Top 10 £400,000 Haulage Finance Lenders for UK Transport Companies in 2026
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Top 10 UK Haulage Finance Lenders at £400,000
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Haulage firms funding multiple HGVs or fleet expansion | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Transport operators seeking structured vehicle finance agreements | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established haulage businesses needing large-scale vehicle funding | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Haulage companies looking for flexible repayment structures | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Smaller transport firms starting with single-vehicle finance | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Haulage operators preferring bank-backed HGV asset finance | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-sized haulage firms financing commercial vehicle fleets | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Haulage startups needing entry-level vehicle asset finance | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Transport businesses trading six months seeking vehicle finance | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Well-established haulage firms with strong annual turnover | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets a lender buy vehicles on your behalf while you repay the cost in fixed instalments over an agreed term. For UK haulage and transport companies, this structure works well because HGVs and lorries serve as their own security, keeping other credit lines free. It is a practical route to funding fleet additions without draining working capital, whether acquiring a single tractor unit or scaling to a £400,000 fleet purchase.
Choosing the right haulage finance partner means looking beyond the headline rate. Compare the total repayment cost, including arrangement fees and any balloon payment options that reduce monthly outgoings. Check whether the lender understands commercial vehicle assets, as specialist transport funders often offer better residual-value terms and flexible end-of-agreement choices. Deposit requirements typically range from 10% to 30%, so factor that into your cash planning before applying.
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: Reward Funding covers facilities from £100,000 to £5 million, so a £400,000 haulage deal is routine rather than exceptional. They fund HGVs, trailers and commercial vehicles through asset finance with monthly rates between 0.99% and 3%. Flexible drawdown suits fleets buying in batches across the year. The trade-off: you will need suitable security and may face valuation costs.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Asset finance preserves working capital for operations
- Flexible drawdown suits seasonal fleet purchases
- Large facility range covers growing fleets
Need to know
- Requires suitable security and possible valuations
- Rates vary by asset type and credit profile
- May involve legal or arrangement costs
Expert take
A flexible asset lender comfortable with mid-to-large facilities. For a £400,000 haulage deal, their drawdown structure works well if you are adding vehicles in stages rather than one block purchase.
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% make Liberty Leasing a straightforward fixed-rate option for haulage firms financing HGVs and commercial vehicles. They fund from £10,000 to £2 million through asset finance, with a 24-hour decision window. A £400,000 fleet purchase lands comfortably in their core lending band. The trade-off: asset finance here is tied to specific vehicles and may require a deposit.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fixed annual rates simplify budgeting
- Quick 24-hour funding decisions
- Funds HGVs and commercial vehicles
Need to know
- Tied to specific vehicles as security
- May need a deposit or valuation
- Rates depend on credit profile
Expert take
A direct asset finance provider with a clean annual-rate model. Haulage firms benefit from predictable repayment costs when financing a £400,000 vehicle package, and asset eligibility checks are straightforward for standard HGVs.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard has deep experience funding transport and haulage fleets, making them a natural fit for a £400,000 HGV finance requirement. They can fund up to £5 million across asset finance facilities, with monthly rates from 4% to 11.5%. Decisions typically come within 24 hours. The trade-off: asset eligibility checks and possible deposits apply to all transactions.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Longstanding transport sector experience
- Facilities go up to £5 million
- Fast 24-hour decision turnaround
Need to know
- Asset eligibility checks are required
- Deposits likely on larger transactions
- Monthly rate structure applies
Expert take
A well-established name in transport asset finance. Haulage operators with strong asset profiles tend to get sharper pricing here, making a £400,000 fleet purchase a comfortable fit.
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 helps haulage firms fund vehicles while unlocking cash tied up in unpaid customer invoices. Annual rates run from 5.5% to 13.5% on facilities up to £5 million. A £400,000 HGV purchase can be structured alongside working capital support. The trade-off: costs may rise with usage and limits can be reviewed.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combines asset and invoice finance
- Annual rates aid cash-flow forecasting
- Facilities reach up to £5 million
Need to know
- Limits may be reviewed or adjusted
- Costs can increase with facility usage
- Invoice quality affects eligibility
Expert take
A blended finance provider that suits haulage firms needing both vehicle funding and working capital. The dual-product approach can smooth cash flow when customer payment terms stretch beyond 30 days.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Funding decisions in as little as four hours make Admiral leasing one of the quicker options for haulage firms needing to move fast on a £400,000 vehicle purchase. They offer equipment leasing from £1,000 upwards with annual rates between 5.5% and 13.5%. The trade-off: strong trading history and possibly a personal guarantee may be required for larger facilities.
Best next step: Visit lender
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decisions possible within four hours
- Annual rates start from 5.5%
- Covers equipment and vehicle leasing
Need to know
- Personal guarantee may be required
- Strong trading history expected
- Larger deals face tighter checks
Expert take
A speed-focused equipment lessor. Haulage operators needing rapid commitment on a £400,000 deal will value the four-hour decision window, and underwriting expectations remain proportionate at this deal size.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays brings bank-grade asset finance to haulage operators, with facilities from £1,000 to £25 million and annual rates between 8.5% and 14.9%. They fund commercial vehicles alongside broader banking services, and a £400,000 HGV purchase sits at a common deal size for their business team. The trade-off: bank underwriting can be slower and stricter than alternative lenders, with affordability evidence expected.
Best next step: Visit lender
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Bank-backed stability and brand trust
- Facilities available up to £25 million
- Broad commercial vehicle coverage
Need to know
- Stricter underwriting than alternative lenders
- Affordability evidence likely required
- Personal guarantee may be needed
Expert take
A high-street bank with deep transport sector reach. Established haulage firms with clean credit files tend to find Barclays competitive, and the application process brings the thoroughness expected of a bank.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: A facility range of £15,000 to £5 million puts Acorn Business Finance in reach for haulage firms financing a single HGV or a full £400,000 fleet package. Annual rates sit between 8% and 15%, with decisions typically within 24 hours. They cover asset finance alongside revolving credit and term loans. The trade-off: strong trading history and security will be expected.
Best next step: Visit lender
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Broad facility range suits mixed fleets
- 24-hour decision turnaround
- Multiple funding products available
Need to know
- Security and valuations likely needed
- Strong trading history expected
- May require a personal guarantee
Expert take
A multi-product broker-style funder. Haulage operators benefit from choice across asset finance and term loans, with underwriting that rewards solid trading records and asset quality.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: Annual rates starting from 5% make Propel Finance worth comparing for cost-conscious haulage firms funding a £400,000 vehicle purchase. They offer asset finance from just £500, covering HGVs and commercial vehicles, with a funding window of two to five days. The trade-off: their rate band stretches to 20%, so final pricing depends heavily on asset profile and credit strength.
Best next step: Visit lender
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Rates start competitively at 5%
- Low minimum entry at £500
- Covers HGVs and commercial vehicles
Need to know
- Rates can reach 20% for weaker profiles
- Funding takes two to five days
- Asset eligibility checks apply
Expert take
A volume-focused asset funder with a wide rate spread. Haulage firms with strong credit and newer vehicles can access attractive pricing, while those with weaker profiles should expect rates toward the upper band.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: UK transport businesses regularly turn to Aldermore for asset finance, with facilities from £1,000 to £10 million and annual rates between 5% and 15%. They lend across the haulage sector and a £400,000 facility is a common deal size for their transport team. Funding completes within 48 hours. The trade-off: product fit for asset finance needs confirming against your specific vehicle profile.
Best next step: Visit lender
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Proven transport sector support
- Facilities reach £10 million
- Rates from 5% annually
Need to know
- Product fit varies by asset type
- 48-hour funding timeline
- Underwriting checks apply to all deals
Expert take
A bank-backed lender with genuine transport sector appetite. Haulage operators with clean asset profiles benefit from competitive annual rates and a facility ceiling that accommodates fleet growth.
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 facilities from £25,000 to £100 million, with a £400,000 haulage deal falling squarely in their mid-market sweet spot. Monthly rates range from 3.5% to 10%, shaped around the asset and business profile. They have a strong transport and manufacturing focus. The trade-off: they target established firms with turnover above £500,000.
Best next step: Visit lender
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke facility structures available
- Strong transport sector expertise
- Facilities scale to £100 million
Need to know
- Minimum £500k turnover likely expected
- Monthly rather than annual rates
- Established trading history required
Expert take
A mid-market specialist with deep transport and manufacturing roots. Established haulage firms with strong financials get tailored structures here, and the minimum turnover threshold keeps the focus on operators with proven track records.
Asset Finance Calculator
How asset finance works for £400,000 haulage companies
Asset finance for haulage lets you spread the cost of HGVs and commercial vehicles over time rather than paying upfront. At £400,000, this typically covers a small fleet or several high-spec tractor units. The lender purchases the asset and you repay it in fixed instalments, with the vehicle itself serving as security.
For haulage firms, this approach preserves working capital for fuel, driver wages, and ongoing fleet maintenance. Hire purchase gives you ownership at the end of the term, while a finance lease keeps monthly payments lower with no ownership transfer. Which structure suits you depends on whether you want the asset on your balance sheet and how your business handles VAT on commercial vehicles.
Deposit requirements and repayment terms for £400,000 HGV finance
Most lenders funding £400,000 in haulage assets will ask for a deposit of 10% to 30% of the vehicle cost. This means putting down roughly £40,000 to £120,000. Lenders offering higher loan-to-value ratios can reduce this upfront commitment. Aldermore Asset Finance and Propel Finance both offer up to 100% LTV, meaning no deposit may be needed. Reward Funding caps at 85% LTV, and Close Brothers at 90% LTV.
Repayment terms for haulage assets typically range from 1 to 7 years. Longer terms reduce monthly outgoings but increase total interest paid. Lenders such as Aldermore and Admiral Leasing offer terms up to 7 years, giving you flexibility to match the term to the expected working life of the vehicle.
Qualifying for £400,000 haulage finance as a limited company
Lenders assess limited company haulage firms on trading history, turnover, and director backgrounds. Aldermore Asset Finance accepts businesses trading from just 6 months with no minimum turnover, which helps newer operators get started. Lombard requires at least 12 months of trading and £25,000 in turnover. Close Brothers sets a higher threshold at £500,000 turnover and 12 months trading, suiting established fleets with strong financials.
Most lenders on this list ask for a personal guarantee from directors, including Reward Funding, Liberty Leasing, Aldermore, and Close Brothers. This means you are personally liable if the company defaults. Homeownership is not required by any lender that confirms this field, which is good news for directors who rent or do not own residential property.
Comparing lenders for £400,000 transport fleet finance
When comparing lenders for £400,000 of haulage finance, look at the rate structure first. Reward Funding quotes 0.99% to 3% per month on an interest basis. Lombard publishes 4% to 11.5% per month. Liberty Leasing and Admiral Leasing both sit in the 5.5% to 16% annual range. Barclays quotes 8.5% to 14.9% annually and Close Brothers uses bespoke rates from 3.5% to 10% per month.
Also compare maximum facility sizes. Several lenders cap at £5,000,000 including Reward Funding, Lombard, Time Finance, and Acorn Business Finance. Aldermore goes to £10,000,000 and Close Brothers to £100,000,000. At £400,000 you are well within every lender's range, but checking the upper limit matters if you plan to expand your fleet later.
