vehicle assets can affect how they value HGVs and trailers. Check whether the published loan range comfortably covers £350,000 and whether the rate structure is fixed or variable over the term.
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: Interest starts at 0.99% monthly on asset finance facilities from £100,000 to £5,000,000, which keeps monthly repayments manageable for haulage operators upgrading fleets. Drawdowns can flex with seasonal demand. Security against the vehicles or equipment being financed is required, and legal or valuation costs may apply.
Best next step: Check eligibility for low-rate haulage asset finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low monthly interest from 0.99%
- Flexible drawdown for seasonal demand
- Funding decisions within 24 hours
Need to know
- Security against financed assets required
- Legal and valuation costs may apply
- Limits can be reviewed or withdrawn
Expert take
A secured asset lender with a flexible revolving structure. Haulage firms with clean fleet assets and stable cash flow fit best here. The low starting rate rewards strong credit profiles.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Funds asset finance deals within 24 hours, helping haulage businesses secure HGVs and trailers without lengthy underwriting delays. Facilities range from £10,000 to £2,000,000 with annual interest of 11% to 16%. The finance is tied to specific assets, so deposits or valuations may be needed.
Best next step: Compare asset finance rates for haulage vehicles
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding within 24 hours
- Facilities from £10,000 to £2,000,000
- Preserves cash flow while acquiring assets
Need to know
- Deposits or valuations often needed
- Finance tied to specific vehicles
- Annual interest from 11% to 16%
Expert take
A straightforward asset finance provider with a simple process. Haulage operators who need fast decisions on standard HGV and trailer acquisitions fit well here.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: A longstanding name in UK vehicle finance, Lombard understands haulage fleet structures and funds asset facilities up to £5,000,000. Decisions often land within 24 hours, and monthly interest runs from 4% to 11.5%. Borrowers should expect asset eligibility checks and possible deposit requirements.
Best next step: Explore Lombard's haulage fleet finance options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Up to £5,000,000 in asset funding
- Decisions often within 24 hours
- Longstanding vehicle finance specialist
Need to know
- Asset eligibility checks apply
- Deposits may be required
- Monthly interest from 4% to 11.5%
Expert take
A vehicle finance name with genuine sector knowledge. Transport businesses with good fleet management records get the smoothest experience here.
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 funding with invoice finance under one relationship, which suits haulage firms that need vehicle financing and want to unlock cash tied up in unpaid customer invoices. Facilities reach £5,000,000 with annual interest from 5.5% to 13.5%. Invoice finance costs can rise with usage, and asset funding requires security against the vehicles.
Best next step: See how invoice finance can support haulage cash flow
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combined asset and invoice finance
- Up to £5,000,000 total facilities
- Annual interest from 5.5%
Need to know
- Invoice finance costs can rise with use
- Asset security required for vehicles
- Limits may be reviewed or withdrawn
Expert take
A dual-product lender that understands working-capital cycles. Haulage firms with strong B2B invoices unlock extra liquidity alongside vehicle funding here.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Decisions can land in as little as 4 hours, making Admiral one of the quickest routes to equipment leasing for haulage operators needing rapid fleet expansion. Facilities start from £1,000 with annual interest between 5.5% and 13.5%. Strong trading history and a personal guarantee may be required.
Best next step: Get a rapid equipment leasing decision for haulage
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decisions in as little as 4 hours
- Annual rates from 5.5%
- Equipment leasing from £1,000
Need to know
- Strong trading history expected
- Personal guarantee may be needed
- Asset eligibility and valuation apply
Expert take
A fast-moving equipment lessor suited to urgent fleet needs. Haulage operators needing rapid HGV acquisition will value the 4-hour decision window.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays writes asset finance from £1,000 to £25,000,000, giving haulage businesses room to fund single vehicles or entire fleet replacements without outgrowing the facility. Annual interest ranges from 8.5% to 14.9%. Bank underwriting tends to be more thorough, and affordability evidence or a personal guarantee is often needed.
Best next step: Check Barclays asset finance for haulage fleets
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities from £1,000 to £25,000,000
- Broad product coverage for fleets
- Strong brand and established processes
Need to know
- Thorough bank underwriting applies
- Affordability evidence often needed
- Personal guarantee may be required
Expert take
A mainstream bank with vast lending capacity. Larger, well-established haulage firms with clean financials will find the scale and stability reliable.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Haulage operators with established trading records can access asset finance from £15,000 to £5,000,000 through Acorn Business Finance, with annual interest between 8% and 15%. The lender offers hire purchase, leasing and refinancing options. Affordability evidence and a strong trading history are typically required.
Best next step: Compare hire purchase and leasing for haulage
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities from £15,000 to £5,000,000
- Hire purchase and leasing options
- Annual interest from 8%
Need to know
- Strong trading history required
- Affordability checks are standard
- Security against assets is needed
Expert take
A multi-product asset funder with solid mid-market reach. Haulage operators wanting flexibility across HP, leasing and refinancing will find options here.
PEAC Solutions
Published loan rangeNot published
Rate typeinterest 7% to 14.5% annually
Overview: Annual interest from 7% keeps costs predictable for haulage businesses financing heavy goods vehicles and trailers through asset finance. Funding decisions typically complete within 24 hours. Asset eligibility checks and deposits may be needed, and the lender's focus on tangible asset security means valuations are standard.
Best next step: Check PEAC asset finance rates for HGVs
More info
Company stats
Rates and debtor rules
Benefits
- Annual interest from 7%
- Funding within 24 hours
- Asset finance for vehicles and equipment
Need to know
- Asset eligibility checks apply
- Deposits or valuations may be needed
- Tangible asset security is standard
Expert take
A focused asset funder suited to straightforward HGV and trailer deals. Haulage firms with good-quality vehicles and clear asset values fit the underwriting approach here.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Facilities from £1,000 to £10,000,000 give Aldermore the flexibility to fund anything from a single trailer to a full haulage fleet refresh. Annual interest runs between 5% and 15%, with funding typically completing within 48 hours. Asset security is standard, and the lender will assess vehicle type, age and condition.
Best next step: Explore Aldermore haulage asset finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities from £1,000 to £10,000,000
- Annual rates from 5%
- Funding decisions within 48 hours
Need to know
- Vehicle type and age assessed
- Asset security is standard
- 48-hour funding timeline typical
Expert take
A broad-range lender with SME and mid-market reach. Haulage operators funding mixed fleets benefit from the wide facility band and asset-type flexibility.
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 has deep experience funding mid-market transport and haulage businesses, with facilities from £25,000 to £100,000,000 and bespoke monthly rates from 3.5% to 10%. The lender structures deals around fleet composition and contract quality. This is a relationship-led lender, so the process can be more involved than online-only alternatives.
Best next step: See Close Brothers transport finance options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke rates from 3.5% monthly
- Facilities up to £100,000,000
- Deep transport sector experience
Need to know
- Relationship-led underwriting process
- Fleet composition and contracts assessed
- More involved than online alternatives
Expert take
A relationship-driven lender that underwrites against contract quality. Haulage firms with £500k-plus turnover and dependable customer books get the most tailored terms here.
Asset Finance Calculator
Lease vs hire purchase for UK haulage fleets at £350,000
A £350,000 haulage finance facility works differently depending on whether you choose a lease or hire purchase agreement. Under a finance lease, the lender retains ownership of the HGV or trailer and rents it to your transport business for a fixed term. You never gain legal title, but monthly payments tend to be lower and the asset can sit off your balance sheet.
Hire purchase gives you full ownership once the final instalment clears. This suits haulage operators planning to run trucks for seven years or more. If your fleet strategy involves replacing vehicles every three to four years to control maintenance costs, a lease is often the better fit. Specialist trailers and low-loader equipment you intend to keep long term tend to favour hire purchase. Most lenders on this list offer both structures, so the decision should align with your fleet renewal cycle rather than short-term cash flow alone.
Eligibility thresholds for £350,000 haulage finance
Lenders assessing a £350,000 haulage finance application weigh trading history, turnover, and the quality of the asset. The table below sets out confirmed minimum thresholds for several funders active in the transport sector.
| Lender | Min Annual Turnover | Min Trading History |
|---|---|---|
| Aldermore Asset Finance | £0 | 6 months |
| Lombard | £25,000 | 1 year |
| Close Brothers | £500,000 | 1 year |
Personal guarantees are a standard requirement across most funders. Reward Funding, Liberty Leasing, Time Finance, Aldermore, and Close Brothers all list personal guarantees as a condition of lending. Homeowner status is not required by any lender on this list where that data is confirmed. Loan-to-value caps vary: Aldermore offers up to 100% LTV on qualifying assets, Close Brothers caps at 90%, and Reward Funding at 85%. For haulage firms, the resale strength of HGVs and trailers often works in your favour during credit assessment.
How the right finance structure improves haulage cash flow
A £350,000 haulage finance facility with fixed monthly repayments gives transport operators predictable costs, which matters when fuel prices, driver wages, and maintenance bills fluctuate. Liberty Leasing offers terms from one to five years, while Barclays extends repayment up to 25 years. Matching the term to the expected working life of the vehicle helps avoid paying for an asset long after it leaves the fleet.
Some lenders offer seasonal or stepped payment profiles for haulage businesses with uneven trading cycles. This can ease pressure during quieter months without triggering arrears. Where working capital is tight, a lease with a lower initial outlay preserves cash for fuel cards, insurance, and unexpected repairs. The right structure ties repayments to your haulage income pattern rather than a generic schedule. This alignment is what turns a finance facility from a monthly cost into a genuine fleet capacity tool.
What haulage operators should compare on a £350,000 facility
Headline rates vary significantly across lenders serving the haulage sector. Reward Funding publishes rates from 0.99% to 3% per month, while Liberty Leasing and Time Finance quote annual rates ranging from 5.5% to 16% per year. Close Brothers uses a bespoke model with rates from 3.5% to 10% per month. Because monthly and annual interest compound differently, always request a total repayment figure before comparing offers.
Facility size flexibility also differs. Barclays covers £1,000 to £25,000,000 and Close Brothers handles £25,000 to £100,000,000, so both accommodate £350,000 comfortably. Admiral Leasing and Aldermore both start from £1,000, while Acorn Business Finance begins at £15,000. Beyond the rate and loan size, weigh deposit requirements, early settlement penalties, and balloon payment options. These factors can shift the lifetime cost of haulage finance more than the quoted rate suggests.
