A general guide to financing equipment and vehicles without a large upfront cost.
Common asset finance categories:
Vehicle finance
Equipment funding
Flexible terms
Transparent pricing
Asset finance can help businesses understand how vehicles, equipment, and machinery may be funded through fixed repayment structures.
Asset finance is a funding solution that allows you to acquire essential business assets without paying the full cost upfront. Instead of depleting your working capital to buy a van, piece of machinery, or IT equipment outright, asset finance lets you spread the cost over time through fixed payments.
The asset itself typically serves as security for the finance, which means asset finance can be easier to qualify for than unsecured business loans. This makes it an attractive option for businesses that need equipment to operate but want to preserve cash for day-to-day expenses.
Business asset finance is available for a wide range of assets including vehicles, manufacturing equipment, office technology, construction plant, and more.
Select the vehicle, equipment, or machinery your business needs.
Review lender criteria, repayment terms, ownership options, and total cost before committing.
The finance provider reviews affordability, the business, and the asset. The asset itself is often used as security.
If approved, funding is provided to purchase or lease the asset, then repayments are made over the agreed term.
Asset finance is a type of business funding used to purchase equipment, vehicles, machinery, or other business assets. Instead of paying the full cost upfront, asset finance allows a business to spread the cost over time while using the asset. This can preserve working capital for other business needs.
SimplyFunded provides business loan options for UK SMEs. If you are comparing funding routes, learn how our business loans work.
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