Asset Finance

Access fast, flexible business asset finance from over 100 UK lenders with the help of our friendly, award-winning finance brokers. Borrow from as little as £10,000 to over £5m.

Rates from

6%
£0 Deposit
Same Day Finance Available

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How Asset Finance Can Help Grow Your Business

Asset Finance enables you to quickly fund the purchase or leasing of new vehicles, equipment, machinery and more, without tying up your cash reserves, and spread the cost of any borrowing over affordable monthly repayments.

From business loans to hire purchase agreements, and from leasing to asset refinancing, we can typically help you secure finance and have the cash in your bank within 72 hours - with same day financing available in some cases.

As an added bonus, some types of asset finance offer tax advantages, reducing the overall cost of borrowing even further.

Speak with our friendly team today who have access to a panel of over 100 lenders, enabling them to quickly and efficiently identify the best finance solution for your specific needs.

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Please note this is not a quotation for finance, this is for illustrative purposes only. The figures are available to UK incorporated businesses only. The value provided is intended as a guide only. For an accurate quotation please contact us.

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Typical Eligibility Criteria

Two years trading history
Good business / personal credit/ good Delphi score
No default payments or outstanding CCJ's
All company directors need to be UK citizens or hold Indefinite Leave to Remain. (Not all lenders require proof, but some may ask)

Should you fulfil the above, we are confident we can take your business to the next level.

Exclusion Criteria:

Outstanding CCJ's.
Customers with severe adverse credit.

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Exclusion Criteria:

Outstanding CCJ's.
Customers with severe adverse credit.

Asset Finance Solutions

Our lenders offer a range of asset finance solutions. We can help you choose the finance option that’s right for you and your business.

Hire Purchasing

Hire Purchase allows you to secure an asset your business needs, without paying upfront and buying the asset outright. You can spread the cost of a purchase for up to 7 years making it a great way to grow your business without significant impacts on your cashflow.

When your agreement ends, you are given the option to purchase the asset with a further payment.

Save Capital - Secure equipment quickly whilst retaining working capital
Flexibility - The process is straightforward and you'll be able to maintain control
Tax Advantages - Interest charges may be offset against profits for taxation

Find out more about Hire Purchasing

Lease Financing

A finance lease (also known as a capital lease) is similar to hire purchasing but without the option to purchase the asset at the end of your agreement.

The asset remains the property of the finance company who lease the item to you in return for a regular monthly payment.

Whilst you cannot purchase the item at the end of the agreement, there is often the option to extend your lease.

Predictability - Set regular payments
Tax Advantages - Typically rentals are corporation tax deductible
Efficiency - Minimal costs upfront

Find out more about Lease Financing

Asset Refinancing

Asset refinancing allows you to secure new funding by using existing assets as collateral.

Asset refinancing can be used in conjuction with Lease Financing or Hire Purchasing and is a great way to secure funding as you can often access more preferential interest rates.

Lower Interest Rates - Refinancing can secure a lower interest rate, reducing overall borrowing costs
Debt Consolidation - Consolidate debts into a single loan, lowering the overall interest rates
Leverage Existing Equity - Use existing assets to obtain new assets, reducing cash investment

Find out more about Asset Refinancing

Green Asset Finance

Finance energy-efficient equipment and low-carbon technologies to help your business become more sustainable, without the need for a large upfront investment.

Lower Interest Rates - Lenders often incentives eco-friendly initiatives via reduced interest rates
Invest in Sustainability - Finance electric vehicles, solar panels, battery storage and other qualifying low-carbon technologies
Reduce Your Overheads - Upgrading to energy-efficient technology can help reduce long-term operational and energy costs

Hire Purchasing

Hire Purchase allows you to gain an asset your business needs, without paying upfront and buying the asset outright. You can spread the cost of a purchase for up to 7 years making it a great way to gain access to a much-needed business asset without investing huge amounts of capital.

When your agreement ends, you are given the option to purchase the asset with a further payment.

Save Capital - Secure equipment quickly whilst retaining working capital
Flexibility - The process is straightforward and you'll be able to maintain control
Tax Advantages - Interest charges may be offset against profits for taxation

Find out more about Hire Purchasing

Lease Financing

A finance lease (also known as a capital lease) is similar to hire purchasing but without the option to purchase the asset at the end of your agreement.

The asset remains the property of the finance company, while you retain the use of the asset for the duration of the lease term. However, if you still require the asset you do have the option to extend your lease.

Predictability - Set regular payments
Tax Advantages - Typically rentals are corporation tax deductible
Efficiency - Minimal costs upfront

Find out more about Lease Financing

Refinancing

Refinancing is an asset finance option that allows you to use existing assets as collateral against funding. Letting you access the cash that’s tied up in your assets, as all, or part of a payment towards your new assets.

This can be used for Lease Financing or Hire Purchasing and is a great way to finance a new asset or piece of equipment you need when you don’t have large amounts of capital at hand to invest.

Lower Interest Rates - Refinancing can secure a lower interest rate, reducing overall borrowing costs
Debt Consolidation - Consolidate debts into a single loan, lowering the overall interest rates
Leverage Existing Equity - Use existing assets to obtain new assets, reducing cash investment

Find out more about Asset Refinancing

Buy or Lease what you need, when you need it

Business van finance

Company vehicles are a vital asset and the lifeblood of many businesses. From small businesses to rapidly expanding fleets, we can help. We understand that time is money and you can't afford to wait weeks for financing: Which is why we offer same-day business van finance with rates as low as 6%!

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Office fit-out finance

At Union Business Finance, we understand that your office is more than just a physical location; it's the epicentre of your business. With our office fit-out finance solutions, you have the power to redefine your workspace, creating an environment that not only reflects your brand but also ignites productivity and innovation.

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Fit out finance

Whether you’re looking to fit out a dental office, retail space, or new restaurant, we can help. With our fit-out finance solutions, you can create the perfect workspace for you, your employees, and your customers.

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Equipment Finance

One of the biggest costs for your business can be purchasing the equipment you need to operate. We offer specialised asset equipment finance with flexible repayment terms, flexible deposit options, and same-day finance: For your equipment needs.

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Case Studies

Bun Squad

Three types of burgers arranged on a wooden table, highlighting their diverse toppings and flavors.

How UBF Helped An American Diner Keep Their Cool - and Their Business Running.

Client: Bun Squad Ltd
Business Type: Restaurant.
Location: High Wycombe, Buckinghamshire.
Funding Need: New Refrigeration Equipment.
Solution: Asset Finance - Equipment Finance spread over 36 months.

View case study

Freight Minds

How UBF Helped Freight Minds Expand Operations with a Smart Funding Solution

Client: Freight Minds Ltd
Business Type: International Logistics Provider (Events & Entertainment Industry).
Location: London Heathrow, UK.
Funding Need: £200,000 Equipment & Security Upgrades.
Solution: Asset Finance – Specialist Equipment Finance.
Loan Amount: £260,000.

View case study

Senza Group

A conference room featuring a large TV and several chairs arranged for meetings.

How UBF Helped Senza Group Secure £200,000 for Their Office Fit-Out Without Straining Cash Flow

Client: Senza Group
Business Type: Homeware Product Supplier
Location: United Kingdom & Shenzhen, China.
Funding Need: £200,000 for Office Fit-Out
Finance Solution: Asset Finance – Office Fit-Out Financing

View case study

The Industries We Support

At Union Business Finance, we can provide Asset Finance for any circumstance across a range of sectors, including but not limited to:

Beauty Finance

Our range of beauty industry finance solutions help businesses purchase new machinery, offer new cosmetic treatments and more. With the help of Union Business Finance, your future has never looked better!

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Brewery Finance

From breweries to public houses and cocktail bars, our range of finance options for the hospitality industry can help you grow and expand your business giving you reason to celebrate.

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Construction Finance

From bridging loans and refinancing loans to asset finance for new development projects, Union Business Finance help companies operating within the construction and home building industry expand and build a stronger future.

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Drainage Finance

Don't let your finances cause a blockage. Union Business Finance provides a range of financing options for the drainage industry to help with the purchase of new vehicles, new equipment, and more so that your business runs freely.

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Farming Finance

Our range of financing options for the farming and agriculture industry help you purchase new equipment, machinery, vehicles, land and more; whatever it takes to help your business grow.

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Fitness Finance

From building swimming pools to purchasing new commercial gym equipment, we offer a range of finance options tailored for the fitness industry to help your business reach peak condition.

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Franchise Finance

Branching out has never been easier thanks to our range of financing options for the franchise sector. From buying a new business to expanding an existing franchise, we can help.

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Haulage Finance

From finance for new vehicle purchases to funding new premises and warehouse, we can help your haulage or distribution business keep driving forwards.

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Medical Practice Finance

From investment for new medical machinery to full surgery fit-outs, we offer a range of loans and finance options to help keep your business in peak financial health.

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Retail & Wholesale Finance

From funding new shop-fittings to stock, at Union Business Finance our team of expert advisors know how to find the best deal, saving you from the time and hassle of having to shop around.

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Scaffold Finance

From vehicle finance to help purchase new vehicles, to asset finance to help purchase new scaffolding, we can help take your business to the next level.

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Media, Production and AV

We offer finance options for those working in the media industry, to take the stress out of buying equipment so that you can continue business as usual.

find out more

Hospitality

In the aftermath of the global pandemic, the hospitality industry has faced a series of financial challenges.

find out more

Manufacturing

The manufacturing industry is constantly evolving, and financial challenges can arise from fluctuating demands.

find out more

How Asset Finance With Union Business Finance Works

Consultation

After you contact us, one of our expert account managers will consult with you about what you’re looking for and how we can help your business reach new heights.

Financial Review

Once we know what finance you’re looking for and send over your supporting financials, we’ll review them and get a proposal sent for credit approval.

Pay Out

Within 72 hours of approval and the contract signed, you’ll have the funds you need directly into your bank account!

It couldn't be easier to get an application started for your business. Drop us your details by clicking the link below or call us on 01788 892 002 and one of our expert account managers will reach out to you and ensure you get the most from your asset finance solution.

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Learn more about how Union Business Finance could help you secure the right funding for your business.

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Securing Asset Finance for Small Businesses

We understand how important asset finance is for small businesses, whether it’s fitting out your first office or retail space, or securing equipment finance for your first business van.

If you’re a start-up or small business looking for asset finance, we can help. Check out our start-up asset finance solutions here, to find out how we can support you to grow your business.

FAQs

Why use an asset finance broker?

Quite simply - our team of friendly & experienced finance brokers can help save you time, money and reduce stress compared with trying to secure funding on your own.

When approaching your own business bank for a loan, your options will generally be limited to the financial products it offers.

In contrast, with access to a panel of over 100 UK finance providers, we have access to a much wider range of products, therefore helping you access some of the best asset finance deals from across the market.

We are also on-hand to help support clients with the application process, and answer any questions which you may have, with the ultimate aim of maximising acceptance rates by lenders.

How quickly can I get Asset Finance?

We move fast to get you the business loan you need, as soon as we can. Once you’ve sent over the relevant financial information, we will have the funds for the asset in your account within 72 hours.

What are the benefits of using asset finance?

Asset finance offers several benefits to a business, such as:

Cash Flow Management: Spreads the cost of assets over time, preserving cash flow.
Up-to-Date Equipment: Allows businesses to acquire the latest equipment without large upfront costs.
Flexibility: Various finance options can be tailored to meet specific business needs.
Maintenance Costs: With leasing and hiring, maintenance costs are usually the responsibility of the provider which can reduce operating costs

Can I use asset finance for second-hand goods?

Yes; Lenders regularly finance used commercial machinery, vehicles, plant equipment, IT hardware, catering gear and more.

When determining eligability, lenders will typically need to know more about the item's current condition, along with estimated remaining lifespan, resale value, whether the seller is a reputable source with an established history and so on. Contact our team today who will be happy to discuss in more detail.

Is asset finance the same as asset-based lending?

No, they are different forms of finance.

Via asset finance, it is normally the asset which is being funded which provides the security for the loan. In contrast, asset-based lending (ABL) - also known as "Asset refinancing" - utilises an existing asset which a company already owns, as security against funding for another purpose, such as purchasing a new piece of equipment or machinery.

Do I need Asset Finance or a Business Loan?

Asset Finance and Business Loans both have benefits that can support the operation of your business. Asset Finance is useful when you are looking to acquire funding for a tangible asset for your business, whether renovating your office, growing your business fleet, or purchasing an essential piece of equipment.

Business Loans meanwhile, can be used for any financial need. Due to their more flexible nature, and because they are often higher risk for lenders, they have higher interest rates.

What is an asset?

An asset is anything your business needs, from business vehicles and office space, to equipment and machinery. Assets are a general term, relating to the operation of your business: But aren’t anything that you sell to customers or clients. Learn more in our guide to business asset finance.

Can you get asset finance with a bad business credit score?

Yes, it is possible to get asset finance with bad credit, though it may be more challenging. Lenders consider several factors when evaluating asset finance applications, and credit history is one of them. You may have to pay higher interest rates or pay larger deposits for assets. For more favourable terms, look to improve your business credit score.

Do I own any assets that I buy with Asset Finance?

While you have exclusive use of the assets that you lease, they remain the property of Union Business Finance. With a hire purchase agreement however, you have the opportunity to buy the assets at the end of the agreement, for a small free.