Top 10 Lenders to Secure a £50,000 Asset Refinance in 2026
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Top £50,000 Asset Refinance Lenders Compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Liberty Leasing | Business owners refinancing vehicles or machinery to raise £50,000 | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 2 | Lombard | Established businesses seeking fast asset refinance from 12 months trading | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 3 | Reward Funding | Included for comparison; suits larger refinance needs above £100,000 | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 4 | Time Finance | Business owners refinancing diverse equipment with annual interest rates | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Metro Bank | Established firms comparing bank-sourced asset refinance at fixed rates | £2,000 to £25,000,000 | interest 9.6% to 9.6% annually |
| 6 | NatWest Bank | Higher-turnover businesses weighing bank-backed asset refinance options | £500 to £10,000,000 | interest 4.5% to 10.5% annually |
| 7 | Barclays | Businesses exploring asset refinance through a high-street banking partner | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 8 | HSBC Bank | Firms seeking bank-led asset refinance on smaller equipment tickets | £1,000 to £300,000 | interest 8.6% to 11.3% annually |
| 9 | Close Brothers | More established operators needing bespoke refinance from £25,000 | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
| 10 | Aldermore Asset finance | Younger businesses refinancing assets with six months trading history | £1,000 to £10,000,000 | interest 5% to 15% annually |
Asset refinance lets a UK business unlock cash from assets it already owns outright, such as vehicles, plant machinery, or specialist equipment, by using them as security for a new finance agreement. It suits established businesses that want to raise working capital without selling essential operational assets. For many, freeing up £50,000 through asset refinance provides a practical way to fund growth, manage cash flow, or invest in new opportunities without disrupting day-to-day operations.
Comparing asset refinance lenders goes beyond headline rates. Loan-to-value ratios dictate how much you can borrow against each asset, typically 70% to 80% of a qualified valuation, varying between providers. Rate structures differ: some quote annual interest, others use monthly rates, so confirm total cost over the full term. Term length, early settlement penalties, and personal guarantee requirements all affect true cost and risk. A lender familiar with your asset class will typically deliver smoother underwriting.
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.
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Annual interest from 11% to 16% gives a clear cost picture when refinancing vehicles, plant or machinery to release £50,000. Liberty Leasing typically funds within 24 hours of valuation sign-off, keeping the process short. The rate sits above high-street bank pricing, but the underwriting leans on the asset rather than exhaustive trading history.
Best next step: Check asset eligibility within 24 hours.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Transparent annual interest rates
- Funding within 24 hours
- Asset-led underwriting approach
Need to know
- Rates higher than bank lending
- Asset valuation required upfront
- Not for businesses without owned assets
Expert take
A specialist asset finance house that moves at speed. For a £50,000 refinance, the asset-led approach keeps things simpler than bank underwriting, and same-day decisions are common once the valuation lands.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Funding in as little as 24 hours makes Lombard a practical choice when you need to refinance existing assets quickly. The lender works across a broad range of equipment and vehicles, structuring repayments to match asset life. Monthly interest applies, so calculating the true annual cost before committing is essential.
Best next step: Compare monthly versus annual rate structures carefully.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fast 24-hour funding turnaround
- Broad asset type acceptance
- Repayments aligned to asset life
Need to know
- Monthly interest rate structure
- Valuation needed on all assets
- Check APR equivalent before signing
Expert take
A long-established asset funder with reach across most equipment classes. The monthly rate pricing is unconventional — work the annual equivalent before comparing, but the speed and asset coverage are hard to fault for a £50,000 refinance.
Source:https://www.lombard.co.uk/
Reward Funding
Published loan range£100,000 to £5,000,000
Rate typeinterest 0.99% to 3% monthly
Overview: Reward Funding structures asset refinance with flexible drawdown terms, suiting businesses that may need to release further capital from assets over time. Monthly rates from 0.99% to 3% are low for asset-backed lending. Businesses with lighter asset portfolios should check the minimum facility requirement before applying.
Best next step: Confirm minimum facility size before applying.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low monthly rate band
- Flexible drawdown structure
- Revolving capital access possible
Need to know
- Minimum facility exceeds £50,000
- Asset valuation and legal costs apply
- Security required on all facilities
Expert take
The rate band is attractive for asset refinance, and the revolving structure means a business can draw, repay and redraw against assets. The minimum facility size suits those refinancing multiple assets rather than a single item.
Source:https://rewardfunding.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Time Finance works well for B2B businesses that own assets and also carry unpaid invoices, since the lender can structure a combined facility. Annual rates from 5.5% to 13.5% keep costs predictable when refinancing equipment or vehicles. Funding within 24 hours is typical once asset details are submitted.
Best next step: Ask about combined asset and invoice facilities.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rate cost certainty
- Combined asset and invoice option
- Same-day funding possible
Need to know
- Suits B2B invoice-led businesses
- Asset quality affects rate offered
- Facility reviewed periodically
Expert take
A dual-product lender bridging asset and invoice finance. For a business refinancing assets to raise £50,000 while also carrying debtor book exposure, the combined approach can reduce overall financing cost and simplify administration.
Source:https://www.timefinance.com/
Metro Bank
Published loan range£2,000 to £25,000,000
Rate typeinterest 9.6% to 9.6% annually
Overview: Metro Bank's asset finance facility spans small-ticket to multi-million-pound refinancing, with a published annual rate of 9.6% giving clear cost certainty. Bank underwriting means a fuller application process — trading history, accounts and affordability checks all come into play. Expect a longer turnaround than specialist asset lenders.
Best next step: Prepare full accounts before applying.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fixed published annual rate
- High-street banking relationship
- Large lending capacity available
Need to know
- Slower bank underwriting process
- Strong trading history expected
- Personal guarantee may apply
Expert take
A high-street bank with a single published asset finance rate — unusual clarity. The 9.6% annual rate and the potential for a lasting banking relationship make it worth the longer underwriting process for a £50,000 refinance.
Source:https://www.metrobankonline.co.uk/business/borrowing/
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NatWest Bank
Published loan range£500 to £10,000,000
Rate typeinterest 4.5% to 10.5% annually
Overview: Annual rates starting at 4.5% make NatWest one of the lower-cost bank routes for refinancing owned machinery, vehicles or equipment. Asset finance forms part of a broader business banking package, which suits established firms already banking with NatWest. The trade-off is standard bank underwriting — full accounts and affordability evidence are required.
Best next step: Existing NatWest customers may access preferential pricing.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low starting annual rate
- Integrated business banking
- Wide asset type coverage
Need to know
- Bank underwriting takes longer
- Full accounts submission needed
- May require personal guarantee
Expert take
A mainstream clearing bank where asset finance sits alongside current accounts and lending. The 4.5% entry rate is genuinely competitive for a £50,000 refinance, but expect a thorough credit process that rewards clean trading history and a strong banking relationship.
Source:https://www.natwest.com/business/loans-and-finance.html
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays structures asset refinance within a wider secured lending framework, which can benefit businesses that may later need to add property or trade finance to the same relationship. Annual rates run from 8.5% to 14.9%, with final pricing tied to asset type and business credit strength. Standard bank processing timelines apply.
Best next step: Explore bundled lending if multiple facilities are needed.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Wide secured lending options
- Recognised high-street brand
- Asset-type pricing flexibility
Need to know
- Rate depends on credit profile
- Bank timeline for approvals
- May need existing relationship
Expert take
A clearing bank with a broad secured lending appetite. Asset refinance through Barclays can open the door to complementary facilities, making it a sensible first look for established businesses planning more than a one-off £50,000 release.
HSBC Bank
Published loan range£1,000 to £300,000
Rate typeinterest 8.6% to 11.3% annually
Overview: HSBC's asset finance carries annual rates from 8.6% to 11.3%, making it a straightforward bank option for refinancing a single vehicle or piece of equipment. Funding takes around 48 hours once approved — slower than specialist lenders, so plan accordingly. Existing HSBC business customers may find the application simpler than switching banks.
Best next step: Existing HSBC customers get streamlined applications.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Clear annual rate band
- Suits single-asset refinance
- Global banking relationship
Need to know
- 48-hour funding after approval
- Slower than specialist lenders
- Business banking relationship helps
Expert take
An international bank with a focused asset finance proposition. The 8.6% floor rate is fair for a bank-backed £50,000 refinance, and existing HSBC customers benefit from a more streamlined application journey.
Source:https://www.business.hsbc.uk/en-gb/finance-and-borrowing
Close Brothers
Published loan range£25,000 to £100,000,000
Rate typebespoke 3.5% to 10% monthly
Overview: Close Brothers has deep experience in mid-market asset finance, making it particularly relevant for refinancing specialist machinery, commercial vehicles or plant where asset knowledge matters. Rates are priced per transaction through a bespoke process. The lender serves established businesses with turnovers typically above £500,000.
Best next step: Best suited to businesses with £500k-plus turnover.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Deep asset expertise
- Bespoke transaction pricing
- Large lending capacity
Need to know
- Higher turnover threshold applies
- Bespoke rather than published rates
- Mid-market business focus
Expert take
A merchant banking group with genuine asset finance heritage. For refinancing specialist plant or commercial vehicles, the sector knowledge adds real value, and the lender's capacity stretches well beyond what a £50,000 refinance requires.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: A wide rate band of 5% to 15% annually reflects Aldermore's appetite for both standard and harder-to-place asset refinance cases. The lender funds within 48 hours and covers assets from vehicles to production machinery. Credit decisions weigh the asset and the business together, so patchy trading history need not rule out a £50,000 refinance.
Best next step: Good option if trading history is less than perfect.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Wide credit appetite
- Asset-led decision making
- Covers diverse asset types
Need to know
- 48-hour funding timeline
- Rate varies by credit profile
- Upper rate band reaches 15%
Expert take
A bank-turned-specialist lender with a pragmatic credit approach. The wide rate band means strong applications get keen pricing, while businesses with imperfect trading records can still access a £50,000 asset refinance that high-street banks might decline.
Source:https://www.aldermore.co.uk/business/business-finance/asset-finance/
Asset Finance Calculator
How asset refinance works to raise £50,000
Asset refinance lets you borrow against equipment, vehicles, or machinery your business already owns outright. The lender values your asset at its current market price and advances a percentage of that value — typically 70% to 80%. For a £50,000 raise, you would need owned assets worth roughly £63,000 to £72,000.
Some lenders stretch higher. Aldermore Asset Finance publishes a maximum loan-to-value of 100%. Close Brothers goes to 90%, and Reward Funding to 85%. You keep using the asset throughout the repayment term, which usually runs between one and seven years. Repayments are fixed monthly instalments.
The asset itself secures the borrowing. If you default, the lender can repossess it. This makes asset refinance a secured facility, but one backed by equipment rather than property. Most lenders on this page also require a personal guarantee from directors.
What assets qualify for a £50,000 refinance
Lenders typically accept commercial vehicles, plant machinery, manufacturing equipment, agricultural kit, construction plant, and HGVs. The asset must be owned outright. If it still carries outstanding HP or lease finance, you may need to settle that debt first.
Depreciation affects how much you can borrow. Lenders value assets at current market rate, not the original purchase price. Hard assets such as CNC machines, excavators, and commercial vehicles hold value better and are easier to refinance than specialist or fast-depreciating kit.
For a £50,000 raise at 70% LTV, you need roughly £71,500 in unencumbered assets. If your asset base is larger, many lenders can go well beyond £50,000. HSBC offers up to £300,000, Metro Bank and Barclays reach £25 million, and Close Brothers can finance up to £100 million for the right assets.
How to compare £50,000 asset refinance lenders
When choosing a lender, focus on three things: the rate type, the loan-to-value ratio, and the minimum facility size. Rates vary widely across the market.
| Lender | Rate type | Typical rate range | Maximum LTV |
|---|---|---|---|
| Aldermore Asset Finance | Annual interest | 5% to 15% annually | Up to 100% |
| Close Brothers | Monthly bespoke | 3.5% to 10% monthly | Up to 90% |
| Reward Funding | Monthly interest | 0.99% to 3% monthly | Up to 85% |
| Liberty Leasing | Annual interest | 11% to 16% annually | |
| Time Finance | Annual interest | 5.5% to 13.5% annually |
Reward Funding has a minimum facility of £100,000, so it will not suit a straightforward £50,000 raise. Always check whether a rate is quoted monthly or annually — a 3% monthly rate compounds to roughly 36% annually. Most asset refinance lenders on this page require a personal guarantee but do not require homeownership.
Asset refinance vs a secured business loan vs invoice finance for £50,000
Asset refinance is not the only route to £50,000. A secured business loan uses property as collateral and can offer lower rates — NatWest publishes annual rates from 4.5%, which undercuts most asset refinance pricing. But you need sufficient property equity.
Invoice finance borrows against unpaid B2B invoices rather than physical assets. It suits businesses with strong debtor books but no equipment to refinance. It does, however, require ongoing administration as invoices are assigned to the lender.
Asset refinance is often the better fit when you own vehicles or machinery outright and want to keep borrowing separate from property. It can also complete faster than a secured loan, since it needs an asset valuation rather than a property survey. If your business holds both owned assets and property, comparing total costs across both options is sensible before committing.
