Top 10 Lenders for £800,000 Plant Finance in the UK (2026)
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10 plant finance lenders compared for £800,000 equipment funding
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Heavy plant acquisitions needing competitive monthly interest from £100,000 | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Established operators seeking annual-rate plant finance up to £2 million | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Large plant purchases with flexible monthly terms up to £5 million | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | High-value equipment funding structured with annual interest payments | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Comparing equipment lease options across a wide value range | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Firms preferring bank-backed plant finance with a familiar high-street lender | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-to-large machinery purchases with transparent annual interest rates | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Included for comparison; covers entry-level to high-value equipment funding | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Major plant investments backed by a specialist asset finance provider | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Very large plant acquisitions needing bespoke funding and tailored terms | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets businesses spread the cost of plant and machinery over time while using the equipment itself as security. This structure suits established firms acquiring heavy or specialist assets where the machinery holds strong resale value, because the lender's risk is anchored to the asset rather than to unrestricted cash flow. Instead of tying up capital in a single upfront payment, the business preserves working capital for day-to-day operations. A £800,000 plant finance facility can fund production-line equipment, heavy construction machinery, or a fleet of industrial vehicles.
Comparing plant finance lenders at this level means looking beyond the headline rate. The interest structure — whether calculated monthly or annually — affects cash flow differently depending on the asset type and repayment term. Some lenders specialise in particular plant categories and may offer sharper pricing for equipment they understand well. Funding speed, early settlement penalties, and whether the lender requires additional security beyond the asset itself all carry weight. For an £800,000 facility, also confirm whether the lender caps exposure at a percentage of asset value or offers full funding.
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: For plant and machinery acquisitions at the £800,000 level, cost matters. Reward Funding charges monthly interest from 0.99%, which keeps repayments predictable on larger facilities. The lender funds equipment, vehicles and productive assets through a revolving credit structure that lets you draw as needs arise. The trade-off is that facilities require suitable security and may involve valuation or legal costs.
Best next step: Compare revolving asset finance rates for plant.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly rates from 0.99%
- Revolving facility up to £5M
- Funds within 24 hours
Need to know
- Security and valuations required
- Legal costs may apply
- Asset eligibility checks needed
Expert take
A flexible asset-based lender built for businesses scaling in stages. For £800,000 plant finance, Reward's cost structure keeps monthly payments lean on facilities where every basis point matters.
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 turns applications around within 24 hours, so plant acquisitions do not stall while you wait for credit decisions. Annual rates sit between 11% and 16%, and the lender funds assets from £10,000 to £2 million. The funding is tied directly to the equipment, which preserves your working capital for other needs.
Best next step: Get a plant finance decision within 24 hours.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding decisions in 24 hours
- Preserves working capital
- Fixed-rate asset finance
Need to know
- Rates 11% to 16% annually
- Asset-linked, deposit may apply
- Equipment eligibility required
Expert take
A fast-moving asset finance provider that prioritises turnaround speed. For £800,000 plant finance, Liberty suits businesses that have already identified equipment and need funding released quickly to secure a purchase before prices shift.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard ranks among the UK's most established asset finance names, funding plant and machinery up to £5 million. Monthly rates range from 4% to 11.5%, and the lender brings decades of experience underwriting heavy equipment for manufacturing, construction and logistics. The main limitation is that asset eligibility checks and deposits can slow the process compared to smaller specialist lenders.
Best next step: Explore plant funding up to £5 million.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funds up to £5 million
- Decades of sector experience
- 24-hour initial decisions
Need to know
- Monthly rate structure applies
- Asset eligibility checks required
- Deposits may be needed
Expert take
A long-standing institution with deep experience in heavy plant funding. For £800,000 plant finance, Lombard's underwriting familiarity with construction and manufacturing assets means fewer surprises during the approval process.
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 suits plant buyers who also carry significant B2B receivables. The lender can structure a combined facility using unpaid invoices alongside new equipment as security, often unlocking more capital than standalone asset finance. Annual rates run from 5.5% to 13.5%, and total facilities reach £5 million. The catch is that invoice quality and debtor concentration affect terms.
Best next step: Combine invoice and asset finance for plant purchases.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combines invoice and asset finance
- Annual rates from 5.5%
- Total facilities to £5M
Need to know
- Invoice quality affects terms
- Debtor concentration reviewed
- Asset eligibility checks apply
Expert take
A lender that blends invoice discounting with asset finance under one facility. For £800,000 plant finance, this dual approach frees up more capital than asset finance alone, particularly when your sales ledger is strong.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing can deliver funding decisions in as little as four hours, among the fastest turnaround times available for plant finance. Annual rates sit between 5.5% and 13.5%, and the lender handles equipment leasing from £1,000 upwards with no published upper limit. Bear in mind that larger facilities typically require strong trading history and affordability evidence.
Best next step: Secure plant funding in as little as 4 hours.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decisions in 4 hours
- Annual rates from 5.5%
- No published upper limit
Need to know
- Strong trading history needed
- Affordability evidence required
- Personal guarantee may apply
Expert take
A responsive equipment leasing provider built for speed. For £800,000 plant finance, Admiral's rapid turnaround helps when machinery needs to be secured before a competitor snaps it up or a project deadline looms.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Annual rates from 8.5% and a facility ceiling of £25 million make Barclays a competitive high-street option for plant finance. The bank funds assets from £1,000 and can bundle plant agreements with overdrafts, commercial mortgages and broader banking facilities. The trade-off is that bank underwriting runs slower and demands more documentation than alternative lenders.
Best next step: Check Barclays plant finance rates and terms.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities up to £25 million
- Bundles with banking products
- Established UK high-street lender
Need to know
- Bank underwriting is slower
- Strong trading history required
- Documentation requirements heavier
Expert take
A high-street bank with the balance sheet to fund the largest plant acquisitions. For £800,000 plant finance, Barclays works well if you already bank there and value relationship pricing over turnaround speed.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Businesses needing plant finance alongside wider working capital can look to Acorn Business Finance, which writes asset, revolving and term facilities under one roof. Annual rates range from 8% to 15% on facilities from £15,000 to £5 million. The limitation is that larger facilities may require personal guarantees and detailed affordability evidence.
Best next step: View plant and wider business funding options.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Rates from 8% annually
- Multiple finance products available
- 24-hour initial response
Need to know
- Personal guarantee may apply
- Affordability checks for large facilities
- Asset eligibility criteria apply
Expert take
A multi-product finance house that can handle plant purchases alongside wider business funding. For £800,000 plant finance, Acorn suits firms that want one lender relationship across asset, term and acquisition needs.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: Propel Finance offers asset finance starting from £500 with annual rates ranging between 5% and 20%. The wide rate band means stronger applications land towards the lower end, while the lender's appetite across ticket sizes suits businesses building mixed plant inventories. Funding takes two to five days, and asset eligibility and valuation checks apply as standard.
Best next step: Compare asset finance rates from 5% annually.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Rates starting from 5%
- Funds assets from £500
- Mixed fleet financing available
Need to know
- Funding takes 2-5 days
- Higher rates for weaker profiles
- Asset valuation required
Expert take
A volume-focused asset funder with a broad rate spectrum. For £800,000 plant finance, Propel rewards strong credit with competitive pricing and can accommodate profiles that fall outside high-street criteria.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Mid-market plant buyers who want specialist banking without high-street bureaucracy often turn to Aldermore Asset Finance. Facilities stretch to £10 million with annual rates from 5%, and the lender has built a reputation for handling asset finance at scale without the friction associated with larger clearing banks. Deposits and asset valuations are standard requirements.
Best next step: Explore mid-market plant finance from a specialist bank.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £10 million
- Annual rates from 5%
- Specialist bank, not high-street
Need to know
- 48-hour decision timeline
- Deposits typically required
- Asset valuation needed
Expert take
A specialist bank that bridges the gap between high-street lenders and boutique funders. For £800,000 plant finance, Aldermore's £10 million ceiling and mid-market focus mean your application is not competing with micro-ticket volume.
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: Transport, manufacturing and construction businesses funding heavy plant at scale frequently work with Close Brothers. Bespoke monthly rates start around 3.5%, and facilities stretch from £25,000 to £100 million with underwriting tailored to the asset class. The process is thorough, and documentation requirements reflect the institutional nature of the lender.
Best next step: Check bespoke plant finance rates for heavy machinery.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke rates from 3.5%
- Facilities up to £100 million
- Sector-specialist underwriting
Need to know
- Thorough underwriting process
- Heavy documentation required
- Minimum facility £25,000
Expert take
An institutional funder with deep sector expertise in transport, manufacturing and construction. For £800,000 plant finance, Close Brothers' underwriting teams understand heavy machinery assets better than generalist lenders.
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How plant finance works for £800,000 machinery purchases
Plant finance at the £800,000 level typically takes the form of a hire purchase or finance lease agreement. The lender buys the machinery on your behalf and you repay the cost plus interest over an agreed term, usually between one and seven years.
With hire purchase, you own the asset once the final payment clears. A finance lease keeps ownership with the lender, but you gain full use of the equipment throughout the term. At £800,000, most lenders will also secure the finance against the asset itself, meaning the machinery acts as collateral.
LTV ratios vary. Propel Finance and Aldermore Asset finance both publish up to 100% LTV, while Reward Funding caps at 85% and Close Brothers at 90%. A higher LTV means less upfront cash from your business, though it may affect the rate offered.
Lender requirements for a £800,000 plant finance application
At £800,000, lenders will scrutinise your application more closely than for smaller facilities. Most expect a personal guarantee from directors. Reward Funding, Liberty Leasing, Time Finance, Aldermore Asset finance and Close Brothers all require personal guarantees as standard.
Turnover expectations also rise with the facility size. Close Brothers asks for a minimum turnover of £500,000, while Lombard sets its floor at £25,000. Aldermore Asset finance imposes no minimum turnover requirement, which broadens access for profitable but lower-revenue businesses.
Trading history matters. Lombard and Close Brothers both need at least one year of filed accounts. Aldermore accepts businesses from six months. None of the lenders on this list require homeownership, so directors without property assets are not excluded.
Documents needed to secure £800,000 in plant finance
For an £800,000 facility, lenders will expect a full financial picture. You should prepare at least two years of filed accounts, recent management accounts, and bank statements covering the last six months. Business forecasts and a cash flow projection will also strengthen your application.
The asset itself needs documenting. Lenders will want the supplier quote, full machinery specification, and often an independent valuation, particularly for specialist or second-hand plant. If the equipment is being imported, proof of supplier credentials and shipping timelines become relevant.
Director information is standard. Expect to provide proof of identity, address, and a statement of personal assets and liabilities. At £800,000, some lenders may also request details of existing asset finance facilities and any other secured borrowing your business holds.
Comparing rates and terms on £800,000 plant finance deals
Rates for £800,000 plant finance span a wide range, and the structure you choose matters. Some lenders quote monthly, others annually. Reward Funding publishes rates from 0.99% to 3% per month, while Lombard ranges from 4% to 11.5% per month. Close Brothers sits between 3.5% and 10% per month.
Annual-rate lenders offer a different cost profile. Liberty Leasing and Admiral leasing both quote 5.5% to 13.5% per year. Barclays ranges from 8.5% to 14.9% per year, and Aldermore Asset finance spans 5% to 15% per year. Always convert to a like-for-like basis before comparing.
Term length also affects total cost. Most lenders cap terms between five and seven years, though Barclays extends to 25 years for larger deals. Shorter terms mean higher monthly payments but lower total interest. The right balance depends on your operating cash flow and how quickly the plant generates revenue.
