Top 10 £700,000 Equipment Finance Lenders in the UK 2026
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Top £700,000 Equipment Finance Lenders Compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established businesses funding production machinery or commercial vehicle fleets | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Growing companies seeking straightforward asset finance with transparent annual rates | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Well-established firms needing flexible high-value equipment funding from a trusted provider | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Mid-to-large businesses wanting annual-rate asset finance for significant equipment purchases | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Businesses prioritising rapid equipment leasing decisions alongside competitive annual rates | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Firms wanting a high-street bank for substantial equipment and asset purchases | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Companies seeking broker-led access to competitive high-value asset finance options | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Businesses exploring diverse asset finance structures across a broad funding range | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Established businesses needing flexible high-limit asset finance with accessible criteria | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Larger enterprises requiring bespoke asset finance with significant turnover backing | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance is a funding arrangement where a lender purchases equipment, machinery, or vehicles on behalf of a business, which then repays the cost over a fixed term. It suits established UK businesses that need to acquire high-value operational assets without tying up large amounts of capital in a single purchase. For a £700,000 equipment requirement, this approach helps manufacturers, logistics firms, and construction companies maintain cash flow while investing in the assets that drive their growth.
Comparing asset finance lenders goes beyond headline interest rates. The total cost of borrowing depends on whether the rate is fixed or variable, the term length, and any arrangement or documentation fees. At the £700,000 level, security requirements and the lender's experience with high-value assets become important factors. Established businesses should also check whether the lender offers hire purchase, finance lease, or operating lease structures, as each carries different accounting and tax implications.
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 interest rates starting at 0.99% make Reward Funding a cost-conscious route for equipment finance. It lends against machinery, vehicles, and productive assets through secured facilities reaching £5 million. The revolving credit structure lets established businesses draw and repay as equipment needs shift. Asset valuation and eligibility checks are standard requirements.
Best next step: Check asset eligibility before applying.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low monthly rates from 0.99%
- Revolving facility for repeat equipment purchases
- Lends up to £5 million against assets
Need to know
- Requires asset valuations and legal checks
- Secured against the financed equipment
- Monthly rate structure, not annual
Expert take
A secured asset lender that suits established businesses with strong balance sheets. Good fit for £700,000 equipment finance where asset value comfortably supports the borrowing. The revolving facility rewards firms with ongoing equipment needs.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Funding decisions within 24 hours help businesses move quickly when equipment opportunities arise. Liberty Leasing finances assets from £10,000 to £2 million, with annual interest rates between 11% and 16%. Funding ties directly to the equipment being acquired, which keeps working capital free for day-to-day operations. Deposits and asset valuations are likely prerequisites.
Best next step: Decision in 24 hours on qualifying applications.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fast 24-hour funding decisions
- Preserves working capital for operations
- Lends from £10,000 to £2 million
Need to know
- Annual rates from 11% to 16%
- May require a deposit upfront
- Asset valuation likely needed
Expert take
A straightforward asset finance provider that prioritises speed of decision. For a £700,000 equipment finance requirement, the upper limit gives adequate headroom. Best for businesses that value quick turnaround on uncomplicated asset deals.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard finances assets up to £5 million, covering heavy machinery, manufacturing equipment, and commercial vehicle fleets. Monthly interest rates range from 4% to 11.5%, and the lender draws on decades of experience in high-value asset deals. Funding secures against the equipment itself, helping businesses avoid depleting cash reserves. Deposits and asset eligibility checks form part of the process.
Best next step: Well established for high-value equipment deals.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Lends up to £5 million per facility
- Deep experience with heavy machinery
- Preserves business cash reserves
Need to know
- Monthly interest from 4% to 11.5%
- Deposit may be required
- Asset must pass eligibility checks
Expert take
A long-standing asset finance name with the balance-sheet strength for large equipment deals. The £700,000 level is routine territory here, making this a reliable option for established businesses acquiring production-critical machinery.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: A revolving asset finance facility from Time Finance lets businesses draw against equipment as needs evolve, rather than committing to a single fixed-term loan. Annual rates from 5.5% to 13.5% make cost forecasting simpler than monthly-rate equivalents. Facilities reach £5 million, and the lender also provides invoice finance for B2B firms managing working capital alongside equipment purchases.
Best next step: Annual-rate pricing simplifies cost comparisons.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5.5% to 13.5%
- Revolving facility across multiple assets
- Complementary invoice finance available
Need to know
- Equipment secures the borrowing
- Revolving limits can be reviewed
- Suited to B2B trading businesses
Expert take
A flexible funder blending asset finance with invoice finance under one roof. For a £700,000 equipment purchase, annual-rate pricing makes long-term cost forecasting easier. Works best for B2B businesses that may later need working capital alongside equipment funding.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral Leasing structures equipment finance through hire purchase, leasing, and secured loans from a single point of contact. Annual rates span 5.5% to 13.5%, and facilities start at £1,000 with no published upper limit. The multi-product approach means a £700,000 equipment acquisition can be paired with bridging or term lending if wider funding is needed. Strong trading history and affordability evidence will be expected.
Best next step: Equipment leasing, HP, and secured loans available.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5.5% to 13.5%
- Multiple asset finance structures
- Can blend with secured lending
Need to know
- Strong trading history expected
- Affordability checks are likely
- May need a personal guarantee
Expert take
A multi-product lender that can shape equipment finance as leasing, HP, or secured lending. At the £700,000 level, the flexibility to blend structures suits businesses with complex asset portfolios or mixed equipment and property funding needs.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays brings bank-grade funding to equipment finance, with facilities spanning £1,000 to £25 million. Annual rates from 8.5% to 14.9% are competitive for a high-street lender, and the product range covers asset finance, revolving credit, and secured term loans under one banking relationship. Underwriting is thorough, so prepare for detailed affordability and trading history checks.
Best next step: Bank-backed asset finance with broad product range.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities from £1,000 to £25 million
- Full banking relationship possible
- Competitive annual-rate pricing
Need to know
- Bank underwriting can be slower
- Detailed financial checks required
- May need a personal guarantee
Expert take
A mainstream bank lender with the scale to handle large equipment finance comfortably. For a £700,000 facility, the appeal is competitive pricing and the option to bundle with wider banking services. Expect a measured, document-heavy underwriting process.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Acorn Business Finance covers asset finance, revolving credit, secured loans, and acquisition funding through a single underwriting relationship. Annual rates from 8% to 15% apply across facilities of £15,000 to £5 million. The product breadth means a £700,000 equipment purchase can run alongside other funding facilities without switching lenders. Standard asset security and valuation requirements apply.
Best next step: Multi-product lender for combined funding needs.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Asset, revolving, and secured options
- Lends from £15,000 to £5 million
- One contact for multiple facilities
Need to know
- Annual rates from 8% to 15%
- Asset security is standard
- Valuation costs may apply
Expert take
A versatile finance house suited to established businesses juggling equipment purchases alongside acquisition or working capital needs. The £700,000 level is well within reach, and a single underwriting point for multiple facilities can streamline complex funding arrangements.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: For businesses that value a lender with appetite across the full asset spectrum, Propel Finance funds everything from small tools to heavy plant. Annual rates sit between 5% and 20%, and funding typically completes within two to five working days. The lender sticks to straightforward asset-backed deals, so equipment condition and resale value will heavily influence terms at this level.
Best next step: Asset finance from £500 with 2-5 day turnaround.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funds assets from £500 upwards
- Annual rates from 5% to 20%
- Two to five working day completion
Need to know
- Equipment condition affects terms
- Asset-backed only, no unsecured
- Valuation and deposit may apply
Expert take
An asset finance specialist with a wide risk appetite reflected in its rate range. At £700,000, the equipment's quality and resale value will shape the offer. Best for businesses with well-maintained assets that hold strong secondary-market value.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore returns funding decisions within 48 hours, balancing bank-like funding capacity with alternative-lender responsiveness. Facilities reach £10 million and annual rates run from 5% to 15%. Equipment acts as security, with terms shaped by asset type, age, and the business's financial profile. The lender's scale makes it a steady option for substantial equipment acquisitions.
Best next step: Up to £10 million with 48-hour decisions.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities from £1,000 to £10 million
- Annual rates from 5% to 15%
- 48-hour decision turnaround
Need to know
- Equipment secures the borrowing
- Asset type influences terms offered
- Standard underwriting applies
Expert take
A well-capitalised asset lender with the range to handle everything from small equipment to multi-million-pound production lines. For a £700,000 requirement, the lender's scale and steady 48-hour decision process make it a dependable choice for established businesses.
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 from £25,000 to £100 million, with monthly rates between 3.5% and 10% tailored to each deal. The lender brings particular experience to transport, manufacturing, and construction, making it a strong fit for heavy equipment and specialist machinery. Expect a relationship-led approach rather than automated credit scoring.
Best next step: Bespoke pricing for mid-market equipment finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke rates from 3.5% monthly
- Lends from £25,000 to £100 million
- Sector expertise in manufacturing
Need to know
- Monthly rate, not annual pricing
- Relationship-led underwriting process
- Strong trading history expected
Expert take
A mid-market specialist with genuine sector depth in transport, manufacturing, and construction. For a £700,000 equipment facility, bespoke pricing and experienced underwriters can produce terms that reflect asset quality and business strength rather than a generic rate card.
Asset Finance Calculator
What assets can £700,000 equipment finance fund?
A £700,000 facility covers a wide range of business assets. Manufacturing firms often use this level of funding for CNC machines, production lines, or industrial robotics. Construction companies typically finance excavators, bulldozers, or crane systems at this scale. Logistics operators commonly secure commercial vehicle fleets, while technology businesses fund server infrastructure and network equipment.
Lenders on this page routinely accommodate high-value single assets and multi-asset packages. Reward Funding, Lombard, Time Finance and Acorn Business Finance all publish maximum facilities of £5,000,000, while Aldermore extends to £10,000,000 and Close Brothers reaches £100,000,000. A £700,000 request sits comfortably within their standard lending appetite.
Both new and used equipment can qualify, though used assets may attract different loan-to-value limits. Reward Funding caps lending at 85% of asset value, whereas Aldermore and Propel Finance both offer up to 100% LTV on qualifying deals.
Eligibility criteria for £700,000 equipment finance applications
Lenders expect applicants seeking £700,000 to demonstrate stable trading and sufficient cash flow. Close Brothers sets a minimum turnover of £500,000 and requires at least one year of trading. Lombard also asks for 12 months of trading history but accepts turnover from £25,000. Aldermore will consider businesses with six months of trading and no minimum turnover, though larger facilities typically attract stricter underwriting.
Most providers require a personal guarantee from directors. Reward Funding, Liberty Leasing, Time Finance, Aldermore and Close Brothers all list personal guarantees as a standard requirement for asset finance of this size.
Loan-to-value ratios vary by lender and asset type. Aldermore and Propel Finance offer up to 100% LTV, meaning the full purchase price can be financed. Reward Funding caps LTV at 85%, and Close Brothers at 90%, so borrowers should expect to contribute a deposit on deals with these lenders.
How to prepare your application for £700,000 asset finance
A strong application for £700,000 in equipment finance starts with clear documentation. Lenders will expect up-to-date management accounts, at least one year of filed accounts, and bank statements covering the last three to six months. Companies House filings should be current and consistent with the figures you present.
Prepare a detailed breakdown of the assets you intend to finance, including supplier quotes, asset specifications, and expected useful life. Some lenders may request a business plan or cash flow forecast showing how the new equipment will generate additional revenue to service the repayments.
If you are financing multiple assets across a single facility, group them by type and provide individual valuations. Lenders assessing high-value deals like £700,000 will scrutinise asset quality and resale value more closely than they would for smaller transactions. Working with a broker can help you present your case in the format each lender prefers.
Comparing rates and terms on £700,000 equipment finance deals
Rates and repayment periods for equipment finance at this level differ significantly between lenders. Some quote rates monthly and others annually, so comparing like-for-like matters. The table below shows published rate ranges and maximum terms for five lenders that accommodate facilities at the £700,000 level.
| Lender | Rate range | Maximum term |
|---|---|---|
| Reward Funding | 0.99% to 3% per month | 1 year |
| Close Brothers | 3.5% to 10% per month | 7 years |
| Liberty Leasing | 11% to 16% per year | 5 years |
| Aldermore | 5% to 15% per year | 7 years |
| Admiral leasing | 5.5% to 13.5% per year | 7 years |
Monthly rate structures sit at both ends of the cost spectrum. Reward Funding starts at 0.99% per month, while Close Brothers begins at 3.5% per month. Aldermore and Admiral leasing both open around 5% to 5.5% per year among annual-rate lenders. Term lengths range from Reward Funding's short 3-month to 1-year window up to 7 years from Aldermore, Close Brothers and Admiral leasing, giving established businesses flexibility on repayment schedules.
