Asset Finance for UK Businesses — Get Matched Fast

Summary: Asset finance helps UK companies fund vehicles, plant, machinery, IT and other essential equipment without paying the full cost upfront. Fast Business Loans does not lend money — we connect limited companies and growing businesses (deals from £10,000+) with lenders and brokers who specialise in asset funding. Submit a short, no-obligation enquiry for a Free Eligibility Check and we’ll match you with the best providers fast: Free Eligibility Check.

What is asset finance and when does it help?

Asset finance is a way to acquire or refinance business equipment — from vans, trucks and plant to production machinery, medical devices and IT — by spreading the cost over a fixed term. Instead of tying up capital, you convert an asset purchase into predictable monthly payments so your business can keep cash for operations and growth.

• Common uses: fleet upgrades, new production lines, specialist machinery, IT refresh, medical and hospitality equipment.
• Typical benefits: preserve working capital, accelerate investment, match repayments to useful life of asset.
• Deal size: our panel typically arranges deals of £10,000 and up.

Fast Business Loans acts as an introducer — not a lender or financial adviser — and helps match your business to lenders or brokers who specialise in the right asset funding solution for your circumstances.

Get Started Free Eligibility Check — it takes less than 2 minutes and does not affect your credit score.

Fast Business Loans — how we help

We simplify finding asset finance by matching your enquiry to lenders and brokers who understand your sector. Our quick process reduces time spent searching and increases your chance of a suitable offer.

1. Complete a short enquiry (sub‑2 minutes).
2. We match you with selected panel partners who can consider your asset needs.
3. A broker or lender contacts you to discuss options and provide quotes.
4. You compare offers and proceed with whichever arrangement suits your business — no obligation.

All introductions are free for businesses. To begin, use our quick form: Free Eligibility Check.

Types of asset finance we can help you explore

Hire Purchase (HP)

Hire Purchase spreads the purchase cost over fixed payments. Ownership typically transfers after the final payment. Good for businesses that want to own the asset at the end of the term.

• Benefits: predictable payments, eventual ownership, often simple structure.
• Considerations: asset is used as security; early settlement costs may apply.

Finance Lease

Finance leases let you use an asset for most of its economic life while the lender retains ownership. At term end there are options such as purchase, return or renewal.

• Benefits: lower initial outlay, flexible end-of-term options.
• Considerations: maintenance and insurance responsibilities vary by agreement.

Operating Lease / Contract Hire

Operating leases are like rentals — you return the asset at the end or renew the lease. These are common for fleets where businesses prefer not to own the vehicles.

Asset Refinance

Asset refinance unlocks capital tied up in existing equipment. It can be used to improve cash flow or fund growth.

Vehicle & Fleet Finance

Specialist lenders and brokers handle vans, HGVs and fleets with tailored structures: HP, lease purchase, or contract hire.

For more detail on the kinds of equipment and funding structure that suit different scenarios, read our dedicated asset finance guide on asset finance.

Get Quote Now for a quick match to equipment finance specialists.

Asset finance eligibility & documents checklist

Typical eligibility factors

• Business type: limited companies and incorporated businesses (we do not handle sole trader enquiries).
• Trading history and turnover — many lenders prefer at least 12 months trading, but options exist for newer businesses via specialist partners.
• Credit profile — adverse credit is considered by some lenders; outcomes depend on the overall case.
• Asset type, condition and value (new vs second‑hand).

Documents brokers and lenders commonly request

• Latest company accounts or management accounts.
• Bank statements (typically 3–6 months).
• Asset supplier quotes or invoices.
• ID for directors and proof of address.

Submitting our enquiry is not an application and will not affect your credit score. Lenders or brokers may perform credit checks only if you choose to proceed with an offer.

Start Your Asset Finance Enquiry — it takes less than 2 minutes.

Costs, rates and risk considerations

Costs vary by asset type, age, term, deposit/residual and borrower risk. Key points to consider:

• Interest vs fee: asset deals may feature interest, arrangement fees, and sometimes balloon/residual payments.
• Fixed vs variable rates: some offers are fixed for the term; others can move with market rates.
• Maintenance and insurance: who is responsible is set out in the contract — read terms carefully.
• End-of-term options: buy, return, refinance or replace depending on product.

Exact terms and quotes are provided by lenders or brokers once matched — we recommend comparing multiple offers before deciding.

How our asset finance matchmaking works

We focus on speed and relevance. Typical timeline:

1. Complete the short enquiry form — no credit impact. Free Eligibility Check.
2. We match your business to up to several specialist lenders or brokers on our panel.
3. A partner contacts you (often same business day) to discuss the asset, structure and documentation required.
4. You receive quotes and compare options; you decide which offer to take forward.
5. Once you accept an offer and return paperwork, funding and asset delivery proceed per the lender’s timetable.

Case example (anonymised): A Midlands manufacturer upgraded a CNC machine using hire purchase; after a Fast Business Loans enquiry they were contacted within hours and completed funding in under two weeks, keeping production downtime to a minimum.

Get Quote Now — quick matches to specialists who can help your purchase or refinance.

Industry-focused asset finance support

Our panel covers a wide range of sectors. Examples include:

• Construction & civil engineering — plant, diggers, mixers.
• Manufacturing & engineering — production lines and machining equipment.
• Transport & logistics — vans, HGVs and specialist vehicles.
• Healthcare — diagnostic machines, clinical equipment.
• Hospitality & leisure — kitchen equipment and fit-out assets.
• Agriculture — tractors and specialist implements.

Your enquiry helps us identify which partners have the sector expertise you need. Free Eligibility Check.

Asset finance vs other funding solutions

Asset finance is ideal when the funding is for identifiable equipment and you want to match payments to asset life. It is often more tax-efficient and preserves working capital compared with paying cash. However, for general working capital, invoice finance or unsecured business loans may be more suitable.

If you’re unsure, our matching process will connect you to partners who can explain options and even combine products where appropriate.

Trust, transparency & how we work

• Introducer status: Fast Business Loans connects businesses to lenders and brokers; we do not provide regulated financial advice nor do we lend directly.
• Free to businesses: our service is free for you; partners compensate us for introductions.
• Privacy: we handle your data securely and only share it with relevant partners who can support your enquiry.
• Responsible messaging: we aim to be clear and not misleading — consider affordability and ask questions before accepting any finance offer.

Questions? Contact our team or start a Free Eligibility Check now.

Asset finance FAQs

What assets can typically be funded?

Vehicles, plant & machinery, specialist production equipment, IT hardware, medical and catering equipment. Lenders vary in appetite for second‑hand items — include asset details in your enquiry.

Will submitting an enquiry affect our credit score?

No. Our initial match and eligibility check do not affect your credit score. Lenders may run credit checks only if you progress with an application.

How quickly will a lender contact me?

Many businesses receive contact within hours during business days. Exact timing depends on the partner’s workload and the complexity of the request.

What size deals can your panel arrange?

We typically help with deals from around £10,000 up to several million, depending on the asset and provider.

Can I finance second‑hand equipment?

Yes — some lenders specialise in used equipment. Provide accurate age, condition and valuation details in your enquiry.

How does Fast Business Loans get paid?

Our service is free to businesses. We receive remuneration from partners for valid introductions; this does not affect the cost you pay to lenders.

Still have questions? Speak to a specialist — Get Started Free Eligibility Check.

Ready to explore asset finance?

If you need vehicles, machinery or equipment and want a fast, no‑obligation way to compare finance options, start now. Complete a short enquiry and we’ll match you to lenders and brokers who understand your sector and asset needs.

Get Quote Now — Free Eligibility Check (takes under 2 minutes).