What is a commercial finance broker?

A commercial finance broker is a regulated intermediary that searches the lending market on behalf of a business to find the most suitable finance product — whether that is asset finance, a business loan, a commercial mortgage, or invoice finance. Unlike going directly to a bank, a broker compares deals across many lenders simultaneously. Sorbus Finance is an independent whole-of-market broker with access to 100+ UK lenders, and charges no upfront fees — the broker is paid by the lender only on completion.

What is asset finance and how does it work for UK businesses?

Asset finance allows UK businesses to acquire vehicles, machinery, manufacturing equipment, IT hardware, and other business assets without paying the full cost upfront. Instead of a large capital outlay, you make fixed monthly payments over an agreed term — typically 2 to 7 years. Common structures include hire purchase (you own the asset at the end), finance lease (lender owns it; you use it), and operating lease. A broker like Sorbus Finance compares rates across 100+ lenders to find the best deal for your circumstances.

What types of assets can I finance for my business?

Asset finance covers a wide range of business assets including commercial vehicles and vans, HGVs and fleet vehicles, agricultural machinery, construction plant and equipment, manufacturing machinery, catering equipment, medical and dental equipment, IT hardware and software, and renewable energy installations. Most tangible business assets with a useful life of 2 years or more can be financed.

What is the difference between hire purchase and finance lease?

With hire purchase (HP), you pay a series of monthly instalments and own the asset outright at the end of the agreement — it appears on your balance sheet from day one. With a finance lease, the lender retains legal ownership throughout the term; you use the asset and pay rentals, and at the end you can often extend the lease or sell the asset on the lender's behalf. Hire purchase suits businesses that want ownership; finance lease suits those that want to preserve capital and replace assets regularly.

How much can I borrow for a business loan in the UK?

UK business loans are typically available from £5,000 up to £5 million or more, depending on your business turnover, trading history, and creditworthiness. Unsecured business loans (no collateral required) are generally available up to £250,000–£500,000 for well-established businesses. Secured loans against property or assets allow higher borrowing. Sorbus Finance compares products across 100+ lenders to match your business with the right facility and terms.

Can I get asset finance or a business loan with bad credit?

Yes. While a strong credit profile opens the widest range of lenders and best rates, many specialist lenders in the UK consider businesses and directors with adverse credit history — including CCJs, previous defaults, or prior declines. The key factors are trading history, turnover, affordability, and asset quality. A broker can identify lenders most likely to approve your application before a formal search, protecting your credit score from unnecessary hard searches.

What is the difference between asset finance and a business loan?

A business loan provides a lump sum of cash that can be used for any purpose — working capital, stock, growth investment — and is repaid with interest over a set term. Asset finance is structured specifically around a particular asset (e.g. a van or piece of machinery), with the asset itself typically acting as security. Because the lender has a tangible asset to recover if payments are missed, asset finance usually offers lower interest rates than unsecured business loans.

What is invoice finance and how does it help cashflow?

Invoice finance lets a business release cash tied up in unpaid customer invoices — typically up to 90% of the invoice value within 24 hours — rather than waiting 30, 60, or 90 days for customers to pay. There are two main types: invoice factoring (the lender manages your sales ledger and collects payment) and invoice discounting (you retain control of collections). It is especially useful for businesses with seasonal cashflow, long payment terms, or rapid growth.

What documents do I need to apply for business finance?

Lenders typically require: 3–6 months of business bank statements, the last 1–2 years of filed accounts or management accounts, a completed application form with director details, proof of identity and address for all directors, and (for asset finance) a quote or invoice for the asset being purchased. For commercial mortgages, additional documentation such as property details, rental income schedules, and a business plan may be required. A broker guides you through exactly what each lender needs for your specific application.

How long does it take to arrange business finance?

Simple asset finance or small business loans can be approved and funded within 24–48 hours. More complex facilities — commercial mortgages, large structured loans, or cases with adverse credit — typically take 2–6 weeks. Using a broker speeds up the process because we know which lenders are actively lending, what their criteria are, and how to package your application to maximise approval chances and minimise delays.

How does a finance broker get paid?

Sorbus Finance is paid a commission by the lender on successful completion of a finance arrangement — not by the business owner. There are no upfront fees at any stage. This means you receive whole-of-market advice and lender comparison at no direct cost, and our interest is always aligned with finding you the right deal.

What is the Sorbus Finance Business Finance Health Check?

The Business Finance Health Check is a free, proprietary diagnostic tool developed by Sorbus Finance. It assesses your business across four areas: lending readiness, risk and resilience, exit strategy readiness, and financial controls. It takes under 5 minutes and produces an instant scored report — identifying gaps before you approach lenders, and giving you a prioritised action plan. It is completely free, confidential, and carries no obligation.

Do I need to have been trading for a certain length of time to get business finance?

Most mainstream lenders prefer at least 2 years of trading history, but specialist lenders will consider businesses from 6 months or even earlier for certain products — particularly asset finance, where the asset itself provides security. Start-up business loans are available for businesses under 12 months old, though terms may differ. A broker identifies which lenders are suitable for your trading age before any formal applications are made.

Arran Turner — Managing Director, Sorbus Finance

LinkedIn Profile hello@sorbusfinance.co.uk 01246 383500

Managing Director & Founder

Arran Turner

Sorbus Finance — Chesterfield, Derbyshire

Most UK SMEs don't lack ambition. They lack access — access to funding, to impartial advice, and to the whole-of-market expertise that larger businesses take for granted. Arran founded Sorbus Finance to close that gap.

With over two decades of experience across vehicle finance, fleet management, and commercial lending, Arran brings a grounded, practical perspective to every client relationship. He holds Sorbus Finance to an uncompromising standard of transparency — no hidden fees, no lender bias, and no jargon.

A graduate of the University of Hull and a recognised voice for underserved UK businesses, Arran is regularly consulted on SME access to finance and writes extensively on commercial lending, working capital, and the changing landscape of UK business funding.

Asset FinanceBusiness LoansWorking CapitalSME LendingFleet FinanceAgricultural Finance

Areas of expertise

Arran advises on the full range of commercial finance products, with particular depth in asset finance and SME access to whole-of-market lending.

Asset Finance

Hire purchase, finance lease, and balloon HP for business-critical equipment across all sectors.

Business Loans

Unsecured and secured lending for growth, working capital, acquisition, and refinancing.

Commercial Mortgages

Owner-occupied and investment property finance for SMEs looking to build long-term equity.

SME Access to Finance

Championing independent access to the same whole-of-market expertise large corporates enjoy.

Finance Education

Helping business owners understand their lending options before they approach a lender.

Lender Relationships

Over two decades building relationships with specialist, challenger, and high-street lenders.

Career background

Over two decades building expertise across vehicle fleet management, financial planning, and commercial finance brokerage.

Managing Director · Sorbus Finance

2022 – present

Founded Sorbus Finance with the mission of giving UK SMEs whole-of-market access to commercial finance. Leads client strategy, lender relationships, and the firm's growing team of specialist advisers from Chesterfield, Derbyshire.

Company Owner · Castle Stonebridge Financial Planning

Concurrent

Owners' financial planning practice running alongside Sorbus Finance, providing a joined-up view of personal and business finance for owner-managed businesses.

General Manager · RGW Vehicle Contracts

Prior

Managed commercial vehicle contract and fleet operations, building deep expertise in vehicle finance, asset valuations, and fleet lifecycle management — the foundation for Sorbus's fleet finance specialism.

Branch Rental Manager → Assistant Manager · Enterprise Holdings / Enterprise Rent-A-Car

Prior

Progressed through Enterprise's management programme, gaining operational and commercial grounding in vehicle rental, fleet management, and customer relationship management at scale.

BSc Graduate · University of Hull

Education

Undergraduate degree providing the analytical and commercial foundations that underpin Arran's approach to structured finance and business advisory.

Written by Arran

Arran writes on commercial lending, SME access to finance, and practical guides for UK business owners navigating the lending market.

What Are Working Capital Loans?

A practical guide for UK business owners on how working capital loans work, when to use them, and how to choose the right structure.

How to Secure a £200,000 Business Loan or Greater

Insider insights on what lenders look for in larger loan applications — and how to position your business for success.

Business Finance in Chesterfield: Powering Growth Amidst Innovation and Change

A regional perspective on SME funding opportunities for businesses in Chesterfield, Derbyshire, and the wider Sheffield City Region.

Rooted in the Land: Farm Loans & Agricultural Asset Finance

How Sorbus Finance supports UK farmers with tractor finance, machinery HP, and rural business loans — including seasonal income structures.

Fast Business Loans — A Guide for UK Small Businesses

When timing matters most: how to access fast business loans and what to watch for in the small print.

View all articles in the Knowledge Hub

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Most UK SMEs don't lack ambition. They lack access. Access to funding, access to impartial advice, and access to the same whole-of-market expertise that large corporates take for granted. We exist to change that.
Arran Turner
Managing Director, Sorbus Finance

Speak to Arran's team

Free, no-obligation advice on asset finance, business loans, or any commercial finance need. No upfront fees — ever.

01246 383500 Free Finance Health Check