Asset Finance

Your business needs equipment. We’ll help you get it without the wait.

Free up cash. Fund your next move.

Need new equipment but can’t afford the upfront cost? Asset finance lets you get the vehicles, machinery, or equipment your business needs today while spreading payments over time. Finance up to 90% of the purchase price and keep your working capital free for running the business.

The equipment pays for itself while you pay for the equipment. Instead of waiting months to save up or draining your cash reserves, you can start earning from day one. We’ll match you with the right lender from our network of 50+ specialists, using market-leading risk technology to get you a decision faster.

What is asset finance?

Asset finance is a way for businesses to fund new equipment or unlock cash tied up in existing assets. Instead of paying the full cost upfront, you spread payments over time – keeping your cashflow healthy while the asset supports your business.

There are a few types of asset finance:

  • Hire purchase: Own the asset at the end of the term.
  • Finance leasing: Use the asset for a fixed period without buying it.
  • Refinancing: Release value from assets you already own.

From construction firms buying excavators to restaurants upgrading kitchen equipment, asset finance works when you need the kit but want to keep your cash free.

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Why choose asset finance for your business?

Asset finance keeps your cash flow healthy while you grow. Instead of tying up £30,000 in a new van or £100,000 in machinery, you preserve working capital for payroll, stock, and unexpected costs. The equipment earns money from day one while you spread the payments.

It’s not just for big corporations. Retailers investing in seasonal stock, construction firms financing their first excavator, tech startups leasing office equipment – asset finance scales with businesses of every size.

Learn more about what asset finance is and how it works in our latest guide.

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How to apply for asset finance 

Getting asset finance is straightforward. Tell us what equipment you need and we’ll match you with lenders who specialise in your industry. They’ll assess the asset value, check your business profile, and provide funding – often within 48 hours for straightforward applications.

No lengthy valuations or complex legal checks. Unlike property-backed loans, equipment finance moves fast because the asset value is clear. As a specialist asset finance company, Greenwood Capital works with trusted UK lenders who understand everything from vehicle fleets to industrial machinery.

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Walter
TrustPilot Review
Greenwood Capital were excellent. Steve went above and beyond to make sure we got the best deal, handling every challenge with professionalism and care. The funds arrived on time and I’d happily recommend the team to any organisation.
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Frequently asked questions

We’ve answered some of the most common questions below, from how quickly we can fund to what kind of businesses we support.

  • What are the different types of asset finance?

    The main types of asset finance are hire purchase, finance leasing, asset refinancing, and equipment loans. Hire Purchase - You own the asset at the end of the term after making fixed monthly payments. Popular for vehicles and machinery. Finance Leasing - Use equipment for a set period without owning it. Lower monthly payments with option to upgrade at the end. Asset Refinancing - Release cash from equipment you already own by borrowing against its value. Equipment Loans - Get upfront funding to buy assets, with the equipment as security for competitive rates. Each suits different needs: hire purchase for ownership, leasing for flexibility, refinancing for cash flow, and equipment loans for immediate purchases.

  • What is the difference between asset finance and term loan?

    The main difference is that asset finance specifically funds equipment purchases, while term loans provide general business funding for any purpose. Asset finance uses the equipment you're buying as security, letting you finance up to 90% of the asset value at competitive rates. The machinery or vehicle itself acts as collateral for the lender. Term loans offer flexible funding for working capital, expansion, or any business need. They can be secured against existing assets or completely unsecured, with rates varying based on what security you provide. Asset finance suits specific equipment needs, while term loans work better when you need flexible funding for general business purposes.

  • Does applying for asset finance affect my credit score?

    Checking your eligibility for asset finance won't affect your credit score if the lender uses a soft credit search. However, a full application typically involves a hard credit check, which may temporarily impact your credit score. At Greenwood Capital, you can check your asset finance options with no impact on your credit score during the initial eligibility check. We only use soft searches to match you with suitable lenders, so you can explore your options risk-free.

Take the next step.

Don’t let upfront costs stop you from growing your business. Our asset finance specialists work with trusted UK lenders to get you the equipment you need, fast. Complete the quick form above to see what’s possible for your business.

Apply now