Top 10 £900,000 Machinery Finance Lenders for UK Businesses 2026
.png)
Top 10 Lenders for £900,000 Machinery Finance
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Construction firms needing high-value plant with competitive short-term rates | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Mid-sized contractors financing £900k machinery with straightforward annual pricing | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established construction businesses seeking large-scale asset finance from a trusted name | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Construction operators wanting annual-rate clarity on heavy equipment finance | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Included for comparison; construction firms needing flexible equipment leasing | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Construction businesses preferring bank-backed asset finance with high lending caps | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Growing contractors funding machinery up to £5 million | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Included for comparison; wide rate range suits varied construction profiles | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Later-stage construction firms with strong trading history seeking competitive rates | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | More established operators with high turnover needing bespoke heavy machinery finance | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance is a funding arrangement where a lender purchases machinery or equipment on behalf of a business, and the business repays the cost plus interest over an agreed term. For construction firms, this preserves working capital while acquiring high-value assets like excavators, cranes, or heavy plant. At around £900,000, machinery finance supports the acquisition of large-scale construction equipment that directly generates project revenue.
Comparing lenders for high-value machinery finance goes beyond the headline rate. Construction businesses should weigh the repayment structure — monthly versus seasonal terms can make a meaningful difference to cash flow on long-duration projects. Check whether the lender offers hire purchase, finance lease, or operating lease, as each carries different tax and balance sheet implications. At the £900,000 level, lenders may also assess asset type and expected useful life differently, which influences the final rate quoted.
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: Lends from £100,000 to £5,000,000 on asset finance, and the revolving credit structure lets construction firms draw funds as project needs change rather than taking the full facility upfront. Be prepared for security requirements and valuation costs that come with facilities at this level.
Best next step: Compare machinery finance rates and terms for large deals.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving drawdown for staged purchases
- Covers machinery up to £5 million
- Structured for larger asset deals
Need to know
- Security and valuation costs apply
- Monthly rate pricing model
- Asset eligibility checks required
Expert take
A secured asset lender that handles larger facilities without flinching. For a £900,000 construction machinery deal, the revolving facility means you can finance multiple assets under one agreement rather than applying separately each time.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Can turn around a machinery finance decision within 24 hours, which matters when construction firms spot a deal on plant equipment and need to move fast. Annual rates run from 11% to 16%, so the cost is predictable across the term. Bear in mind that deposits or valuations may be needed for assets at this price point.
Best next step: Get a same-day decision on heavy plant finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Same-day decision turnaround
- Annual rate keeps costs predictable
- Finance from £10,000 to £2 million
Need to know
- Deposits may be required
- Asset eligibility checked upfront
- Valuation costs can apply
Expert take
A quick-moving asset funder that suits construction businesses needing to secure equipment before it goes elsewhere. For heavy machinery, the fast decision process helps prevent missed opportunities on auction or dealer stock.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: A long-established name in UK asset finance with particular experience funding construction plant and heavy machinery. Facilities go up to £5 million, and monthly rates range from 4% to 11.5%, though the final figure depends on asset type and credit profile.
Best next step: Explore construction plant finance with an established specialist.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Deep experience in heavy plant finance
- Facilities available up to £5 million
- Established track record in construction
Need to know
- Monthly rate structure applies
- Asset type affects final pricing
- Deposits may be needed
Expert take
One of the UK's most experienced asset finance houses, with a deep understanding of construction machinery values and lifecycle. A £900,000 excavator or crane fleet deal lands in their sweet spot.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Blends asset finance with invoice finance under one roof, which can help construction firms that need to fund both machinery and day-to-day cash flow. Annual rates of 5.5% to 13.5% provide a clear picture of total cost across the facility up to £5 million.
Best next step: Combine machinery and working capital under one facility.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combines asset and invoice finance
- Annual rate for cost clarity
- Up to £5 million available
Need to know
- Invoice finance has separate criteria
- Flexible drawdown subject to review
- Asset eligibility checks apply
Expert take
A combined-model lender that understands construction firms often need machinery finance alongside working capital to cover retentions and staged payments. Useful when funding plant but wanting a single relationship for broader cash-flow needs.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Claims a 4-hour funding turnaround, which is among the fastest in this list and useful when construction firms face tight equipment deadlines. Annual rates mirror the mid-market at 5.5% to 13.5%. The lender also handles secured and property-linked facilities, suiting firms with mixed asset bases.
Best next step: Secure a decision within hours on equipment finance.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Rapid 4-hour turnaround possible
- Annual rate structure
- Handles mixed asset portfolios
Need to know
- Upper loan limit not specified
- May need strong trading history
- Security and legal costs apply
Expert take
A speed-focused funder well suited to construction businesses facing a tight window on machinery deals. The 4-hour turnaround is a genuine differentiator for time-sensitive plant purchases.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: As a high-street bank with an asset finance arm, Barclays can bring relationship-based pricing to a construction machinery deal. Annual rates of 8.5% to 14.9% may improve if you already hold a business current account or have existing borrowing. Expect a more thorough underwriting process than specialist lenders.
Best next step: Check Barclays asset finance rates for machinery purchases.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Relationship pricing may apply
- Covers assets from £1,000 to £25 million
- Full-service banking integration
Need to know
- Bank underwriting takes longer
- Strong trading history needed
- Personal guarantee may be required
Expert take
A mainstream bank that rewards existing relationships with sharper pricing. For construction firms already banking with Barclays, a large asset finance deal can often be structured alongside wider facilities.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Covers asset finance alongside secured loans, revolving credit, and even premium finance, giving construction firms a single access point for comparing multiple funding structures. The £15,000 to £5 million lending band suits a broad range of plant investment. Expect security requirements and standard valuation checks on heavy machinery.
Best next step: Compare multiple finance structures for your machinery deal.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Multiple finance types available
- Covers assets up to £5 million
- Secured and revolving options
Need to know
- Security needed for larger deals
- Valuation costs apply
- Strong trading history helps
Expert take
A multi-product broker-lender hybrid that can compare asset finance against secured loans for a construction machinery purchase, potentially finding a structure a single-product lender would not offer.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: Starts lending from just £500 and scales up, so it handles everything from small tools to heavy plant under one relationship. Annual rates span 5% to 20%, meaning the cost depends heavily on asset quality and your credit profile. Funding takes 2 to 5 days, which suits planned machinery purchases.
Best next step: Fund anything from small tools to heavy plant.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Finance from as little as £500
- Wide asset-type acceptance
- Annual rate structure
Need to know
- 2 to 5 day funding timeline
- Rate depends on credit profile
- Deposits and valuations needed
Expert take
A broad-spectrum asset funder that does not discriminate by deal size. For construction firms, a well-maintained piece of plant with strong residual value could price at the lower end of the rate band.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Annual rates between 5% and 15% and a ceiling of £10 million make Aldermore a credible option for construction plant finance at scale. Funding takes around 48 hours, suiting planned capital expenditure rather than same-day urgency. The lender has a well-established SME focus across multiple sectors.
Best next step: Fund planned plant renewal with a £10m-capable lender.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Asset finance up to £10 million
- Annual rate pricing clarity
- Established SME focus
Need to know
- 48-hour typical turnaround
- Asset type influences rate
- Security requirements apply
Expert take
A well-capitalised lender with a strong SME track record. Construction businesses funding heavy machinery can expect a structured process balancing speed with sensible underwriting, particularly suited to planned fleet renewal.
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: A mid-market specialist with a particular focus on transport, manufacturing and construction. Bespoke monthly rates from 3.5% to 10% reflect their willingness to price to the deal rather than a rate card. They are well-set for construction plant at this level, with a £25,000 minimum and a ceiling reaching £100 million.
Best next step: Get bespoke pricing on construction machinery finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke pricing per deal
- Construction sector focus
- Ceiling up to £100 million
Need to know
- Monthly rate pricing model
- £25,000 minimum deal size
- Mid-market focus applies
Expert take
A lender that genuinely understands construction and manufacturing balance sheets. For a substantial machinery investment, Close Brothers will look at the asset's earning potential and your contract book, not just a credit score.
Asset Finance Calculator
How £900,000 machinery finance works for construction firms
Construction businesses financing £900,000 in machinery typically use hire purchase or finance lease agreements. With hire purchase, your firm pays fixed monthly instalments over an agreed term. The asset appears on your balance sheet from day one. You claim capital allowances on the machinery. At the end of the term, ownership transfers to your business after a final nominal payment.
Finance lease works differently. The lender buys the equipment and leases it to your business. You get full use of the machinery without tying up working capital. VAT on lease rentals spreads across the term rather than paid upfront. This helps construction firms managing retention payments and stage billing cycles.
For a £900,000 asset, lenders offer terms from three months to seven years. Aldermore Asset finance and Admiral leasing both extend to seven-year terms. Reward Funding offers shorter terms starting at three months for businesses preferring rapid repayment.
What construction machinery qualifies for £900,000 asset finance
At £900,000, your business is likely financing heavy plant such as excavators, bulldozers, mobile cranes, or specialist tunnelling equipment. Lenders backing construction assets typically fund a broad range of machinery including earthmoving equipment, concrete pumps, piling rigs, and crushing plant.
Most asset finance lenders will fund both new and used machinery at this level. The asset itself serves as primary security, which means the lender assesses its resale value when setting terms. Close Brothers offers up to 90% loan to value on funded assets. Aldermore Asset finance and Propel Finance both publish maximum LTVs of 100%, meaning the full purchase price can potentially be financed without a deposit.
Used machinery may attract different LTV limits than new equipment. Lenders will typically require a valuation on high-value second-hand plant. The age and condition of the machinery will influence the finance terms offered.
Eligibility criteria for £900,000 construction machinery finance
Lenders assess construction businesses on trading history, turnover strength, and director backing rather than homeowner status. None of the lenders on this page require you to own property. Personal guarantees are however standard for high-value asset finance. Reward Funding, Liberty Leasing, Time Finance, Aldermore Asset finance and Close Brothers all require a director's personal guarantee.
Minimum trading history varies. Aldermore Asset finance accepts businesses from six months, while Lombard and Close Brothers require at least one year of trading. Turnover thresholds also differ. Close Brothers sets a £500,000 minimum annual turnover for larger facilities. Lombard requires £25,000, making it accessible to smaller established contractors.
For a £900,000 facility, lenders will scrutinise your order book, current contracts, and payment history. Construction firms should be prepared to present management accounts, pipeline forecasts, and evidence of stage payment schedules when applying.
Comparing rates and terms for £900,000 construction machinery finance
Rates for construction machinery finance vary significantly between lenders. At the monthly rate end, Reward Funding publishes rates from 0.99% to 3% per month. Close Brothers offers bespoke rates from 3.5% to 10% per month. On an annual basis, Liberty Leasing charges between 11% and 16% annually, while Barclays ranges from 8.5% to 14.9% annually.
Term lengths also differ. Aldermore Asset finance and Admiral leasing both offer up to seven years, spreading a £900,000 facility into manageable instalments. Barclays extends to 25 years for qualifying assets. Reward Funding caps terms at one year, suiting businesses that want to clear the debt quickly.
Loan to value is another key comparison point. Aldermore Asset finance and Propel Finance both publish 100% LTV, meaning no deposit. Reward Funding caps LTV at 85%. Close Brothers allows up to 90%. Construction firms should compare total cost over the full term, not just the headline rate.
