Spread the cost of an identifiable business asset such as a vehicle, machine, equipment or technology. The asset normally supports the facility, while approval and terms depend on the asset and your business.
Lenders consider the asset type, age, condition, supplier, resale value and the strength of the applying business.
Vans, trucks, cars, specialist vehicles
Tools, machinery, production equipment
IT hardware, software, systems
Industrial, agricultural, construction
Different lenders prefer different asset types. We identify suitable options and explain the costs, structure and conditions before an application.
Excavators, dumpers, scaffolding, tools
Tractors, harvesters, livestock equipment
Boats, engines, marine equipment
Different structures to suit your business needs and tax situation
Best for: Assets you want to own and use long-term
Best for: Maximizing tax benefits and cash flow
Best for: Technology that becomes obsolete quickly
We understand the specific asset needs of key South West sectors
IT equipment, office fit-outs, professional vehicles for accountants, solicitors, consultants
Medical equipment, dental chairs, diagnostic tools for practices across the South West
Plant machinery, tools, vehicles for Dorset's growing construction sector
Server equipment, software licenses, IT infrastructure for growing businesses
Competitive rates across our network of specialist asset finance lenders
100% first-year tax relief on qualifying plant & machinery up to the current AIA limit. Limits are set by HMRC and subject to change — confirm with your accountant.
Companies can claim 100% first-year allowances on qualifying new plant & machinery with no upper limit (subject to HMRC rules). Consult your accountant for eligibility.
Lease payments may be deductible depending on the type of lease and your accounting treatment. We recommend taking professional tax advice for your specific situation.
From asset selection to finance completion - we handle everything
Identify your asset needs and obtain supplier quotes
We identify specialist lenders whose criteria fit the asset and business
The lender assesses the business, asset, supplier and proposed structure
We coordinate payment to supplier and asset delivery to you
Asset finance may suit an established business buying an identifiable asset that will support trading. Lenders commonly review trading history, affordability, credit profile, deposit, supplier and the asset’s expected value. It does not automatically fund general fit-out, marketing or working capital.
The cost is spread over time, cash reserves can be preserved, and the asset itself supports the borrowing.
The total cost exceeds paying cash, the asset may be at risk after default, and early settlement or end-of-term conditions vary by agreement.
Funding equipment as part of a wider project? Compare an unsecured business loan for non-asset costs. Gyms should use our specialist fitness equipment finance guidance.
Common questions about asset finance
With hire purchase, you use the asset immediately and can claim capital allowances — ownership transfers on final payment. You typically pay more each month. With leasing, you have lower monthly payments and lease costs that may be tax-deductible (subject to your accounting treatment), but don't own the asset until the lease ends (finance lease) or at all (operating lease). Seek professional tax advice for your situation.
Yes, many lenders will finance used assets, typically up to 5-10 years old depending on the asset type. Used asset finance often requires a higher deposit and may have shorter repayment terms, but can be an excellent way to acquire quality equipment at lower cost.
Deposits typically range from 0-30% of the asset value. New equipment often requires 10-20%, while used assets may need 20-30%. Some specialist lenders offer 0% deposit deals for established businesses with strong credit profiles.
You remain responsible for maintenance and repairs unless you have a maintenance agreement with the supplier. Some operating leases include maintenance. We recommend considering warranty extensions or maintenance packages when financing critical business equipment.
Many lenders offer refinancing or additional facilities for established customers. You can often add new equipment to existing agreements or refinance everything together for better terms. We'll help you plan the most cost-effective approach for your growing business.
Independent broker with 15+ years finance experience, now focused exclusively on helping South West businesses
Our founder brings over 15 years of finance industry experience to every client relationship. We understand funding from both sides - lenders and borrowers - giving you the insights you need.
We earn commission from lenders when you're successfully funded. That means our service is completely free to you, with no upfront fees or hidden costs. We only succeed when you do.
As an independent broker, we search 70+ specialist lenders to find your best match. We work for you, not the lenders, ensuring you get competitive rates and terms.
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