Top Asset Finance Lenders for IT support Companies in the UK

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 2025-10-06.

1. Funding Agent

Funding Agent Funding Agent is a leading finance company providing asset finance solutions with tailored rates to support IT support companies and other SMEs in the UK. It suits UK SMEs seeking clear options and predictable terms. Here's what to know:

Loan Details

• Min Amount: £1,000
• Max Amount: £500,000
• Min APR: 6.9%
• Max APR: 8.9%
• Loan Duration: Unknown⌛

Services & Industries

• Finance Types: Asset Finance
• Industries: IT Support

Pros

• Tailored rates
• Wide range of finance options

Cons

• Limited branch network

Sources: https://www.fundingagent.co.uk/post/the-best-asset-finance-lenders-in-the-uk-for-2026

2. Lombard

Lombard Lombard offers finance for a range of sectors and assets, known for its significant experience in asset finance as part of the NatWest Group. It focuses on flexible funding options suited for various asset types and repayment preferences. Here's what to know:

Loan Details

• Min Amount: £10,000
• Max Amount: £0
• Min APR: 0%
• Max APR: 0%
• Loan Duration: Unknown⌛

Services & Industries

• Finance Types: Hire Purchase, Leasing
• Industries: Transport, Technology

Pros

• Established company
• Wide range of asset finance options

Cons

• Interest rates may vary

Sources: https://www.lombard.co.uk/insights/economics/interest-rates.html

3. Aldermore

Aldermore Aldermore is a bank specialising in business finance, including asset and invoice finance. It offers quick, flexible options suited for different sectors and business sizes. Here's what to know:

Loan Details

• Min Amount: £25,000
• Max Amount: £10,000,000
• Min APR: 0%
• Max APR: 0%
• Loan Duration: Up to 6 years⌛

Services & Industries

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

Pros

• Flexible terms
• Wide availability

Cons

• Limited physical branches

Sources: https://www.aldermore.co.uk/business-finance/

4. Propel Finance

Propel Finance Propel Finance is a fast-growing UK asset finance provider offering funding for essential business equipment and assets. It caters to SMEs needing flexible and quick solutions for asset acquisition. Here's what to know:

Loan Details

• Min Amount: £500
• Max Amount: £0
• Min APR: 0%
• Max APR: 0%
• Loan Duration: Variable⌛

Services & Industries

• Finance Types: Equipment Finance, Lease Finance
• Industries: Technology, Healthcare

Pros

• Supports SMEs extensively
• Broad range of finance

Cons

• Loan amounts not clearly capped

Sources: https://propelfinance.co.uk/home

5. Simply Asset Finance

Simply Asset Finance This provider delivers flexible asset finance options suited for different sectors. It helps UK small businesses acquire equipment with manageable financing terms. It is suitable for companies wanting simplicity and quick access to funding. Here's what to know:

Loan Details

• Min Amount: £0
• Max Amount: £1,750,000,000
• Min APR: 6.87%
• Max APR: 15.04%
• Loan Duration: Varied⌛

Services & Industries

• Finance Types: Asset Finance, Hire Purchase
• Industries: Transport, Construction

Pros

• Flexible finance options
• Strong SME focus

Cons

• Higher APR range

Sources: https://simply.finance/

6. Investec

Investec Investec offers a range of financial solutions including asset finance suitable for UK businesses. It supports clients seeking flexible terms for working capital, equipment, or project finance through brokered or direct channels. Here's what to know:

Loan Details

• Min Amount: £0
• Max Amount: £25,000
• Min APR: 25.5%
• Max APR: 25.5%
• Loan Duration: Variable⌛

Services & Industries

• Finance Types: Asset Finance, Structured Finance
• Industries: Corporate, Healthcare

Pros

• Diverse financial services
• Global presence

Cons

• High representative APR

Sources: https://www.investec.co.uk/assetfinance

7. HSBC

HSBC HSBC offers a range of business finance products including flexible loans for various industries. Its offerings suit companies requiring short-term or long-term funding backed by collateral or cash flow. Here's what to know:

Loan Details

• Min Amount: £1,000
• Max Amount: £5,000,000,000
• Min APR: 5.8%
• Max APR: 5.8%
• Loan Duration: 1 to 10 years⌛

Services & Industries

• Finance Types: Business Loans, Green Loans
• Industries: Retail, Manufacturing

Pros

• Global reach
• Stable financial products

Cons

• Lengthy application processes

Sources: https://www.hsbc.co.uk/loans/

8. Portman Finance

Portman Finance Portman Finance supplies business loans and asset finance tailored for UK SMEs. It supports clients looking for flexible funding options and quick approval processes. Here's what to know:

Loan Details

• Min Amount: £10,000
• Max Amount: £2,000,000
• Min APR: 4.4%
• Max APR: 0%
• Loan Duration: Up to 6 years⌛

Services & Industries

• Finance Types: Asset Finance, Business Loans
• Industries: Healthcare, Transport

Pros

• Competitive rates
• SME-focused

Cons

• Limited APR transparency

Sources: https://portmanfinancegroup.co.uk/

9. Paragon Bank

Paragon Bank Paragon Bank offers specialised business finance, mainly in asset finance, with options designed for SMEs needing quick and straightforward funding. Its services support various collateral-backed loans with flexible terms. Here's what to know:

Loan Details

• Min Amount: £0
• Max Amount: £0
• Min APR: 0%
• Max APR: 0%
• Loan Duration: Variable⌛

Services & Industries

• Finance Types: Structured Lending, Asset Finance
• Industries: Finance, Real Estate

Pros

• Specialized banking services
• Established reputation

Cons

• Limited public APR information

Sources: https://www.paragonbank.co.uk/

10. Rosewood Finance

Rosewood Finance Rosewood Finance provides cost-effective commercial loans and asset finance to a variety of sectors. It focuses on offering flexible and quick funding options to UK SMEs seeking growth capital or working capital. Here's what to know:

Loan Details

• Min Amount: £50,000
• Max Amount: £15,000,000
• Min APR: 4%
• Max APR: 0%
• Loan Duration: Unknown⌛

Services & Industries

• Finance Types: Asset Finance, Commercial Loans
• Industries: Retail, Manufacturing

Pros

• High Trustpilot rating
• Wide lender outreach

Cons

• High minimum loan amount

Sources: https://rosewoodfinance.co.uk/

How to choose

Match loan size and APR to your budget, check eligibility, and balance speed against flexibility. Consider how repayments fit your franchise cash flow and seasonality. Review lender criteria, fees, and early repayment terms before applying. For IT support companies seeking funding, understand whether a bank or broker provides best access and flexibility. Larger amounts and specialised equipment may benefit from direct bank relationships. Brokers can help compare offers quickly for different asset types and repayment structures. Tailor your choice to your business needs and repayment capacity.

Conclusion

Matching the right provider depends on your funding purpose and business size. Banks often offer direct, straightforward loans suited for established assets or property buy and refinance. Brokers and specialist lenders may provide quicker access, flexible terms, or sector-specific options. Funding Agent is a strong choice for SMEs that want quick comparisons across multiple options. Other providers suit larger amounts, asset-backed needs, or sector specialisms. Always confirm current costs and terms with the lender; pricing may change.