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.

Ready to choose your equipment finance?

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.

Is your business eligible?

You can apply for Asset Finance if:

  • You are a new or existing Lloyds Bank customer
  • Your turnover is more than £100,000 per annum
  • You have been trading for a minimum of 13 months
  • You are UK-based
  • The asset is for use in your business.

Keep in mind

  • Assets and suppliers will be subject to a vetting process
  • You’ll be responsible for maintenance, repairs and keeping the asset insured
  • If you decide to go ahead, it will be subject to an affordability assessment and full credit reference agency check
  • Assets may be repossessed if you don’t keep up your repayments.

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.

  • 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 them.

  • 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.

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Other equipment finance options

 

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.