Top 10 £800,000 Machinery Finance Lenders in the UK for 2026
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Compare the Top 10 Lenders for £800,000 Machinery Finance
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Businesses needing competitive monthly rates on high-value machinery finance | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | SMEs wanting quick decisions on machinery finance up to £2m | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established firms with 12+ months trading needing machinery up to £5m | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Businesses preferring annual-rate machinery finance up to £5m | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Rapid machinery funding across a wide range of equipment values | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | High-value machinery purchases through a major high-street bank | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-to-large machinery finance with transparent annual interest rates | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Flexible machinery funding from compact equipment to heavy plant | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Businesses needing machinery finance across a broad value range | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Larger firms with £500k+ turnover seeking bespoke machinery finance | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets businesses spread the cost of machinery over time rather than paying the full £800,000 upfront. The equipment itself serves as security, which often means more flexible terms than an unsecured loan. This approach works well for manufacturers, engineering firms, and construction companies acquiring heavy or specialised machinery without tying up working capital. It keeps cash flow predictable while the new equipment starts earning its keep.
Choosing the right lender goes beyond the headline rate. Consider whether the funder structures repayments monthly or annually, as this changes your cash flow. Check if the lender offers hire purchase, finance lease, or both, since tax treatment varies. Ask about early settlement terms and any balloon payment options. Deposit requirements also differ between lenders. Some funders specialise in specific machinery types and may offer sharper pricing for equipment they know well.
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: Asset finance facilities reaching £5,000,000 come with a revolving credit structure at Reward Funding, where monthly interest runs from 0.99% to 3%. For an £800,000 machinery purchase, that flexibility lets you draw against multiple assets as your equipment fleet grows. Underwriting decisions typically land within 24 hours, though the revolving structure requires ongoing asset reporting.
Best next step: Check eligibility for revolving asset finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding up to £5 million available
- Revolving credit across multiple assets
- Monthly interest from 0.99%
Need to know
- Requires suitable asset security
- Legal and valuation costs may apply
- Funding tied to specific asset eligibility
Expert take
A flexible asset-backed lender whose revolving structure suits businesses scaling machinery fleets. For an £800,000 purchase, the ability to add equipment without reapplying keeps growth capital available.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Fixed annual rates from 11% to 16% are the defining feature of Liberty Leasing's asset finance. For an £800,000 machinery investment, knowing your exact repayment from day one removes budgeting uncertainty across the full term. Decisions arrive within 24 hours, and the lender funds equipment from £10,000 to £2,000,000.
Best next step: Compare fixed-rate machinery finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fixed annual rates aid budgeting
- Funding decisions within 24 hours
- Covers machinery up to £2 million
Need to know
- Rates start from 11% annually
- Deposit may be required
- Asset eligibility checks apply
Expert take
A straightforward asset finance provider with a fixed-rate model that removes repayment uncertainty. For an £800,000 machinery investment, the 24-hour decision window and predictable repayments help you move quickly and budget accurately.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Same-day underwriting decisions are standard at Lombard, where machinery finance reaches £5,000,000. For an £800,000 equipment purchase, that speed means you can secure machinery before lead times stretch or prices shift. As a long-established asset finance specialist, Lombard understands heavy equipment and production machinery across most sectors.
Best next step: Explore Lombard asset finance options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Decisions often within 24 hours
- Funding available up to £5 million
- Deep machinery sector experience
Need to know
- Monthly interest pricing applies
- Deposit likely required
- Asset must meet eligibility criteria
Expert take
A well-established asset finance name with broad sector coverage and fast underwriting. For £800,000 of machinery, Lombard's experience with heavy equipment means fewer questions about asset quality, which can speed the process considerably.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Pairing asset finance with invoice discounting under one roof, Time Finance offers annual rates from 5.5% to 13.5% for facilities up to £5,000,000. For an £800,000 machinery purchase that will generate new receivables, funding both the asset and the resulting invoices keeps your whole cash cycle moving during the payback period.
Best next step: Explore combined asset and invoice finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5.5%
- Combine asset and invoice finance
- Funding up to £5 million
Need to know
- Invoice finance suitability varies
- Asset eligibility assessment needed
- Deposit may be required
Expert take
A dual-product lender where asset finance meets working capital support. For an £800,000 machinery purchase that will drive new revenue, the option to fund both the asset and the resulting invoices keeps your whole cash cycle moving.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: A four-hour decision window sets Admiral Leasing apart from most asset funders. Annual rates range from 5.5% to 13.5%, and the lender funds equipment from £1,000 upwards. For an £800,000 machinery deal, that speed can be decisive when equipment availability is tight and you need to commit quickly.
Best next step: Check Admiral Leasing rates and terms
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decisions in as little as 4 hours
- Annual rates from 5.5%
- Funds small to large equipment
Need to know
- Personal guarantee may apply
- Strong trading history needed
- Security and valuation costs apply
Expert take
A responsive equipment leasing provider whose four-hour decision window stands out. For an £800,000 machinery deal, that speed lets you lock in equipment quickly, and the broad funding appetite means complex assets are rarely a problem.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: For established businesses already banking with Barclays, asset finance from £1,000 to £25,000,000 brings balance-sheet depth and the option to bundle machinery funding with wider banking facilities. Annual rates sit between 8.5% and 14.9%. An £800,000 equipment investment can benefit from relationship pricing if your business meets traditional affordability tests.
Best next step: Explore Barclays asset finance
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- High-street bank stability
- Funding up to £25 million
- Bundle with wider banking
Need to know
- Stricter underwriting than alternatives
- Strong trading history expected
- Personal guarantee may apply
Expert take
A mainstream bank with deep balance-sheet capacity for large machinery deals. For £800,000 of equipment, Barclays suits businesses that already bank with them and can meet traditional affordability tests — the relationship can work in your favour.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: From £15,000 to £5,000,000, Acorn Business Finance connects machinery buyers with specialist funders beyond the high street. Annual rates run from 8% to 15%. For an £800,000 purchase, access to a broader lender panel can mean more flexible terms — particularly for specialist or niche machinery that mainstream funders find harder to value.
Best next step: Compare Acorn Business Finance options
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Access to specialist lenders
- Covers premium and acquisition finance
- Annual rates from 8%
Need to know
- Strong trading history needed
- Personal guarantee may apply
- Security and legal costs apply
Expert take
A broker-led asset finance provider with access to specialist funders beyond the high street. For an £800,000 machinery purchase, that broader panel can mean more flexible terms — especially for assets that mainstream lenders find harder to value.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: Rates starting at 5% annually make Propel Finance worth considering for an £800,000 machinery purchase, though pricing for larger deals depends on asset type, trading history and balance sheet strength. The lender funds from £500 upwards and completes within two to five days. Strong applicants often land closer to the lower end of the rate band.
Best next step: Check Propel Finance machinery rates
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Rates from 5% annually
- Funds from £500 upwards
- Funding within 2 to 5 days
Need to know
- Rates vary widely by risk
- Deposit likely required
- Asset valuation checks apply
Expert take
A volume-focused asset funder with a broad risk appetite. For an £800,000 machinery deal, the headline rate starting at 5% annually is attractive, and strong applicants with quality assets tend to land closer to that figure.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore Asset Finance lands in the sweet spot between speed and rate competitiveness, with a 48-hour decision window and annual rates from 5% to 15%. For an £800,000 machinery investment, funding stretches to £10,000,000 — practical when you need reasonable turnaround without sacrificing cost, and your business sits between the fast specialists and slower banks.
Best next step: Explore Aldermore asset finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5%
- Funding up to £10 million
- Decisions within 48 hours
Need to know
- 48-hour decision timeframe
- Asset eligibility assessment needed
- Deposit may be required
Expert take
A mid-market asset finance provider that balances speed with competitive pricing. For £800,000 of machinery, Aldermore's two-day turnaround and broad sector appetite make it a solid option for businesses that are not in a same-day rush.
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: Bespoke repayment structures define Close Brothers' approach to asset finance, with facilities stretching from £25,000 to £100,000,000. For an £800,000 machinery investment, tailored terms mean the repayment schedule, term length and structure are built around your asset's useful life and cash flow — not a standard product template. Decisions arrive within 24 hours.
Best next step: Explore Close Brothers bespoke finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke repayment structures
- Funding up to £100 million
- Decisions within 24 hours
Need to know
- Bespoke pricing, no standard rate
- Established mid-market focus
- Deposit and security required
Expert take
A heavyweight in bespoke asset finance for mid-market and larger businesses. For an £800,000 machinery purchase, Close Brothers' tailored approach suits complex or specialist equipment where off-the-shelf terms would be a poor fit.
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How hire purchase and leasing work for £800,000 machinery
Hire purchase (HP) lets you spread the cost of £800,000 machinery over time, with ownership transferring after the final payment. You pay a deposit, typically 10% to 20%, and the lender funds the rest. The asset appears on your balance sheet from day one, and you can claim capital allowances on the full value.
A finance lease works differently. The lender buys the machinery and rents it to you for an agreed period. You never own the asset, but you get full use of it throughout the lease. At the end, you can often sell the equipment and keep a share of the proceeds, or continue renting at a reduced rate.
For £800,000 of machinery, leasing can preserve working capital and keep the debt off your balance sheet. HP suits businesses that want eventual ownership and are comfortable with the asset on their books. Both options let you use the machinery as security, so you typically do not need to offer additional collateral.
Typical deposits and repayment terms for £800,000 machinery finance
At £800,000, lenders will expect a deposit in most cases. The maximum loan-to-value across this list ranges from 85% to 100%. Reward Funding publishes a maximum LTV of 85%, meaning a deposit of at least £120,000 on an £800,000 asset. Close Brothers goes to 90%. Aldermore and Propel Finance both offer up to 100% LTV, though approval at that level depends on your trading history and the machinery type.
Repayment terms vary widely. Reward Funding offers shorter facilities from 3 months to 1 year, which suits businesses expecting a quick return. Liberty Leasing provides terms from 1 to 5 years. Barclays extends up to 25 years for qualifying assets, giving you scope to match repayments to the machinery's useful life.
Rates depend on the lender and your profile. Annual rates start around 5% from Aldermore and Propel Finance, while some monthly-rate lenders like Close Brothers publish rates from 3.5% per month.
Tax benefits of financing £800,000 machinery versus buying outright
Financing machinery rather than buying outright can offer meaningful tax advantages for UK businesses.
With hire purchase, you can claim the full Annual Investment Allowance on the £800,000 asset in the year of purchase, provided you are within the current AIA limit. This reduces your taxable profit significantly in year one. Writing down allowances apply in subsequent years if the AIA has been fully used.
Under a finance lease, you deduct the full rental payments as a trading expense each year. This spreads the tax relief evenly over the lease term rather than front-loading it in year one. This can be useful if you want predictable annual deductions rather than a single large claim.
VAT treatment also differs. On an outright purchase, you pay the full VAT upfront and reclaim it on your next return. With a lease or HP, VAT is applied to each payment, spreading your cash flow exposure. For an £800,000 machine, the upfront VAT alone could be £160,000, so spreading this cost can ease pressure on your working capital.
How to improve your approval chances for £800,000 machinery finance
Lenders assess high-value machinery finance applications carefully. Here are steps that can strengthen your position.
First, prepare detailed financials. At £800,000, most lenders want to see at least one year of filed accounts. Close Brothers and Lombard both require a minimum of 12 months trading. Strong, consistent turnover reassures lenders you can service the repayments.
Second, be ready for a personal guarantee. Lenders including Reward Funding, Liberty Leasing, Aldermore, Close Brothers, and Time Finance all require personal guarantees on asset finance agreements. This is standard for facilities of this size.
Third, choose machinery with strong resale value. Lenders assess the asset itself as security. Generic, widely-used equipment with an active secondary market improves your case. Specialist or bespoke machinery may result in lower LTV offers.
Finally, work with a broker who understands the £800,000 bracket. The right introduction can mean the difference between a declined application and a funded one.
