Asset Finance for UK Businesses
Summary: Asset finance helps UK limited companies and SMEs fund vehicles, machinery, IT and other equipment without large upfront capital. Fast Business Loans connects businesses seeking finance of £10,000 and above with specialist lenders and brokers to find suitable options quickly. Complete a short enquiry and we’ll match your business to the right providers for a free, no‑obligation eligibility check. Get Your Free Eligibility Check
Our Business Finance Matching Process
Step 1
Complete Your Details
It takes just 1 minute on average to complete your business and contact details.
Step 2
We Match Your Business
With the best business finance broker or lender most suitable for your needs.
Step 3
You Get Free Quote + Advice
You receive a free quote along with complimentary expert financial advice.
It’s fast and free to get a quote from one of the UK’s leading finance brokers / lenders who will contact you directly with your quote/s.
Why businesses choose asset finance with Fast Business Loans
- No fees, no obligation to use our introduction service
- Match with specialist lenders and brokers who understand your sector
- Get quotes in hours — not weeks — for finance from £10,000 upwards
Start Your Free Eligibility Check
Our Business Finance Matching Process
Step 1
Complete Your Details
It takes just 1 minute on average to complete your business and contact details.
Step 2
We Match Your Business
With the best business finance broker or lender most suitable for your needs.
Step 3
You Get Free Quote + Advice
You receive a free quote along with complimentary expert financial advice.
It’s fast and free to get a quote from one of the UK’s leading finance brokers / lenders who will contact you directly with your quote/s.
Disclaimer: Fast Business Loans is not a lender and does not provide financial advice. We introduce UK businesses to brokers and lenders who may be able to help. Lenders or brokers you are connected to will set out full terms, fees and risks. Consider seeking independent financial advice.
Complete Our 1-Minute Enquiry Form Now – Get a No-Obligation Quote
What Is Asset Finance?
Asset finance is a way for companies to acquire or refinance business assets — such as vehicles, machinery, IT, catering equipment or renewable energy installations — without paying the full purchase price up front. Instead, finance is structured so the cost is spread across regular repayments, and the asset itself is often used as security for the agreement.
Common forms include hire purchase, finance leases, operating leases and asset refinance. Fast Business Loans does not provide the finance directly — we introduce you to specialist brokers and lenders who can assess your needs and propose appropriate solutions.
Complete Our 1-Minute Enquiry Form Now – Get a No-Obligation Quote
How Asset Finance Works for Your Business
Here’s a simple lifecycle of an asset finance transaction when you start with Fast Business Loans:
- Identify the asset or funding need (new vehicle, plant upgrade, refinancing).
- Complete our short enquiry — it takes around 2 minutes to tell us the basics.
- We match your business to the most suitable lenders or brokers on our panel.
- A broker or lender contacts you to review quotes, structure and terms.
- Agree terms, sign documentation and receive funds or take delivery of the asset.
- Repay according to the agreed schedule; the lender will set out full obligations.
Important: your enquiry is not an application and does not affect your credit file. Final approvals and credit checks are performed by the lender you choose to proceed with.
Complete Our 1-Minute Enquiry Form Now – Get a No-Obligation Quote
Types of Asset Finance Solutions We Can Introduce
Hire Purchase (HP)
Ideal when you want eventual ownership. You pay a deposit (often 0–30%) then fixed monthly payments until you own the asset.
- Benefits: ownership at the end of the term; straightforward structure.
- Suitable for: vehicles, machinery, production equipment.
Finance Lease
Lender owns the asset during the term and you take on most of the economic risk. At term end you may pay a residual or return the asset depending on the agreement.
- Benefits: may have lower initial cash outlay than HP.
- Suitable for: high-value machinery and specialist plant.
Operating Lease
Essentially a rental agreement — you use the asset for a period and return it. Often used for technology or vehicles with high obsolescence risk.
Our Business Finance Matching Process
Step 1
Complete Your Details
It takes just 1 minute on average to complete your business and contact details.
Step 2
We Match Your Business
With the best business finance broker or lender most suitable for your needs.
Step 3
You Get Free Quote + Advice
You receive a free quote along with complimentary expert financial advice.
It’s fast and free to get a quote from one of the UK’s leading finance brokers / lenders who will contact you directly with your quote/s.
Complete Our 1-Minute Enquiry Form Now – Get a No-Obligation Quote
Our Business Finance Matching Process
Step 1
Complete Your Details
It takes just 1 minute on average to complete your business and contact details.
Step 2
We Match Your Business
With the best business finance broker or lender most suitable for your needs.
Step 3
You Get Free Quote + Advice
You receive a free quote along with complimentary expert financial advice.
It’s fast and free to get a quote from one of the UK’s leading finance brokers / lenders who will contact you directly with your quote/s.
- Benefits: off-balance-sheet options for some businesses; predictable costs.
- Suitable for: IT equipment, short-life vehicles, fleets.
Asset Refinance (Refinancing)
Raise cash by refinancing existing owned assets — freeing working capital while keeping the asset in use.
- Benefits: improves liquidity; possible tax advantages depending on structure.
- Suitable for: established businesses seeking working capital against owned assets.
Vehicle & Equipment Finance
Specialist lenders offer tailored packages for vans, HGVs, plant, catering and medical equipment.
- Benefits: sector-specific expertise, flexible terms.
- Suitable for: transport, construction, healthcare, hospitality.
Learn more about equipment and vehicle funding through our detailed guidance on asset finance.
Who Asset Finance Suits
Asset finance is commonly used by limited companies and growing SMEs across many sectors. Below is a quick sector-to-asset guide:
| Sector | Typical Assets |
|---|---|
| Construction | Excavators, dumpers, plant, tools |
| Logistics & Transport | Vans, HGVs, trailers, fleet upgrades |
| Healthcare | Medical equipment, diagnostic devices |
| Hospitality & Catering | Kitchen fit-outs, refrigeration, furniture |
| Manufacturing & Engineering | Production machinery, CNC, tooling |
If your company needs £10,000 or more to acquire or refinance assets, we can help connect you to lenders and brokers who specialise in your sector.
Why Choose Fast Business Loans for Asset Finance?
We are a specialist introducer focused on speed and relevance. Using our service helps you:
- Save time — one short form connects you to multiple suitable partners.
- Improve match quality — partners chosen for sector experience and product fit.
- Remain in control — you receive quotes and choose whether to proceed.
- Protect your credit file — initial enquiries don’t affect credit scores.
We only share your details with partners relevant to your enquiry and who have a track record of working with UK businesses. Our service is free and there’s no obligation to accept any quote.
Eligibility Snapshot & Requirements
Although final criteria are set by lenders, typical requirements include:
- Company trading history (often 6–12 months minimum for many lenders)
- Minimum finance request usually from £10,000 upwards
- Evidence of turnover and management accounts
- Details of the asset (quote/invoice, age, make/model)
- Director ID and personal guarantee requirements (varies)
Different products and lenders suit different credit profiles. Use our free enquiry to find partners likely to accept your circumstances — there’s no initial impact on your business credit rating.
What to Prepare Before You Apply
Having the right documents speeds up quotes and decisions. Prepare:
- Basic company details (registration number, address)
- Recent management accounts and VAT returns (if applicable)
- Asset quote or seller invoice
- Details of existing finance on the asset (if refinancing)
- Director(s) ID and proof of address
- Bank statements (last 3 months)
With these to hand you can move from enquiry to an indicative offer much faster.
Asset Finance Costs & Considerations
Typical cost components include:
- Interest rates or lease rentals
- Deposit or initial rental (product dependent)
- Arrangement or documentation fees (some lenders charge these)
- Optional balloon or residual payment at term-end
Other considerations:
- Tax treatment varies depending on product — speak to your accountant.
- Insurance and maintenance obligations are often required by lenders.
- Early settlement may involve charges — check terms before signing.
- Defaulting can lead to asset repossession and affect credit records.
We recommend reviewing any offer thoroughly and seeking independent advice where needed.
How We Connect You to Asset Finance Specialists
Our straightforward four‑step matching process:
- Quick enquiry — you provide essential business and asset details.
- Smart matching — we select lenders and brokers on our panel best suited to your industry and finance needs.
- Introductions — selected partners contact you with tailored options and indicative pricing.
- Decision & support — compare offers, choose a partner and move to completion directly.
We aim to get an initial response within hours for most enquiries during business hours.
Customer Success Snapshots
Construction firm — Plant hire purchase
Midlands-based contractor upgraded diggers and rollers. Finance arranged: £120,000 HP. Turnaround: 5 working days from enquiry to offer. Impact: increased project capacity and improved cashflow.
Independent restaurant — Kitchen equipment lease
London restaurant financed new ovens and refrigeration: £45,000 operating lease with low initial rental. Turnaround: 72 hours to an indicative quote. Impact: expanded services and improved throughput.
Logistics operator — Fleet refinance
Regional haulier raised cash by refinancing existing trucks: £250,000. Result: consolidated borrowing and funded depot upgrade; partner broker completed in two weeks.
Asset Finance FAQs
What counts as an asset for finance?
Plant, machinery, commercial vehicles, IT systems, catering equipment and renewable installations are commonly accepted. Intangible items such as goodwill are usually not eligible.
Do I need a perfect credit history?
Not necessarily. Different lenders and brokers serve different credit profiles. Our matching process helps connect you to partners experienced with varied circumstances. Final decisions rest with the lender or broker you choose.
How quickly can asset finance be arranged?
Timescales vary. Some simple deals achieve indicative quotes within hours and completion in days; complex or high‑value transactions may take several weeks. Providing accurate documentation speeds up the process.
Will an enquiry affect my credit score?
No — submitting an enquiry through Fast Business Loans is not a credit application and does not affect your business credit file. Lenders may perform checks only once you progress with an application.
Is a deposit or balloon payment required?
It depends on the product. Hire purchase and some leases may require a deposit; some finance leases and HP agreements include a residual or balloon payment at the end. Your broker or lender will clarify options.
What happens if the financed asset is damaged or obsolete?
Most lenders require insurance and expect maintenance. If the asset is damaged, contact your lender immediately — obligations and remedies will be set out in the contract. For obsolescence, operating leases or short-term finance may reduce risk.
Start Your Free Asset Finance Search Today
Ready to find the right funding for your business assets? Complete our short enquiry and we’ll match you to lenders and brokers who specialise in your sector and needs. It’s free, quick and there’s no obligation.
Data privacy reassurance: we only share your details with carefully selected finance partners relevant to your enquiry.
– What is asset finance and how does it work?
Asset finance lets UK businesses acquire or refinance vehicles, machinery, IT and other equipment by spreading the cost over repayments, often using the asset as security.
– Are you a lender and will you give me financial advice?
No—Fast Business Loans is not a lender and does not provide financial advice; we introduce you to trusted UK lenders and brokers who handle quotes, terms and approvals.
– What types of assets can I finance or refinance?
Commonly funded assets include commercial vehicles, plant and machinery, IT and telecoms, catering equipment and renewable energy installations (not intangibles like goodwill).
– What asset finance options can you introduce?
We can connect you with providers for hire purchase, finance leases, operating leases, asset refinance, and specialist vehicle and equipment finance.
– What is the minimum amount and who’s eligible?
Most enquiries start from £10,000 and lenders typically look for 6–12 months’ trading plus basic financials, though criteria vary by provider and sector.
– How quickly can I get quotes and funding?
You can often receive indicative quotes within hours and complete simple deals in days, with complex or high-value cases taking longer.
– Will submitting an enquiry affect my credit score?
No—our enquiry is not a credit application and won’t affect your credit score; checks are only done by a lender if you choose to proceed.
– Do you charge any fees or is there any obligation?
Our matching service is free and there’s no obligation to proceed with any quote you receive.
– What documents do I need to provide?
Have company details, recent management accounts and bank statements, an asset quote/invoice, director ID and any existing finance details ready to speed up quotes.
– Will I own the asset at the end, and are deposits or balloon payments required?
With hire purchase you typically own the asset at term end, while leases may require return or a residual payment, and deposits or balloons depend on the product and lender.