Fund new equipment and save 25% with tax breaks
Thanks to capital allowance tax breaks, you could deduct the full cost of qualifying equipment, machinery and vehicles from your taxable profits, saving you up to 25% on the cost of your new asset.
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
If you want to fund stock or property, please apply for a business loan using the menu at the top of the page
Asset finance up to £5 million
Terms of 1 to 7 years
Competitive rates and flexible deals
Dedicated Account Manager you can call directly
Save up to 25% with tax breaks
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.
Popular equipment funded through us:
- Industrial plant and machinery
- Forklifts, access platforms, cranes, diggers
- Machine tools, bespoke manufacturing machinery
- Printing presses and ancillary equipment
If you want to fund stock, property or working capital, please apply for a business loan
See how affordable your equipment finance loan could be
Amount must be between £25,000 and £5,000,000
* Calculations are indicative, they are dependent on the asset to be funded and credit history of the business so are intended as a guide only.
Monthly repayment
£1,013
Show breakdown
- Equipment Finance amount
- £50,000
- Administration fee
- £295
- Interest
- £10,461
- Total amount payable
- £60,756
To get your no-obligation quotes, complete our simple online form today
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 140,000 businesses borrow over £15 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.
How it works
Complete our simple online form and an Account Manager will contact you to review your options, find the right deals and put you in the best position to get approved.
1
Apply online in 7 minutes
Complete our simple form – it won’t impact your credit score if you're an LLP or Limited Business. Sole Traders and small partnerships not eligible
2
We find the right deals for you
An Account Manager will call you to discuss your options and the suitable terms on offer
3
Complete your application with chosen provider
Your Account Manager will finalise your application, with decisions usually within 1-2 days
4
Get funding for your asset
If approved, you’ll get a quick payout so you can fund your assets straightaway
Hackney Brewery
BREWERY
BASED IN LONDON
"Pete from Hackney Brewery was able to increase his ale production after taking £30,000 to finance an asset — a brand new fermenter."
Frequently asked questions
To be eligible to apply for asset finance through Funding Circle your business needs to:
- Be based in the UK
- Be a limited company or LLP
Have at least 1 year of trading history
- Have an annual turnover of at least £50,000
If you’re not a limited company or LLP, you can still apply for a business loan
We’ll help you finance all types of equipment, vehicles and machinery. Some of the most popular are:
- Equipment - Manufacturing, Production, Engineering, Agricultural, Forestry, Waste and Recycling, Materials Handling
- Plant and Construction - Industrial Plant & Machinery, Road Plant (Forklifts, Access Platforms, Cranes & Pavers, Diggers)
- Transportation - Heavy Commercial Vehicles & Trailers, Cars and Light Commercial Vehicles (including Business Fleets and Car and Van Rentals), Buses & Coaches
- Machinery - Machine tools (metal engineering and plastic production), Bespoke Manufacturing Machinery, Packaging and Other Production
- Green Energy - Solar panels, Biomass generators, Wind turbines, Heat Pumps, LED lighting, Battery Storage
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 loa
Depending on your needs, our panel of trusted asset finance providers could help you take out a range of different products, including:
- Hire purchase — Allows you to pay for an asset in instalments over a set period, typically at a fixed interest rate, and own it at the end of the term. Your repayments will cover both the original cost of the asset and interest.
- Finance lease — Allows you to lease a piece of equipment and use it over a period of time. Your finance provider will hold ownership of the asset, but you’ll receive exclusive use of it. Payments will cover the original cost of the asset and interest. At the end of the term, you can either renew your lease, or return the asset to the provider.
- Asset refinance — Allows you to raise capital using your existing assets as security. This means you can borrow a lump sum, then make monthly repayments over a fixed term to pay it back. Any assets you put up as security will need to be owned by the business outright.
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.
Electric and emission-free vehicles are also eligible for 100% tax relief. Find out more.
Please note, tax relief depends on your business type and the asset you want to finance. More information can be found at gov.uk/capital-allowances. If you are unsure please speak to an accountant or tax advisor. Funding Circle does not provide financial, legal or tax advice.