Business loans
A flexible way to expand your business or invest in equipment.
Business equipment finance
Buy or lease the equipment and machinery you need to operate and grow.
Get a quoteHow can equipment finance help your business?
Accessing the latest equipment can be crucial to your business but most businesses don’t have the cash to buy outright. That’s where equipment finance can help. It allows you to pay monthly for the plant, machinery or technology assets your business needs, without putting pressure on cash flow. You can also lease equipment to get all the benefits without the risks of ownership.
Why finance business equipment?
What type of equipment finance is right for you?
There are different ways to fund equipment or machinery depending on what it is, whether you’re buying new or used, and if you prefer to hire it or want to own it at the end of the agreement.
Business Hire Purchase
Our most popular asset finance option helps you spread the cost.
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Option to own at end
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New or used
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Wide range of equipment, plant and machinery
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Fund up to 90% of price
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12 to 60 months
Finance Lease
An affordable way to lease equipment without owning it.
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Extend or sell at end
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New or used
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Wide range of plant and machinery
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Fund up to 100% of price
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12 to 60 months primary lease
Other equipment finance options
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If you’ve bought equipment using cash or your overdraft in the last six months* then we can lend you up to 90% of the value of that purchase.
You can then repay us over a period of 12 - 60 months. Once all repayments are made, you will own the equipment again.
Note you must be VAT registered.
*Three months if you’re in Scotland.
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Pay a lower interest rate on repayments, if your equipment meets our qualifying green purposes, with Lloyds Bank’s Green Asset Finance.
Funding can support equipment that delivers significant improvements in energy efficiency, lowers chemical or water usage, or allows more waste products to be recycled.
It also includes industrial equipment powered by alternative or renewable energy, such as hydrogen, electric, solar or bio gas.
The discount is available for five years on assets valued over £25,000.
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Protect your business when buying equipment from outside the UK for £100,000 or more.
You can spread the cost over an agreed time period. We will only pay the supplier when they meet their obligations.
This helps protect your investment, and means your cash flow is not significantly impacted by the purchase.
Business equipment we finance
Whether you’re looking to buy or lease, our asset finance specialists can tailor a finance solution for a range of new or used equipment:
- Standard plant and machinery
- Bespoke plant and machinery
- Agricultural equipment
- Construction and plant hire equipment
- Food manufacturing equipment
- Office equipment and IT
Frequently asked questions
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The equipment that you use to carry out your day-to-day operations is classed as a business asset. Equipment finance is a type of asset finance that allows you to spread the cost of the asset over time. This helps you to manage cash flow as you won’t have to pay the full cost upfront and makes budgeting easier as you’ll pay monthly costs instead.
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You can use Hire Purchase or Finance Lease for most types of new or used equipment for your business, subject to qualifying criteria, including:
- Tools and equipment;
- Standard or bespoke plant and machinery;
- Office and IT equipment; and
- Vehicles including cars, vans, buses and coaches.
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Equipment finance is used solely for the purpose of buying or leasing a specific agreed piece of equipment. It uses the value of the equipment as security for the finance you need to borrow to buy or lease it. At the end of your agreement, you will have different options including owning your equipment, selling it or extending your lease.
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Pricing is tailored on the asset you want to buy or lease.
More from Asset Finance
How Asset Finance can help you grow
We explain what Asset Finance is, and how you can use it to finance vehicles or equipment that can help grow your operations.
How to grow your business
To grow a resilient business that’s around for the long term, you must plan for sustainable growth. That means understanding the current situation and having a vision for the future.
Eligibility criteria and terms and conditions apply.