Top 10 Lenders to Secure £850,000 Plant Finance in 2026
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Top plant finance lenders for £850,000 manufacturing equipment
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established manufacturers funding production lines and heavy plant | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Manufacturers needing fast decisions on mid-to-large plant assets | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Manufacturers wanting flexible asset finance with sector expertise | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Established manufacturers funding large-ticket machinery purchases | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Manufacturers comparing leasing options for heavy plant equipment | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Manufacturers wanting a bank-backed plant finance comparison | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-to-large manufacturers comparing plant finance broker options | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Manufacturers considering flexible plant and machinery funding | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Manufacturers needing plant finance alongside broader asset funding | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Large manufacturers funding high-value plant on bespoke terms | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Plant finance is a type of asset finance that lets manufacturing businesses acquire heavy machinery, production lines and industrial equipment by spreading the cost over the asset's working life rather than paying upfront. The equipment itself secures the borrowing, which typically means more favourable rates than unsecured lending and preserves working capital for raw materials, payroll and growth. For an established manufacturer, an £850,000 facility can fund a complete production line upgrade or several CNC machines without depleting cash reserves.
Comparing plant finance lenders goes beyond the headline rate. The repayment structure is critical — hire purchase builds ownership and claims capital allowances, while a finance lease can keep the asset off-balance-sheet. Check whether the lender has genuine manufacturing experience, as specialist funders often offer stronger residuals on production machinery. Early settlement penalties, seasonal payment flexibility and credit underwriting speed all affect the real cost of an £850,000 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: Monthly interest rates from 0.99% make Reward Funding a cost-conscious choice for manufacturers financing £850,000 in heavy plant equipment. The lender structures repayment against the asset's productive life. Facilities can reach £5m, suiting businesses that plan to scale their machinery fleet. Expect asset valuations and a security review as part of the underwriting process.
Best next step: Compare asset-backed rates for manufacturing plant finance here.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low monthly rates from 0.99%
- Facilities up to £5m for scaling
- Revolving credit for repeat equipment purchases
Need to know
- Asset valuation required before approval
- Security review forms part of underwriting
- Rates rise with perceived risk
Expert take
A revolving asset lender that rewards established trading histories. For a manufacturer funding £850,000 in plant, the low starting rates and facility size create genuine headroom.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Funding decisions within 24 hours help manufacturers secure £850,000 in plant without delaying production schedules. Liberty Leasing structures asset finance between £10,000 and £2m, with annual rates from 11%. The straightforward approach to equipment-backed lending suits firms that need a clear, no-frills route to machinery finance. Expect a deposit contribution and asset eligibility checks.
Best next step: Get a same-day decision on manufacturing plant finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Decisions often within 24 hours
- Straightforward asset-backed structure
- Preserves working capital for operations
Need to know
- Annual rates start from 11%
- Deposit contribution typically required
- Asset must pass eligibility checks
Expert take
A direct asset funder that moves at pace when the equipment stack is straightforward. Manufacturers with strong books see an £850,000 plant facility land quickly here, making it a practical option when production deadlines bite.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Facilities reaching £5m give manufacturers room to finance £850,000 in plant while keeping the door open for future equipment additions. Lombard, part of NatWest Group, brings institutional backing to asset finance with monthly rates from 4%. The lender understands heavy machinery lifecycles across manufacturing sectors. Underwriting favours businesses with audited accounts and clear asset utilisation records.
Best next step: Explore Lombard's plant finance options through our panel.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £5m available
- Institutional backing from NatWest Group
- Monthly rates from 4%
Need to know
- Audited accounts typically expected
- Asset utilisation records reviewed
- Monthly rate structure applies
Expert take
A bank-backed asset funder with deep manufacturing sector knowledge. An £850,000 plant facility fits comfortably within their appetite, and the institutional funding model supports consistent pricing for established operators.
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 combines asset finance with invoice discounting, giving manufacturers a way to fund £850,000 in plant while also unlocking cash tied up in debtor books. Annual rates from 5.5% sit at the sharper end for secured lending. The dual-product model suits manufacturers whose working capital cycles need managing alongside equipment investment. Full financial disclosure is expected during underwriting.
Best next step: See how asset and invoice finance combine for plant purchases.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Asset and invoice finance under one roof
- Annual rates from 5.5%
- Facilities reach £5m
Need to know
- Full financial disclosure required
- Working capital product tied to invoices
- Asset eligibility checks apply
Expert take
A dual-product lender bridging asset and cashflow funding for manufacturers. An £850,000 plant facility alongside invoice finance gives production businesses room to manage both sides of the balance sheet.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing structures equipment finance from £1,000 upward, making it accessible for manufacturers adding single machines or building toward an £850,000 plant investment in stages. Annual rates from 5.5% compete well for secured asset lending. The lender works across manufacturing sub-sectors, funding production line equipment, CNC machinery and heavy industrial assets. Expect to demonstrate trading history and asset utilisation.
Best next step: Check Admiral's rates for manufacturing equipment finance.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5.5%
- Funds single machines or full lines
- Works across manufacturing sub-sectors
Need to know
- Trading history evidence required
- Asset utilisation details reviewed
- Valuation may be needed for used equipment
Expert take
An equipment leasing specialist comfortable with manufacturing assets from CNC to heavy plant. For an £850,000 facility, their staged funding approach lets manufacturers build capacity methodically rather than in a single transaction.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays funds asset finance from £1,000 to £25m, giving manufacturers a banking relationship that can grow with their plant investment needs. Annual rates from 8.5% reflect mainstream bank pricing for secured equipment lending. The manufacturing sector team understands heavy plant lifecycles and production line economics. Bank underwriting means a thorough review of accounts, forecasts and asset quality.
Best next step: Speak to us about Barclays plant finance options.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities reach £25m
- Manufacturing sector team available
- Mainstream bank relationship
Need to know
- Thorough bank underwriting process
- Strong accounts and forecasts needed
- Longer decision timelines possible
Expert take
A high-street bank with a dedicated asset finance division and deep manufacturing coverage. An £850,000 plant facility through Barclays suits manufacturers who value a single banking relationship and can meet full underwriting scrutiny.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Manufacturers funding £850,000 in plant equipment find Acorn Business Finance's sector-wide experience relevant, covering CNC machinery through to heavy industrial assets. Annual rates start from 8% and facilities reach £5m. Underwriting weighs trading performance, asset type and secondary market value.
Best next step: Review Acorn's manufacturing asset finance terms.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Annual rates from 8%
- Covers production and heavy plant
- Facilities reach £5m
Need to know
- Trading performance heavily weighted
- Secondary market value assessed
- Full financial history reviewed
Expert take
A broad-spectrum asset funder with genuine manufacturing sector experience across production and heavy plant. An £850,000 facility lands here for manufacturers whose trading record and asset quality can carry the underwriting weight.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: Propel Finance starts asset funding from just £500, scaling to accommodate manufacturers building toward an £850,000 plant investment. Annual rates range from 5% to 20%, with pricing reflecting asset type, age and borrower strength. The flexible entry point suits manufacturers who began with smaller equipment purchases and now need larger-scale plant finance. Expect asset valuations to shape final terms.
Best next step: Check Propel's flexible plant finance rates.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Starts from £500 for smaller assets
- Annual rates from 5%
- Flexible scaling as needs grow
Need to know
- Rates vary widely by risk profile
- Asset age affects pricing
- Valuations shape final terms
Expert take
A volume asset funder whose low entry point belies an appetite for scale. Manufacturers financing £850,000 in plant find Propel works best when the asset profile is clean, modern and easily valued on the secondary market.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore writes asset finance from £1,000 to £10m, with annual rates between 5% and 15% depending on credit profile and asset quality. Manufacturers funding £850,000 in plant equipment access a lender that understands production-line economics and heavy machinery depreciation. The underwriting process looks at cashflow, asset life and secondary market demand. A 48-hour turnaround keeps decisions aligned with purchase timelines.
Best next step: See Aldermore's plant finance rates for manufacturers.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5%
- Facilities reach £10m
- 48-hour decision turnaround
Need to know
- Credit profile heavily influences rate
- Asset depreciation factored into terms
- Cashflow assessment required
Expert take
A challenger bank asset funder with a broad manufacturing book and efficient underwriting. An £850,000 plant facility here benefits from competitive starting rates and a decision process that respects commercial purchase timelines.
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: With facilities reaching £100m and bespoke pricing from 3.5% monthly, Close Brothers operates at a scale that makes £850,000 in manufacturing plant finance a relationship-building transaction rather than a one-off deal. The mid-market focus and sector-dedicated teams in transport, construction and manufacturing add genuine underwriting insight. Expect a relationship-led approach that values long-term equipment investment.
Best next step: Explore Close Brothers manufacturing plant finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities reach £100m
- Bespoke pricing from 3.5% monthly
- Sector-dedicated manufacturing team
Need to know
- Minimum facility of £25,000
- Relationship-led underwriting model
- Bespoke pricing means individual negotiation
Expert take
A merchant banking asset funder whose manufacturing heritage runs deep across transport, construction and heavy industry. For an £850,000 plant facility, their sector-specialist underwriters and bespoke pricing deliver terms that generic lenders rarely match.
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What £850,000 Plant Finance Covers for Manufacturing Businesses
For a manufacturing business, £850,000 in plant finance typically funds heavy production machinery rather than lighter equipment. Common assets at this level include CNC machining centres, automated production lines, industrial presses, injection moulding systems, and large-scale packaging or material handling equipment.
Most lenders on this list can accommodate £850,000 without stretching their limits. Reward Funding offers facilities from £100,000 to £5,000,000. Lombard and Time Finance both publish maximums of £5,000,000. Aldermore extends to £10,000,000, while Close Brothers can fund plant purchases up to £100,000,000. An £850,000 requirement sits comfortably within standard lending bands.
Plant finance at this scale is structured as either hire purchase or a finance lease. Hire purchase leads to eventual ownership, suiting manufacturers acquiring core assets they will keep long term. A finance lease keeps the asset off your balance sheet and can offer tax advantages. Your accountant can advise which structure best fits your operation.
Eligibility Checks for £850,000 Manufacturing Equipment Finance
Lenders assess large-ticket plant finance on several criteria beyond the asset itself. Trading history matters: Lombard and Close Brothers both expect at least one year of filed accounts. Aldermore accepts businesses with six months of trading, offering some flexibility for younger manufacturing firms.
Turnover requirements vary considerably. Close Brothers looks for a minimum of £500,000 in annual turnover. Lombard sets its threshold at £25,000, making it accessible to smaller manufacturers scaling up. Aldermore publishes no minimum turnover requirement.
Personal guarantees are standard at this level. Reward Funding, Liberty Leasing, Time Finance, Aldermore, and Close Brothers all require a director's personal guarantee for facilities of this size. None of these lenders require homeownership as a condition.
Loan-to-value ratios also differ. Aldermore and Propel Finance both publish maximum LTVs of 100%, meaning the asset itself can fully secure the facility. Reward Funding caps LTV at 85%. Close Brothers sets its limit at 90%. A higher LTV reduces the deposit your manufacturing business needs upfront.
Asset-Backed vs Unsecured Lending for £850,000 Plant Purchases
When funding heavy manufacturing equipment at £850,000, asset-backed finance consistently offers lower costs than unsecured alternatives. Because the machinery itself secures the facility, lenders price the risk more favourably. Several lenders on this list publish annual rates between 5% and 15%, which compares well against unsecured business loans at this ticket size.
The borrowing limits available through asset finance also outstrip unsecured options. Close Brothers can fund up to £100,000,000 against plant assets. Barclays extends to £25,000,000. Unsecured lenders rarely offer facilities above £250,000, making them unsuitable for an £850,000 manufacturing equipment purchase.
Asset finance also preserves working capital. Rather than tying up cash reserves in a single machinery purchase, manufacturers can spread the cost over the asset's useful life. Aldermore and Close Brothers both offer terms up to seven years, matching repayment periods to the depreciation profile of industrial equipment. This keeps monthly commitments predictable and frees cash for raw materials, labour, and day-to-day operations.
Comparing Lenders for £850,000 Manufacturing Plant Finance
Rate structures on large-ticket plant finance fall into two camps: monthly and annual pricing. Always confirm which basis a lender uses before comparing quotes.
| Lender | Rate Range |
|---|---|
| Reward Funding | 0.99% to 3% per month |
| Close Brothers | 3.5% to 10% per month (bespoke) |
| Lombard | 4% to 11.5% per month |
| Aldermore | 5% to 15% per year |
| Time Finance | 5.5% to 13.5% per year |
Beyond headline rates, compare total cost over the full term. Barclays offers terms up to twenty-five years, while most specialist plant finance lenders cap terms at five to seven years. LTV differences also affect upfront cash requirements. Aldermore and Propel Finance offer up to 100% LTV, eliminating the need for a deposit. Reward Funding requires at least 15% equity, with its LTV capped at 85%. Using a broker lets you compare multiple lenders at once, avoiding the time and credit footprint of individual applications.
