How can equipment finance help your business?

Accessing the latest equipment can be crucial to your business but most businesses don’t have the cash to buy outright. That’s where equipment finance can help. It allows you to pay monthly for the plant, machinery or technology assets your business needs, without putting pressure on cash flow. You can also lease equipment to get all the benefits without the risks of ownership.

Enquire or apply for equipment finance

Enquire about equipment finance

Enquire about equipment finance

Get a quote, apply online or speak to one of our specialists who can tailor a finance solution to your business needs.

Get started

Ready to choose your equipment finance?

Enquire about equipment finance

Enquire about equipment finance

Get a quote, apply online or speak to one of our specialists who can tailor a finance solution to your business needs.

Get started

Why finance business equipment?

Fund what you need

Get access to the right tools to improve productivity, efficiency or sustainability.

Spread the cost

Pay monthly instead of paying in advance and impacting cash flow.

Choose to own or lease

Choose from hire purchase or leasing options with terms up to 60 months.

What type of equipment finance is right for you?

There are different ways to fund equipment or machinery depending on what it is, whether you’re buying new or used, and if you prefer to hire it or want to own it at the end of the agreement.

Business Hire Purchase

Our most popular asset finance option helps you spread the cost.

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  • Option to own at end

  • New or used

  • Wide range of equipment, plant and machinery

  • Fund up to 90% of price

  • 12 to 60 months

More about Hire Purchase

Finance Lease

An affordable way to lease equipment without owning it.

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  • Extend or sell at end

  • New or used

  • Wide range of plant and machinery

  • Fund up to 100% of price

  • 12 to 60 months primary lease

Request a call back

Other equipment finance options

  • Sale & Hire Purchase Back can help spread the cost of a recent purchase and release funds back into your business.

    If you’ve bought equipment for your business using either cash or your overdraft in the last 6 months (if you live in England and Wales, or 3 months if you’re in Scotland), Sale & Hire Purchase Back could help you release cash flow by paying for it monthly instead.

    You won’t need to pay a deposit and can choose to make repayments over 12 to 60 months.  At the end of your agreed term, you’ll own the asset again.

    Request a call back

  • Discounted finance for equipment that improves energy efficiency with Lloyds Bank’s Clean Growth Financing Initiative (CGFI)

    Funding can support equipment that delivers significant improvements in energy efficiency, lowers chemical or water usage, or allows more waste products to be recycled. It also includes industrial equipment powered by alternative or renewable energy, such as hydrogen, electric, solar or biogas.

    The discount is available for 5 years on assets valued at over £25,000 and linked to our qualifying green purposes.

    More about green asset finance

  • Manage risk and protect cash flow when buying business equipment from overseas.

    Spread the costs of purchases over £100,000 from overseas. The funds are only released when your supplier meets their obligations to help protect your investment.

    More about Capital Import Finance


Business equipment we finance

Whether you’re looking to buy or lease, our asset finance specialists can tailor a finance solution for a range of new or used equipment:

  • Standard plant and machinery
  • Bespoke plant and machinery
  • Agricultural equipment
  • Construction and plant hire equipment
  • Food manufacturing equipment
  • Office equipment and IT

Frequently asked questions

  • The equipment that you use to carry out your day-to-day operations is classed as a business asset. Equipment finance is a type of asset finance that allows you to spread the cost of the asset over time. This helps you to manage cash flow as you won’t have to pay the full cost upfront and makes budgeting easier as you’ll pay monthly costs instead.

  • You can use Hire Purchase or Finance Lease for most types of new or used equipment for your business, subject to qualifying criteria, including:

    • Tools and equipment;
    • Standard or bespoke plant and machinery;
    • Office and IT equipment; and
    • Vehicles including cars, vans, buses and coaches.
  • Equipment finance is used solely for the purpose of buying or leasing a specific agreed piece of equipment. It uses the value of the equipment as security for the finance you need to borrow to buy or lease it. At the end of your agreement, you will have different options including owning your equipment, selling it or extending your lease.

  • Pricing is tailored on the asset you want to buy or lease.

More from Asset Finance

How Asset Finance can help you grow

We explain what Asset Finance is, and how you can use it to finance vehicles or equipment that can help grow your operations.

Read the guide

How to grow your business

To grow a resilient business that’s around for the long term, you must plan for sustainable growth. That means understanding the current situation and having a vision for the future.

Read the guide

Eligibility criteria and terms and conditions apply.

Important Legal Information

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB:

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.