Compare Asset Finance to Help Your Business

Purchase Equipment
Purchase Machinery
Purchase Vehicles

It takes minutes to apply, there’s no effect on your credit score, and you can obtain decisions within 24 hours.

How much do you want to borrow?


Compare Asset Finance

It takes minutes to apply, there’s no effect on your credit score, and you can obtain decisions within 24 hours.

How much do you want to borrow?


Compare Asset Finance

Loans from £10,001 – £1m
HP, Lease and Refinance

Decisions within 48 hours

Interest Rates from 5% per annum

Our lending partners

Asset Finance Loans

If you need to purchase new equipment or assets but don’t want to impede your cash flow or don’t have the immediate capital available to fund such a purchase, an asset finance agreement could be the solution you’re looking for. Learn more about how asset finance could help you invest in your business without compromising your cash flow, and compare rates from top asset finance lenders with Aurora Capital.

What is Asset Finance?

Asset finance uses business assets as a way to secure finance to help established companies to fund big projects or cover a surge in growth. Asset finance relates to loans that are granted based on the value of the assets offered as security by a business.

This type of funding usually uses assets such as equipment and machinery to secure the loan, but ‘soft assets’ such as medical equipment or IT software can also be used. The amount of money a business can borrow will be assessed on affordability and asset type.

For example, if you run a printing business and want to scale up operations by purchasing a new printer, but you don’t have the money immediately available to make the purchase, you can take out an asset finance agreement to purchase the kit.

Why choose asset funding?

Asset finance allows SMEs to acquire much needed capital to help expand and grow the business without affecting cash flow. Asset finance also allows companies to release much needed capital from already-owned equipment or machinery.

There are several reasons why this type of borrowing can be beneficial, with the fact it provides fast access to funds at the top of the list. Due to the fact the loan is secured against collateral, you have a higher chance of your application being approved if you have assets to secure the loan against, and this can really speed up the process. If you need to invest in new equipment quickly or if you need a cash injection rapidly, asset finance is an efficient method.

Another reason to choose asset finance is that it can often work out to be a cheaper form of business finance overall. Asset finance rates are fixed which makes monthly payments predictable and more affordable in the long-run, allowing you to aid your cash flow and keep things ticking over smoothly.

Key features of asset finance

  • Suitability: Businesses looking to purchase any asset without the need for upfront capital. We can also look into refinancing any existing assets.
  • Purpose: Used to either lease or purchase an asset.
  • Amount: Loans ranging from £1k – £2m, subject to the type of asset and affordability.
  • Term: Up to 7 years, depending on the type of asset and credit worthiness of the business.
  • Cost: Variable, depending on the asset.
  • Security: The asset will be secured until a full repayment has been made. Some lenders may also ask for a personal guarantee.
  • Speed: Applications can be processed within 24 hours from receiving a full proposal.

How asset finance works: What can you finance?

There are two types of assets that a business can finance: hard and soft assets. An important factor to consider when it comes to deciding whether an asset is hard or soft is its resale value. Hard assets still have value if they are used, whereas soft assets typically have a low resale value.

  • Hard assets: These are typically machines such as agricultural machinery, vehicles, or manufacturing equipment.
  • Soft assets: These assets can be catering equipment, gymnasium equipment, medical equipment, or IT software.

While we can finance all sorts of assets for almost any business, most lenders will have a preference over what they can finance.

Asset finance products

The asset finance product you choose for your business will depend on whether you are looking to own, rent or release cash tied up in already owned assets. We can help you make the right decision.

Hire Purchase

Spread the cost of purchasing an asset over a set amount of time. Once you’ve paid the lender in full, the asset is yours to keep.

Equipment Leasing

Lenders buy the asset and you pay a monthly fee to rent it. At the end of the agreed term, you can extend the lease, pay the remaining balance to buy it, upgrade to a new model or return the asset back to the lender.

Asset Refinance

Release cash into your business using your existing assets. Can be used to consolidate debt or provide security when structuring a deal. Lenders will typically lend up to 80% of your asset’s value.

Asset funding eligibility: Who is asset finance for?

Asset finance is generally a short-term funding solution for businesses who either need to purchase some equipment or machinery or that wish to release cash by using existing assets.

As with most types of borrowing, the better your credit history is, the better your chances of acceptance are, especially if you want to go down the hire purchase route. Lenders will generally be looking to see if you can afford the repayments laid out in your terms, as well as what the risk of lending to you is.

Most businesses with a turnover exceeding £10,000 will be able to apply for asset finance, but if you’re unsure which option best suits your needs, don’t hesitate to contact our team.

Asset Finance Solutions with Aurora Capital

We’ve spent years building up solid relationships with trusted lenders, putting you in a comfortable position when it comes to applying for asset finance for your business. As we’ve spent time getting to know our lenders, we’ll also be able to help you get competitive rates.

Asset Finance: FAQs

How long can my business finance an asset for?

Asset finance is usually provided for anywhere between 1-7 years. The asset finance company recoups the purchase cost of the asset over the agreed period, plus interest. The length of time the finance is provided for also depends on how long the asset is going to be ‘usable’ for, as well as how quickly the lender wants the money back. As a business borrower, you’ll have to show that your business can afford to make the agreed payments.

How much can my business borrow?

The amount you can borrow will depend on your business and time you have been trading. However, as a general rule, we finance equipment with a value of £1k upwards. The amount you are able to borrow will also depend on what type of asset you are trying to finance or refinance.

Can I refinance equipment or machinery that my business already owns?

Yes you can, however there are certain criteria surrounding the age and condition of equipment that we will refinance. This can include the type of equipment and the date that you purchased it.

What is lease finance?

Lease finance is a way of renting an asset over a certain period of time. With this type of finance, you will never own the asset, and you will have to return it at the end of the term. Lease finance allows businesses to keep up with new technologies without the need to sell at the end of the term.

What type of businesses do you lend to?

We lend to all types of businesses. Whether you’ve been established for decades or months, we can provide asset finance for businesses of all sizes, in all sectors. Industrial sector businesses such as those in plant, packaging, printing, processing, agriculture, construction, and technology can all make use of asset financing and are among the most common types of businesses to apply.

What is hire purchase?

Hire purchase is a straightforward way of purchasing an asset and spreading the cost over time with affordable monthly repayments. You will be responsible for the maintenance and associated costs, as you will have full ownership of the asset once your finance term ends.

How do I find a business asset funding lender?

As funding specialists, Aurora Capital provides SMEs with business loans that are suited directly to their needs. Over the years we have built up relationships with multiple lenders who can provide fast and flexible business funding, meaning we can offer a wide array of business loan types with numerous benefits and competitive rates.

Finding the right funding is often a long-winded process, with plenty of variables to consider from all the different providers. Our finance experts can help, providing you with a list of the best deals and rates.

Securing business funding: How it works

We understand that timing is key when you’re looking to find funding options for your business,
so our process is as quick and as streamlined as possible.

Apply online in minutes

We cater to any sized business, so to apply for business funding, we only need you to share basic information about your company. Your application will take a few minutes, and our experts are always happy to assist with any questions you have about specific loan types or alternative finance options.

Get matched in hours

Our LendTech technology will compare our trusted panel of lenders and match you with your most suitable finance option. Each business funding option is different, and we’ll help to make sure you’re fully clued up on the terms and conditions as well as indicative repayment details.

Get funded in days

One of our funding specialists will discuss the available options with you and guide you through the process from application to approval. Once approved, the funds can be deposited in a matter of hours.

We cover a multitude of finance options.

Aurora Capital is here to help. Navigate our range of alternative funding options to find out more.

We cover a multitude
of finance options.

Aurora Capital is here to help. Navigate our range of alternative funding options to find out more.





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