Top 10 Lenders to Secure £900,000 Asset Finance in 2026
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Top Asset Finance Lenders for £900,000 Equipment and Machinery Purchases
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established businesses financing high-value equipment and machinery | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Funding equipment and vehicle purchases with straightforward annual rates | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Businesses funding machinery and vehicles with structured monthly payments | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Businesses seeking larger asset funding with clear annual costs | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Equipment leasing across varied asset types and purchase values | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | High-street bank asset finance for major capital equipment purchases | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-to-large equipment purchases funded at fixed annual rates | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Flexible asset finance across a broad range of equipment values | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | High-value asset funding with accessible lending requirements | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Well-established firms funding major capital equipment and machinery | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets businesses spread the cost of high-value equipment, vehicles and machinery across fixed monthly payments rather than paying a single upfront sum. The asset itself secures the borrowing, which can help preserve working capital for other operational needs. This type of funding suits established businesses making large-ticket acquisitions without depleting cash reserves. At the £900,000 level, asset finance typically supports purchases of construction plant, manufacturing equipment, commercial vehicle fleets or specialist industrial machinery.
Comparing lenders for £900,000 asset finance goes beyond the headline rate. Total cost depends on whether the rate is fixed or variable and how it is quoted — monthly or annually. Repayment terms, typically three to seven years, affect monthly cash flow and overall interest paid. Lender appetite for the specific asset type matters too, as some funders specialise in certain equipment categories. Most lenders at this level expect at least two years of trading history and turnover sufficient to demonstrate affordability.
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 provides asset finance facilities from £100,000 to £5,000,000. Its revolving credit structure means businesses can draw against qualifying equipment, vehicles and machinery as needs arise, rather than taking a single fixed advance. Repayments are monthly, with rates starting from 0.99%. The caveat: overall cost scales with utilisation, so disciplined drawdown matters.
Best next step: See if your equipment qualifies
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving credit tied to asset value
- Monthly repayments from 0.99% interest
- Facilities available up to £5 million
Need to know
- Costs increase with higher facility usage
- Asset valuations may be required upfront
- Security is tied to specific qualifying assets
Expert take
A flexible asset-based lender built for businesses that prefer drawing against assets over fixed-term deals. For a £900,000 equipment purchase, the model suits those who may acquire assets in stages rather than all at once.
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's asset finance pricing straightforward to model across the full term. Funding runs from £10,000 to £2,000,000 with decisions typically within 24 hours. The structure is hire purchase or leasing, with repayments tied to the equipment or vehicle being financed. Lower-rate pricing usually requires stronger financials.
Best next step: Get a rate indication today
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual interest from 11% to 16%
- Funding decisions within 24 hours
- Straightforward lease or HP terms
Need to know
- Stronger financials may attract lower rates
- Deposits may be needed on some assets
- Asset eligibility checks apply to all deals
Expert take
A no-frills asset funder that favours clean deals on standard equipment and vehicles. For a £900,000 facility, the speed and rate transparency are advantages; pricing reflects the asset type and business profile.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard can fund asset finance applications within 24 hours, with facilities reaching £5,000,000. Monthly rates range from 4% to 11.5%, shaped by asset type and credit profile. The lender covers plant, machinery, commercial vehicles and manufacturing equipment. The watch point: monthly rate structures mean total borrowing cost needs careful calculation.
Best next step: Apply for a decision in 24 hours
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Same-day decisions on many applications
- Covers plant, vehicles and machinery
- Facilities available up to £5,000,000
Need to know
- Monthly rates require careful cost calculation
- Asset type influences the final rate offered
- Credit profile affects pricing and terms
Expert take
A long-standing asset finance name with the infrastructure for large-ticket deals. For a £900,000 equipment purchase, its speed and broad sector coverage are clear advantages. Monthly rate structures mean total cost deserves careful upfront calculation.
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 blends asset finance with invoice finance under one roof, suiting businesses that need equipment funding alongside working capital management. Facilities reach £5,000,000 with annual rates between 5.5% and 13.5%. The dual-product approach means one lender covers both hard assets and receivables. The limitation: it works best for B2B firms with reliable debtor books.
Best next step: Explore combined asset and invoice finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combined asset and invoice finance available
- Annual rates from 5.5% to 13.5%
- Single lender for multiple funding needs
Need to know
- Best suited to B2B businesses with debtors
- Invoice quality affects facility terms
- Limits may be reviewed or adjusted over time
Expert take
A multi-product lender for B2B firms wanting asset and invoice funding from one source. For a £900,000 equipment acquisition, the combined model cuts admin. Debtor quality will be a key part of the underwriting review.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral Leasing starts lending from £1,000 and offers equipment leasing with annual rates between 5.5% and 13.5%. Decisions can arrive in as little as four hours, making it one of the quicker responders on this list. The lender covers equipment, vehicles and machinery across a range of sectors. Borrowers should be prepared for affordability checks and possible personal guarantee requirements on larger facilities.
Best next step: Request a four-hour decision
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decisions possible within four hours
- Annual rates from 5.5% to 13.5%
- Covers equipment, vehicles and machinery
Need to know
- Personal guarantees may be needed on larger deals
- Affordability evidence is typically required
- Legal and valuation costs can apply
Expert take
A responsive equipment leasing specialist that moves quickly. For a £900,000 facility, the four-hour decision promise appeals when certainty matters. Larger deals attract closer scrutiny, but the initial response time remains a real strength.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: For businesses already banking with Barclays, its asset finance arm can offer a smoother application journey backed by the relationship you have already built. Facilities range from £1,000 to £25,000,000 at annual rates between 8.5% and 14.9%. Equipment, vehicles and machinery across most sectors are covered. The trade-off: bank underwriting remains more thorough and typically slower than alternative funders.
Best next step: Check Barclays asset finance terms
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Backed by a major high-street bank
- Existing customers may get smoother process
- Facilities available up to £25 million
Need to know
- Bank underwriting can be slower than alternatives
- Strong trading history is usually expected
- Personal guarantees may be required
Expert take
A mainstream banking option with the capacity to handle large-ticket asset finance confidently. For a £900,000 equipment purchase, Barclays suits established businesses with clean financials and patience for a thorough underwriting process.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Acorn Business Finance structures asset deals from £15,000 to £5,000,000 at annual rates between 8% and 15%. Beyond standard asset finance, it offers revolving credit, secured loans and acquisition funding, giving room to tailor the structure. Repayments typically align with the asset's useful life. The catch: rates near the top end apply where asset or borrower risk runs higher.
Best next step: Compare asset and loan structures
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Annual rates from 8% to 15%
- Multiple finance structures available
- Repayments matched to asset lifespan
Need to know
- Higher-risk profiles attract higher rates
- Structured deals may involve legal costs
- Strong trading history is typically needed
Expert take
A multi-product finance house that structures deals beyond plain asset finance. For a £900,000 equipment purchase, the range of options means the facility can be shaped around the asset and business rather than forced into a standard template.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: Propel Finance's annual rates span 5% to 20%, reflecting an appetite that stretches from low-risk prime assets to harder-to-place equipment. Funding starts from £500 with a typical turnaround of two to five days. It is a pure asset finance operation covering equipment, vehicles and machinery. The downside: top-end rates can exceed those of some competitors on this list.
Best next step: Get a quote within five days
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding decisions in two to five days
- Annual rates starting from 5%
- Pure asset finance for equipment and vehicles
Need to know
- Top-end rates can reach 20% annually
- Asset eligibility checks apply throughout
- Deposits may be required on some deals
Expert take
A dedicated asset finance firm with a broad risk appetite reflected in wide pricing. For a £900,000 facility, Propel works well if the equipment qualifies for mid-range pricing. Higher-risk assets will push rates towards the upper end, so asset quality matters.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore takes a relationship-driven approach to asset finance, funding equipment from £1,000 up to £10,000,000 at annual rates between 5% and 15%. Typical turnaround sits around 48 hours, and the lender covers plant, machinery, vehicles and specialist equipment. The underwriting process includes a full financial review. The drawback: this thoroughness means Aldermore is not the fastest route for urgent purchases.
Best next step: Explore Aldermore's SME asset terms
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5% to 15%
- Relationship-driven underwriting approach
- Facilities available up to £10 million
Need to know
- Full financial review is standard practice
- 48-hour funding is typical, not guaranteed
- Not the fastest option for urgent purchases
Expert take
An SME-focused asset funder that prioritises understanding the business behind the application. For a £900,000 equipment purchase, Aldermore suits established firms that value a relationship-led approach and can accommodate a slightly longer underwriting process.
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 is a go-to name in transport, manufacturing and construction asset finance, with bespoke monthly rates from 3.5% to 10% and facilities stretching to £100,000,000. Its underwriters understand sector-specific equipment cycles, so valuations and terms tend to reflect real asset knowledge. Decisions typically land within 24 hours. The entry bar: a minimum turnover around £500,000 rules out smaller businesses.
Best next step: Check if your sector qualifies
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke rates from 3.5% monthly
- Deep sector knowledge in key industries
- Facilities available up to £100 million
Need to know
- Minimum turnover around £500,000 expected
- Monthly rate structure needs careful comparison
- Focused on transport, manufacturing and construction
Expert take
A heavyweight asset funder with genuine sector depth in transport, manufacturing and construction. For a £900,000 equipment purchase in these industries, Close Brothers brings underwriting that understands the asset, not just the numbers.
Asset Finance Calculator
What assets can you finance with £900,000 asset finance
At £900,000, asset finance covers a broad range of high-value equipment. Lenders on this list commonly fund plant machinery, commercial vehicles, construction equipment, manufacturing kit, and agricultural assets.
The key is that the asset holds strong resale value and has a clear secondary market. Funders want confidence they can recover their exposure if the agreement defaults. Hard assets with identifiable serial numbers, such as excavators, CNC machines, and HGVs, are typically straightforward to finance.
Several lenders here operate well above this level. Close Brothers funds up to £100 million, Barclays up to £25 million, and Aldermore up to £10 million. Reward Funding and Lombard both cap at £5 million, making £900,000 comfortably within their appetite.
Eligibility requirements for £900,000 asset finance
Lenders look closely at trading history and turnover when underwriting at this level. Aldermore considers businesses from six months of trading, while Lombard and Close Brothers require at least one year. Close Brothers also sets a minimum turnover of £500,000, reflecting its focus on larger, established borrowers. Lombard accepts turnover from £25,000.
Personal guarantees are widely required for large-ticket asset finance. Reward Funding, Liberty Leasing, Time Finance, Aldermore, and Close Brothers all require a director’s guarantee. This gives the lender recourse beyond the asset itself.
Loan-to-value ratios vary. Aldermore and Propel Finance offer up to 100% LTV, meaning no deposit is required upfront. Reward Funding caps at 85% and Close Brothers at 90%, so a deposit of £90,000 to £135,000 may be needed on a £900,000 facility.
Lease or hire purchase for £900,000 asset finance
At £900,000, the choice between lease and hire purchase affects your balance sheet, tax position, and eventual ownership. Under a finance lease, you pay for use of the asset over a fixed term and return it at the end, or sell it and retain a share of the proceeds. Monthly payments are typically lower, and the asset sits off your balance sheet.
Hire purchase gives you ownership once the final payment clears. Payments are higher but the asset appears on your balance sheet from day one, and you can claim capital allowances.
Many lenders offer both structures. Liberty Leasing provides terms from one to five years, while Aldermore and Close Brothers extend to seven years. Barclays offers terms of up to twenty-five years, useful for assets with long working lives.
Preparing your £900,000 asset finance application
A strong application at this level starts with detailed asset information. Lenders will want a full specification, a supplier quote, and evidence of the asset’s expected residual value. If you are buying specialist machinery, include an independent valuation or market data showing resale demand.
Your business financials matter too. Provide up-to-date management accounts, filed accounts for at least two years, and bank statements showing steady cash flow. Most lenders at this level, including Close Brothers and Lombard, will also review your existing borrowing and any outstanding asset finance agreements.
If the lender requires a deposit, budget accordingly. With LTV caps of 85% at Reward Funding and 90% at Close Brothers, you may need between £90,000 and £135,000 upfront on a £900,000 deal. Aldermore and Propel Finance offer 100% funding where the asset and your business profile support it.
