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- Asset Finance
Asset Finance
Asset finance is a way to purchase assets without taking out a conventional loan. It allows you to spread payments over an agreed term and so avoid making big one-off payments for the extra machinery or equipment your business might need to grow.
Features and benefits
- Funding for all types of assets from farm vehicles to plant and office equipment.
- Competitive interest rates.
- Response to funding requests within 24 hours.
- A fast and efficient phone-based service.
Hire Purchase
Hire Purchase allows straightforward financing and asset ownership. You benefit from spreading the cost of the asset over an agreed term, followed by a one-off purchase option fee, which transfers ownership to you at the end of the term.
Finance Lease
Finance Lease allows immediate use of a new asset with a minimal initial financial outlay. It is a simple approach to lease funding, providing a deferred payment plan on the acquisition of any asset.
Assets funded include:
- Plant & machinery.
- Cars, buses and coaches.
- Heavy/light commercial vehicles.
- Commercial vehicle trailers.
- Agricultural equipment.
- Construction equipment.
- Medical equipment.
We have specialist propositions for:
- Manufacturing businesses that seek funding for commercial/HGV vehicles, machinery, plant and manufacturing equipment including investment into automation robotics.
- Healthcare business that seek funding for surgery equipment such as dental chairs, scanners, other surgery equipment and vehicles.
- Agricultural businesses that seek funding for tractors, combine harvesters, commercial vehicle trailers and other farm equipment.
- Professional practices that seek to spread the cost of Professional Indemnity Insurance and Partner Tax Liability.
To apply for Asset Finance, you should:
- Achieve sales in excess of £50,000.
- You must have been trading for a minimum of 12 months.
- The business must be UK based.
- Require the finance for business use.
- Be a sole trader, partner or director with authority to borrow on behalf of your business.
- Be aged 18 or over.
Before we can help you, we need to know:
- How much you would like to borrow.
- What you need the finance for.
- How many months you would like to make the repayments over.
Easy-to-follow figures so you can make comparisons.
Vehicle Contract Hire
A cost-effective way to manage company vehicles from the UK's leading fleet management firm.
How to apply for lending
Follow our step-by-step guide on how to apply for lending.
Commercial Fixed Rate Loan
Repay a consistent monthly amount for the entire length of your loan term.
Loans and finance
Our lending products are flexible enough to accommodate almost any business plan.
How to apply
Get a quote
Online
Use our instant online Hire Purchase quote calculator.
On the phone
0345 602 4796Telephone 0345 602 4796
Talk to one of our Asset Finance Specialists. We’re available from 9am to 5pm Monday to Friday, except public holidays.
If you need to call us from abroad, or prefer not to use our 0345 number, you can also call us on 01733 347338Call telephone number 01733 347338, to speak to one of our advisors.
Making sure you get a fair deal
We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.
To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.
Finance selector
A convenient way to help you decide which of our finance options could be right for your business.
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.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
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.
Invoice Finance, Payroll Finance, Asset Based Lending and Debtor Protection facilities are provided by Lloyds Bank Commercial Finance. Lloyds Bank Commercial Finance is a trading name of Lloyds Bank Commercial Finance Ltd. Registered office: No.1, Brookhill Way, Banbury OX16 3EL. Registered in England and Wales no.733011. Lloyds Bank Commercial Finance Scotland Limited, Registered in Scotland no.93252. Registered office: 110 St Vincent Street, Glasgow G2 5ER. Lloyds Bank Commercial Finance Limited is part of Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority under Registration Number 724228 for activities relating to certain types of consumer credit which are regulated under the Consumer Credit Act 1974 and by the Financial Services and Markets Act 2000. We are not deposit takers and are not regulated by the Prudential Regulation Authority.
When using Asset Finance your agreement will be with a Lloyds Banking Group company whose terms and conditions will apply. The provision of credit or leasing services by us is subject to your meeting our Credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford.
Contact usContact us
New customers
If you would like to find out more about our products and services, please call us on
0800 056 0056
Existing customers
If you have a business account with us, and would like to talk to a member of our business management team, please call
0345 072 5555