Top 10 Lenders to Secure £600,000 Plant Finance in 2026
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Top lenders for £600,000 plant finance compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Growing manufacturers funding production lines or heavy plant | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Owner-managed firms financing plant with straightforward annual terms | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established businesses funding diverse plant and machinery assets | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Mid-market operators financing plant with annual rate clarity | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Businesses comparing equipment leasing options for plant assets | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Well-established companies seeking bank-sourced plant finance | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Firms funding mid-to-large plant and machinery purchases | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Companies comparing plant finance across a broad rate range | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Businesses needing scalable plant funding as they grow | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | High-turnover firms funding substantial plant and machinery deals | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets you spread the cost of plant and machinery over its working life, using the equipment itself as security for the funding. For established UK businesses needing £600,000 to acquire essential plant assets, this structure preserves cash reserves and working capital while securing the kit your operations depend on. At this level of investment, asset finance matches funding to the productive life of heavy plant, production lines or specialist machinery.
Comparing lenders for £600,000 plant finance means looking beyond the headline rate. Check whether the lender understands your specific equipment class, as specialist experience can mean smoother underwriting and better residual value assessments. Consider the rate structure, annual or monthly and fixed or variable, and how that fits your cash flow planning. Look at the maximum facility size and whether the lender can fund further additions under the same agreement. Repayment term flexibility matters for matching payments to asset life.
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: Monthly rates from 0.99% can reduce the total cost of plant finance noticeably at this level of borrowing. Reward Funding structures facilities between £100,000 and £5 million, using the machinery as security rather than requiring property collateral. Expect valuation and legal costs as part of the setup.
Best next step: Check rates and asset eligibility
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Competitive monthly rates from 0.99%
- Facilities from £100k to £5m
- Plant secures the borrowing directly
Need to know
- Valuation and legal costs may apply
- Asset eligibility checks required
- Facility limits can be reviewed
Expert take
A direct asset finance lender with pricing that rewards lower-risk deals. For a £600,000 plant purchase, the rate band and structure suit established businesses with strong financials and quality machinery assets.
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 funds plant and machinery purchases from £10,000 to £2 million, with annual rates between 11% and 16%. Funding decisions typically complete within 24 hours, and the equipment itself backs the agreement rather than tying up property or other assets. Cash flow stays intact while the new kit starts earning.
Best next step: Compare annual rates for plant finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funds up to £2m for plant
- 24-hour decision turnaround
- Asset-backed, not property-secured
Need to know
- Annual rates from 11% to 16%
- Deposits may be required
- Asset valuation checks apply
Expert take
A straightforward asset finance provider that handles mid-range plant deals without complicating the process. For a £600,000 requirement, the quick turnaround suits businesses needing to move on equipment opportunities.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard has decades of plant finance heritage and lends up to £5 million against machinery and equipment. Monthly interest runs from 4% to 11.5% on asset-backed facilities, with decisions typically reached within a day. The lender's experience with six-figure plant deals means underwriting accounts for asset type, condition and expected lifespan.
Best next step: Explore Lombard's plant finance terms
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Up to £5m for plant purchases
- Decades of asset finance experience
- 24-hour funding decisions
Need to know
- Monthly interest from 4% to 11.5%
- Asset type and condition assessed
- Deposits and valuations may apply
Expert take
A long-established asset finance name with deep underwriting knowledge of plant and machinery. For £600,000 in plant finance, Lombard's experience with heavy equipment makes it a credible choice for capital-intensive sectors.
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 asset finance with revolving credit structures, offering up to £5 million for plant and machinery with annual rates from 5.5% to 13.5%. Businesses that need flexibility beyond a standard fixed-term agreement can draw and repay against the facility as operational demands shift. Funding decisions typically complete within 24 hours.
Best next step: Review flexible plant finance options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving credit for plant assets
- Annual rates from 5.5%
- Facilities up to £5m
Need to know
- Costs may rise with usage
- Limits can be reviewed or withdrawn
- Asset eligibility checks required
Expert take
A lender that merges asset finance with working-capital flexibility under one roof. For a £600,000 plant requirement, the revolving structure works well if machinery needs change seasonally or you plan staged equipment purchases.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing turns plant finance applications around in as little as four hours, which matters when equipment opportunities demand a fast commitment. Facilities start from £1,000 with annual rates between 5.5% and 13.5%. The lender focuses on equipment leasing, structuring agreements so the plant itself serves as security without tying up other business assets.
Best next step: Get rapid plant finance quotes
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding in as little as 4 hours
- Annual rates from 5.5%
- Equipment-only security structure
Need to know
- Rates depend on asset and profile
- Deposit may be needed
- Asset condition assessed
Expert take
A speed-focused equipment leasing provider suited to time-sensitive plant deals. For £600,000 in plant finance, the four-hour turnaround helps when bidding at auction or closing supplier deals under pressure.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays asset finance covers plant purchases from £1,000 to £25 million, with annual rates typically between 8.5% and 14.9%. As a high-street bank, underwriting tends to be thorough and may require stronger trading history and affordability evidence. The trade-off is a familiar lending relationship and the capacity to handle large facilities without syndication.
Best next step: Check Barclays plant finance rates
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Lends up to £25m for plant
- Established high-street lender
- Broad asset finance coverage
Need to know
- Stricter bank underwriting applies
- Personal guarantee may be needed
- Legal and valuation costs likely
Expert take
A mainstream bank with asset finance scale that few alternative lenders can match. For a £600,000 plant purchase, Barclays suits established businesses with clean financials who value a banking relationship and can meet fuller underwriting requirements.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Annual rates from 8% and facilities covering plant deals up to £5 million give Acorn Business Finance a competitive edge at the £600,000 mark. The lender also writes revolving credit and term loans alongside asset finance, which helps if your plant purchase requires ancillary funding that a pure asset-only lender would not cover.
Best next step: Explore multi-product plant finance
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities from £15k to £5m
- Annual rates from 8%
- Covers asset and term finance
Need to know
- Security and valuations required
- Trading history under review
- Legal costs may apply
Expert take
A versatile lender whose product range spans pure asset finance and broader business funding. For £600,000 in plant finance, the multi-product capability helps if you need to wrap in related costs that a strict asset-only lender might decline.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: With rates starting at 5% annually on plant and equipment finance from £500 upwards, Propel Finance can reward well-maintained machinery with competitive pricing. Funding takes two to five days, suiting planned purchases rather than auction-day deadlines. The lender's broad risk appetite means pricing varies noticeably with asset quality and borrower profile.
Best next step: Compare Propel's plant finance rates
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Plant finance from £500
- Annual rates starting at 5%
- Flexible asset eligibility
Need to know
- Funding takes 2 to 5 days
- Rates vary with asset and risk
- Deposits and valuations may apply
Expert take
An accessible asset finance provider with enough ceiling for six-figure plant deals. For £600,000, well-maintained machinery and solid trading history work in your favour when the lender assesses rate and terms.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: A 48-hour turnaround and facilities reaching £10 million make Aldermore Asset Finance a practical option for plant purchases at this scale. Annual rates sit between 5% and 15%, and the lender's challenger-bank backing provides institutional stability alongside specialist asset finance underwriting that accounts for how different plant types hold value.
Best next step: Check Aldermore's plant finance terms
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £10m
- Annual rates from 5%
- 48-hour funding turnaround
Need to know
- Asset valuation required
- Rates reflect risk profile
- Deposit terms vary by deal
Expert take
A specialist asset finance arm of an established challenger bank. For a £600,000 plant requirement, Aldermore combines institutional reliability with asset finance expertise, suiting businesses that want bank-grade backing without high-street underwriting rigidity.
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 specialises in mid-market plant finance, lending £25,000 to £100 million with bespoke rates starting from 3.5% monthly. The lender has particular strength in transport, manufacturing and construction, where six-figure plant purchases are routine. Underwriting reflects deep sector knowledge, and funding decisions typically land within 24 hours.
Best next step: Explore sector-specialist plant finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Up to £100m for plant
- Bespoke rates from 3.5% monthly
- Sector expertise in manufacturing
Need to know
- Targets £500k+ turnover firms
- Monthly, not annual, interest
- Asset and credit checks apply
Expert take
A mid-market lender with genuine sector depth in transport, manufacturing and construction. For £600,000 in plant finance, Close Brothers' understanding of heavy machinery and industry cycles makes it a strong fit for established operators in these fields.
Asset Finance Calculator
How asset finance works for a £600,000 plant purchase
At £600,000, plant finance is almost always structured as either a hire purchase (HP) or a finance lease agreement. With HP, your business pays fixed instalments over an agreed term, and once the final payment clears, you own the machinery outright. A finance lease keeps repayments lower because you only pay for use of the asset, with a balloon payment or refinancing option at the end.
The asset itself secures the funding, which means lenders focus on the equipment's resale value and expected working life rather than your wider balance sheet. Lenders on this list, including Reward Funding, Close Brothers, and Aldermore Asset Finance, all structure plant finance on this asset-backed basis, with loan-to-value ratios typically sitting between 85% and 100% depending on the lender and the equipment type.
What lenders assess when you apply for £600,000 plant finance
For a facility of this size, lenders will expect your business to have at least one to two years of trading history. Lombard asks for a minimum of 12 months, while Aldermore will consider businesses trading for just 6 months.
Turnover expectations vary more. Close Brothers typically looks for annual revenue above £500,000, whereas Aldermore imposes no stated minimum. Most lenders will also require a personal guarantee from directors: Reward Funding, Liberty Leasing, Time Finance, Aldermore, and Close Brothers all list this as a standard condition for plant finance agreements.
The asset itself is the deciding factor. Lenders will assess the equipment's make, age, expected lifespan, and resale strength. A £600,000 CNC machine with strong auction values will be easier to fund than bespoke equipment with a narrow secondary market.
Repayment terms and rate bands on £600,000 plant finance
At the £600,000 level, lenders offer repayment terms that typically run between one and seven years, matching the useful life of the plant or machinery being financed. Reward Funding structures shorter facilities of 3 months to 1 year, while Liberty Leasing, Admiral Leasing, Barclays, and Close Brothers all offer terms stretching from 1 year up to 5, 7, or even 25 years depending on the asset.
Rate structures split clearly between monthly and annual pricing. Reward Funding publishes rates from 0.99% to 3% per month. At the annual end, Liberty Leasing ranges from 11% to 16%, Barclays from 8.5% to 14.9%, and Aldermore from 5% to 15%. Close Brothers uses bespoke pricing between 3.5% and 10% per month. Your exact rate will depend on the asset, your trading strength, and the term length you choose.
Securing £600,000 plant finance without property collateral
One of the main advantages of plant finance at this level is that you do not need to offer property as security. Every lender in this comparison that publishes its security requirements, including Reward Funding, Liberty Leasing, Lombard, Time Finance, Aldermore, and Close Brothers, confirms that being a homeowner is not a condition of approval.
The financed equipment serves as the primary collateral. If your business were to default, the lender's recourse is to repossess and sell the plant or machinery. Because of this, approval hinges on the asset's standalone value. Lenders cap their exposure through loan-to-value ratios: Reward Funding advances up to 85% of an asset's worth, Close Brothers goes to 90%, and both Aldermore and Propel Finance can reach 100% in the right circumstances. This asset-only security model makes plant finance accessible to businesses that rent their premises or prefer not to tie property to their borrowing.
