Top 10 Lenders for £900,000 Haulage Finance in the UK (2026)
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Top 10 Lenders for £900,000 Haulage Finance
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established hauliers financing multiple HGVs or trailers | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Mid-sized transport firms upgrading fleet vehicles | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Haulage operators seeking flexible asset finance terms | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Growing haulage firms funding fleet expansion | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Finance for enterprise | Transport businesses needing mixed-value asset funding | £1,000 to £2,000,000 | interest 6.5% to 13.5% annually |
| 6 | WeDo Business Finance | Large-scale haulage fleet acquisitions and refinancing | Up to £25,000,000 | interest 3.5% to 9.5% monthly |
| 7 | Treyd | Haulage firms seeking inventory or supplier finance | £15,000 to £1,000,000 | interest 1.4% to 2.5% monthly |
| 8 | PennyFreedom | Smaller fleet requirements; included for comparison | Up to £500,000 | interest 7.5% to 15% annually |
| 9 | NatWest Bank | Established haulage companies with banking relationship | £500 to £10,000,000 | interest 4.5% to 10.5% annually |
| 10 | Barclays | Large transport operators seeking bank-backed asset finance | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
Asset finance allows businesses to acquire vehicles, machinery and equipment by spreading the cost over an agreed term rather than paying the full amount upfront. For haulage and transport companies, this approach is particularly valuable because HGVs, trailers, tippers and tankers represent significant capital outlay. Asset finance preserves working capital for fuel, maintenance and driver costs while enabling fleet growth. A £900,000 haulage finance facility can fund multiple new or used vehicles, supporting a major fleet upgrade or expansion programme.
Comparing lenders on rate alone misses the full picture. Haulage operators should weigh the rate structure; monthly and annual percentage calculations produce different total costs across a £900,000 facility. Asset eligibility matters too, as some funders restrict vehicle age or type. Speed of decision and drawdown can be critical when securing vehicles at auction or from dealers. Lender experience in transport also influences how smoothly underwriting proceeds for mixed fleets or specialist commercial vehicles.
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: For haulage firms acquiring multiple HGVs or a mixed trailer fleet, Reward Funding structures asset finance from £100,000 to £5 million, with monthly rates starting around 0.99%. The lender funds within 24 hours once approved. Expect a security requirement and possible legal or valuation costs, which are standard for facilities of this scale.
Best next step: Compare rates for a fleet facility up to £5 million.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Large facility up to £5 million
- Funding within 24 hours
- Flexible drawdown available
Need to know
- Security usually required
- Legal costs may apply
- Asset eligibility is assessed
Expert take
A flexible secured lender comfortable with larger transport facilities. Haulage firms with strong balance sheets will find the rate band competitive for a £900,000 fleet expansion, particularly where repeat drawdowns suit seasonal vehicle replacement cycles.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Liberty Leasing quotes annual interest from 11% to 16% on asset finance ranging £10,000 to £2 million, making costs predictable for haulage operators budgeting fleet repayments over a fixed term. The lender funds within 24 hours of approval and ties finance directly to the vehicles being acquired. Deposits and asset valuations may be needed.
Best next step: Request a quote on annual-rate fleet finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rate for easy comparison
- Funding in 24 hours
- Preserves haulage cash flow
Need to know
- Deposits may be required
- Valuation needed for used HGVs
- Asset must meet eligibility
Expert take
A straightforward asset funder that quotes annual rather than monthly rates. For a £900,000 haulage fleet purchase, the predictable cost structure helps transport operators model repayments accurately, though the rate may land higher than some bank-backed alternatives.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard, part of NatWest Group, is one of the UK's longest-established asset finance providers and funds haulage vehicles up to £5 million. Its familiarity with the transport sector means underwriters understand HGV lifecycles, residual values, and fleet replacement patterns. Funding can complete within 24 hours. Security is tied to the asset, and valuation checks apply.
Best next step: Explore Lombard's haulage asset finance terms.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Up to £5 million facility
- Deep transport sector knowledge
- Part of NatWest Group
Need to know
- Asset-backed security required
- Valuations may be needed
- Bank-style underwriting applies
Expert take
A bank-owned asset funder with genuine transport sector experience built over decades. Haulage operators seeking £900,000 in fleet finance benefit from underwriters who understand the commercial vehicle market, not just generic asset lending criteria.
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 invoice finance with asset-based lending up to £5 million, giving haulage firms a way to fund fleet acquisitions while unlocking cash tied up in unpaid customer invoices. Annual rates run from 5.5% to 13.5%. This blended approach can reduce the need for large upfront deposits. Funding decisions typically take 24 hours.
Best next step: Ask about combined invoice and asset finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Blends invoice and asset lending
- Up to £5 million available
- Reduces upfront cash pressure
Need to know
- Invoice quality is assessed
- Debtor concentration matters
- Limits can be reviewed
Expert take
A dual-product lender suited to haulage firms that invoice customers on credit terms. Pairing invoice finance with asset funding creates headroom a £900,000 fleet expansion might not find through a standalone asset facility alone.
Source:https://www.timefinance.com/
Finance for enterprise
Published loan range£1,000 to £2,000,000
Rate typeinterest 6.5% to 13.5% annually
Overview: Haulage operators needing a blend of term lending, asset finance and working capital can structure a package through Finance for enterprise, which offers facilities from £1,000 to £2 million at annual rates between 6.5% and 13.5%. Funding lands within three days. A trading history check and personal guarantee are standard for larger facilities.
Best next step: Structure a multi-product haulage finance package.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Multiple product types
- Annual rates from 6.5%
- Funds within three days
Need to know
- Trading history is checked
- Personal guarantee may apply
- Limits are reviewable
Expert take
A multi-product lender that lets haulage businesses mix asset finance with working capital facilities. A £900,000 requirement can be split across products, which helps firms wanting fleet funding alongside day-to-day cash flow support.
WeDo Business Finance
Published loan rangeUp to £25,000,000
Rate typeinterest 3.5% to 9.5% monthly
Overview: With facilities stretching to £25 million, WeDo Business Finance provides invoice finance at monthly rates from 3.5% to 9.5%. For haulage companies running large debtor books, releasing cash against unpaid invoices can fund fleet deposits or outright vehicle purchases. Funding decisions come through within 24 hours. Suitability hinges on invoice quality and debtor spread.
Best next step: Check invoice finance limits for haulage debtors.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £25 million
- 24-hour funding decisions
- Unlocks cash from invoices
Need to know
- Invoice quality is critical
- Debtor concentration checked
- Monthly rate structure
Expert take
A high-capacity invoice finance provider. Haulage firms with strong, diversified customer ledgers can use invoice-backed funding to cover the cash flow gap when acquiring £900,000 worth of fleet assets, rather than tying up working capital.
Treyd
Published loan range£15,000 to £1,000,000
Rate typeinterest 1.4% to 2.5% monthly
Overview: When haulage suppliers need paying before customer invoices land, Treyd advances funds against purchase orders and invoices, with monthly rates from 1.4% to 2.5% and facilities up to £1 million. This bridging-style finance keeps fleet projects moving while waiting for debtor payments. Funding decisions arrive within 24 hours.
Best next step: Explore purchase-order funding for fleet suppliers.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Rates from 1.4% monthly
- Funds purchase orders
- 24-hour decision turnaround
Need to know
- Supplier strength assessed
- Debtor quality matters
- Max facility £1 million
Expert take
A trade-finance-style lender that funds the gap between supplier payments and customer settlements. Haulage firms buying trailers or tankers on order can cover a substantial portion of a £900,000 requirement, especially where purchase orders are solid.
Source:https://www.treyd.io/
PennyFreedom
Published loan rangeUp to £500,000
Rate typeinterest 7.5% to 15% annually
Overview: Two-hour funding makes PennyFreedom a practical bolt-on for haulage firms needing rapid working capital. The lender turns unpaid B2B invoices into cash at annual rates from 7.5% to 15%, with a ceiling of £500,000. It cannot cover a full fleet purchase alone, but works well alongside a larger asset finance arrangement for deposits or running costs.
Best next step: Use PennyFreedom for fast top-up working capital.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding in two hours
- Annual rates from 7.5%
- Simple invoice-based model
Need to know
- Capped at £500,000
- Invoice dependent eligibility
- Not for full fleet funding
Expert take
A rapid invoice funder best used as a bolt-on rather than the main facility. Haulage operators needing a £900,000 fleet purchase will need another lender for the core facility, but PennyFreedom's speed works well for urgent working capital gaps.
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NatWest Bank
Published loan range£500 to £10,000,000
Rate typeinterest 4.5% to 10.5% annually
Overview: NatWest provides asset finance from £500 to £10 million at annual rates between 4.5% and 10.5%, making it a cost-competitive option for established haulage firms with strong accounts. The bank's transport sector team understands fleet depreciation and can structure repayments around vehicle lifecycles. Underwriting is thorough and may take longer than specialist lenders.
Best next step: Speak to NatWest's transport finance team.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 4.5%
- Up to £10 million lending
- Dedicated transport team
Need to know
- Bank underwriting is slower
- Strong accounts are expected
- Personal guarantee may apply
Expert take
A high-street bank with a specialist transport finance unit. Well-established haulage operators with clean credit histories will find NatWest's pricing among the sharpest for a £900,000 fleet facility, though the approval timeline stretches longer than alternative lenders.
Source:https://www.natwest.com/business/loans-and-finance.html
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Established haulage groups wanting a bank-backed fleet facility can turn to Barclays, which lends from £1,000 to £25 million for asset finance at annual rates between 8.5% and 14.9%. The bank has a longstanding presence in UK transport and can structure mixed HGV and trailer packages. Security is tied to the vehicles, with legal costs as standard.
Best next step: Apply for Barclays haulage asset finance.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Up to £25 million available
- Transport sector experience
- Mixed fleet packages possible
Need to know
- Bank underwriting timeline
- Security tied to vehicles
- Legal costs are standard
Expert take
A major clearing bank with deep transport lending experience. Barclays suits larger haulage groups seeking a £900,000 facility as part of a broader banking relationship, though rate positioning sits in the middle band and underwriting demands full financial disclosure.
Asset Finance Calculator
What assets can £900,000 haulage finance cover
Haulage companies seeking £900,000 in asset finance can fund a broad range of commercial vehicles. Most lenders on this page support financing for new and used HGVs, including tractor units from manufacturers like DAF, Scania, Volvo, and Mercedes-Benz.
Trailers form a significant part of many haulage fleets. Curtain-siders, flatbeds, refrigerated trailers, and box vans all fall within standard asset finance terms. Specialist equipment such as tippers, tankers, walking-floor trailers, and low-loaders is also widely accepted, though some lenders may apply different loan-to-value limits on highly specialist assets.
At the £900,000 level, many haulage businesses use the facility to acquire multiple vehicles in a single drawdown, often combining tractor units and trailers in one finance package. Reward Funding offers facilities from £100,000 to £5,000,000, while Lombard can fund up to £5,000,000, making block fleet purchases achievable through a single arrangement.
Lender eligibility checks for £900,000 haulage fleet finance
Lenders assessing a £900,000 haulage finance application typically look at trading history, annual turnover, and the strength of the operator licence. Most lenders on this list require a personal guarantee from directors, which is standard practice for asset finance of this size in the transport sector.
A minimum trading history of one year is common. Lombard requires at least 12 months of trading and a minimum turnover of £25,000. WeDo Business Finance sets a higher turnover threshold at £500,000, while NatWest Bank typically looks for turnover of £300,000 or above.
Homeowner status is rarely a barrier. None of the lenders featured here require directors to be homeowners. The asset itself serves as the primary security, particularly for HGVs and trailers with strong residual values. Lenders will also review the operator licence record, contract pipeline, and the age and condition of the assets being financed.
Interest rates and costs for £900,000 haulage finance
Interest rates for haulage asset finance vary significantly by lender and by the risk profile of the borrowing company. Some lenders quote rates monthly, others annually, so direct comparison requires careful attention to the rate period.
Reward Funding publishes rates from 0.99% to 3% per month. WeDo Business Finance quotes from 3.5% to 9.5% per month. Lombard sits in a range of 4% to 11.5% per month. Among lenders quoting annual rates, Time Finance offers from 5.5% to 13.5% annually, while Liberty Leasing ranges from 11% to 16% annually. NatWest Bank, a high-street comparison, publishes rates from 4.5% to 10.5% annually with terms of up to 25 years.
| Lender | Rate type | Typical rate range |
|---|---|---|
| Reward Funding | Interest (monthly) | 0.99% to 3% per month |
| Lombard | Interest (monthly) | 4% to 11.5% per month |
| WeDo Business Finance | Interest (monthly) | 3.5% to 9.5% per month |
| Time Finance | Interest (annually) | 5.5% to 13.5% annually |
| Liberty Leasing | Interest (annually) | 11% to 16% annually |
Hire purchase or lease: structuring £900,000 haulage fleet funding
Choosing between hire purchase and a finance lease affects cash flow, tax treatment, and fleet management for haulage companies spending £900,000 on vehicles.
With hire purchase, the business owns the asset at the end of the term. This suits haulage firms that run vehicles for their full working life. The asset appears on the balance sheet and capital allowances can be claimed. A deposit is usually required, and Reward Funding offers up to 85% loan-to-value on asset finance facilities.
A finance lease keeps the asset off the balance sheet. The lender retains ownership and the haulage company pays fixed monthly rentals. At the end of the primary lease period, the business can extend the rental, sell the asset on the lender's behalf and retain a share of the sale proceeds, or return the vehicle. Many operators at the £900,000 level split their fleet funding, using HP for core tractor units and leasing for trailers that may be replaced more frequently. Liberty Leasing offers terms from one to five years, providing flexibility for mid-life fleet planning.
