Securing the right financial support is critical to the growth and sustainability of your business.
With this in mind, asset financing is a valuable solution for companies that want to acquire the necessary equipment and machinery without the immediate burden of significant upfront costs negatively impacting the company’s cash flow.
In short, this financing option allows businesses to spread costs over a longer period of time while leveraging assets to generate income and make monthly repayments.
The UK has a robust asset finance market with a variety of lenders catering to different sectors. From traditional banks to specialized financial companies, there are numerous options.
Whether you are a small business owner or a large corporation, knowing the top asset finance lenders in the UK will help you make informed strategic decisions and secure the best funding for your needs.
Who are the best asset finance providers in the UK?
The leading asset finance providers in the UK are, in no particular order:
- Aldermore
- Lombard
- ABN Amro
- Société Général
- Close brothers
- BNP Paribas
- Investec
- HSBC
- Novuna
- Allica Bank
The best asset finance lenders in the UK
Aldermore
Aldermore offers tailored asset finance solutions to support various sectors including manufacturing, agriculture, construction and transport, making it a versatile option.
Their main products are:
- Hire purchase: Arrangements that allow companies to spread the cost of purchasing assets over time, so that they ultimately become owners of the assets at the end of the agreement.
- Finance leasing: allows companies to use the asset for the majority of its useful life. Monthly payments are made over a fixed period, and companies have the option to continue leasing, upgrading, or returning the asset at the end of the term.
- Operating lease: Lower monthly payments are typically required and the asset is returned to Aldermore at the end of the lease term.
Why you should choose Aldermore
With flexible financing options, industry-specific expertise and significant benefits, Aldermore stands out as a reliable partner for companies looking to acquire key assets without jeopardizing their financial stability.
Lombard
Known for its robust financial solutions and customer-centric approach, Lombard helps companies of all sizes acquire the assets they need to grow and succeed.
Lombard offers tailored financing solutions for various types of equipment, from machinery and vehicles to technology and renewable energy assets. They also offer protection for IT equipment, software and technology upgrades, as well as company cars, commercial vehicles and fleets.
Lombard’s team of industry experts provides tailored advice and support, ensuring businesses receive the most suitable financial solutions for their specific needs.
Customers can easily manage their accounts, view financing agreements and make payments via Lombard’s secure online portal.
Why you should choose Lombard
Lombard prides itself on building long-term relationships with clients and providing ongoing support and advice to help businesses succeed. Lombard provides tools and services to help companies manage their assets efficiently, ensuring maximum value and productivity.
With over a century and a half of experience, Lombard has established itself as a trusted and reliable provider of asset finance in the UK.
ABN Amro
With a strong focus on innovation, growth, development and sustainability, ABN Amro can provide high-quality support to companies across various industries.
They offer flexible equipment and vehicle leasing options and also help companies finance IT infrastructure and software, as well as renewable energy and green equipment projects.
ABN AMRO’s focus on innovation ensures companies have access to the latest financial solutions and technologies. This commitment helps customers stay ahead in rapidly evolving markets.
Why you should choose ABN AMRO
With a long-standing reputation in the financial industry, ABN AMRO is a trusted partner for companies seeking reliable and effective asset financing solutions. His extensive experience and comprehensive consulting services provide companies with the support they need to succeed.
Societe Generale
Société Générale, a leading global bank, offers comprehensive asset financing solutions designed to equip companies with the tools and resources they need to grow and innovate.
They offer tailored solutions for financing industrial equipment as well as transport and logistics, IT, green energy and other key assets, enabling companies to maintain their operations competitively without significant upfront costs.
The bank offers advice on sustainable financing options and supports companies in making environmentally friendly investment decisions.
Why you should choose Société Générale
Société Générale’s commitment to innovation ensures that companies have access to the latest financing solutions and technologies.
With a strong global presence and extensive experience in the financial industry, Société Générale is a first-class partner for companies seeking effective and tailored asset financing solutions.
Close brothers
With a commitment to flexibility and customer service, Close Brothers has established itself as a leading provider of asset finance in the UK.
Close Brothers provides financing for a wide range of assets including machinery, vehicles and equipment, enabling companies to maintain cash flow while obtaining the resources they need.
They pride themselves on understanding each customer’s individual needs, offering personalized financial solutions and dedicated support throughout the financing process.
The service includes a user-friendly online platform that allows businesses to manage their financing agreements, make payments and access important account information.
Why you should choose close brothers
Close Brothers values building long-term relationships with its customers and provides ongoing support and personal service to ensure satisfaction and success.
With this focus on personalized service, industry expertise and innovative tools, Close Brothers is the preferred choice for companies seeking flexible and reliable asset financing options.
BNP Paribas
As a division of one of the world’s leading financial institutions, BNP Paribas Leasing Solutions combines financial strength with innovative products to support companies in various industries.
When you work with BNP Paribas, you benefit from a secure online platform for managing financing contracts, making payments and accessing account information, offering businesses convenience and control.
As part of BNP Paribas, BNP Paribas Leasing Solutions offers the financial strength and stability of one of the world’s leading banks, providing customers with trust and security.
Why you should choose BNP Paribas
They offer flexible financing options and tailored solutions to ensure businesses receive the support they need to achieve their specific goals.
They have developed a deep understanding of various industries, allowing them to provide valuable insights and specialized advice, helping companies make informed financial decisions.
Investec
Investec offers tailor-made financial solutions tailored to the needs of companies in various industries. With a commitment to innovation and customer satisfaction, Investec helps companies acquire key assets and maintain financial flexibility.
Their services include lease financing, lease purchase and refinancing to release capital from existing assets, improve cash flow and finance new opportunities.
Each financing package is tailored to the customer’s individual requirements and offers personalized and effective financial support.
Why you should choose Investec
Investec is dedicated to driving innovation in asset financing, providing advanced digital tools and flexible financing options that enable companies to stay one step ahead in a dynamic market environment.
With a focus on tailored financing, industry expertise and sustainability, Investec is a preferred partner for companies seeking reliable and effective asset financing solutions.
HSBC
Backed by the strength and stability of one of the largest banking institutions in the world, HSBC offers comprehensive financial support.
This includes a wide range of customizable financing solutions tailored to the individual needs of each business, ensuring optimal support and flexibility for growth.
The service includes personal support from dedicated account managers who provide expert advice and tailored financial solutions.
Why you should choose HSBC
Companies benefit from the financial strength and stability of a leading global banking company, ensuring trust and security in their financial partnerships.
Novuna
Novuna focuses on supporting businesses of all sizes, providing finance for various types of equipment and assets to ensure companies can maintain competitiveness and drive innovation.
They work closely with clients to understand their goals and provide tailored financial solutions. Their customer-centric approach ensures businesses receive the support and flexibility they need to succeed.
Novuna uses advanced digital tools and platforms to streamline the application and approval process.
Why you should choose Novuna
Novuna offers a variety of financing terms tailored to companies’ specific needs and financial situations, providing greater flexibility and control.
With extensive experience across various industries, Novuna offers insightful advice and tailored solutions tailored to the individual needs of each industry.
Allica Bank
Allica Bank is a modern, relationship-focused bank dedicated to serving established SMEs in the UK.
Their asset finance solutions are designed to help companies invest in critical equipment and assets without any upfront financial burden.
They strive to build strong relationships with their customers. Their account managers work closely with companies to understand their goals and provide personalized financial solutions.
Why you should choose Allica Bank
Allica Bank offers flexible financing terms and competitive interest rates, ensuring that companies can find a solution that suits their financial situation. Thanks to the transparent pricing structure, there are no hidden fees, so companies can plan their finances with confidence.
What are asset finance providers?
Asset financing providers are financial institutions or companies that offer financing solutions specifically designed for the acquisition of business assets such as machinery, vehicles and equipment.
These providers help companies maintain critical assets without requiring significant upfront investments and offer a variety of financing options including leasing, hire purchase and equipment financing.
By spreading the cost of these assets over an agreed period of time, asset finance providers help companies maintain cash flow and invest in growth.
What you need from an asset finance provider
Choosing the right asset financing provider is crucial to ensuring your business has the equipment and assets it needs without putting a strain on your finances.
1. Flexible financing options
Comprehensive solutions
- Look for a provider that offers a variety of financing options, such as: B. Rental purchase, finance leasing, operating leasing and refinancing. This flexibility allows you to choose the best solution based on your specific needs and financial situation.
Customizable conditions
- The provider should offer tailored financing terms that suit your cash flow and budget. This includes the length of the financing period, payment plans and end-of-term options.
2. Industry expertise
Industry-specific knowledge
- Choose a provider with experience in your industry. You will better understand the specific challenges you face, allowing you to offer more personalized advice and solutions.
Advisory Services
- Vendors with industry knowledge often have advisory services to help you make informed decisions about asset purchases and financing strategies.
3. Competitive tariffs and transparent prices
Competitive interest rates
- Make sure the provider offers competitive interest rates that make financing affordable. Compare rates from multiple providers to make sure you’re getting the best deal.
transparency
- Look for a provider with a transparent pricing structure. There should be no hidden fees and all costs should be clearly communicated upfront.
4. Strong customer support
Dedicated relationship managers
- Providers who hire dedicated account managers can offer a more personalized service by understanding your company’s unique needs and providing ongoing support.
Responsive customer service
- Reachable customer service is crucial to resolving any issues that arise during the financing period. Check reviews and reviews to assess the provider’s customer service reputation.
5. Fast and efficient application process
Fast approvals
- The provider should have a streamlined application and approval process that allows you to receive funds quickly and without unnecessary delays.
Digital tools
- Look for providers that use digital tools and platforms for application submission, document management and account tracking.
6. Flexible repayment options
Tailored repayment plans
- Providers should offer flexible repayment plans that fit your business’s cash flow and revenue cycles, making it easier to manage repayments without financial burden.
Early repayment options
- Make sure the provider allows early repayment options without significant penalties, allowing more flexibility if your financial situation improves.
Diploma
Choosing the right asset financing provider is crucial to purchasing the equipment your business needs and effectively managing its cash flow. The UK’s leading asset finance providers each offer unique features and benefits tailored to different business needs.
Each provider has robust digital tools and customer support systems that ensure businesses manage their financing contracts efficiently and receive timely support when needed. Whether you’re a small start-up or a large enterprise, these providers offer the flexibility, expertise and support you need to help your business grow and succeed.
By carefully evaluating their unique offerings, companies can identify the lender that best fits their operational needs and financial goals, ensuring a strategic investment in their future success.
To get an overview of the costs involved, take a look at our asset financing calculator.
