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.
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 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.
We have specialist propositions for:
To apply for Asset Finance, you should:
Before we can help you, we need to know:
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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.
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.
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.