Top 10 Lenders for £800,000 Asset Finance in 2026
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Compare the Top 10 Lenders for £800,000 Asset Finance
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Businesses financing heavy equipment or commercial vehicles | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | SMEs acquiring plant, machinery or vehicles up to £2m | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established firms funding large-scale asset purchases quickly | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Growing businesses upgrading production or fleet assets | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Businesses needing fast decisions on equipment leasing | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Larger corporations seeking bank-backed asset finance facilities | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Established SMEs funding equipment from £15,000 upwards | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | PEAC Solutions | Mid-market businesses financing specialist equipment acquisitions | Not published | interest 7% to 14.5% annually |
| 9 | Aldermore Asset finance | Businesses of all sizes acquiring assets from £1,000 to £10m | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Well-established firms with strong turnover funding major assets | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets businesses acquire essential equipment, machinery, or vehicles by spreading the cost over time while the asset itself serves as security for the borrowing. This approach suits established UK businesses making significant capital investments because it preserves working capital and keeps existing credit lines free. For an £800,000 purchase, asset finance typically covers heavy plant, commercial vehicle fleets, production line machinery, or specialist construction equipment.
Choosing the right asset finance lender for a large-ticket purchase goes well beyond comparing headline interest rates. Businesses should assess whether rates are quoted monthly or annually, as this dramatically changes the real cost over a three-to-seven-year term. Deposit requirements typically range from 10% to 20%, and some lenders offer more flexibility than others on residual value structuring. Term length, early settlement penalties, and the lender’s experience with your specific asset class all influence the overall value of the facility.
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: Reward Funding structures asset finance from 0.99% monthly, which can keep repayments manageable when financing £800,000 of equipment or vehicles. Decisions come within 24 hours and facilities scale to £5 million. Suits established businesses with strong asset backing. Rates climb to 3% monthly depending on credit profile and asset type.
Best next step: Compare asset finance rates and terms online.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Interest from 0.99% monthly
- Facilities up to £5 million
- Funding decisions within 24 hours
Need to know
- Rates depend on credit profile
- Asset backing required
- Deposit may be needed
Expert take
A flexible asset-based lender structuring larger facilities against productive assets. For an £800,000 equipment purchase, competitive headline rates and quick decisions work in an established borrower's favour, with asset-led underwriting carrying much of the credit conversation.
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 lends against the asset itself, so the equipment or vehicle you are buying secures the facility rather than tying up other business collateral. Funding ranges from £10,000 to £2 million with annual rates between 11% and 16%. Decisions land within 24 hours. Expect a deposit requirement and asset eligibility checks before completion.
Best next step: Check eligibility for asset-backed funding online.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Asset-backed, not collateral-heavy
- Funding from £10,000 to £2 million
- Decisions within 24 hours
Need to know
- Annual rates between 11% and 16%
- Deposit likely required
- Asset eligibility checks apply
Expert take
A straightforward asset finance provider where the equipment itself forms the security. For an £800,000 capital purchase, the asset-backed structure preserves cash and keeps other business lines unencumbered, suiting established firms that prefer clean, single-asset funding arrangements.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard funds asset purchases up to £5 million, covering single large transactions and multi-asset programmes alike. Rates run from 4% to 11.5% monthly and decisions typically arrive within 24 hours. The lender suits businesses buying or refinancing equipment, vehicles, and machinery. Asset eligibility and deposit terms apply before completion.
Best next step: View asset finance options up to £5 million.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £5 million
- Rates from 4% monthly
- Decisions within 24 hours
Need to know
- Monthly interest structure applies
- Asset eligibility checks required
- Deposit may be needed
Expert take
A long-standing asset finance provider with deep appetite for larger transactions. For an £800,000 capital purchase, the scale of their lending book means straightforward underwriting on mainstream equipment and vehicle assets, suiting established businesses with clear asset profiles.
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 works with businesses that have unpaid B2B invoices and need working capital, but also structures asset finance for equipment and vehicle purchases. Facilities reach £5 million with annual rates from 5.5% to 13.5%. Decisions come within 24 hours. The revolving credit structure can suit firms with seasonal or repeat funding needs alongside a one-off capital purchase.
Best next step: Explore asset and invoice finance options online.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £5 million
- Annual rates from 5.5%
- Decisions within 24 hours
Need to know
- Asset eligibility and deposit apply
- Invoice quality influences terms
- Revolving limits may be reviewed
Expert take
A dual-purpose lender blending asset finance with invoice-based working capital. For an £800,000 equipment purchase, the combination model appeals to businesses wanting a single relationship for both capital expenditure and ongoing cash-flow funding.
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 four hours, making it one of the fastest routes to asset finance for time-sensitive equipment or vehicle purchases. Lending starts from £1,000 with annual rates between 5.5% and 13.5%. For an £800,000 acquisition, expect asset eligibility checks and a deposit requirement as part of the process.
Best next step: Get a fast asset finance decision online.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decisions in as little as 4 hours
- Annual rates from 5.5%
- Funding from £1,000
Need to know
- Deposit likely required
- Asset eligibility checks apply
- Larger deals need full underwriting
Expert take
A speed-focused equipment lessor built for businesses that cannot wait weeks for a credit decision. For an £800,000 purchase, the rapid turnaround helps secure assets quickly while full underwriting still applies to larger sums before release.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays brings bank-grade asset finance with facilities stretching from £1,000 to £25 million and annual rates between 8.5% and 14.9%. Decisions land within 24 hours. For capital equipment or vehicle purchases, the scale of their lending book supports straightforward underwriting on mainstream assets. Expect more thorough credit assessment than you would find with alternative lenders.
Best next step: Check Barclays asset finance rates online.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities from £1,000 to £25 million
- Bank-grade lending standards
- Decisions within 24 hours
Need to know
- Stricter bank underwriting applies
- Strong trading history expected
- Personal guarantee may be needed
Expert take
A high-street bank with an asset finance arm built for scale. For an £800,000 purchase, existing Barclays customers benefit from relationship-based pricing, while first-time applicants should expect thorough affordability and credit assessment.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Acorn Business Finance structures asset finance alongside broader business funding, covering equipment, vehicles, and machinery from £15,000 to £5 million. Annual rates sit between 8% and 15% with decisions within 24 hours. For an £800,000 capital outlay, the lender's range of supplementary products, from revolving credit to acquisition finance, can support wider business needs beyond the asset itself.
Best next step: Compare asset finance options up to £5 million.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities from £15,000 to £5 million
- Multiple funding products available
- Decisions within 24 hours
Need to know
- Annual rates between 8% and 15%
- Strong trading history expected
- Deposit and valuation may apply
Expert take
A multi-product finance house where asset funding sits alongside revolving credit and acquisition facilities. For an £800,000 equipment purchase, the breadth of products suits businesses that may need follow-on funding beyond a single asset transaction.
PEAC Solutions
Published loan rangeNot published
Rate typeinterest 7% to 14.5% annually
Overview: PEAC Solutions prices asset finance from 7% to 14.5% annually, with the asset itself serving as security rather than requiring additional business collateral. Funding decisions typically land within 24 hours. For an £800,000 equipment or vehicle purchase, expect asset eligibility checks and a deposit requirement. Loan range figures are not published, so terms are assessed case by case.
Best next step: Request a tailored asset finance quote online.
More info
Company stats
Rates and debtor rules
Benefits
- Annual rates from 7%
- Asset-backed, not collateral-heavy
- Decisions within 24 hours
Need to know
- Loan range not publicly listed
- Deposit and eligibility checks apply
- Terms assessed case by case
Expert take
An asset finance specialist that prices on a deal-by-deal basis. For an £800,000 purchase, the tailored approach suits businesses with solid asset profiles, and applicants should expect detailed underwriting on larger transactions.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore takes a measured approach to asset finance, with decisions landing within 48 hours and annual rates from 5% to 15%. Facilities range from £1,000 to £10 million. For an £800,000 equipment or vehicle acquisition, the slightly longer turnaround reflects thorough underwriting rather than slow process. A deposit and asset eligibility checks are standard.
Best next step: View Aldermore asset finance options online.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities from £1,000 to £10 million
- Annual rates from 5%
- Process-driven underwriting
Need to know
- Decisions take around 48 hours
- Asset eligibility checks required
- Deposit likely needed
Expert take
A well-established asset finance provider with a broad lending appetite across equipment and vehicle classes. For an £800,000 purchase, the methodical underwriting and competitive rate floor suit businesses that value process certainty over same-day decisions.
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 targets established mid-market businesses, particularly in transport, manufacturing, and construction, with asset finance facilities from £25,000 to £100 million. Bespoke rates run from 3.5% to 10% monthly, reflecting custom pricing for larger or more complex transactions. Decisions typically land within 24 hours. For an £800,000 capital purchase, the lender's sector familiarity can streamline underwriting for businesses in its core industries.
Best next step: Check eligibility for mid-market asset finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities from £25,000 to £100 million
- Bespoke pricing for larger deals
- Sector-savvy underwriting
Need to know
- Monthly bespoke rates from 3.5%
- Mid-market focus, £500k+ turnover
- Strongest in transport and manufacturing
Expert take
A mid-market asset finance heavyweight with deep sector knowledge in transport, manufacturing, and construction. For an £800,000 purchase, businesses in these industries benefit from underwriters who understand the asset class and its commercial value from day one.
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How asset finance works for £800,000 equipment and vehicle purchases
Asset finance for £800,000 works by using the equipment or vehicle you are buying as security for the loan. The lender takes a legal charge over the asset and can repossess it if you default. This structure means you typically do not need to offer property or other collateral.
For an £800,000 facility, lenders will want a detailed breakdown of the asset, its expected lifespan, and its residual value. Most lenders on this list set maximum loan-to-value ratios. Reward Funding caps LTV at 85%, meaning you would need a deposit of at least 15% on an £800,000 purchase. Aldermore Asset finance offers up to 100% LTV on qualifying assets. Close Brothers allows up to 90% LTV.
The asset must be identifiable, insurable, and used for business purposes. Common assets at this level include heavy plant machinery, commercial vehicles, manufacturing equipment, and agricultural kit. Specialist or bespoke assets may attract more conservative lending terms.
Deposits, VAT and ownership structures for £800k asset finance
At the £800k level, most asset finance agreements require a deposit of 10% to 20%. This protects the lender against depreciation and aligns your interest with the asset's performance. The exact deposit depends on the asset type, its expected resale value, and your business profile.
VAT treatment varies by structure. Under hire purchase, you can reclaim the VAT on the asset purchase price upfront through your normal VAT return. Under a finance lease, VAT is charged on each rental payment rather than the asset cost, which can help with cash flow timing.
Ownership also differs. With hire purchase, you own the asset outright after the final payment. With a finance lease, the lender retains ownership and you may have the option to extend the lease, return the asset, or benefit from a share of the sale proceeds at the end of the term. For £800,000 assets with strong residual values, the ownership structure can significantly affect your long-term costs.
Typical rates and repayment terms on £800,000 asset finance
Rates on £800,000 asset finance vary considerably between lenders. Among the lenders reviewed here, monthly interest rates range from Reward Funding at 0.99% to 3% per month to Close Brothers at 3.5% to 10% per month on a bespoke basis. Lombard publishes monthly rates from 4% to 11.5% per month.
Several lenders quote annual rates. Time Finance offers 5.5% to 13.5% per year, Aldermore Asset finance ranges from 5% to 15% per year, and Barclays sits between 8.5% and 14.9% per year. Liberty Leasing publishes rates from 11% to 16% per year.
| Lender | Rate type | Typical rate range |
|---|---|---|
| Reward Funding | interest | 0.99% to 3% per month |
| Close Brothers | bespoke | 3.5% to 10% per month |
| Time Finance | interest | 5.5% to 13.5% per year |
| Aldermore Asset finance | interest | 5% to 15% per year |
| Barclays | interest | 8.5% to 14.9% per year |
Repayment terms typically run from one to seven years for £800k facilities. Admiral leasing, Aldermore and Close Brothers all offer terms up to seven years. Barclays can extend to 25 years for certain asset types. Personal guarantees from directors are standard across most asset finance lenders at this level.
Asset finance compared to other funding options at the £800k level
For an £800,000 capital purchase, asset finance is not your only option. A secured business loan could offer longer terms and potentially lower rates if you have property to pledge, but ties up valuable assets and may take longer to arrange. An unsecured term loan would avoid asset charges but is rarely available at this amount without very strong financials.
Asset finance offers a key advantage at the £800k level: the asset itself stands as security. This leaves your property and other business assets unencumbered. Approval also tends to be faster than secured lending because the focus is on the asset value and your ability to service the repayments, rather than a full property valuation.
That said, asset finance ties the funding to a specific purchase. If you need working capital alongside your equipment spend, combining asset finance with a smaller overdraft or revolving credit facility may work better than a single large secured loan. Several of the lenders listed here, including Close Brothers with a minimum turnover of £500,000 and Lombard with a minimum turnover of £25,000, cater specifically to established businesses making substantial capital investments.
