Top 10 Lenders for £500,000 Haulage Finance UK 2026
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Top 10 Lenders for £500,000 Haulage Finance
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established haulage operators scaling fleets with fast asset-backed funding | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Transport firms needing flexible HGV finance with competitive annual rates | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Logistics businesses seeking large-scale vehicle funding from a major lender | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Haulage companies wanting tailored asset finance with clear annual pricing | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Smaller transport operators needing rapid decisions on vehicle leasing | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Larger haulage firms wanting bank-backed asset finance for mixed fleets | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-market transport businesses funding vehicle acquisitions from £15,000 | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | PEAC Solutions | Haulage operators comparing specialist asset finance for fleet renewal | Not published | interest 7% to 14.5% annually |
| 9 | Aldermore Asset finance | Haulage firms wanting flexible vehicle finance from an established UK lender | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Large logistics operators needing bespoke funding for substantial fleet investments | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets haulage businesses acquire vehicles and equipment by spreading the cost over time, with the asset itself serving as security for the funding. This approach works particularly well for transport operators because HGVs, trailers, and specialist logistics equipment hold measurable resale value, making them strong collateral. It preserves working capital that would otherwise be tied up in depreciating assets. For established hauliers, a £500,000 facility can fund multiple tractor units, a fleet refresh, or release equity from existing vehicles through refinancing.
Choosing the right asset finance lender for haulage goes beyond comparing headline rates. A lender's understanding of commercial vehicle residual values directly shapes the terms offered. Deposit requirements typically range from 10% to 20% for HGVs, affecting upfront cash outlay. Repayment structures can be tailored to seasonal haulage income patterns, important for operators with fluctuating demand. Some lenders fund new vehicles only, while others also cover used fleet purchases and refinancing of existing assets.
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: Haulage businesses funding fleet expansion or refinancing existing vehicles can draw on Reward Funding's asset-based facilities from £100,000 to £5,000,000. The revolving credit structure suits transport operators managing seasonal demand shifts, with monthly interest starting at 0.99%. Funding decisions typically arrive within 24 hours. Asset security and valuations apply.
Best next step: Asset-backed funding with revolving drawdown.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving credit for seasonal haulage needs
- Decisions within 24 hours
- Facilities up to £5,000,000
Need to know
- Asset security and valuations required
- Monthly interest from 0.99% to 3%
- Limits may be reviewed periodically
Expert take
A secured asset lender built for repeat funding, Reward suits haulage operators who refinance or acquire vehicles regularly. The revolving structure gives transport firms headroom to draw as contract pipelines shift.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Decisions can land within 24 hours at Liberty Leasing, making this a practical route for haulage firms that need to move quickly on vehicle acquisitions. Facilities span £10,000 to £2,000,000, with annual interest from 11% to 16%. Funding is secured against the asset itself, which helps preserve working capital for day-to-day transport operations. A deposit and asset valuation will typically apply.
Best next step: Quick decisions for vehicle and fleet finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding decisions within 24 hours
- Asset-secured preserves working capital
- Covers vehicle purchases and refinancing
Need to know
- Annual interest from 11% to 16%
- Deposit and valuations typically apply
- Asset eligibility checks required
Expert take
A straightforward asset finance provider, Liberty Leasing moves at speed when haulage operators need to secure vehicles before they are snapped up. The rate band sits higher than some, but quick turnaround can justify it on time-sensitive fleet deals.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard brings institutional backing to haulage asset finance, with facilities reaching £5,000,000 and monthly interest from 4% to 11.5%. As part of the NatWest group, it offers transport businesses a familiar high-street route into fleet funding. Decisions can come through within 24 hours. Asset security is central to the structure, so vehicles serve as the primary collateral for the facility.
Best next step: Institutional asset finance for fleet purchases.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Backed by NatWest group stability
- Facilities up to £5,000,000
- Monthly interest from 4%
Need to know
- Asset used as primary collateral
- Deposit may be required
- Valuation checks on vehicles
Expert take
A bank-backed asset finance house, Lombard is a natural first stop for established hauliers with clean trading histories. The NatWest connection brings pricing confidence, and the £5m ceiling keeps the door open for multi-vehicle fleet orders.
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 blends invoice finance with asset-backed lending, giving haulage firms two levers for fleet funding. Operators with strong B2B debtor books can release cash from unpaid invoices while also financing vehicle purchases. Annual interest runs from 5.5% to 13.5%. Facilities reach £5,000,000. Funding decisions land within 24 hours. Invoice quality and debtor concentration affect terms.
Best next step: Invoice and asset finance under one roof.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Unlocks cash from unpaid invoices
- Combined invoice and asset facilities
- Annual rates from 5.5%
Need to know
- Invoice quality affects pricing
- Debtor concentration may limit advances
- Asset security still required
Expert take
A dual-product lender, Time Finance works well for hauliers whose customers pay on 30-to-90-day terms. The invoice arm turns receivables into working capital while the asset side covers vehicle purchases in one facility.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing can turn around funding decisions in as little as 4 hours, making it one of the fastest routes for haulage operators facing urgent vehicle acquisition deadlines. Equipment leasing starts from £1,000, with annual interest from 5.5% to 13.5%. The speed suits transport firms bidding on time-sensitive contracts where fleet availability is the deciding factor. Strong trading history and affordability evidence are expected.
Best next step: 4-hour decisions for urgent fleet funding.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decisions in as little as 4 hours
- Equipment leasing from £1,000
- Annual rates from 5.5%
Need to know
- Strong trading history expected
- Affordability checks apply
- Personal guarantee may be asked
Expert take
A leasing specialist that prioritises speed, Admiral suits hauliers who spot a vehicle deal and need the finance signed off before it disappears. The four-hour decision window is rare in asset finance and decisive when fleet buying is competitive.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays lends to haulage businesses through asset finance facilities from £1,000 to £25,000,000, with annual interest from 8.5% to 14.9%. As a high-street bank, it brings familiar relationship management and broad product coverage to fleet funding. Decisions typically take 24 hours, though bank underwriting can be more detailed than alternative lenders. Established transport operators with clean credit profiles are the natural fit here.
Best next step: High-street bank asset finance for hauliers.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities up to £25,000,000
- Broad product and sector coverage
- Relationship-managed lending
Need to know
- Bank underwriting is more detailed
- Strong trading history required
- Personal guarantee may apply
Expert take
A mainstream bank with deep asset finance capability, Barclays suits established haulage firms that already bank with them and want lending under one roof. The underwriting is thorough, but transport operators with clean files often get preferential pricing.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Acorn Business Finance structures facilities from £15,000 to £5,000,000, with annual interest from 8% to 15%. Its coverage of specialist sectors makes it a contender for haulage operators with mixed asset needs beyond standard HGVs — trailers, refrigerated units, or loading equipment. Funding decisions come within 24 hours. Asset security, strong trading evidence, and affordability checks underpin the facility.
Best next step: Specialist sector asset finance for fleets.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Covers specialist transport assets
- Facilities up to £5,000,000
- Decisions within 24 hours
Need to know
- Annual interest from 8% to 15%
- Affordability checks required
- Strong trading evidence needed
Expert take
A broker-led asset funder comfortable with specialist sectors, Acorn fits haulage firms whose asset mix goes beyond standard tractor units. Operators running temperature-controlled or specialist trailers often find the sector awareness here valuable.
PEAC Solutions
Published loan rangeNot published
Rate typeinterest 7% to 14.5% annually
Overview: PEAC Solutions prices haulage asset finance from 7% annually, which sits at the sharper end of the market for fleet funding. The product covers vehicle purchases and refinancing, with decisions typically arriving within 24 hours. Asset security is the primary backing for the facility. Borrowers should note the lender does not publish its loan range, so individual terms depend on the application and asset profile.
Best next step: Competitive-rate asset finance for fleet purchases.
More info
Company stats
Rates and debtor rules
Benefits
- Annual rates from 7%
- Covers purchases and refinancing
- Decisions within 24 hours
Need to know
- Loan range not publicly disclosed
- Asset valuation required
- Deposit may be needed
Expert take
A rate-competitive asset funder, PEAC Solutions appeals to haulage operators who have shopped around and want the monthly cost kept low. The lack of published limits means engaging early to see what the facility cap looks like in practice.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore Asset finance spans £1,000 to £10,000,000, covering everything from a single trailer to a full fleet refresh for established haulage operators. Annual interest runs from 5% to 15%, and funding decisions typically take around 48 hours. The lender's SME focus means transport businesses get underwriting that understands mid-market fleet economics rather than retail-style scoring.
Best next step: SME-focused asset finance up to £10 million.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Broad range from £1,000 to £10m
- Annual rates from 5%
- SME-underwritten, not retail-scored
Need to know
- Around 48-hour decision time
- Asset security required
- Higher rates at riskier end
Expert take
A mid-market SME lender, Aldermore fits haulage firms that have outgrown small-ticket funders but are not chasing institutional banking relationships. The £10m ceiling and SME underwriting lens make it a sensible middle ground for growing fleets.
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: For haulage operators turning over £500,000 or more, Close Brothers brings bespoke asset finance from £25,000 to £100,000,000 with monthly pricing starting at 3.5%. The lender's transport sector experience runs deep, spanning manufacturing and construction too. Decisions come within 24 hours. Each facility is priced around the fleet profile and business performance, not a standard rate card.
Best next step: Bespoke mid-market funding for established hauliers.
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
- £500k+ turnover typically expected
- Bespoke pricing not standardised
- Asset security underpins facility
Expert take
A mid-market specialist with genuine transport sector pedigree, Close Brothers is the lender haulage operators graduate to when fleet finance becomes strategic rather than transactional. Pricing is shaped around the whole business, not just the asset.
Asset Finance Calculator
How asset finance works for £500,000 haulage vehicle purchases
For a £500,000 haulage facility, lenders typically structure funding through hire purchase or finance lease agreements. Hire purchase lets you spread the cost of vehicles over a fixed term, with ownership transferring after the final payment. Finance lease keeps the lender as owner while you pay fixed monthly rentals, which suits operators who refresh fleet on a regular cycle.
At £500,000, most facilities are split across multiple assets. A single advance might cover two or three tractor units, several trailers, or a combination of rigids and specialist equipment. Terms range from one year to seven years across most lenders on this list. Barclays can extend terms to as long as 25 years for asset finance, while Admiral Leasing and Close Brothers offer up to seven years. Longer terms reduce monthly outlay on larger fleet investments.
Aldermore Asset Finance can fund up to 100% of the asset value on qualifying deals, though a deposit is typical for most haulage lending at this level.
Interest rates and costs to expect on £500,000 haulage finance
Lender rates on £500,000 haulage finance vary significantly. Some quote monthly, others annually. Reward Funding publishes monthly rates from 0.99% to 3%, while Lombard quotes from 4% to 11.5% per month. Close Brothers sits between 3.5% and 10% per month.
Among lenders quoting annual rates, Aldermore Asset Finance and Admiral Leasing both range from 5% to 15% annually. Time Finance publishes from 5.5% to 13.5% annually, and Barclays quotes from 8.5% to 14.9% annually. Acorn Business Finance and PEAC Solutions fall within similar bands, starting around 7% to 8% annually and reaching up to 15%.
The rate a haulage business receives depends on asset type, deposit size, trading history, and overall credit profile. At £500,000, lenders assess each deal individually, so headline rates are only a starting point.
Deposit requirements and LTV for fleet and HGV finance
Deposits play a key role in £500,000 haulage finance. Most lenders expect a contribution toward the asset cost, though loan-to-value ratios differ. Reward Funding confirms a maximum LTV of 85%, meaning a £75,000 deposit on a £500,000 facility. Close Brothers offers up to 90% LTV, requiring a £50,000 deposit at this level.
Aldermore Asset Finance stands out by offering up to 100% LTV in some cases, potentially removing the deposit requirement entirely for strong applicants. Other lenders do not publish LTV figures, so deposit expectations are negotiated case by case.
For haulage businesses, the deposit can sometimes be covered by part-exchanging existing vehicles, using a vehicle as equity, or releasing cash from owned assets. Lenders view haulage assets like HGVs and trailers as strong collateral because of active secondary markets, which can help secure higher LTV ratios than general equipment finance.
What haulage businesses need to qualify for £500,000 asset-backed funding
Lenders take a sector-aware approach to haulage finance. Close Brothers requires a minimum annual turnover of £500,000, while Lombard asks for at least £25,000. Aldermore Asset Finance accepts businesses trading from six months, and both Lombard and Close Brothers require a minimum of one year.
Most lenders on this list require a personal guarantee from directors. Reward Funding, Liberty Leasing, Time Finance, Aldermore Asset Finance, and Close Brothers all confirm this requirement. None require homeownership as a condition.
Haulage businesses should also be prepared to show an operator's licence, contract pipeline, and fleet maintenance records. At £500,000, lenders may ask for management accounts, vehicle specifications, and evidence of existing customer contracts. A strong track record of haulage operations, even without property security, can support an application at this level.
