Top 10 Construction Asset Finance Lenders UK 2026
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Top construction asset finance providers compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Liberty Leasing | Construction firms wanting fast decisions on equipment up to £2m | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 2 | Lombard | Established construction businesses needing larger asset finance lines | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 3 | Reward Funding | Well-established construction firms seeking six-figure equipment finance | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 4 | Time Finance | Construction businesses looking for tailored asset finance solutions | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Smaller construction operators needing equipment from £1,000 upwards | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Lloyds Bank | Construction firms seeking smaller-ticket finance from a high-street bank | £1,000 to £50,000 | interest 10.65% to 11.2% annually |
| 7 | Barclays | Construction businesses needing flexible asset finance across a broad range | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 8 | Rivers Leasing | Mid-sized construction firms funding equipment between £5,000 and £100,000 | £5,000 to £100,000 | interest 4% to 11.5% monthly |
| 9 | Aldermore Asset finance | Construction businesses of all sizes needing flexible equipment funding | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Large construction contractors requiring substantial asset finance facilities | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets construction businesses acquire essential equipment and machinery without paying the full cost upfront. You spread the cost over time while the asset itself serves as security. This suits construction well: excavators, dumpers, scaffolding, and specialist vehicles all carry significant price tags. A £50,000 facility could fund a mid-range excavator or several commercial vehicles to keep your projects on schedule.
Comparing construction asset finance providers takes more than scanning rates. Look at the lender's published loan range: some cap at £100,000 while others stretch into the millions, so match this to your equipment needs. Check whether rates are fixed or variable and whether the lender understands construction asset lifespans. Funding speed matters when you need to secure machinery before a competitor does. Also verify minimum trading history, as newer construction firms may face tighter eligibility criteria.
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.
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: For construction firms buying plant or heavy machinery, Liberty Leasing structures asset-backed agreements with annual interest from 11% to 16%. It can fund up to £2,000,000 and often approves within 24 hours. The asset secures the debt, so a deposit may be needed.
Best next step: Check eligibility for plant and machinery finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Transparent annual interest from 11% to 16%
- Facilities available from £10,000 to £2,000,000
- Funding decisions often within 24 hours
Need to know
- Asset secures the debt throughout the term
- Deposits may be required on larger assets
- Eligibility tied to asset type and valuation
Expert take
A dedicated asset finance house that writes straightforward agreements for tangible equipment. Construction businesses financing plant, vehicles or machinery will find the product fit intuitive and the approval pace workable.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: When a construction business needs asset funding well into seven figures, Lombard can stretch to £5,000,000 with monthly interest from 4% to 11.5%. Decisions often come within 24 hours. Valuation checks on high-value machinery are part of the underwriting.
Best next step: Explore large-scale construction equipment funding
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Upper limit of £5,000,000 for major purchases
- Monthly interest structure from 4% to 11.5%
- Same-day to 24-hour approval on many deals
Need to know
- Larger deals require thorough asset valuation
- Monthly rate structure differs from annual pricing
- Terms depend on asset type and business profile
Expert take
A well-established name in UK asset finance with deep experience funding high-value machinery. Construction firms needing six- or seven-figure equipment finance will appreciate the capacity and speed.
Source:https://www.lombard.co.uk/
Reward Funding
Published loan range£100,000 to £5,000,000
Rate typeinterest 0.99% to 3% monthly
Overview: Construction firms running multi-site operations often need to draw equipment finance in stages rather than one lump sum. Reward Funding's revolving asset facility, from £100,000 to £5,000,000 at 0.99% to 3% monthly, is built for that pattern. Security and legal costs apply.
Best next step: See if revolving asset finance suits your programme
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving drawdown for staged equipment purchases
- Monthly rates starting from 0.99%
- Facilities scale to £5,000,000 for major programmes
Need to know
- Minimum facility size is £100,000
- Suitable security and valuation needed
- Legal and arrangement costs may apply
Expert take
A flexible lender suited to established construction firms running multi-site or phased equipment programmes. The revolving structure lets you draw as you buy, rather than taking a lump sum upfront.
Source:https://rewardfunding.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Contractors waiting on retentions or stage payments sometimes need working capital before they can fund equipment. Time Finance turns unpaid construction invoices into accessible cash, with facilities up to £5,000,000 at 5.5% to 13.5% annual interest. Debtor quality drives the terms.
Best next step: Check invoice finance terms for construction contractors
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Releases cash tied up in unpaid invoices
- Annual interest from 5.5% to 13.5%
- Facilities up to £5,000,000 available
Need to know
- Suitability depends on debtor quality
- Costs may rise with facility usage
- Invoice finance, not direct asset lending
Expert take
Primarily an invoice finance house that construction firms can use to bridge cash-flow gaps and fund equipment indirectly. It suits contractors whose strongest asset is their receivables book rather than physical plant.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Urgent equipment needs, whether from a mid-project breakdown or a tender deadline, demand finance that moves at pace. Admiral Leasing can decide within four hours, with annual rates from 5.5% to 13.5% on facilities from £1,000. Quick decisions typically involve tighter affordability checks.
Best next step: Get a quick decision on construction equipment finance
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decisions possible within four hours
- Annual interest from 5.5% to 13.5%
- Facilities available from just £1,000
Need to know
- Quick decisions may involve tighter checks
- Strong trading history often expected
- Personal guarantee may be requested
Expert take
A speed-focused equipment lessor that suits construction firms needing urgent machinery or vehicle finance. The rapid turnaround is the real draw, backed by thorough underwriting.
Lloyds Bank
Published loan range£1,000 to £50,000
Rate typeinterest 10.65% to 11.2% annually
Overview: An existing high-street banking relationship can smooth the path to construction asset finance. Lloyds Bank writes equipment agreements at annual rates from 10.65% to 11.2%, covering £1,000 to £50,000. Expect thorough bank underwriting and a longer timeline.
Best next step: Apply through your existing banking relationship
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Competitive annual rates from 10.65% to 11.2%
- Existing banking relationship can help
- Suitable for smaller asset purchases to £50,000
Need to know
- Bank underwriting is thorough and slower
- Strong trading history typically required
- Personal guarantee may be needed
Expert take
A high-street bank with predictable asset finance pricing. Construction firms with an existing Lloyds relationship will find the process familiar and the annual rate structure easy to compare.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Growing construction firms whose equipment needs span everything from small tools to heavy plant will find Barclays' range practical: £1,000 to £25,000,000 at annual interest from 8.5% to 14.9%. One lending relationship can cover early-stage purchases through to major fleet investment. Full financial review is standard.
Best next step: Explore asset finance from £1,000 to £25 million
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Exceptionally wide range: £1,000 to £25,000,000
- Annual interest from 8.5% to 14.9%
- Can grow with your construction business
Need to know
- Full financial and security review required
- Bank timelines are longer than alternative lenders
- Personal guarantee may be requested
Expert take
A mainstream bank whose real strength for construction is range. You can start small and scale the facility as project values and equipment needs rise, all within one lending relationship.
Rivers Leasing
Published loan range£5,000 to £100,000
Rate typeinterest 4% to 11.5% monthly
Overview: A mid-range excavator or telehandler purchase typically lands in the £5,000 to £100,000 bracket, which matches Rivers Leasing's core construction asset band. Monthly interest runs from 4% to 11.5%. Equipment valuation and affordability checks shape the final terms.
Best next step: Check rates on mid-range plant finance
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Monthly interest from 4% to 11.5%
- Well-suited to mid-range plant purchases
- Facilities from £5,000 to £100,000
Need to know
- Asset valuation is part of the process
- Monthly rate structure, not annual
- Trading history and affordability assessed
Expert take
A specialist asset funder focused on the mid-range equipment bracket. Smaller and medium construction firms buying individual items of plant will find the facility size a natural fit.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Construction businesses needing straightforward asset pricing with an annual rate can look to Aldermore, which funds equipment from £1,000 to £10,000,000 at 5% to 15% annually. Turnaround typically lands around 48 hours. Confirm product fit for your specific construction asset before proceeding.
Best next step: Confirm terms for construction equipment funding
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Broad range: £1,000 to £10,000,000
- Annual interest from 5% to 15%
- Funding turnaround around 48 hours
Need to know
- Product fit should be confirmed upfront
- Terms vary by asset and business profile
- Underwriting includes asset valuation
Expert take
A versatile asset finance provider with a facility range broad enough to serve sole traders and large construction firms alike. The annual rate structure keeps cost comparisons straightforward.
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: Few lenders understand construction plant lifecycles as deeply as Close Brothers. It serves established mid-market firms with facilities from £25,000 to £100,000,000 at bespoke rates from 3.5% monthly. A £500,000 turnover threshold applies.
Best next step: See if your construction business qualifies
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Deep construction sector experience
- Facilities up to £100,000,000 for major fleets
- Bespoke pricing from 3.5% monthly
Need to know
- Typically requires £500,000 plus turnover
- Geared towards established mid-market firms
- Minimum facility size is £25,000
Expert take
A long-standing asset funder with genuine construction sector expertise. Mid-market and larger contractors will find a lender that understands plant lifecycles, residual values and project-linked equipment demand.
Asset Finance Calculator
Hire purchase and leasing: what construction businesses should know
The two main structures for construction asset finance are hire purchase and leasing. With hire purchase, your business owns the asset after the final payment. This suits long-life construction kit like excavators, dozers and cranes that hold value over time.
Leasing keeps the asset off your balance sheet, with fixed monthly rentals and no ownership at the end. This can work well for equipment that needs regular replacement or upgrading, such as site vehicles and IT systems.
Tax treatment differs too. Under hire purchase, you can claim capital allowances on the asset. With an operating lease, rental payments are typically treated as a business expense. For construction firms managing project-based cash flow, some funders offer seasonal or stepped payment structures, so ask about flexibility when comparing options.
What construction equipment and machinery can be asset financed
Asset finance covers a wide range of equipment that UK construction businesses rely on. Heavy plant machinery is the most common category: excavators, bulldozers, wheeled loaders, dumpers, rollers, graders, and mobile cranes can all be funded through hire purchase or lease agreements.
Commercial vehicles are another major category. Tippers, concrete mixers, low loaders, flatbed trucks, and pickup fleets are regularly financed this way. Site equipment including generators, compressors, lighting towers, water pumps, and fuel bowsers also qualifies.
Beyond the obvious heavy kit, construction firms also finance scaffolding systems, site cabins and welfare units, surveying and laser equipment, and IT hardware. Most lenders on this list will consider both new and used assets, though loan-to-value ratios may differ for older machinery. The key is that the asset itself serves as security for the finance, which can make approval more straightforward than an unsecured loan.
Deposits, VAT and cash flow in construction asset finance
Most construction asset finance agreements require a deposit, typically ranging from 10% to 20% of the equipment value. This reduces the lender's exposure and can improve the rate you are offered. Aldermore Asset Finance can offer up to 100% loan-to-value in some cases, which may help firms wanting to preserve working capital.
VAT treatment is an important consideration. On a hire purchase agreement, you pay VAT on the full purchase price upfront, which can create a cash flow pinch. You then reclaim it through your VAT return. Leasing spreads VAT across each rental payment, which can feel smoother for cash flow. Construction businesses dealing with stage billing and retention payments should factor this timing into their decision.
Balloon payments are another option worth discussing with lenders. A balloon reduces your monthly outlay but leaves a final lump sum at the end of the term. This can suit construction firms that expect a large contract payment to align with the balloon date.
How to compare construction asset finance providers
Start by checking the loan range. Aldermore Asset Finance and Barclays both accept facilities from as little as £1,000, while Close Brothers starts at £25,000. Liberty Leasing covers £10,000 to £2,000,000, and Reward Funding handles £100,000 to £5,000,000. Match the lender to the size of kit you are buying.
Rates vary significantly. Reward Funding publishes rates from 0.99% to 3% per month. Lombard and Rivers Leasing both sit in the 4% to 11.5% per month range. Time Finance and Admiral Leasing quote annual rates from 5.5% to 13.5%. Always check whether a rate is monthly or annual before comparing.
Sector experience matters too. A lender familiar with construction will understand retention payments, CIS deductions, and project-based cash flow cycles. Ask about term flexibility, seasonal payment options, and how quickly decisions are made. A funder who gets the sector will structure a facility that fits how your business actually operates.
