March 13, 2026
Lists

Best Asset Finance Lenders for the Transport Industry

Discover the top asset finance lenders specialising in the UK transport industry. Learn how to secure the best loans to grow your fleet and improve your business cash flow.
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Best Asset Finance Lenders for the Transport Industry
Jesse Spence
Finance content writer / Market researcher

4 years of experience in market research. He focuses on turning lender criteria and market insights into practical, plain-English resources that help business ownersb improve approval chances and choose the right type of finance

Best Asset Finance Lenders for the Transport Industry

For UK franchise buyers and operators, this guide compares loan periods and amounts, APRs, and terms across leading providers, with a focus on eligibility and fit. Amounts that could not be verified are left blank, prices accurate as of 2026-03-13.

1. Funding Agent

Funding Agent focuses on helping UK SMEs quickly compare a wide range of business finance options. It is suitable for businesses needing fast access to funding with a straightforward application process and flexible lending options. The provider offers unsecured facilities with no collateral typically required, making it accessible for diverse business needs.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £1,000,000
  • Min APR: 4%
  • Max APR: 20%
  • Loan Duration: 3–60 months ⌛

Services & Industries

  • Finance Types: Unsecured business loans, MCA Loans, Working capital
  • Industries: UK SME's

Pros

  • fastest and easiest application process
  • No collateral required

Cons

  • lower track record, only trading 1 year

Sources: Funding Agent

2. Aldermore Bank

Aldermore Bank offers asset and invoice finance with a focus on specialist business lending solutions. It suits businesses seeking straightforward lending with potentially flexible repayment structures and broker access. The bank typically requires relevant security and targets borrowers requiring tailored financing in niche sectors.

Loan Details

  • Min Amount: £25,000
  • Max Amount: £2,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 12–60 months ⌛

Services & Industries

  • Finance Types: Asset finance, Invoice finance, Business loans
  • Industries: SMEs, Manufacturing, Motor, Lease

Pros

  • Specialized sectors
  • Flexible terms

Cons

  • APR not clearly defined
  • Mostly online interaction

Sources: Source

3. Paragon Bank

Paragon Bank specialises in asset finance for transport and logistics, offering packages tailored to vehicle fleets and lease agreements. It is suitable for business clients requiring structured loans with potential for large lending amounts. Paragon’s services often include flexible products with security options based on asset types.

Loan Details

  • Min Amount: £70,000
  • Max Amount: £60,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 15–60 months ⌛

Services & Industries

  • Finance Types: Asset finance, Hire purchase, Contract hire
  • Industries: Transport, Logistics, Vehicle leasing

Pros

  • Wide range of finance options
  • Specialized vehicle finance

Cons

  • High minimum loan amounts
  • Limited APR information

Sources: Source

4. Lombard

Lombard is the UK’s largest asset finance provider and serves multiple sectors including transport. The lender generally offers a broad product range with flexible loan durations tied to asset types. This provider is suitable for borrowers needing comprehensive options with security often required on financed assets.

Loan Details

  • Min Amount: £65,000
  • Max Amount: £5,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Flexible durations depending on asset type. ⌛

Services & Industries

  • Finance Types: Asset finance, Vehicle finance, Equipment leasing
  • Industries: Transport, Manufacturing, Energy

Pros

  • Largest UK asset finance provider
  • Comprehensive finance options

Cons

  • Not all loan types disclosed
  • Complex eligibility criteria

Sources: Source

5. Asset Alliance Group

Asset Alliance Group focuses on commercial vehicle finance and leasing, particularly for buses, coaches, and logistics fleets. It suits businesses looking for tailored lease and contract hire options. This provider may offer flexible financing with collateral typically secured against financed vehicles.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £500,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 12–84 months ⌛

Services & Industries

  • Finance Types: Finance lease, Operating lease, Contract hire
  • Industries: Commercial Transport, Bus & Coach, Logistics

Pros

  • Specializes in commercial vehicles
  • Flexible leasing options

Cons

  • Limited APR transparency
  • Primarily vehicle-focused

Sources: Source

6. Premier Asset Finance

Premier Asset Finance provides bespoke asset finance solutions for industries like manufacturing and transport. It is suitable for businesses requiring tailored loans for new and used assets. The provider generally offers various repayment options and flexible terms to match borrower needs.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £500,000
  • Min APR: 2.5%
  • Max APR: 11.2%
  • Loan Duration: 12–84 months ⌛

Services & Industries

  • Finance Types: Asset finance, Hire purchase
  • Industries: Manufacturing, Transport, Agriculture

Pros

  • Custom finance solutions
  • Wide industry reach

Cons

  • High APRs for higher amounts
  • Complex application process

Sources: Source

7. Novuna

Novuna offers asset finance and leasing primarily aimed at retail, motor, and transport sectors. It is suited for entities seeking tailored finance with quick decision-making and flexible options. Novuna provides a variety of finance types with different repayment plans and sector-specific expertise.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £500,000
  • Min APR: 6.1%
  • Max APR: 0%
  • Loan Duration: 1–5 years ⌛

Services & Industries

  • Finance Types: Asset finance, Retail finance, Motor finance
  • Industries: Retail, Motor, Transport

Pros

  • Quick decision process
  • Comprehensive finance options

Cons

  • APR varies significantly
  • Mostly geared towards retail

Sources: Source

8. Ultimate Finance

Ultimate Finance specialises in asset-based lending, working capital, and bridging finance for business clients. It is suited for those needing specialist products with a broad range of repayment terms and asset-backed options. Ultimate Finance typically offers tailored finance solutions with a focus on speed and flexibility.

Loan Details

  • Min Amount: £500
  • Max Amount: £15,000,000
  • Min APR: 6%
  • Max APR: 15%
  • Loan Duration: 1–5 years ⌛

Services & Industries

  • Finance Types: Asset finance, Working capital, Bridging finance
  • Industries: Real Estate, Transport, Construction

Pros

  • Wide range of products
  • Specialist support

Cons

  • Complex financing terms
  • Limited sector focus

Sources: Source

9. Honey Asset Finance

Honey Asset Finance offers bespoke asset finance options designed for transport and growing businesses. It is appropriate for operators needing custom solutions with a focus on flexibility. The provider typically requires security linked to financed assets and offers structured repayment arrangements.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £0
  • Min APR: 4.5%
  • Max APR: 0%
  • Loan Duration: 24–60 months ⌛

Services & Industries

  • Finance Types: Asset finance, Fleet finance, Equipment leasing
  • Industries: Transport, Agriculture, Construction

Pros

  • Bespoke solutions
  • Industry-focused

Cons

  • Limited loan size transparency
  • Specific to asset categories

Sources: Source

10. Millbrook Business Finance

Millbrook Business Finance offers vehicle and equipment finance tailored for SMEs in the transport industry. It suits businesses looking for competitive terms with flexible repayment options and working capital support. Collateral is often secured on financed assets for this provider.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £2,000,000
  • Min APR: 7.5%
  • Max APR: 15.5%
  • Loan Duration: 12–60 months ⌛

Services & Industries

  • Finance Types: Vehicle finance, Equipment leasing, Working capital
  • Industries: Transport, SME, Technology

Pros

  • Competitive APRs
  • Focus on SMEs

Cons

  • Shorter loan durations
  • Limited scalability

Sources: Source

How to choose

When selecting an asset finance lender for the transport industry, consider the loan size relative to your business needs and the interest rates on offer. Evaluate how each lender's eligibility criteria align with your business profile and asset type. Factor in the speed of approval, flexibility of repayment terms, and whether collateral is required. Assess broker access if you prefer assistance or wider options. Finally, examine fees, loan duration, and any early repayment conditions to find the best fit.

Conclusion

Choosing the right lender depends on your specific use case. Banks like Aldermore and Paragon may suit larger asset-backed loans, while brokers such as Funding Agent provide quicker comparisons across multiple lenders. Specialists often serve niche sectors with tailored solutions but may have more complex terms. For transport industry asset finance up to £1,000,000, Funding Agent is an option for fast access and straightforward applications. Always verify details and terms prior to commitment.

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FAQs

What is asset finance in the transport industry?
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1Funding AgentFunding Agent helps UK SMEs compare business finance options fast, with a simple application journey and quick eligibility matching.£10,000–£1,000,000; 4%–20% APR; 3–60 months
2Aldermore BankAldermore Bank provides specialized business finance solutions including asset finance and invoice finance.£25,000–£2,000,000; 0%–0% APR; 12–60 months
3Paragon BankParagon Bank offers a variety of financial services including asset finance tailored for the transport industry, specializing in vehicles and logistics.£70,000–£60,000,000; 0%–0% APR; 15–60 months
4LombardLombard is the UK's largest asset finance provider, focusing on various sectors including transport, manufacturing, and energy.£65,000–£5,000,000; 0%–0% APR; Flexible durations depending on asset type.
5Asset Alliance GroupAsset Alliance Group specializes in commercial vehicle finance and sales solutions, supporting the transport and logistics sector with flexible financing and leasing options for buses, coaches, and other commercial vehicles.£10,000–£500,000; 0%–0% APR; 12–84 months
6Premier Asset FinancePremier Asset Finance provides a comprehensive suite of asset finance solutions for industries including manufacturing and transport, with bespoke finance for new and used asset acquisitions.£5,000–£500,000; 2.5%–11.2% APR; 12–84 months
7NovunaNovuna offers financial solutions across retail, motor, and business sectors with tailored asset finance and leasing solutions for the transportation industry.£10,000–£500,000; 6.1%–0% APR; 1–5 years
8Ultimate FinanceUltimate Finance is a specialist lender providing asset-based funding solutions for businesses, focusing on asset finance, working capital, and bridging finance.£500–£15,000,000; 6%–15% APR; 1–5 years
9Honey Asset FinanceHoney Asset Finance provides funding solutions for the transport sector and various stages of business growth through bespoke asset finance options.£5,000–£0; 4.5%–0% APR; 24–60 months
10Millbrook Business FinanceMillbrook Business Finance offers tailored finance solutions for SMEs, with a focus on vehicle and equipment finance in the transport industry.£10,000–£2,000,000; 7.5%–15.5% APR; 12–60 months
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