Top 10 Lenders to Secure £950,000 Asset Finance in the UK (2026)
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Top 10 Lenders for £950,000 Asset Finance in the UK
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Businesses funding specialist production equipment or commercial fleets | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Growing businesses with diverse asset finance needs and annual rate preference | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Well-established firms needing large-scale asset-backed facilities up to £5 million | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | One Stop Business Finance | Businesses funding six-figure machinery and equipment purchases | £100,000 to £3,000,000 | interest 1.6% to 3% monthly |
| 5 | Fleximize | Included for comparison; better suited to asset finance facilities below £500,000 | £10,000 to £500,000 | interest 0.9% to 3.6% monthly |
| 6 | Metro Bank | Businesses comparing high-street bank asset finance for major purchases | £2,000 to £25,000,000 | interest 9.6% to 9.6% annually |
| 7 | NatWest Bank | Trading businesses preferring traditional bank-backed asset finance | £500 to £10,000,000 | interest 4.5% to 10.5% annually |
| 8 | Barclays | Larger firms needing high-limit asset finance from a major clearing bank | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 9 | Novuna | Businesses comparing specialist providers for larger asset-backed agreements | £10,000 to £5,000,000 | interest 4.5% to 12.5% monthly |
| 10 | Virgin Money | More established operators with asset finance requirements up to £10 million | £30,000 to £10,000,000 | interest 4.5% to 10.5% annually |
Asset finance is a secured funding arrangement where the equipment, vehicle, or machinery you purchase acts as collateral for the loan itself. For established businesses, this structure preserves working capital while spreading the cost of high-value assets over their useful life. Whether upgrading a commercial fleet, expanding production lines, or investing in heavy plant, asset-backed lending at this level suits firms with a solid trading record and the turnover to service larger commitments.
Comparing asset finance lenders for a facility of this size goes beyond headline rates. The type of assets a lender will fund, their maximum advance against asset value, and the term length they offer all shape the true cost. Deposit requirements vary between providers and can significantly affect upfront cash flow. Established businesses should also weigh funding speed, whether the lender specialises in their asset class, and whether the rate is fixed or variable over the term.
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: Competitive monthly rates starting from 0.99% keep the cost of a large asset facility manageable, especially on higher-value equipment where margins matter. Reward Funding funds deals from £100,000 to £5,000,000 across vehicles, machinery and refinancing. Expect the lender to require suitable security and potentially a valuation before drawdown.
Best next step: Compare rates and terms for your asset type
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low monthly rates from 0.99%
- Funds up to £5,000,000
- Covers new and existing assets
Need to know
- Requires suitable asset security
- Valuation costs may apply
- Deposit may be needed
Expert take
A specialist asset lender with a revolving credit structure that suits businesses needing repeat drawdowns. For a £950,000 asset purchase, the rate band and high facility cap work in the applicant's favour.
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 takes a pragmatic approach to asset-backed lending, funding equipment and vehicle purchases from £10,000 to £2,000,000. An annual rate structure simplifies cost comparison for established businesses planning a major acquisition. The straightforward asset-focused model means underwriting centres on the equipment's value and the company's trading record.
Best next step: Check eligibility for your equipment or vehicle purchase
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rate structure
- Funds up to £2,000,000
- Covers equipment and vehicles
Need to know
- Annual rates from 11%
- Deposit may be required
- Asset eligibility checks apply
Expert take
A hands-on asset finance provider that funds purchases across a broad range of equipment types. The annual pricing model gives clear cost visibility for a facility of this size.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: With facilities reaching £5,000,000, Lombard handles larger plant, commercial vehicle and production machinery purchases comfortably. The lender is a well-established name in UK asset finance with rates from 4% monthly. Borrowers should budget for potential deposit requirements and asset-specific eligibility checks.
Best next step: See if your assets qualify for Lombard's rates
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £5,000,000
- Rates from 4% monthly
- Backed by a major brand
Need to know
- Monthly rate structure
- Deposit may be required
- Asset eligibility checks apply
Expert take
A long-standing UK asset finance house with deep experience in mid-to-large ticket deals. For a £950,000 facility, the high lending cap and competitive rate band are strong positives.
Source:https://www.lombard.co.uk/
One Stop Business Finance
Published loan range£100,000 to £3,000,000
Rate typeinterest 1.6% to 3% monthly
Overview: A revolving facility from One Stop Business Finance lets established businesses draw, repay and reuse funds as asset needs evolve, rather than locking into a single rigid term. The lender works with facilities from £100,000 to £3,000,000 and charges interest from 1.6% monthly. Security and a strong trading history will be expected.
Best next step: Explore revolving credit for your asset funding needs
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving drawdown structure
- Funds up to £3,000,000
- Flexible working capital access
Need to know
- Requires suitable security
- Monthly rates from 1.6%
- Strong trading history needed
Expert take
A secured lender that blends asset finance with ongoing working capital flexibility. Businesses funding rolling equipment upgrades at the £950,000 level will find the revolving model practical.
Source:https://www.osbf.co.uk/
Fleximize
Published loan range£10,000 to £500,000
Rate typeinterest 0.9% to 3.6% monthly
Overview: Fleximize can turn around an asset-backed facility within 24 hours for established SMEs, making it a contender when timing is tight. The lender's secured term loans run from £10,000 to £500,000 with monthly rates from 0.9%. For a £950,000 total requirement, Fleximize may fund a portion alongside another facility or suit businesses where asset values align within its cap.
Best next step: Check if split funding could cover your full requirement
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding in as little as 24 hours
- Rates from 0.9% monthly
- Secured term loan structure
Need to know
- Maximum facility is £500,000
- Requires property or asset security
- Personal guarantee may apply
Expert take
A responsive secured lender geared towards established SMEs with tangible security. The £500,000 cap means it suits split-funding arrangements for larger asset acquisitions rather than covering the full £950,000 alone.
Source:https://fleximize.com/
Metro Bank
Published loan range£2,000 to £25,000,000
Rate typeinterest 9.6% to 9.6% annually
Overview: Metro Bank brings high-street backing to asset finance, funding from £2,000 to £25,000,000 at a fixed annual rate around 9.6%. For an established business seeking a substantial asset facility, the bank's broad lending capacity and regulated status offer reassurance. Underwriting will be more thorough than alternative lenders, so plan for a longer approval timeline.
Best next step: Compare bank asset finance terms for large facilities
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Lends up to £25,000,000
- High-street bank backing
- Fixed annual rate structure
Need to know
- Bank underwriting is slower
- Strong trading history required
- Personal guarantee may apply
Expert take
A mainstream bank with asset finance and invoice finance under one roof. The scale and regulatory oversight suit management teams who value institutional lending relationships at this facility size.
Source:https://www.metrobankonline.co.uk/business/borrowing/
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NatWest Bank
Published loan range£500 to £10,000,000
Rate typeinterest 4.5% to 10.5% annually
Overview: NatWest pairs asset finance with invoice finance, revolving credit and term loans, giving established businesses room to structure a £950,000 facility across multiple products if needed. The bank lends from £500 to £10,000,000 with annual rates between 4.5% and 10.5%. Expect detailed affordability checks and a methodical approval process.
Best next step: Explore multi-product options for your asset purchase
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Multi-product lending capability
- Rates from 4.5% annually
- Lends up to £10,000,000
Need to know
- Slower bank underwriting
- Detailed affordability checks
- Limits may be reviewed
Expert take
A high-street lender with one of the widest product ranges in UK business banking. For a £950,000 asset purchase, the option to blend asset finance with other facilities is a genuine advantage.
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: Barclays funds asset purchases from £1,000 to £25,000,000, covering equipment, vehicles and specialist assets for established UK businesses. Annual rates range from 8.5% to 14.9% and the bank's dedicated asset finance arm brings institutional rigor to larger transactions. The trade-off is a more thorough credit assessment than specialist lenders require.
Best next step: Review Barclays asset finance for your equipment needs
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Lends up to £25,000,000
- Broad asset type coverage
- High-street bank backing
Need to know
- Annual rates from 8.5%
- Rigorous credit assessment
- Security and valuation needed
Expert take
A major clearing bank with a dedicated asset finance arm spanning equipment, vehicles and specialist sectors. The institutional backing and £25M ceiling make it a natural fit for six-figure asset acquisitions.
Novuna
Published loan range£10,000 to £5,000,000
Rate typeinterest 4.5% to 12.5% monthly
Overview: Novuna covers asset finance, invoice finance and trade finance from £10,000 to £5,000,000, with monthly rates from 4.5% to 12.5%. For an established business raising £950,000, the ability to structure across asset types and receivables under one roof can simplify the funding package. Expect standard asset security and valuation requirements.
Best next step: See if blended asset and invoice finance suits you
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Multi-product funding options
- Lends up to £5,000,000
- Covers asset and invoice finance
Need to know
- Monthly rate structure
- Asset security required
- Valuation costs may apply
Expert take
A diversified finance provider that blends asset-backed and receivables-based lending. Businesses with mixed asset portfolios at the £950,000 level can benefit from structuring flexibility.
Virgin Money
Published loan range£30,000 to £10,000,000
Rate typeinterest 4.5% to 10.5% annually
Overview: Virgin Money's asset finance sits alongside revolving credit and term loan facilities, giving established businesses room to tailor a £950,000 funding structure. The bank lends from £30,000 to £10,000,000 with annual rates between 4.5% and 10.5%. As with any high-street lender, expect thorough underwriting and a methodical timeline.
Best next step: Compare Virgin Money's rates for your asset purchase
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Flexible multi-product structure
- Rates from 4.5% annually
- Lends up to £10,000,000
Need to know
- Bank underwriting timeline
- Affordability evidence needed
- Limits can be reviewed
Expert take
A high-street bank with revolving credit and asset finance capabilities under one roof. The blend of institutional backing and product flexibility suits established businesses funding significant equipment acquisitions.
Source:https://uk.virginmoney.com/business/business-borrowing/
Asset Finance Calculator
What asset types can you finance with a £950,000 facility
A £950,000 asset finance facility typically covers high-value equipment, heavy machinery, commercial vehicles, or production lines. Lenders on this page accept a broad range of tangible business assets as security. Reward Funding and Lombard both offer facilities up to £5,000,000, making them suited to larger single-asset or multi-asset deals.
Hard assets with clear resale value tend to attract better terms. This includes excavators, CNC machines, HGVs, printing presses, and manufacturing plant. Bespoke or niche equipment may face stricter lending criteria or lower advance rates.
The asset's age and expected working life also matter. Most lenders prefer assets that will retain usable value beyond the finance term. If you are funding several pieces of equipment under one facility, expect each asset to be listed on the schedule with its own valuation. The assets themselves serve as the primary security, which is why lender scrutiny on asset quality increases at the £950,000 level.
Deposit requirements and LTV expectations for £950,000 asset finance
At the £950,000 level, lenders typically expect a deposit, with the loan-to-value ratio determining how much you need to put down. Where LTV data is confirmed, Reward Funding publishes a maximum loan-to-value of 85%, meaning a deposit of at least 15% or roughly £142,500 on a £950,000 facility. One Stop Business Finance caps LTV at 75%, which would require a 25% deposit or about £237,500.
The exact deposit depends on the asset type, its age, and your business profile. Newer assets with strong resale markets such as mainstream commercial vehicles or standard plant machinery often qualify for higher LTVs. Specialised or older equipment may attract lower advance rates.
Some lenders may also accept part-exchange of existing owned assets to reduce the cash deposit required. If you already own equipment outright, speak to your broker or lender about using it to offset the upfront contribution.
Eligibility criteria for high-value asset-backed lending
Lenders assess trading history, turnover, and director guarantees when underwriting a £950,000 asset finance application. Lombard requires a minimum of one year's trading and £25,000 in annual turnover. NatWest sets a higher turnover threshold at £300,000, while Novuna asks for £50,000 and one year of trading history.
Personal guarantees are widely required at this facility size. Reward Funding, Liberty Leasing, One Stop Business Finance, Metro Bank, NatWest, Virgin Money, and Fleximize all ask directors to provide a personal guarantee. This gives the lender recourse beyond the financed asset itself.
Most lenders on this list do not require homeownership as a condition, though Fleximize and Metro Bank are exceptions. The financed assets serve as the primary security, so lenders focus heavily on asset quality and your ability to service repayments from cash flow. Expect to supply management accounts, bank statements, and asset quotations as part of the application.
How to strengthen your application for £950,000 asset finance
A well-prepared application can improve the terms you are offered on a £950,000 facility. Start with detailed asset quotations from reputable suppliers. Lenders want to see clear specifications, pricing, and delivery timelines.
Provide up-to-date management accounts and cash flow forecasts that show your business can comfortably service the repayments. At this facility size, lenders will scrutinise affordability closely. If your business has seasonal income, include a narrative explaining how you manage cash flow across quieter periods.
Consider approaching lenders whose published loan ranges align with your needs. Reward Funding starts at £100,000 and goes to £5,000,000. Lombard offers up to £5,000,000. One Stop Business Finance lends from £100,000 to £3,000,000. Fleximize caps at £500,000, so a £950,000 request sits outside their range.
If you have existing owned assets, discuss part-exchange or additional security options with your broker. A strong application backed by clear documentation often secures better rates and terms.
