Asset finance allows your business to acquire the equipment, machinery, or vehicles it needs, without committing a large amount of capital upfront. Instead of buying outright, you spread the cost across a fixed monthly term, protecting your cash flow and giving you the flexibility to invest in growth when it matters.
At Sorbus Finance, we’re an independent asset finance broker based in Chesterfield, working with businesses across Derbyshire, the East Midlands, and the wider UK. With access to a panel of over 100 lenders, including sector specialists in manufacturing, engineering, agriculture, haulage, and construction, we search the market to find the deal that fits your business, not just the first one available.
We don’t work for any lender. We work for you.
Almost any tangible business asset can be financed through a hire purchase or leasing arrangement. Our team has sourced asset finance for businesses across the UK covering a wide range of equipment, including:
If your business needs it to operate or grow, there’s a good chance it can be financed. If you’re unsure whether your asset qualifies, the simplest thing to do is ask and we’ll tell you quickly.
Learn more about some of the assets our team have financed recently in our case studies!
Asset finance is a way for businesses to acquire equipment, machinery, or vehicles without paying the full cost upfront. Instead of a large capital outlay, you spread the cost over a fixed term with regular monthly payments. The asset itself typically acts as security for the facility.
Almost any tangible business asset can be financed, including machinery and manufacturing equipment, commercial vehicles and HGVs, agricultural plant, technology and IT equipment, medical and dental equipment, and specialist industry tools. Both new and used assets are typically eligible.
With hire purchase, you make fixed monthly payments and own the asset outright at the end of the term — making it well suited to businesses that want to claim capital allowances. With a finance lease, the lender retains ownership and you pay a rental fee for the duration. At the end, you can typically extend, return, or sell the asset on the lender’s behalf. The right choice depends on your tax position and whether ownership matters to your business.
Many straightforward asset finance deals can be approved within 24 to 48 hours once the lender has the information they need. More complex or higher-value facilities may take a few days longer. Using an independent broker means the application is submitted to the most suitable lender first, which reduces delays caused by declines or back-and-forth.
It is possible, though your options will be more limited. Some specialist lenders on our panel assess the quality of the asset being financed and the broader business picture rather than relying solely on a credit score. A deposit or personal guarantee may be required. The best approach is to have a conversation — a decline from one lender does not mean you are ineligible across the market.
Yes. Many specialist lenders are comfortable financing pre-owned assets provided they have a clear service history and credible remaining useful life. Some generalist lenders are more restrictive on used equipment, which is one of the reasons working with a broker who knows the market makes a difference.
If you are unsure of whether asset finance is right for you, we offer a free provisional consultation with no pressure of obligations to help you explore your options.
