Top 10 Lenders to Secure £850,000 Haulage Finance in 2026
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Top 10 £850,000 Haulage Finance Lenders Compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established haulage firms funding multiple HGVs or large fleet additions | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Growing transport businesses refinancing or acquiring commercial vehicle fleets | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Transport operators needing structured finance for heavy goods vehicle fleets | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Haulage companies seeking fixed-rate funding for fleet and trailer assets | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Included for comparison; equipment leasing for transport firms from £1,000 | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Large haulage fleets benefiting from bank-backed asset finance facilities | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Included for comparison; mid-market hauliers requiring fleet expansion funding | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Included for comparison; accessible asset finance for varied transport equipment | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Included for comparison; experienced funder for growing haulage and logistics fleets | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Included for comparison; major fleet funding for established logistics operators | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets haulage companies spread the cost of HGVs, trailers, and fleet vehicles over time instead of paying upfront. The lender purchases the asset and you repay in fixed instalments, with the vehicle serving as security. This suits transport businesses because it preserves working capital while adding revenue-generating assets. An £850,000 facility can fund multiple tractor units, a batch of trailers, or a mix of rigid trucks and specialist equipment.
Comparison goes beyond headline rates. For haulage finance at this level, check the deposit requirement, which typically ranges from 10% to 30% of the asset value. Look at whether lenders offer hire purchase, finance lease, or operating lease, as each affects tax and balance sheet treatment differently. Confirm whether balloon payments are available to lower monthly costs. Also assess whether the lender understands transport assets and can value specialist commercial vehicles accurately.
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: Haulage firms financing HGVs and trailers at scale often find Reward Funding's rate structure the main draw, with monthly interest starting from 0.99%. The lender funds asset purchases from £100,000 to £5 million, covering fleet-level investment. Funding can complete within 24 hours once approved. The facility is asset-backed, so the vehicles serve as security throughout the term.
Best next step: Compare fleet finance rates against your current borrowing costs
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low monthly rates from 0.99%
- Funds large fleet purchases efficiently
- Quick 24-hour completion possible
Need to know
- Asset-backed, vehicles serve as security
- Deposit likely required on HGV purchases
- Monthly rate structure, not annual APR
Expert take
A secured asset lender built for mid-to-large facilities, Reward Funding suits haulage operators scaling fleet. The asset-backed model keeps rates competitive for firms putting up clean, late-model HGVs as collateral.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Transport operators who need a straightforward asset finance decision within 24 hours often turn to Liberty Leasing. The lender covers vehicle and trailer purchases from £10,000 up to £2 million, suiting single HGVs or mixed fleet additions. Rates run from 11% to 16% annually. Funding is tied directly to the asset being acquired.
Best next step: Get a quick decision on HGV or trailer finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Decisions within 24 hours
- Covers single vehicles to full fleets
- Annual rate, easy total-cost comparison
Need to know
- Rates from 11% to 16% per annum
- Asset serves as security for the term
- Deposit or part-exchange may be needed
Expert take
A no-frills asset finance house with fast turnaround, Liberty Leasing works well for haulage businesses needing quick vehicle funding. The annual rate structure gives clear total-cost visibility on fleet purchases.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: A long-established name in UK vehicle finance, Lombard understands the haulage sector's equipment cycles. The lender funds fleet assets up to £5 million, covering HGVs, trailers, and specialist transport kit. Monthly rates range from 4% to 11.5%. Funding decisions typically land within 24 hours. The lending is asset-secured, with the vehicle or equipment acting as collateral.
Best next step: Speak to a lender that knows fleet lifecycles
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Deep transport-sector experience
- Funds up to £5 million
- Quick 24-hour lending decisions
Need to know
- Monthly interest, not annual rate
- Vehicle acts as security
- Strong trading history expected
Expert take
A mainstream asset funder with deep transport-sector experience, Lombard brings fleet-knowledgeable underwriting to haulage finance. Established operators benefit from the lender's familiarity with HGV valuations and vehicle lifecycles.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Haulage firms with strong receivables can pair Time Finance's invoice facility with asset funding, turning unpaid customer invoices into working capital while separately financing fleet purchases. Annual rates on the asset side run from 5.5% to 13.5%. The combined approach helps transport businesses manage the cash-flow gap between paying drivers and waiting for customer settlement.
Best next step: Explore combined invoice and asset finance for haulage
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combines invoice and asset finance
- Annual rates for clear cost comparison
- Up to £5 million facility size
Need to know
- Invoice quality affects facility terms
- Revolving limits may be reviewed
- Asset-backed, vehicles as security
Expert take
A flexible funder blending invoice and asset finance under one roof, Time Finance works for hauliers needing both fleet funding and working-capital cover. Operators with strong debtor books get better terms across both facilities.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Speed-sensitive haulage operators who need a funding decision within hours gravitate toward Admiral Leasing, which can turn around applications in as little as four hours. The lender covers equipment and vehicle finance from £1,000 upwards, with annual rates between 5.5% and 13.5%. The rapid turnaround suits fleet buyers facing time-limited deals on HGVs or trailers.
Best next step: Get a same-day decision on fleet finance
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decisions in as little as 4 hours
- Annual rates, easy cost comparison
- Covers equipment alongside vehicles
Need to know
- May require personal guarantee
- Trading history typically checked
- Asset-secured, vehicle as collateral
Expert take
A quick-decision leasing house, Admiral suits transport firms that need to move fast on vehicle purchases. The lean application process helps owner-operators secure stock before it goes to another buyer.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Existing Barclays business customers often get smoother asset finance approvals for haulage fleet purchases, with the bank able to review trading history through its own current-account data. Annual rates on asset finance sit between 8.5% and 14.9%. The lender covers everything from a single trailer to a £25 million fleet programme. Bank underwriting tends to be thorough, so strong affordability evidence helps.
Best next step: Check asset finance rates with your business bank
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Relationship benefits for existing customers
- Very large facility ceiling available
- Annual rate structure for clarity
Need to know
- Bank underwriting can be slower
- Strong trading history expected
- May ask for personal guarantee
Expert take
A high-street bank with a broad asset finance arm, Barclays works for haulage operators wanting fleet funding alongside everyday banking. The single-relationship model cuts paperwork on repeat vehicle purchases.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Acorn Business Finance's broad product suite lets haulage companies mix asset finance for vehicle purchases with revolving credit for working capital, all under one relationship. Annual rates on asset funding start at 8% and reach 15%. Loan sizes span £15,000 to £5 million. The lender also covers acquisition finance, which can help transport firms buying a competitor's fleet.
Best next step: Compare multi-product funding for fleet expansion
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Multiple finance products available
- Acquisition funding for fleet buyouts
- Annual rates from 8%
Need to know
- Secured lending, assets as collateral
- Trading record likely reviewed
- Revolving limits may vary
Expert take
A multi-product lender covering asset, revolving, and acquisition finance, Acorn fits haulage firms pursuing growth through fleet expansion or competitor buyouts. The blended approach keeps working capital free while funding new vehicles.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: Propel Finance opens asset funding to haulage operators of nearly any scale, with facilities starting from just £500 and annual rates between 5% and 20%. The lender funds HGVs, trailers, and transport equipment through straightforward asset finance. Funding typically completes within two to five days. The wide rate band means credit profile heavily influences the final cost.
Best next step: Check your rate band before committing to a term
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Very low minimum facility size
- Wide rate band for varied credit
- Straightforward asset finance terms
Need to know
- Funding takes 2 to 5 days
- Rate depends heavily on credit
- Asset serves as security
Expert take
A broad-access asset funder with a low entry threshold, Propel suits smaller haulage firms and owner-operators adding a single vehicle. Clean credit histories get the sharpest end of the rate band.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore covers haulage asset finance from £1,000 to £10 million, accommodating everything from a single trailer replacement to a substantial fleet investment. Annual rates range from 5% to 15%. The lender typically delivers decisions within 48 hours, which suits planned fleet renewals rather than time-critical purchases. Asset-backed terms tie the finance to the vehicles being acquired.
Best next step: Plan fleet investment with a wide-range lender
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Very wide facility range
- Competitive annual rates from 5%
- Suitable for planned fleet renewal
Need to know
- 48-hour decision timeline
- Asset-secured, vehicles as collateral
- Planned purchases suit best
Expert take
A broad-range asset funder with a £10 million ceiling, Aldermore fits mid-to-large haulage firms planning structured fleet investment. The lender's scale suits multi-vehicle programmes rolled out over several months.
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 explicitly targets the transport sector among its core lending markets, with a deep understanding of haulage business models and fleet economics. Facilities run from £25,000 to £100 million, with bespoke monthly rates between 3.5% and 10%. The lender serves established mid-market firms turning over £500,000 or more. Decisions typically complete within 24 hours for qualified applicants.
Best next step: Speak to a lender that prioritises transport sector
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Transport is a core lending sector
- Bespoke pricing for large facilities
- Very high facility ceiling available
Need to know
- £500k minimum turnover expected
- Monthly bespoke rate structure
- Mid-market focus, not for start-ups
Expert take
A mid-market specialist with transport named as a priority sector, Close Brothers brings genuine haulage-sector underwriting to large fleet finance. Operators acquire mixed fleets on terms shaped around vehicle type and expected mileage.
Asset Finance Calculator
How asset finance works for £850,000 haulage fleet purchases
Asset finance lets haulage companies spread the cost of HGVs, trailers and specialist vehicles over time rather than paying £850,000 upfront. The two main structures are hire purchase and finance lease.
With hire purchase, you make fixed monthly payments and own the vehicles outright once the final payment clears. Finance lease gives you use of the assets for an agreed term, with the lender retaining ownership. At the end, you can extend the lease, return the vehicles or sell them and keep a share of the proceeds.
Both options keep working capital free for fuel, maintenance and driver costs. For an £850,000 fleet investment, most lenders on this page can accommodate the facility size. Close Brothers publishes an upper limit of £100,000,000, whilst Lombard and Reward Funding each go to £5,000,000.
The vehicles themselves act as security, which means rates are typically lower than unsecured borrowing.
What deposit to expect on £850,000 haulage vehicle finance
Most asset finance lenders ask for a deposit between 10% and 30% of the vehicle value. On an £850,000 fleet purchase, that means putting down roughly £85,000 to £255,000 from your own funds.
Some lenders offer up to 100% asset finance, removing the need for a cash deposit. Aldermore and Propel Finance both publish a maximum loan-to-value of 100%, meaning the full purchase price can be financed. Reward Funding caps LTV at 85%, so a 15% deposit would apply.
Repayment terms for haulage finance typically run from three to seven years. Admiral leasing and Aldermore both publish terms of one to seven years. Longer terms reduce monthly payments but increase total interest cost.
A well-structured deal matches the repayment period to the expected working life of the vehicles. Most HGVs remain in front-line service for five to seven years before replacement becomes necessary.
Secured versus unsecured borrowing for £850,000 transport fleet investment
For an £850,000 haulage finance requirement, asset-backed lending is the standard route. The vehicles serve as collateral, giving lenders confidence to offer larger sums at more competitive rates.
Unsecured business loans at this scale are harder to obtain. They typically carry higher rates because the lender has no direct claim on your fleet if repayments stall. Most transport businesses find that asset finance delivers better value.
Rate structures vary across the lenders listed here. Reward Funding publishes rates from 0.99% to 3% per month. Lombard sits in the 4% to 11.5% per month range. On the annual side, Time Finance and Admiral leasing both quote between 5.5% and 13.5% annually. Close Brothers publishes bespoke rates from 3.5% to 10% per month.
Personal guarantees are common. Liberty Leasing, Time Finance, Aldermore, Close Brothers and Reward Funding all require directors to provide a personal guarantee, which means your personal assets could be at risk if the business defaults.
What haulage businesses need to qualify for £850,000 fleet finance
Lenders look at several factors when assessing a haulage business for large-scale asset finance. Trading history matters. Lombard and Close Brothers both require a minimum of one year in business, whilst Aldermore asks for just six months.
Turnover thresholds also apply. Close Brothers expects at least £500,000 in annual revenue. Lombard sets its floor at £25,000, making it more accessible to smaller operators who are scaling up.
Beyond the numbers, lenders want evidence of reliable income. Established contracts with logistics clients, a clean operator licence record and well-maintained existing fleet all strengthen your application. A haulage business with regular routes and long-term customer agreements presents lower risk than a start-up with no track record.
How you use the £850,000 also matters. A clear plan for fleet expansion or renewal, with projected revenue from the new vehicles, helps underwriters see the commercial logic. The assets being financed should directly support income generation.
