Coronavirus Business Interruption Loan Scheme – Asset Finance

If you are looking to acquire a new asset or finance an existing asset, but your business has experienced difficulties as a result of the coronavirus pandemic, the scheme may be available to support you.

Your Group turnover must be between £3-£45m to be eligible to apply.

Find out more

Request an Asset Finance Repayment Holiday

Please download, complete electronically and email your form to to start your enquiry.

Download form (PDF)

Hire Purchase

Hire the vehicle or equipment your business needs, spread the cost over an agreed term and own it at the end with a one-off purchase payment.

We purchase the asset and you make use of it.

You are responsible for the day to day upkeep and maintenance of the asset.

Funding starts at £15,000.

Get a quote

More about Hire Purchase

Finance Lease

Hire the vehicle or equipment your business needs, with a series of regular payments over an agreed term. When it is sold at the end, you receive the majority of the sale proceeds.

You select and negotiate the purchase of the asset yourself.

You are responsible for the day to day upkeep and maintenance of the asset.

Funding starts at £15,000.

Enquire now

More about Finance Lease


Asset Finance is available to new and existing Lloyds Bank customers.

  • The asset must be for use in your business
  • Your turnover must be more than £100,000 per annum
  • You must have been trading for a minimum of 24 months and be UK-based.

Frequently Asked Questions

Why use Asset Finance?

Asset Finance allows you to drive growth and improve efficiency by replacing or investing in new equipment or machinery without tying up your funds.

Will I own the asset?

Hire Purchase gives you the option to buy the asset you’ve financed with a one-off purchase payment at the end of the term. 

What sort of equipment can I finance?

You can finance a broad range of assets from agriculture machinery like tractors, to other vehicles, like work vans and buses. IT equipment can also be financed.


HGV, bus and coach, trailers, cars, marine.


Tractors, combines, biomass, forestry, automation.


ICT, software, services, telephony, printers, business equipment.


Standard plant and machinery, production lines, CNC machines, robotics, automation.


Standard construction and plant hire equipment, diggers, bulldozers, demolition drills, cranes.

Get in touch

In support of the governments request for homeworking, our Asset Finance team currently have limited ability to take incoming calls.

Please submit an enquiry, or email one of the following options:

For new enquiries, please email:
For customer services, please email:
For broker queries, please email:

Important information

Lloyds Bank plc, Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England & Wales no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.

Lloyds UDT Leasing Limited, Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England & Wales no. 665240.

Lloyds Bank Asset Finance, part of Lloyds Banking Group, is a member of the Finance & Leasing Association (FLA) and complies with the FLA Business Code of Practice. Lloyds Banking Group is a member of the Lending Standards Board (LSB) and complies with the LSB Standards of Lending Practice for Business Customers (Asset Finance). Further information is available from the FLA at and from the LSB at

We are covered by the Financial Ombudsman Service (FOS). Please note that due to FOS eligibility criteria not all business customers will be covered.

The provision of credit or leasing services by us is subject to you meeting our credit approval.  Please ensure that you only apply for credit or leasing services that you can comfortably afford.