Top 10 Lenders for £900,000 Equipment Finance in 2026

Equipment finance is a type of asset-backed lending where the equipment itself serves as security for the loan. For a £900,000 purchase, a lender will typically pay the equipment supplier directly once the agreement is signed, and your business repays the amount plus interest over an agreed term — usually between two and seven years. You may be asked to put down a deposit, often around 10% to 20%, depending on the lender and the asset type. At the end of the term, once all repayments are made, full ownership of the equipment transfers to your business. This structure is common for funding machinery, commercial vehicles, manufacturing plant, and other high-value business assets.

Lenders typically look for established UK limited companies or LLPs with at least two to three years of filed accounts. For a facility of this size, most providers will want to see annual turnover comfortably above the loan amount — often in the region of £1 million or more — along with evidence of profitability or at least a clear path to covering repayments. Your credit history and that of any directors will also be reviewed. The equipment itself is a key part of the decision: lenders prefer assets with strong resale value, such as construction plant, HGVs, or specialised manufacturing machinery. Startups and very early-stage businesses may struggle to secure £900,000 through equipment finance unless backed by significant director guarantees or additional security.

For a £900,000 equipment finance facility, interest rates and terms vary considerably based on the asset type, your business profile, and the lender. Terms commonly range from two to seven years, with repayments structured monthly, quarterly, or occasionally seasonally if your business has fluctuating income. Rates can be fixed or variable and are influenced by the perceived risk of the transaction. It is always worth comparing multiple quotes, as even a small difference in rate can significantly affect the total cost over the life of a facility of this size. Some lenders may also charge arrangement or documentation fees, so be sure to factor these into any comparison.

Equipment finance is tied directly to the asset being purchased, whereas a secured business loan may use other assets — such as property or existing equipment — as collateral. With equipment finance, the lender has a direct claim on the specific machinery or vehicle, which can sometimes make approval more straightforward for asset-rich businesses that may not own commercial property. A term loan, on the other hand, provides a lump sum that can be used more flexibly, but it may come with stricter covenants or require broader security. For a £900,000 equipment purchase, equipment finance often makes sense because the asset's value directly underpins the borrowing, potentially unlocking better rates than an unsecured or partially secured alternative. That said, a secured business loan could be worth exploring if you need funds beyond just the equipment cost — such as for installation, training, or working capital.

When choosing a lender for a £900,000 equipment finance facility, look beyond the headline rate. Consider the total cost over the full term, including any arrangement fees, documentation charges, or early settlement penalties. Check whether the lender has experience financing your specific type of equipment — a provider familiar with construction plant may not be the best fit for specialist manufacturing machinery. Speed of decision and access to a dedicated relationship manager can also matter, especially for larger transactions where timing is critical. Finally, read the terms carefully: some agreements include balloon payments at the end, which can affect cash flow planning. A reputable broker can help you navigate the market and identify lenders with appetites that match your profile and asset class.

It is possible, though the options become narrower and the cost of borrowing is likely to be higher. Because equipment finance is asset-backed, lenders may place more weight on the value and marketability of the equipment than on the business's credit score alone. Some specialist lenders in the UK focus on near-prime or adverse-credit scenarios, particularly for essential assets like HGVs, earth-moving machinery, or production line equipment. You may be asked to provide a larger deposit, offer additional director's guarantees, or accept a shorter term. If your business has had past difficulties, it is worth working with an experienced commercial finance broker who understands which lenders are genuinely open to cases outside the high-street criteria.