Top 10 Lenders to Secure £850,000 Equipment Finance in the UK – 2026
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Top 10 Equipment Finance Lenders for £850,000
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established businesses funding high-value plant and machinery | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Mid-to-large equipment purchases with flexible structuring needs | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Businesses needing large-scale asset finance from an established name | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Established firms funding diverse equipment across multiple asset types | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Businesses comparing leasing options alongside mainstream lenders | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Businesses wanting equipment finance through their existing banking relationship | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Firms seeking a broker-led approach to high-value asset funding | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Comparing specialist asset finance providers for larger transactions | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Businesses needing flexible asset finance with a wide lending range | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Substantial asset finance with bespoke terms for larger corporates | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets businesses spread the cost of equipment over time while using the asset itself as security. For established UK businesses, this structure is particularly effective because it preserves working capital and can open access to larger funding amounts than unsecured lending. An £850,000 facility can fund everything from heavy plant machinery to commercial vehicle fleets, making it a practical choice for substantial capital investment.
Comparing lenders at this level means looking beyond headline rates. The total cost of borrowing, including arrangement fees and residual value terms, can vary significantly between providers. Lender appetite for specific asset types matters too. Some favour construction equipment, others prefer manufacturing plant. Repayment flexibility, the choice between hire purchase and finance lease, and whether the lender can structure seasonal or balloon payments should also shape your decision.
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 around high-value equipment, using the machinery or vehicles themselves as security rather than relying solely on trading history. Monthly rates from 0.99% keep servicing costs manageable. The lender funds up to £5 million per facility. Expect asset valuation and legal checks as part of the process.
Best next step: Check eligibility and get an equipment finance quote
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly rates from 0.99% on larger facilities
- Funding secured against the equipment itself
- Facility ceiling of £5 million
Need to know
- Asset valuation required before drawdown
- Legal costs may apply
- Security tied to specific equipment
Expert take
A flexible asset-based lender comfortable with mid-to-large facilities. For an £850,000 equipment finance deal, the security-backed structure and competitive monthly rates work in the borrower's favour, particularly when the asset holds strong resale value.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Annual rates between 11% and 16% make Liberty Leasing a competitive option for businesses seeking £850,000 in equipment finance. The lender links funding directly to the asset, which helps preserve working capital that might otherwise be tied up in an outright purchase. Funding can be arranged within 24 hours once the asset details are signed off.
Best next step: Compare annual rates for your equipment purchase
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 11% to 16%
- Funding linked to tangible business assets
- Decisions within 24 hours
Need to know
- Deposits may be required
- Asset eligibility checks apply
- Funding tied to specific equipment
Expert take
A straightforward asset finance provider with a no-frills approach. For an £850,000 equipment purchase, the annualised rate structure gives clarity on total cost, and tying the facility to the asset keeps other credit lines free for day-to-day needs.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard can turn around an £850,000 equipment finance application within 24 hours, which matters when a time-sensitive purchase is on the line. The lender funds up to £5 million per facility, backed by the asset itself. Monthly rates range from 4% to 11.5%, and the lender's long-standing presence in UK asset finance means underwriting processes are well established.
Best next step: Apply for fast equipment finance with Lombard
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding decisions within 24 hours
- Facilities up to £5 million
- Decades of asset finance underwriting experience
Need to know
- Monthly rates require annualised cost check
- Asset valuation likely needed
- Deposits may apply
Expert take
A household name in UK asset finance with decades of underwriting experience. For an £850,000 equipment deal, Lombard's speed and established processes reduce friction for time-sensitive purchases.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Repayments structured around the equipment's useful life help businesses match cost to value when financing £850,000 worth of machinery or vehicles. Time Finance offers annual rates from 5.5% to 13.5%, giving clarity on total borrowing cost. The lender can also provide invoice finance alongside equipment funding, useful for firms wanting to streamline working capital.
Best next step: Explore asset finance with flexible repayment terms
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5.5% to 13.5%
- Repayments aligned to asset lifespan
- Complementary invoice finance available
Need to know
- Suitability tied to asset type
- Business trading history reviewed
- Deposits may be required
Expert take
A versatile lender blending asset finance with working capital solutions. For an £850,000 equipment purchase, annual rate transparency and repayment flexibility are genuine strengths, particularly for B2B firms that can also use the lender's invoice finance.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing starts equipment finance from just £1,000, which signals a lender comfortable assessing deals of all sizes, including an £850,000 purchase. Annual rates between 5.5% and 13.5% keep cost predictable. Turnaround can be as quick as four hours for straightforward cases. The lender's property and bridging background suggests a flexible approach to security structures.
Best next step: See if your equipment purchase qualifies
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5.5%
- Decisions possible within four hours
- Flexible approach to security structures
Need to know
- Strong trading history expected
- Personal guarantee may be needed
- Legal and valuation costs apply
Expert take
A lender with roots in property and bridging finance, now active in equipment leasing. For an £850,000 equipment deal, the cross-sector experience can be an asset when structuring larger, more complex transactions that do not fit a standard template.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: From £1,000 to £25 million, Barclays' asset finance range covers everything from small tools to heavy plant. Annual rates run from 8.5% to 14.9%, and businesses already banking with Barclays may find the application process smoother thanks to existing relationship data. Underwriting follows standard bank procedures, so expect detailed affordability and trading history checks.
Best next step: Get an equipment finance quote from Barclays
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities from £1,000 to £25 million
- Annual rates from 8.5%
- Bundling with other bank facilities possible
Need to know
- Bank underwriting can be slower
- Strong trading history needed
- Personal guarantee may apply
Expert take
A high-street bank with the balance sheet for large equipment deals. For an £850,000 purchase, Barclays' mainstream profile and annual rate structure suit established businesses that value relationship banking alongside asset finance.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Specialist and premium asset coverage sets Acorn Business Finance apart for an £850,000 equipment purchase where the machinery may not fit standard finance templates. Annual rates run from 8% to 15%, and the lender's revolving credit option means repeat equipment buys can be folded into the same facility structure. Facilities go up to £5 million.
Best next step: Check eligibility for specialist equipment funding
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Annual rates from 8%
- Covers specialist and premium assets
- Revolving credit option available
Need to know
- Strong trading history expected
- Asset valuation may be needed
- Security and legal costs apply
Expert take
A broad-spectrum asset finance broker with access to multiple funding lines. For an £850,000 equipment deal, Acorn's reach across specialist and premium finance categories helps when the asset type falls outside mainstream lender appetite.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: Propel Finance funds equipment from as little as £500, a low entry point that reflects a lender set up to assess a wide range of deal sizes, including an £850,000 purchase. Annual rates span 5% to 20%, with pricing driven by asset type and credit profile. Funding typically completes within two to five days, balancing speed with thorough underwriting.
Best next step: Compare equipment finance rates for your purchase
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5%
- Funding from £500 to large facilities
- Completion within two to five days
Need to know
- Rate depends on asset and credit
- Deposits may be required
- Asset eligibility checks apply
Expert take
A volume-driven asset finance provider comfortable with deals of all sizes. For an £850,000 equipment purchase, strong credit profiles land at the cheaper end of the 5% to 20% rate band, so preparation and asset quality directly influence cost.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore Asset finance covers equipment purchases from £1,000 to £10 million, with annual rates between 5% and 15%. The lender is known for taking a case-by-case approach to underwriting rather than applying rigid sector or asset exclusions, which helps when financing less standard equipment types. Funding typically completes within 48 hours.
Best next step: Explore case-by-case equipment funding options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5%
- Case-by-case underwriting approach
- Facilities up to £10 million
Need to know
- 48-hour turnaround typical
- Asset type still subject to review
- Trading history will be assessed
Expert take
A challenger bank asset finance arm that underwrites on a deal-by-deal basis. For an £850,000 equipment purchase, this flexible approach to asset type and sector can open doors that more rigid lenders keep shut, particularly for specialist machinery.
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: A lending ceiling of £100 million puts Close Brothers in a different league for equipment finance. Monthly rates are bespoke, typically 3.5% to 10%, and the lender brings deep sector knowledge to transport, manufacturing, and construction deals. For an £850,000 equipment purchase, expect a thorough but informed assessment from underwriters who understand these industries.
Best next step: Check sector-specific equipment finance rates
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £100 million
- Deep sector expertise in key industries
- Bespoke pricing for larger deals
Need to know
- Monthly rates, not annual
- £25,000 minimum facility
- Mid-market focus, £500k+ turnover
Expert take
A heavyweight in UK asset finance with a balance sheet to match. For an £850,000 equipment deal, Close Brothers' depth in transport, manufacturing and construction means sector-specific underwriting knowledge that generic lenders cannot replicate.
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Eligibility criteria for £850,000 equipment finance
Lenders funding £850,000 in equipment finance typically expect an established business with consistent turnover. Among the providers on this list, minimum turnover requirements range from £25,000 at Lombard to £500,000 at Close Brothers. Aldermore Asset Finance sets no minimum turnover threshold, making it accessible to smaller firms purchasing high-value equipment.
Trading history varies by lender. Aldermore accepts businesses trading for six months, while Lombard and Close Brothers both require at least one year. For other lenders on this list, minimum business age is not publicly confirmed.
A personal guarantee is standard at this borrowing level. Reward Funding, Liberty Leasing, Time Finance, Aldermore, and Close Brothers all require directors to provide one. The equipment itself acts as primary security, with lenders registering a charge over the asset. Underwriters assess resale value and your ability to service repayments from cash flow when reaching a decision.
Rate and cost expectations for £850,000 equipment finance
Interest rates for £850,000 equipment finance vary across lenders, driven by the asset type, your credit profile, and the repayment term. Monthly rate structures start from 0.99% at Reward Funding, with Lombard ranging from 4% to 11.5% per month and Close Brothers quoting bespoke rates between 3.5% and 10% per month.
Annual percentage rates offer a simpler comparison. Aldermore Asset Finance publishes rates from 5% to 15% per year, while Time Finance sits at 5.5% to 13.5% per year. Barclays offers equipment finance from 8.5% to 14.9% per year and Liberty Leasing from 11% to 16% per year. Propel Finance spans a wider band at 5% to 20% per year.
The headline rate you receive depends heavily on the equipment being funded. Hard assets with strong resale values, such as construction plant or commercial vehicles, attract lower rates than bespoke or specialist machinery. A longer trading history and stronger balance sheet also push rates towards the lower end of published ranges.
Lease purchase versus hire purchase for £850,000 equipment deals
Choosing between a finance lease and hire purchase shapes ownership, tax treatment, and your balance sheet for an £850,000 equipment purchase.
With a hire purchase agreement, your business owns the asset once the final payment clears. You can claim capital allowances on the equipment and spread the VAT on the purchase price. This option suits businesses that want the equipment as a long-term owned asset and can manage the upfront VAT payment.
A finance lease keeps the asset off your balance sheet. Your business pays fixed monthly rentals for an agreed term and can typically continue using the equipment for a secondary rental period afterwards. VAT is payable on each rental rather than the full purchase price, which can ease cash flow. The lessor retains ownership, so the equipment does not appear as a company asset.
At the £850,000 level, the VAT difference alone can be substantial. Discussing both structures with your broker helps you match the facility to your accounting approach and cash flow position.
Comparing lenders for £850,000 asset finance
When comparing lenders for £850,000 in equipment finance, loan-to-value ratios and maximum loan sizes are practical starting points. The table below shows confirmed LTV caps from three lenders on this page.
| Lender | Max Loan | Max LTV |
|---|---|---|
| Close Brothers | £100,000,000 | 90% |
| Aldermore Asset Finance | £10,000,000 | 100% |
| Reward Funding | £5,000,000 | 85% |
Aldermore and Propel Finance both offer up to 100% LTV, meaning the full equipment cost can be funded without a deposit. Reward Funding requires at least a 15% contribution from your own funds. Term lengths also shape your monthly commitment. Close Brothers and Aldermore offer terms between one and seven years. Barclays extends to 25 years. Spreading £850,000 over a longer term cuts monthly payments but adds total interest. Shorter terms keep overall cost down but demand higher monthly outlay. Use published rate ranges to model repayments that fit your cash flow before committing.
