Get a deal up to 50% cheaper than a term loan with asset finance

Almost all of our customers got a cheaper deal compared to a term loan. Apply now to fund vehicles, machinery, equipment and more.

A personal service with expert knowledge

We work with a panel of trusted partners that can fund a wide range of business assets, with finance to suit different needs. Your Account Manager will help you navigate the available options to find a deal that works for you.

You can get funding for almost any asset, or borrow against existing assets to gain extra working capital.

Use asset finance to fund:

• Cars, vans, HGVs & motorcycles
• Tractors and farming vehicles
• Plant and machinery
• Green energy equipment
• Manufacturing & construction equipment
• Agricultural and forestry equipment

Fund your new asset with Government-backed finance

Did you know you could fund your asset with a loan under the Growth Guarantee Scheme (GGS) from one of our expert lending partners? Simply apply for asset finance as normal, and we’ll do the legwork to find you the right deals from across the market. Learn more about the GGS here.

See how affordable your asset finance loan could be

Your Account Manager will contact you to review your options, find the right deals and put you in the best position to get approved.

Monthly repayment

£1,013

Asset Finance amount

£50,000

Administration fee

£295

Interest

£10,461

Total amount payable

£60,756

Fund new vans, equipment or machinery and save 25% with tax breaks

Thanks to capital allowance tax breaks, you could deduct the full cost of qualifying vehicles, machinery and equipment from your taxable profits, saving you up to 25% on the cost of your new asset.

Why choose Funding Circle for asset finance?

A partner through the process

Your experienced Account Manager will guide you through the options best suited to your business, and you can call or email them directly.

A leading SME finance specialist

We’ve been focused purely on SMEs since 2010, helping 135,000 businesses borrow over £18 billion to fund their goals.

Fund different business needs

If you also want extra cash flow, we can assess you for a business loan without having to apply again, saving you time and effort.

Frequently asked questions

Am I eligible for asset finance?

To be eligible to apply for asset finance through Funding Circle your business needs to:

1. Be based in the UK
2. Be a limited company or LLP
3. Have at least 1 year of trading history
4. Have an annual turnover of at least £50,000

If you are not a limited company or LLP, you can still apply for a business loan.

What types of assets can be funded?

We welcome enquiries for all types of assets. Some of the most popular are:

1. Equipment - Manufacturing, Production, Engineering, Agricultural, Forestry, Waste and Recycling, Materials Handling
2. Plant and Construction - Industrial Plant & Machinery, Road Plant, Forklifts, Access Platforms, Cranes & Pavers, Diggers
3. Transportation - Heavy Commercial Vehicles & Trailers, Cars and Light Commercial Vehicles (including Business Fleets and Car and Van Rentals), Buses & Coaches
4. Machinery - Machine tools (metal engineering and plastic production), Bespoke Manufacturing Machinery, Packaging and Other Production
5. Green Energy - Solar panels, Biomass generators, Wind turbines, Heat Pumps, LED lighting, Battery Storage

Can I refinance existing vehicles, equipment or machinery to free up cash flow?

Yes, you can apply for asset finance to borrow against any existing assets such as vehicles, machinery or other equipment valued at £10,000 or more. The asset is used as collateral for the loan, and could help you get a lower interest rate than an unsecured business loan.

What tax breaks can I get when financing new assets?