Top 10 £900,000 Plant Finance Lenders UK 2026
.png)
Top £900,000 plant finance lenders compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Construction firms funding £900k in heavy plant and machinery | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | SME contractors replacing ageing equipment with new plant assets | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established operators purchasing high-value construction and industrial machinery | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Growing industrial businesses financing specialist plant and equipment | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Businesses combining plant finance with broader equipment leasing needs | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Contractors preferring a high-street bank for large plant acquisitions | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-sized construction firms funding specialist machinery purchases | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | PEAC Solutions | Asset-heavy businesses seeking bespoke plant finance arrangements | Not published | interest 7% to 14.5% annually |
| 9 | Aldermore Asset finance | Construction and agricultural operators financing diverse plant fleets | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Established plant hire firms acquiring large machinery fleets | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets businesses borrow against the value of plant and machinery, using the equipment itself as security rather than tying up cash reserves or property. For construction firms and industrial operators, this structure is particularly effective: it preserves working capital while funding essential assets like excavators, telehandlers, crushers, and heavy goods vehicles. A £900,000 plant finance facility can cover a single high-spec machine or a fleet of several units, keeping project pipelines moving without straining day-to-day cash flow.
Comparing plant finance lenders at this level means looking beyond the headline rate. The loan-to-value ratio determines how much of the asset cost a lender will cover, which directly affects your upfront cash requirement. Repayment structures vary significantly: some funders offer balloon payments to lower monthly costs, while others build in seasonal flexibility suited to construction cycles. Sector experience also matters: a lender familiar with heavy plant will value machinery more accurately and structure terms around realistic asset lifespans.
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 structures asset finance from £100,000 to £5 million, helping construction firms fund heavy plant without draining working capital. Monthly rates start at 0.99% on a reducing balance, and funding decisions arrive within 24 hours. The lender ties repayment to the asset, so cash flow stays available for materials, labour and project mobilisation. Expect to cover valuation and legal costs.
Best next step: Compare asset finance rates for construction plant.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Rates from 0.99% monthly on reducing balance
- Facilities up to £5 million available
- Funding decisions within 24 hours
Need to know
- Asset security required for all facilities
- Valuation and legal costs may apply
- Tied to specific plant or machinery
Expert take
A flexible asset-based lender that works well for mid-to-large construction firms. For a £900,000 plant purchase, the reducing-balance structure keeps total interest costs lower than fixed-rate alternatives over the term.
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 from 11% make Liberty Leasing a transparent-cost option for construction businesses funding plant and machinery. Facilities range from £10,000 to £2 million, with decisions within 24 hours. Because repayment is secured against the asset, working capital stays intact for day-to-day site operations. The lender may require a deposit and will assess equipment eligibility before approving any facility.
Best next step: Check annual-rate asset finance for construction equipment.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual interest from 11% for clarity
- Funding up to £2 million available
- Decisions within 24 hours
Need to know
- Deposit may be required on approval
- Asset eligibility assessment needed
- Funding tied to specific equipment
Expert take
A straightforward asset finance provider suited to construction firms that prefer annualised pricing. For £900,000 plant finance, the rate transparency helps builders forecast costs across long equipment lifecycles without surprise charges.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard lends up to £5 million through asset finance that uses the plant itself as security, keeping other business assets unencumbered. Monthly rates range from 4% to 11.5%, and funding can be arranged within 24 hours. This structure suits construction firms buying high-value machinery like excavators or crushers where tying up capital would slow project pipelines. Asset eligibility checks apply before approval.
Best next step: Explore Lombard asset finance for heavy plant.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Up to £5 million facility limit
- Asset-only security protects other assets
- Funding possible within 24 hours
Need to know
- Asset eligibility checks required
- Monthly interest from 4% to 11.5%
- Valuation may be needed beforehand
Expert take
A long-standing name in UK asset finance with deep experience in construction and engineering sectors. For a £900,000 plant investment, their asset-only security model frees up other collateral for bonds or working-capital lines.
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 brings asset and invoice finance under one roof, giving construction firms options beyond a single product line. Facilities reach £5 million with annual rates from 5.5% to 13.5%. Combining equipment funding with invoice finance can smooth cash-flow gaps between project milestones. Decisions typically take 24 hours. Suitability depends on invoice quality and debtor concentration.
Best next step: See combined asset and invoice finance options.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combined asset and invoice finance available
- Facilities up to £5 million
- Annual rates from 5.5%
Need to know
- Invoice quality affects eligibility
- Debtor concentration is assessed
- Asset eligibility checks required
Expert take
A dual-product lender well placed for construction firms that need plant finance alongside working-capital solutions. The combined approach helps contractors fund machinery while unlocking cash tied up in unpaid applications and retentions.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral Leasing delivers funding decisions in as little as four hours, making it one of the fastest routes to securing construction plant. Equipment leasing starts from £1,000 with annual rates between 5.5% and 13.5%. For contractors facing time-sensitive purchases at auction or needing quick replacement of failed machinery, the speed advantage can protect project timelines. Expect affordability checks and possible personal guarantee requirements.
Best next step: Get rapid equipment leasing for construction plant.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding decisions in four hours
- Annual rates from 5.5%
- Leasing from £1,000 upwards
Need to know
- Personal guarantee may be required
- Affordability evidence needed
- Asset eligibility is assessed
Expert take
A speed-focused equipment lessor that suits construction businesses needing to move quickly on plant purchases. The four-hour decision window helps contractors secure auction deals or replace critical kit without delaying site programmes.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays brings bank-grade asset finance from £1,000 to £25 million, with annual rates from 8.5% to 14.9% for construction plant purchases. The lender funds equipment, vehicles and machinery with decisions within 24 hours. For established construction firms, the broad facility range covers everything from a single excavator to a full fleet refresh. Bank underwriting means tougher affordability checks and longer processing than alternative lenders.
Best next step: Check Barclays asset finance for construction machinery.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities from £1,000 to £25 million
- Annualised interest rates for clarity
- Covers full range of plant types
Need to know
- Bank underwriting can be slower
- Strong trading history expected
- Personal guarantee may be needed
Expert take
A mainstream bank lender with the balance-sheet capacity to handle large construction asset deals comfortably. For a £900,000 plant purchase, the annual-rate structure and established processes suit firms with clean accounts and strong trading records.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: From £15,000 to £5 million, Acorn Business Finance structures asset facilities with annual rates from 8% to 15% for construction and industrial plant. Funding decisions arrive within 24 hours. The lender tailors repayment terms to match equipment working life, helping contractors align costs with project revenue cycles. Affordability checks and possible additional security requirements apply.
Best next step: Explore specialist construction asset finance options.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Annual rates from 8% to 15%
- Facilities up to £5 million
- Decisions within 24 hours
Need to know
- Affordability evidence required
- Additional security may be needed
- Valuation costs can apply
Expert take
A specialist broker-led lender with reach across construction and industrial asset finance. For £900,000 plant funding, their ability to match repayment terms to equipment lifecycles helps contractors align costs with project revenue.
PEAC Solutions
Published loan rangeNot published
Rate typeinterest 7% to 14.5% annually
Overview: PEAC Solutions offers asset finance with annual rates from 7% to 14.5%, keeping costs predictable for construction firms funding plant and machinery. Funding decisions typically come within 24 hours. The lender ties repayment to the asset, so cash flow remains available for materials, labour and project mobilisation. The published loan range is not listed, so suitability for specific amounts needs confirming. Deposits and valuations may apply.
Best next step: Check PEAC Solutions rates for plant finance.
More info
Company stats
Rates and debtor rules
Benefits
- Annual rates from 7%
- Decisions within 24 hours
- Asset-linked repayment structure
Need to know
- Loan range not publicly listed
- Deposits and valuations apply
- Asset eligibility must be confirmed
Expert take
A focused asset finance provider with competitive headline rates. For construction plant at the £900,000 level, the annual-rate model offers cost certainty and the 24-hour decision window keeps project timelines on track.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: With facilities from £1,000 to £10 million, Aldermore Asset Finance offers annual rates from 5% to 15% for construction plant funding. The broad range covers single pieces of equipment through to full fleet programmes. Annual pricing keeps costs transparent across the repayment term. Funding takes around 48 hours, so plan ahead for time-sensitive purchases.
Best next step: Compare Aldermore rates for construction equipment.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5%
- Facilities up to £10 million
- Broad equipment eligibility
Need to know
- Funding takes around 48 hours
- Asset valuation likely required
- Affordability assessment applies
Expert take
A well-established UK asset finance lender with strong coverage of construction and SME markets. The £10 million upper limit gives growing contractors headroom beyond the initial purchase for future fleet expansion.
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 lends from £25,000 to £100 million and names construction as a core sector, with bespoke monthly rates from 3.5%. The lender focuses on established mid-market B2B firms with turnover above £500,000. For construction businesses funding heavy plant, this means underwriting that understands asset utilisation, project pipelines and seasonal demand. Decisions arrive within 24 hours. Expect tailored pricing rather than published rate cards.
Best next step: Explore Close Brothers construction plant finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Construction is a named core sector
- Facilities up to £100 million
- Decisions within 24 hours
Need to know
- Minimum £500,000 turnover expected
- Bespoke monthly rates from 3.5%
- Mid-market B2B focus applies
Expert take
A construction-specialist lender with the deepest sector knowledge on this list. For £900,000 plant finance, their understanding of asset utilisation and project-cycle cash flow means underwriting that matches how contractors actually operate.
Asset Finance Calculator
How plant assets secure £900,000 in funding for construction businesses
When you finance plant and machinery at the £900,000 level, the equipment itself acts as security for the lender. This is asset-backed lending: the lender holds a legal charge over the machinery until you settle the agreement. If the business cannot repay, the lender can recover and sell the asset to cover the outstanding balance.
Lenders assess the loan-to-value (LTV) ratio, meaning how much they will advance against the equipment's market value. At £900,000, most funders offer between 85% and 100% LTV. Reward Funding publishes a maximum LTV of 85%. Close Brothers goes to 90%, while Aldermore Asset Finance can go up to 100% of asset value for qualifying applicants. You may need to fund a deposit or VAT element yourself, depending on the lender and the asset type.
Construction plant such as excavators, bulldozers, cranes, piling rigs and tipper trucks all qualify, provided the equipment holds strong resale value. Lenders prefer assets with a clear secondary market, as this reduces their risk. Specialist or heavily modified machinery may attract lower LTV offers or shorter terms.
Interest rates and repayment terms for £900,000 plant finance
At the £900,000 level, plant finance rates vary considerably between lenders. Some quote monthly, others annually, so comparing like for like is essential.
| Lender | Rate type | Minimum | Maximum |
|---|---|---|---|
| Reward Funding | Monthly interest | 0.99% per month | 3% per month |
| Close Brothers | Monthly (bespoke) | 3.5% per month | 10% per month |
| Aldermore Asset Finance | Annual interest | 5% annually | 15% annually |
| Time Finance | Annual interest | 5.5% annually | 13.5% annually |
| Barclays | Annual interest | 8.5% annually | 14.9% annually |
Monthly rates tend to apply to shorter facilities. Among annual-rate lenders, Aldermore offers the lowest starting point at 5% annually. Time Finance and Admiral Leasing both publish ranges starting at 5.5% annually. PEAC Solutions starts at 7% annually, while Liberty Leasing begins at 11% annually.
At £900,000, the asset itself provides security, so rates often undercut unsecured borrowing. Your exact rate depends on trading history, asset type and financial strength. Using a broker to compare multiple funders helps secure the best price.
Eligibility requirements for large-scale plant finance in construction
For a £900,000 facility, lenders look closely at your business's financial health. Minimum turnover requirements vary. Lombard asks for at least £25,000 in annual turnover. Close Brothers sets a higher bar at £500,000. Aldermore has no minimum turnover requirement, making it accessible to younger construction firms with strong contracts.
Trading history also matters. Lombard and Close Brothers both require a minimum of 12 months trading. Aldermore accepts businesses from 6 months. Several lenders on this list have not published minimum age requirements, so newer firms should check directly.
Most lenders at this level require a personal guarantee from directors. Reward Funding, Liberty Leasing, Aldermore, Time Finance and Close Brothers all ask for personal guarantees. This means you will be personally liable if the business defaults. Homeowner status is less of a barrier. None of the lenders on this list require you to own a home. The asset itself provides the primary security.
For construction firms, lenders will also review your order book, contract pipeline and debtor quality. Strong contracts with main contractors or public sector clients strengthen your application at the £900,000 level.
Hire purchase versus lease for £900,000 construction plant
When financing £900,000 of plant equipment, your agreement structure matters as much as the rate. The two main options are hire purchase (HP) and finance lease.
With HP, you pay a deposit, typically covering the VAT element, then make fixed monthly payments. At the end of the term, you own the asset outright. This suits construction firms that want plant on their balance sheet and plan to use it long term. You can also claim capital allowances on the equipment.
A finance lease keeps the asset off your balance sheet. You pay fixed rentals and the lender retains ownership. At the end, you can extend the lease at a lower rental, sell the asset and keep a share of proceeds, or return it. This helps cash flow for plant that depreciates quickly or gets replaced every few years.
For construction firms, the choice often depends on how long you keep the equipment. Excavators and dozers kept for 7 to 10 years suit HP. Specialist kit tied to a single contract may work better on lease. Term lengths at this level range from 1 to 7 years. Admiral Leasing, Aldermore and Close Brothers all offer up to 7-year terms. Reward Funding specialises in shorter facilities up to 1 year, suited to bridging or project-specific needs.
