Top Asset Refinance Providers UK 2026 – Unlock Capital From Your Existing Assets
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Top 10 Asset Refinance Providers Compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | PlayterBoost | Mid-to-large businesses refinancing assets worth £30,000 to £50,000 | £30,000 to £50,000 | interest 2.5% to 4% |
| 2 | Finance for enterprise | Businesses seeking flexible asset refinance from £1,000 to £2 million | £1,000 to £2,000,000 | interest 6.5% to 13.5% |
| 3 | Liberty Leasing | Fast asset refinance for mid-value machinery and equipment | £10,000 to £2,000,000 | interest 11% to 16% |
| 4 | Lombard | Established businesses refinancing high-value assets up to £5 million | Up to £5,000,000 | interest 4% to 11.5% |
| 5 | Reward Funding | Larger businesses seeking low-rate refinance on assets over £100,000 | £100,000 to £5,000,000 | interest 0.99% to 3% |
| 6 | Time Finance | Flexible asset refinance for businesses needing up to £5 million | Up to £5,000,000 | interest 5.5% to 13.5% |
| 7 | Metro Bank | Businesses wanting a bank-backed refinance route for existing assets | £2,000 to £25,000,000 | interest 9.6% to 9.6% |
| 8 | NatWest Bank | Well-established firms refinancing assets with strong turnover backing | £500 to £10,000,000 | interest 4.5% to 10.5% |
| 9 | Nationwide Finance | Younger businesses refinancing assets to release working capital quickly | £10,000 to £500,000 | interest 4.5% to 11% |
| 10 | Aldermore Asset finance | Businesses of all sizes refinancing assets from £1,000 to £10 million | £1,000 to £10,000,000 | interest 5% to 15% |
Asset refinance allows UK businesses to unlock capital tied up in machinery, vehicles, and equipment they already own. Rather than taking out a standard loan, you use existing assets as security to release working capital while retaining full use of them. It is a practical funding route for businesses that need to improve cash flow without selling essential equipment or taking on unsecured debt.
Choosing the right asset refinance provider matters because rates, loan-to-value ratios, and eligibility criteria vary widely across the UK market. Some lenders specialise in heavy machinery, others in commercial vehicles or manufacturing equipment. Comparing providers helps you find a deal that matches your asset type, business circumstances, and the amount of capital you want to release.
Asset refinance vs asset finance: Asset refinance is not the same as standard asset finance. Asset finance typically funds the purchase of new equipment, while asset refinance lets you borrow against assets you already own outright. You must have clear title to the assets and they must hold sufficient resale value for a lender to consider them viable security.
Funding Agent
Published loan rangeFrom £10,000 to up to £1,000,000
Rate typeInterest or factor rate
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.
PlayterBoost
Published loan range£30,000 to £50,000
Rate typeinterest 2.5% to 4%
Overview: PlayterBoost provides asset finance that can help UK businesses unlock capital tied up in existing machinery, vehicles, or equipment. The facility is structured to support working capital needs alongside broader funding requirements.
Funding decisions can move quickly, with turnaround in as little as 24 hours. This provider works well for businesses that have revenue visibility and want repayments linked to trading performance rather than fixed monthly schedules.
Best next step: Compare asset refinance terms through Funding Agent.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Unlocks cash from owned business assets
- Fast funding decisions within 24 hours
- Flexible repayments tied to revenue
Need to know
- May require strong trading history to qualify
- Personal guarantee could be requested
- Best suited to revenue-generating businesses
Expert take
PlayterBoost suits established SMEs that already own valuable assets and need to release working capital. The revenue-linked repayment model helps businesses where cash flow fluctuates, but expect affordability checks and possible security requirements.
Source:https://www.playter.co/
Finance for enterprise
Published loan range£1,000 to £2,000,000
Rate typeinterest 6.5% to 13.5%
Overview: Finance for enterprise offers asset finance facilities from £1,000 to £2,000,000, making it a flexible choice for UK businesses looking to refinance existing equipment, vehicles, or machinery. The wide lending range suits both small and mid-sized asset portfolios.
With funding typically available within three days, businesses can unlock capital without long waits. The provider also offers asset-based lending and invoice finance, which can complement an asset refinance arrangement for broader working capital support.
Best next step: Explore asset refinance options with Funding Agent.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Wide lending range from £1,000 to £2 million
- Funding available within three working days
- Complements other working capital facilities
Need to know
- Asset valuation may be required before approval
- Suited to businesses with owned equipment or vehicles
- Costs vary depending on asset type and age
Expert take
Finance for enterprise works well for businesses wanting to refinance assets within a wider funding strategy. Combining asset finance with invoice finance under one roof simplifies cash flow management for growing UK companies.
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16%
Overview: Liberty Leasing focuses specifically on asset finance for UK businesses looking to refinance existing equipment, vehicles, or machinery. Loans range from £10,000 to £2,000,000, covering a broad spectrum of asset values across different industries.
The provider can deliver funding within 24 hours in some cases, which makes it a practical option when working capital is needed quickly. As a dedicated asset finance provider, the process is built around the value of owned assets rather than broader business lending criteria.
Best next step: See if your assets qualify for refinancing.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Specialist asset finance provider
- Funding possible within 24 hours
- Covers assets from £10,000 to £2 million
Need to know
- Asset valuations and eligibility checks apply
- Deposits may be needed in some cases
- Rates reflect asset type and condition
Expert take
Liberty Leasing's underwriting is built around asset value and condition rather than broad business metrics. This suits companies with well-maintained machinery or vehicles looking to release equity without switching to a general business loan.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5%
Overview: Lombard is a well-established asset finance provider offering refinance facilities up to £5,000,000 for UK businesses. It suits companies with significant asset portfolios, including heavy machinery, commercial vehicles, or large equipment fleets.
With rates starting from 4%, Lombard can be a cost-effective route to unlock capital from existing assets. Funding decisions can be made within 24 hours, and the provider's long track record in asset finance brings certainty to the refinancing process.
Best next step: Compare Lombard's asset refinance rates.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Refinance up to £5 million from assets
- Competitive rates starting at 4%
- Established provider with deep asset expertise
Need to know
- Best suited to larger, high-value asset portfolios
- Asset valuation and eligibility checks required
- Deposits may apply depending on asset type
Expert take
Lombard is among the UK's most recognised asset finance names, with a refinance offering particularly suited to larger businesses. Competitive rates and high lending caps make it a sensible benchmark for comparing asset refinance providers.
Source:https://www.lombard.co.uk/
Reward Funding
Published loan range£100,000 to £5,000,000
Rate typeinterest 0.99% to 3%
Overview: Reward Funding provides asset finance facilities from £100,000 to £5,000,000, with rates starting as low as 0.99%. This makes it a compelling option for UK businesses that want to refinance substantial assets while keeping borrowing costs low.
The provider can turn around funding within 24 hours and offers secured and revolving credit facilities alongside asset finance. Businesses with well-maintained, high-value assets may find this a cost-effective route to releasing working capital.
Best next step: Check Reward Funding's low refinance rates.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Market-leading rates starting at 0.99%
- High lending cap up to £5 million
- Fast funding decisions within 24 hours
Need to know
- Minimum facility size of £100,000 applies
- Secured lending requires suitable asset security
- Legal and valuation costs may be involved
Expert take
Reward Funding stands out for exceptionally low headline rates, worth exploring for businesses with strong asset portfolios. The £100,000 minimum means it suits mid-sized and larger refinance needs rather than small single-asset deals.
Source:https://rewardfunding.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5%
Overview: Time Finance offers asset refinance facilities up to £5,000,000, enabling UK businesses to release capital tied up in existing equipment, vehicles, or machinery. The provider also offers invoice finance, which can work alongside asset refinance for broader working capital support.
Funding decisions can be made within 24 hours, and the flexible drawdown structure suits businesses with seasonal or repeat working capital needs. Rates start from 5.5%, making it a mid-market option for asset-backed borrowing.
Best next step: See combined asset and invoice finance options.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Refinance up to £5 million from assets
- Funding decisions within 24 hours
- Works alongside invoice finance facilities
Need to know
- Asset eligibility and valuation checks apply
- Suitability depends on asset type and condition
- Deposits may be required in some cases
Expert take
Time Finance works best for businesses that want asset refinance alongside invoice finance under a single relationship. The combination can unlock significant working capital for B2B companies with both owned assets and outstanding customer invoices.
Source:https://www.timefinance.com/
Metro Bank
Published loan range£2,000 to £25,000,000
Rate typeinterest 9.6% to 9.6%
Overview: Metro Bank provides asset finance as part of a broad business banking suite, with refinance facilities ranging from £2,000 to £25,000,000. This high-street option suits UK businesses that prefer working with an established bank for their asset refinance needs.
The bank offers secured lending, term loans, and revolving credit alongside asset finance, which can support a wider refinancing and working capital strategy. Rates sit around 9.6%, reflecting standard bank pricing for asset-backed facilities.
Best next step: Explore Metro Bank's asset refinance terms.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Large lending cap up to £25 million
- Full-service business banking relationship
- Multiple funding products under one roof
Need to know
- Bank underwriting can be slower and stricter
- Strong trading history typically required
- Personal guarantee may be needed
Expert take
Metro Bank suits established businesses wanting asset refinance within a traditional banking relationship. The high lending cap and product range are strengths, but expect more rigorous underwriting than specialist asset finance providers.
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%
Overview: NatWest offers asset finance facilities from £500 to £10,000,000, making it one of the most accessible high-street options for UK businesses wanting to refinance existing assets. The wide range suits everything from single-vehicle refinance to large fleet or machinery portfolios.
Rates range from 4.5% to 10.5%, and the bank's asset-based lending and revolving credit facilities can complement a refinance arrangement. As a major UK bank, NatWest brings stability and a broad product set to asset-backed borrowing.
Best next step: Compare NatWest's asset refinance rates.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Wide lending range from £500 to £10 million
- Competitive rates starting at 4.5%
- Full-service bank with complementary facilities
Need to know
- Bank underwriting may be slower than specialists
- Trading history and affordability checks apply
- Revolving facilities can be reviewed or withdrawn
Expert take
The low entry point of £500 makes NatWest's asset refinance accessible for smaller businesses, while the £10 million cap covers larger needs. The trade-off is bank-style underwriting, which takes longer than alternative lenders.
Source:https://www.natwest.com/business/loans-and-finance.html
Nationwide Finance
Published loan range£10,000 to £500,000
Rate typeinterest 4.5% to 11%
Overview: Nationwide Finance provides asset refinance facilities from £10,000 to £500,000, positioning it well for UK businesses with mid-value assets such as plant machinery, commercial vehicles, or manufacturing equipment. Rates range from 4.5% to 11%.
The provider also offers invoice finance and secured lending, which can complement an asset refinance arrangement for businesses that need broader working capital support. Funding decisions are typically made within 24 hours.
Best next step: Check asset refinance eligibility with Funding Agent.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Refinance assets from £10,000 to £500,000
- Competitive rates starting at 4.5%
- Complements invoice finance and secured lending
Need to know
- Asset valuation and security checks required
- Suitability depends on asset quality and type
- Deposits may apply for certain asset classes
Expert take
Nationwide Finance occupies a useful middle ground in the asset refinance market. Its £10,000 minimum is accessible for smaller businesses, while the £500,000 cap covers most mid-market refinance requirements without pushing into large corporate territory.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15%
Overview: Aldermore Asset Finance offers refinance facilities from £1,000 to £10,000,000, giving UK businesses one of the widest lending ranges in the market. This flexibility makes it suitable for everything from single-asset refinance to large portfolio restructuring.
With rates from 5% to 15% and funding typically within 48 hours, Aldermore can accommodate a broad range of asset types and business profiles. The provider's focus on asset finance means underwriting is built around asset value and condition.
Best next step: Explore Aldermore's asset refinance options.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Wide range from £1,000 to £10 million
- Covers diverse asset types and industries
- Asset-focused underwriting approach
Need to know
- Funding typically takes around 48 hours
- Rates vary based on asset type and risk
- Valuation and eligibility checks are standard
Expert take
Aldermore's wide lending range makes it a versatile asset refinance provider. Whether refinancing a single piece of equipment or a large portfolio, its asset-led underwriting keeps the focus on what your assets are worth.
Source:https://www.aldermore.co.uk/business/business-finance/asset-finance/
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The key benefits of asset refinance for UK businesses
Asset refinance offers several distinct advantages for UK businesses that already own machinery, vehicles, or equipment outright.
The primary benefit is access to working capital without selling productive assets. You continue using your equipment exactly as before while the lender takes security over it. This keeps operations running smoothly while freeing up cash tied up in asset value.
Asset refinance can also offer more competitive rates than unsecured business loans because the lender's risk is reduced by the security of a tangible asset. For businesses with strong asset value but a modest trading history, this can open doors that might otherwise remain closed.
There may also be a tax advantage. Finance payments are often tax-deductible as a business expense, though you should confirm this with your accountant. Releasing equity from assets rather than taking on new shareholders means you retain full control of your business.
How asset refinance differs from traditional asset finance
Traditional asset finance helps you acquire new assets. Asset refinance helps you release value from assets you already own. This is the fundamental difference, and it changes who each product suits and how lenders assess your application.
With hire purchase or leasing, the lender pays the supplier for a new asset. You then repay the cost plus interest over time. Ownership depends on the agreement type. With asset refinance, the asset is already yours. The lender provides a cash lump sum secured against it, and you repay that sum in instalments.
Lenders assess refinance applications differently. They focus more on the condition, age, and resale value of your existing assets than on your future growth plans. This can make refinance accessible even if you are not currently investing in new equipment. It also means asset refinance providers often specialise in certain asset classes, so matching the right provider to your equipment type matters.
How much capital you can release by refinancing existing assets
The amount you can raise through asset refinance depends on your asset type, its current market value, and its condition. Lenders typically advance a percentage of the forced sale value rather than the replacement cost.
| Asset type | Typical advance rate | Typical age limit |
|---|---|---|
| Heavy plant and machinery | 60% to 80% | Up to 10 years |
| Commercial vehicles | 50% to 70% | Up to 7 years |
| Manufacturing equipment | 50% to 75% | Up to 10 years |
| Agricultural machinery | 50% to 70% | Up to 12 years |
To estimate what you might raise, list your owned assets, note their approximate market value, and apply a conservative advance rate. A professional valuation from a lender will give you the most accurate figure. Remember that any outstanding finance on an asset must be settled before refinance proceeds are released to you.
Choosing the right asset refinance provider based on your asset type
Not all asset refinance providers suit every business. Matching the lender to your circumstances can save time and improve your chances of approval.
First, check which asset types the provider specialises in. Some focus on commercial vehicles, others on manufacturing equipment or construction plant. A provider who understands your asset class is more likely to offer a fair valuation and terms that reflect the asset's true worth.
Compare the advance rate each provider offers against your asset type. A higher advance rate means more working capital released, but also larger repayments. Balance the upfront benefit against the ongoing cost.
Look at the repayment structure. Some providers offer fixed monthly payments, while others may accommodate seasonal or flexible terms. If your business has uneven cash flow, this flexibility can be valuable.
Finally, consider the application process. Providers with experience in your sector often move faster because they understand the asset class and can complete valuations without delay. A smoother process means working capital reaches your business sooner.
FAQs
Asset refinancing allows your business to release capital from assets you already own outright or have significant equity in. A lender will value the asset — whether it's machinery, vehicles, or equipment — and offer a cash lump sum based on that valuation, typically up to a percentage of its current market worth. You then repay the amount plus interest over an agreed term while retaining use of the asset. Once the finance is repaid, ownership remains fully with you. It is a popular way to raise working capital without selling essential business equipment.
To qualify for asset refinance, your business usually needs to own the assets outright or have substantial equity in them. Lenders will assess the type, age, and condition of the assets, as well as your company's trading history and credit profile. Most providers expect to see at least two years of filed accounts, though some specialist lenders may consider younger businesses. The assets themselves serve as security, so the lender's primary concern is whether they hold sufficient resale value to cover the loan if your business cannot repay.
Rates and terms vary significantly between providers and depend on factors such as the asset type, its age and condition, your business credit rating, and the amount being raised. Terms typically range from one to seven years, with repayments structured monthly or quarterly to align with your cash flow. Because the loan is secured against physical assets, interest rates are often more competitive than unsecured business lending. You should always request a personalised quote, as published headline rates may not reflect what your business would actually be offered.
Both asset refinance and secured business loans use collateral to reduce lender risk, but they differ in key ways. Asset refinance specifically unlocks capital from equipment, vehicles, or machinery you already own, whereas a secured business loan can be backed by a wider range of assets, including property or personal guarantees. Asset refinance is typically quicker to arrange because the asset valuation process is straightforward. A secured business loan may offer higher borrowing limits if property is used as collateral, but the application process can be more involved and take longer to complete.
When choosing an asset refinance provider, look beyond the headline interest rate. Consider the lender's experience with your industry and asset type, the speed of their approval and payout process, and whether they offer flexible repayment structures. Check if early settlement is permitted without excessive penalties. Read independent reviews and customer feedback to gauge reliability and transparency. It is also worth checking whether the provider is FCA authorised, and whether they use their own funds or act as a broker — both models can work well, but understanding the distinction helps you make an informed choice.
A wide range of tangible business assets can typically be refinanced. Common examples include heavy plant machinery, commercial vehicles, agricultural equipment, manufacturing production lines, printing presses, engineering tools, IT hardware, and even specialist medical or catering equipment. The key requirement is that the asset must have a clearly identifiable resale value and be owned outright or near-outright by your business. Soft assets like software licences or intellectual property are generally not accepted, and assets nearing the end of their useful life may also be declined by most lenders.
