Asset finance is a form of business funding that allows companies to acquire equipment, vehicles, or machinery without paying the full cost upfront. Instead, the asset is paid for over time through structured repayments, helping businesses preserve cash flow while investing in growth.
Our Asset Finance guide breaks down the what, where, how and why of asset finance, helping business owners make informed decisions on how best to fund assets in their businesses.
Asset finance is a type of funding that enables UK businesses to purchase or use equipment, vehicles, or machinery without paying the full cost upfront. Instead, the cost is spread over fixed repayments, allowing companies to preserve cash flow while accessing essential assets needed to operate, grow, and remain competitive.
1. Business chooses asset
2. Lender/broker finances purchase
3. Asset is purchased
4. Business repays over fixed term
5. Ownership depends on agreement type
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!
A form of asset finance where a UK business pays an initial deposit followed by fixed instalments, gaining full ownership of the asset once all payments are completed.
A finance agreement where a business pays lower monthly rentals with a larger final payment (balloon payment) to take ownership of the asset at the end of the term.
A rental-style agreement where a business uses an asset for a fixed period without owning it, typically returning it at the end of the contract.
A finance arrangement where a business uses an asset while making instalments, with ownership transferring automatically once the final payment is made.
The cost of asset finance in the UK varies depending on several factors, including the type of asset, the finance agreement, the length of the term, and your business’s financial profile.
Rather than a fixed rate, asset finance is typically priced on a case-by-case basis to reflect the level of risk and the structure of the deal. In most cases, costs are made up of: Fixed monthly repayments Interest or finance charges Any initial deposit (if required) A final payment or balloon (for certain agreements)
Rates can differ based on: Credit history and trading performance Asset type and resale value Deposit size Length of the agreement. For many UK businesses, asset finance remains a cost-effective way to spread the expense of equipment, vehicles, or machinery while preserving working capital and maintaining cash flow.
For a more detailed breakdown of typical rates, examples, and what you can expect to pay, visit our Asset Finance Rates page.
Funding for sports equipment, pitches, gym fit outs and more
From flat beds to scaffolding, our team specialise in providing great solutions
CNC Machines, calibrators and much more, our team can also support with EU imports.
From livestock to pig arks, our team have a deep knowledge of supporting the farming community.
Tell us what you need and we’ll match suitable finance options
Asset finance is suitable for businesses at every stage of growth — from start-ups acquiring their first essential equipment, to scaling companies investing in expansion, and established corporations managing large-scale, multi-asset funding requirements. By providing flexible funding structures, it enables organisations of all sizes to access the equipment and resources they need without placing unnecessary pressure on cash flow or working capital.
Sorbus Finance provides asset finance solutions for businesses across the United Kingdom, including Northern Ireland, supporting companies with funding for equipment, vehicles, and essential machinery. Whether you are expanding operations, upgrading assets, or managing cash flow, we help structure finance that aligns with your business goals.
We also offer access to asset finance options in the Republic of Ireland, working with a network of lenders to support cross-border requirements and tailored funding needs. Our approach is practical and transparent, helping businesses navigate different funding structures with clarity and confidence.
If your business operates internationally or you are planning projects across Europe, Sorbus Finance can assist in sourcing suitable asset finance solutions through our wider lending relationships. We understand the complexities of multi-region funding and aim to simplify the process.
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.
