Business equipment finance
Buy or lease the equipment and machinery you need to operate and grow.
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.
Why finance business equipment?
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
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New or used
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Wide range of equipment, plant and machinery
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Fund up to 90% of price
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12 to 60 months
Finance Lease
An affordable way to lease equipment without owning it.
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Extend or sell at end
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New or used
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Wide range of plant and machinery
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Fund up to 100% of price
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12 to 60 months primary lease
Other equipment finance options
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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.
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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.
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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.
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
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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.
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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.
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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.
Eligibility criteria and terms and conditions apply.
Important Legal 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 www.fla.org.uk and from the LSB at www.lendingstandardsboard.org.uk.
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 our 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.