March 17, 2026
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Best Equipment Finance Lenders for the Construction Industry

Discover the best equipment finance lenders for the construction industry in the UK. Compare options, rates, and terms to find the right funding for your construction equipment needs.
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Best Equipment Finance Lenders for the Construction 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 Equipment Finance Lenders for the Construction 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 2026-03-16.

1. Funding Agent

Funding Agent offers a straightforward platform for UK SMEs to compare various business finance options. It is suited to borrowers needing quick access to unsecured finance with a focus on ease of application and eligibility. The provider offers flexible repayment terms without requiring collateral.

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. Close Brothers Group

Close Brothers Group specialises in merchant banking solutions including asset finance and lending. It is typically suitable for SMEs requiring secured and structured financial products within manufacturing, logistics, and agricultural sectors. The group offers diverse finance options balanced with competitive terms.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £2,000,000
  • Min APR: 2.5%
  • Max APR: 7%
  • Loan Duration: 6–84 months ⌛

Services & Industries

  • Finance Types: Hire Purchase, Leasing, Refinancing
  • Industries: Manufacturing, Logistics, Agriculture

Pros

  • Competitive interest rates
  • Wide range of financing options

Cons

  • Focuses heavily on asset finance rather than direct loans

Sources: Source

3. Aldermore

Aldermore provides asset finance and business loans primarily for SMEs engaged in property and transport sectors. It is suited for borrowers seeking competitive rates through structured lending with government-backed guarantees. The bank focuses on secured lending with clear repayment options.

Loan Details

  • Min Amount: £25,000
  • Max Amount: £2,000,000
  • Min APR: 3.54%
  • Max APR: 5.9%
  • Loan Duration: 12–72 months ⌛

Services & Industries

  • Finance Types: Asset Finance, Invoice Finance, Business Loans
  • Industries: SME, Property, Transport

Pros

  • Government-backed Growth Guarantee Scheme
  • Competitive APR options

Cons

  • Primarily asset-based finance

Sources: Source

4. Paragon Bank

Paragon Bank focuses on structured lending and asset finance for SMEs, particularly in the construction and property sectors. It serves borrowers needing larger loan amounts with tailored terms and security requirements. The bank emphasises reliable financing alongside specialist support.

Loan Details

  • Min Amount: £100,000
  • Max Amount: £60,000,000
  • Min APR: 4.5%
  • Max APR: 7.5%
  • Loan Duration: 15–36 months ⌛

Services & Industries

  • Finance Types: Structured Lending, Asset Finance
  • Industries: Construction, SME, Property

Pros

  • Specialist in asset finance
  • Large loan capacities

Cons

  • Higher minimum loan requirements

Sources: Source

5. Portman Finance Group

Portman Finance Group operates as a hybrid broker and lender, providing flexible finance solutions for SMEs across various industries. It is appropriate for businesses seeking both unsecured and asset-based loans with relatively fast approval. The group focuses on tailored lending backed by broker access.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £2,000,000
  • Min APR: 5.9%
  • Max APR: 7.2%
  • Loan Duration: 3–72 months ⌛

Services & Industries

  • Finance Types: Business Loans, Asset Finance, Unsecured Loans
  • Industries: SME, Retail, Manufacturing

Pros

  • Fast approval
  • Flexible unsecured options

Cons

  • Mainly operates as a broker

Sources: Source

6. Origin Finance

Origin Finance is an independent brokerage focused on asset finance that supports SME growth in manufacturing and technology sectors. It is suitable for businesses requiring flexible financing solutions with brokered access. The emphasis is on customer service and diversified asset financing.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £500,000
  • Min APR: 5.99%
  • Max APR: 14.9%
  • Loan Duration: 6–84 months ⌛

Services & Industries

  • Finance Types: Business Loans, Asset Finance
  • Industries: Manufacturing, Retail, Technology

Pros

  • Customer-centric approach
  • Broad asset finance options

Cons

  • Focus on asset and equipment financing

Sources: Source

7. Premier Leasing & Finance Ltd

Premier Leasing & Finance Ltd is an independent asset finance provider serving SMEs with solutions across healthcare, construction, and IT sectors. This lender suits companies seeking asset-backed finance with competitive rates and relatively quick approval. The portfolio offers tailored leasing and loan options.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £60,000,000
  • Min APR: 6%
  • Max APR: 18%
  • Loan Duration: 12–60 months ⌛

Services & Industries

  • Finance Types: Leasing, Business Loans
  • Industries: Healthcare, Construction, IT Services

Pros

  • Industry-leading rates
  • Fast approval

Cons

  • Limited to asset-backed financing

Sources: Source

8. Funding Circle

Funding Circle operates a peer-to-peer lending marketplace providing loans primarily for SMEs across retail, manufacturing, and technology. It suits borrowers seeking flexible term loans without early repayment fees. The platform offers direct lending with variable APRs and fixed repayment durations.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £750,000
  • Min APR: 4.9%
  • Max APR: 30%
  • Loan Duration: 6–60 months ⌛

Services & Industries

  • Finance Types: Term Loans, FlexiPay Credit
  • Industries: Retail, Manufacturing, Technology

Pros

  • No early repayment fees
  • Flexible term loans

Cons

  • Peer-to-peer lending limitations

Sources: Source

9. Bibby Financial Services

Bibby Financial Services specialises in invoice finance and asset finance tailored for construction, manufacturing, and logistics SMEs. This provider suits companies seeking cash flow funding with options relying on invoice security. The focus is on structured finance solutions with variable repayment terms.

Loan Details

  • Min Amount: £7,500
  • Max Amount: £25,000
  • Min APR: 6.3%
  • Max APR: 0%
  • Loan Duration: Variable ⌛

Services & Industries

  • Finance Types: Invoice Finance, Asset Finance
  • Industries: Construction, Manufacturing, Logistics

Pros

  • Trusted partner in finance
  • Diverse financial solutions

Cons

  • Primarily focused on invoice finance

Sources: Source

10. Millbrook

Millbrook is an independent asset finance brokerage providing equipment finance solutions for SMEs. It is suited for businesses in construction and technology sectors requiring flexible financing options without extensive collateral. Millbrook offers competitive rates and brokered services across multiple industries.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £750,000
  • Min APR: 4.9%
  • Max APR: 15.5%
  • Loan Duration: 6–72 months ⌛

Services & Industries

  • Finance Types: Business Credit Lines, Equipment Financing
  • Industries: Construction, Technology, Retail

Pros

  • Competitive rates
  • Flexible financing options

Cons

  • Primarily acts as a finance broker

Sources: Source

How to choose

When selecting equipment finance lenders for the construction industry, consider how loan size and APR align with your project budget. Evaluate eligibility criteria based on your business profile and ensure repayment schedules accommodate your cash flow and seasonal cycles. Assess whether you prefer brokers for access to multiple lenders or direct lenders for specific products. Flexibility, speed of funding, and collateral requirements are key factors. Also, review fees, early repayment terms, and lender reputation to avoid unexpected costs. Being clear on your financing needs will help identify the best fit for your construction business.

Conclusion

Matching lender type to your needs matters. Banks like Paragon and Aldermore suit large, secured loans with structured terms. Brokers and hybrid lenders such as Portman and Origin offer flexible access to various products, typically for smaller or more varied loan needs. Specialists like Bibby Financial focus on invoice finance solutions. Funding Agent provides a useful platform for comparing options when considering a 200 thousand pounds loan or other amounts. Always verify current terms directly with providers to ensure the best fit for your business situation.

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FAQs

What is equipment finance for the construction industry?
Which types of construction equipment can be financed?
How do I choose the best equipment finance lender?
What are the typical repayment terms for construction equipment finance?
Can startups or new construction companies get equipment finance?
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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
2Close Brothers GroupClose Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services, and securities trading.£10,000–£2,000,000; 2.5%–7% APR; 6–84 months
3AldermoreAldermore is an award-winning bank offering a range of competitive business finance solutions across asset finance, mortgages, and savings.£25,000–£2,000,000; 3.54%–5.9% APR; 12–72 months
4Paragon BankParagon Bank is a UK-based bank offering competitive finance products, supporting the ambitions of SMEs with tailored finance solutions.£100,000–£60,000,000; 4.5%–7.5% APR; 15–36 months
5Portman Finance GroupPortman Finance Group is one of the UK's largest hybrid broker-lenders, offering tailored finance solutions to over 20,000 businesses.£10,000–£2,000,000; 5.9%–7.2% APR; 3–72 months
6Origin FinanceOrigin Finance is an independent asset finance brokerage providing tailored financial solutions to support business growth with ease.£10,000–£500,000; 5.99%–14.9% APR; 6–84 months
7Premier Leasing & Finance LtdPremier Leasing & Finance is an independent asset finance provider for SMEs, offering comprehensive solutions across various asset domains.£5,000–£60,000,000; 6%–18% APR; 12–60 months
8Funding CircleFunding Circle is a peer-to-peer lending marketplace specializing in providing loans to small and medium-sized enterprises (SMEs) in the UK.£10,000–£750,000; 4.9%–30% APR; 6–60 months
9Bibby Financial ServicesBibby Financial Services is the UK's leading independent invoice finance specialist, providing cash flow funding for over 8,500 businesses.£7,500–£25,000; 6.3%–0% APR; Variable
10MillbrookMillbrook Business Finance is an independent asset finance brokerage offering equipment finance solutions to SMEs across various sectors.£10,000–£750,000; 4.9%–15.5% APR; 6–72 months
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