Top 10 Lenders for £750,000 Asset Refinance in the UK (2026)
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Compare £750,000 Asset Refinance Lenders
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Businesses refinancing plant or machinery for working capital | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Mid-sized firms wanting fixed annual rates on equipment refinance | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established businesses refinancing diverse asset portfolios | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Firms preferring annual-rate structures on mixed asset refinance | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Metro Bank | Bank-led asset refinance for businesses with strong credit | £2,000 to £25,000,000 | interest 9.6% to 9.6% annually |
| 6 | NatWest Bank | Higher-turnover businesses seeking bank-backed asset refinance | £500 to £10,000,000 | interest 4.5% to 10.5% annually |
| 7 | Barclays | Established firms refinancing assets through a high-street bank | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 8 | Novuna | Included for comparison — asset refinance for 12-month trading businesses | £10,000 to £5,000,000 | interest 4.5% to 12.5% monthly |
| 9 | Aldermore Asset finance | Included for comparison — refinance from 6 months trading history | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Included for comparison — large-scale refinance for established firms | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset refinance lets a business borrow against machinery, vehicles, or equipment it already owns outright, unlocking their value as working capital while retaining full operational use of those assets. It suits established businesses holding significant unencumbered assets that want to raise liquidity without selling equipment or disrupting operations. A £750,000 refinance can fund expansion, strengthen cash reserves, or consolidate higher-cost debt.
Comparing lenders for a £750,000 asset refinance means looking past advertised rates. Loan-to-value ratios differ sharply between lenders and across asset classes — heavy plant, commercial vehicles, and manufacturing equipment each attract different advance rates. Rate structures also vary: some lenders quote monthly rates that compound, while others use simple annual percentages. Asset age, condition, and whether the equipment is specialist or standard will all influence the terms on offer.
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% make Reward Funding a cost-conscious pick for asset refinance. Businesses with owned plant, machinery or commercial vehicles can unlock working capital while keeping interest costs low through a revolving structure. Valuation and legal fees apply on larger secured facilities.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly rates from 0.99%
- Revolving credit keeps costs low
- Draw only what you need
Need to know
- Requires asset valuation
- Legal fees may apply
- Secured against business assets
Expert take
A specialist asset-based lender suited to mid-market and larger businesses. For a £750,000 asset refinance, strong asset quality and clear ownership records work firmly in your favour, and the revolving structure rewards disciplined drawdown behaviour.
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 make Liberty Leasing a practical choice when timing matters. The lender refinances equipment, vehicles and machinery up to £2 million, suiting established businesses that need to release capital quickly from owned assets. Annual rates lean higher than some competitors, reflecting the speed trade-off.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Decisions within 24 hours
- Refinances broad asset types
- Facilities up to £2 million
Need to know
- Annual rates 11% to 16%
- Asset valuation required
- Secured against business assets
Expert take
A responsive asset finance provider geared towards straightforward refinance cases. For a £750,000 refinance, businesses with well-maintained equipment and clear title can expect rapid progress, and the broad asset appetite means fewer deals stall on asset type.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard funds asset refinance facilities up to £5 million, making it a natural fit for businesses with high-value machinery, vehicle fleets or mixed-asset portfolios. A long-established name in equipment finance, the lender prices on a monthly-rate basis. That structure tends to suit shorter-term refinance strategies where rapid repayment is the goal.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £5 million
- Long-established lender
- Mixed-asset portfolios accepted
Need to know
- Monthly-rate pricing
- Shorter-term focus
- Asset valuation required
Expert take
A heavyweight in UK asset finance with deep institutional backing. For a £750,000 refinance, the lender's comfort with large single assets and mixed portfolios means fewer structuring headaches, and its long market presence signals stability throughout the term.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Annual-rate pricing between 5.5% and 13.5% gives Time Finance a transparent cost structure. Facilities reach £5 million, with revolving credit alongside term options. Businesses holding both unpaid invoices and owned assets can often package them into one facility. Underwriting examines asset quality and debtor concentration closely.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual-rate pricing structure
- Revolving and term options
- Combined invoice and asset security
Need to know
- Asset quality scrutinised
- Debtor concentration matters
- Secured lending only
Expert take
A flexible mid-market lender blending asset finance with invoice discounting. For a £750,000 refinance, businesses with both physical assets and a strong debtor book get the best terms, and the revolving facility preserves cash flow across seasonal cycles.
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: Strong trading history and clear affordability evidence open the door with Metro Bank, a high-street lender that underwrites asset refinance conservatively. Facilities stretch to £25 million across equipment, vehicles and machinery. Expect a slower process than specialist lenders, with personal guarantees typically required for limited companies.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- High-street banking relationship
- Very large facility capacity
- Broad asset type acceptance
Need to know
- Slow underwriting process
- Personal guarantee likely
- Strong trading history needed
Expert take
A high-street bank with a conservative but reliable approach to asset finance. For a £750,000 refinance, businesses with audited accounts and long trading records find the process smoother, and the bank relationship can unlock wider facilities later.
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: Businesses with existing NatWest banking relationships gain a meaningful head start on asset refinance here. Annual rates from 4.5% to 10.5% reflect the bank's appetite for well-run firms with clean credit histories. Facilities reach £10 million across equipment, vehicles and machinery. Underwriting takes several weeks and expects detailed financial disclosure.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Rates from 4.5% annually
- Existing customers favoured
- Facilities up to £10 million
Need to know
- Several weeks to complete
- Detailed financials required
- Personal guarantee likely
Expert take
A mainstream clearing bank with a broad asset finance book. For a £750,000 refinance, an existing banking relationship and clean filed accounts work decisively in your favour, and the pricing rewards lower-risk profiles.
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: Annual rates from 8.5% position Barclays in the middle ground of bank asset finance pricing. The lender funds equipment, vehicle and machinery refinance across most mainstream sectors. Expect traditional bank underwriting with scrutiny on asset quality, trading history and director guarantees. A personal guarantee is standard for limited company borrowers.
Best next step: Generate offers
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- High-street bank backing
- Wide sector appetite
- Large facility capability
Need to know
- Personal guarantee standard
- Slow bank underwriting
- Strong history required
Expert take
A global banking name with a well-established UK asset finance division. For a £750,000 refinance, Barclays suits businesses with long trading records and strong balance sheets, and the brand recognition gives confidence to stakeholders.
Novuna
Published loan range£10,000 to £5,000,000
Rate typeinterest 4.5% to 12.5% monthly
Overview: Quick turnaround on asset refinance applications sets Novuna apart, with decisions typically landed within 24 hours. The lender covers equipment, vehicles and specialist machinery, pricing on a monthly-rate basis. Monthly rates range from 4.5% to 12.5%, making Novuna a practical option when working capital is needed urgently against owned assets.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fast application decisions
- Broad asset coverage
- Facilities up to £5 million
Need to know
- Monthly-rate pricing
- Asset valuation needed
- Secured lending only
Expert take
An agile asset finance provider with a strong operational track record. For a £750,000 refinance, well-documented assets and clean ownership records accelerate the process, and the lender's breadth keeps deal structures straightforward.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: A £10 million upper limit gives Aldermore the balance-sheet depth to handle large asset refinance deals alongside smaller ones. Annual rates from 5% to 15% reflect the lender's risk-based pricing model. Funding typically lands within 48 hours of approval. Businesses refinancing production equipment, commercial vehicles or plant machinery are the core fit.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £10 million
- Annual rates from 5%
- Funding within 48 hours
Need to know
- Asset quality affects rate
- Trading history reviewed
- Valuation may be required
Expert take
A well-capitalised asset finance lender with a broad SME and mid-market reach. For a £750,000 refinance, the lender's experience with production equipment and commercial vehicles works in favour of manufacturing and logistics 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: Mid-market businesses with turnover above £500,000 are the natural home for Close Brothers asset refinance. The lender focuses on transport, manufacturing and construction sectors, funding everything from HGV fleets to heavy plant. Bespoke monthly rates from 3.5% reflect deal-by-deal underwriting. Institutional-grade funding capacity backs the largest refinance requirements.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke deal structuring
- Sector expertise in focus areas
- Institutional-grade capacity
Need to know
- £500k minimum turnover
- Monthly-rate pricing
- Sector-focused underwriting
Expert take
A merchant banking group with deep asset finance heritage and sector specialism. For a £750,000 refinance, transport, manufacturing and construction businesses find a lender that understands their asset classes intimately, and the bespoke pricing rewards well-presented deals.
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How asset refinance works for a £750,000 facility
Asset refinance lets you borrow against equipment, machinery, or vehicles your business already owns outright. The lender values your assets and advances a percentage of that valuation — known as the loan-to-value (LTV) ratio.
For a £750,000 facility, you would need assets worth roughly £830,000 to £1,000,000 depending on the LTV offered. Reward Funding publishes an LTV of up to 85%, meaning you would need about £882,000 in asset value. Close Brothers offers up to 90% LTV on facilities from £25,000 to £100,000,000. Aldermore Asset Finance can go to 100% LTV on some deals.
The lender places a charge over the assets but you keep using them day to day. Repayments are fixed over an agreed term, and once the facility is repaid, the charge is released. Most lenders on this list require a personal guarantee for facilities of this size.
What types of assets can secure a £750,000 refinance
Lenders will consider most hard business assets that hold resale value:
- Heavy plant and construction equipment
- Commercial vehicles and HGVs
- Manufacturing and production machinery
- Agricultural equipment
- Printing and packaging kit
- Medical and dental equipment
Asset age and condition matter. Most lenders prefer assets under five to seven years old, though well-maintained specialist equipment can qualify beyond that. The asset must be free of existing finance. If you still owe money on an asset, the existing lender must be settled first — often handled as part of the refinance transaction.
Soft assets like IT hardware, office furniture, or bespoke software rarely carry enough standalone value for a £750,000 facility. Blended portfolios mixing hard and soft assets can work, but expect lower blended LTVs. Lenders such as Close Brothers and Reward Funding focus primarily on hard asset classes with clear secondary markets.
Why refinance assets instead of selling them to raise £750,000
Refinancing lets you raise £750,000 without losing the equipment that generates your revenue. You keep full operational use of the machinery, vehicles, or plant throughout the agreement.
This approach preserves business continuity. Selling assets to raise cash can disrupt production, delay contracts, or leave you short of capacity. Refinancing avoids that trade-off entirely.
It can also strengthen your balance sheet position. Converting fixed assets into working capital improves liquidity ratios without adding unsecured debt. For seasonal or project-based businesses, asset refinance provides a lump sum that can be drawn when needed without affecting day-to-day operations.
Unlike selling, refinancing keeps future options open. Once the facility is repaid, you own the assets unencumbered again and could refinance them a second time if circumstances require.
What to compare when choosing a £750,000 asset refinance lender
At this loan size, rate differences have a material impact. Monthly rates among listed lenders range from 0.99% to 11.5%. Annual rates sit between 4.5% and 16%. Confirm whether a quote is monthly or annual — the difference is substantial on £750,000.
LTV is equally important. A 5% difference could mean £40,000 to £50,000 more or less capital released from the same assets.
| Lender | Maximum LTV | Published rate band |
|---|---|---|
| Aldermore Asset Finance | 100% | 5% to 15% annually |
| Close Brothers | 90% | 3.5% to 10% monthly |
| Reward Funding | 85% | 0.99% to 3% monthly |
Beyond price, compare term flexibility. Some lenders cap at five years while others extend to seven. Longer terms reduce monthly payments but increase total interest cost.
Personal guarantees are standard. Most lenders listed — including Reward Funding, Liberty Leasing, Close Brothers, Aldermore, and NatWest — require a director’s guarantee. Metro Bank also requires homeownership.
Finally, check minimum turnover thresholds. NatWest asks for £300,000, Close Brothers requires £500,000, while Aldermore has no minimum turnover requirement. Match the lender to your trading position.
