Why UK firms choose equipment finance now

Investing in the right equipment keeps you competitive — but paying cash upfront can drain working capital. Equipment finance preserves cashflow, spreads cost, and lets you upgrade technology without large one‑off capital expense. With inflation and supply chain pressures still affecting prices and lead times, many businesses are choosing finance to manage budgets and maintain productivity.

Quick facts: many lenders now specialise in renewable energy kit, EV fleets and refurbished machinery — meaning better terms for sector‑specific purchases. If you’re short on time, we can match you to the right specialist quickly.

Free Eligibility Check — takes moments and does not affect your credit score.

How Fast Business Loans makes funding simple

We’re the bridge between your business and lenders or brokers that can offer equipment finance. Fast Business Loans does not lend money; we introduce your enquiry to providers who can.

1. Complete a short enquiry: tell us about your business, the equipment and the amount (from £10,000+).
2. We match you: our system selects lenders/brokers who know your sector and asset type.
3. Receive offers: matched partners contact you to discuss quotes and terms.
4. Compare & decide: review the proposals and proceed directly with the provider you choose.

We value data privacy and handle your details only to arrange matches with our approved partners. The enquiry is a starting point — it is not an application or agreement to borrow.

Get Quote Now — free, no obligation, soft enquiry.

Equipment finance solutions explained

Different finance products suit different assets and business plans. Below are the most common options and when they’re used.

Hire Purchase (HP)

You pay an agreed deposit (if required) followed by fixed repayments. Ownership transfers after the final payment. Good for businesses that want eventual ownership and predictable costs.

Finance Lease

The lender owns the asset during the term and you pay rentals. At the end there may be a purchase option. Useful for high‑value machinery where you want off‑balance cost management.

Operating Lease

Shorter‑term rental where the asset is returned at the end of the term. Ideal for technology or equipment that becomes obsolete quickly — you upgrade more easily.

Refinance / Refinance of existing kit

Release cash tied up in existing equipment by refinancing it. This can reduce monthly costs or free working capital for growth.

Want deeper reading on specific structures? See our specialist equipment finance page on equipment finance for more detail: equipment finance.

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Industries and equipment we support

Our panel covers a wide range of sectors and asset types. We match you to lenders who have experience in your industry, which can improve acceptance rates and speed.

• Construction & plant: excavators, cranes, telehandlers, compressors.
• Manufacturing & engineering: CNC machines, presses, production lines.
• Hospitality & catering: commercial kitchens, refrigeration, bar kit.
• Healthcare & dental: imaging equipment, practice fit‑outs.
• Transport & logistics: vans, HGVs, fleet and EV charging infrastructure.
• IT & telecoms: servers, workstations, telecom systems.
• Sustainability upgrades: solar, heat pumps, EV chargers (growing lender appetite).

Check Eligibility for Your Sector

Eligibility snapshot — what lenders typically look for

While each lender has its own rules, common considerations include:

• Trading history and company structure (many lenders consider companies with a demonstrable trading record).
• Annual turnover relative to the requested finance amount.
• Type, age and value of the equipment.
• Management accounts, recent bank statements and supplier invoice or quote.
• Credit profile — note: our initial enquiry is a soft search and won’t affect your score; lenders may perform a hard check later.

Because our panel includes lenders who specialise in different risk profiles, including businesses with previous refusals, it’s worth applying to see matched options.

Free Eligibility Check — quick, confidential, no obligation.

How to prepare a strong enquiry

Preparing the right documents speeds the process. Here’s a handy checklist:

1. Basic company details and contact information.
2. Recent management accounts or the latest year’s financial statements.
3. VAT registration (if applicable) and details of any existing finance agreements.
4. Supplier quote or invoice for the equipment you want to fund.
5. A short explanation of how the equipment will be used (helps match to specialist lenders).

Pro tip: have a clear capital cost and preferred term in mind — this helps brokers return accurate indicative quotes faster.

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Cost considerations & responsible borrowing

Costs depend on the product, lender, term, asset residual value and your business risk. Always compare:

• Monthly repayments and total cost over the term.
• Early repayment/exit charges and end‑of‑term obligations.
• VAT treatment (HP vs lease can differ).
• Any maintenance or insurance obligations.

We do not provide financial advice. Our role is to introduce you to suitable providers so you can request tailored quotes and consider the total cost before deciding.

FAQs — quick answers

Does submitting an enquiry affect my credit score?

No. The initial enquiry through Fast Business Loans is a soft enquiry and does not affect your credit file. Lenders or brokers you choose to progress with may carry out hard checks.

What’s the minimum funding amount?

We arrange introductions for equipment funding from £10,000 upwards.

How long does funding take?

Times vary by lender and asset. Many straightforward hire purchase or lease deals can be agreed within days; complex or high‑value transactions may take longer. Matched brokers will give an indicative timeline.

Are you a lender?

No. Fast Business Loans is an introducer. We connect your enquiry to lenders and brokers who can offer finance.

Get Started Free Eligibility Check

Next steps — begin your no‑obligation enquiry

Ready to explore equipment finance options? Complete our short enquiry and we’ll match you with the most relevant lenders and brokers. It’s free, confidential and there’s no obligation to proceed.

Get Your Free Equipment Finance Quote

Data and privacy: your details are only shared with selected partners to arrange quotes. The enquiry is information‑gathering only and not an application. Fast Business Loans is an introducer, not a lender or financial adviser.