Most applications for business equipment finance are reviewed and approved within 24 to 48 hours, making it one of the fastest financing solutions available to UK businesses. For limited companies with a solid credit history and clear equipment requirements, approvals can often be granted on the same day.

Because the equipment itself is used as collateral, this speeds up the underwriting process compared to traditional loans that require personal guarantees or property security. Whether you’re applying for a hire purchase agreement, finance lease, or operating lease, our streamlined process ensures quick turnaround so you can get your equipment operational and start generating returns as soon as possible. For time-sensitive projects, fast approval helps you stay on schedule and avoid costly delays.

Having bad credit doesn’t automatically disqualify you from securing equipment finance. We work with a wide panel of specialist asset finance lenders who understand that many businesses experience financial challenges at some point. Unlike traditional banks, our approach takes a more holistic view of your business, including current revenue, future projections, and the value of the equipment being financed.

Because the equipment acts as security for the loan, lenders may be more willing to approve funding even if your credit rating isn’t perfect. In fact, many UK companies with poor credit or limited trading history still qualify for hire purchase or equipment leasing deals. If you’re a start-up or recovering from cash flow issues, equipment finance may offer a more accessible route to growth than standard business loans.

Almost any type of tangible business equipment can be funded through equipment finance. This includes but is not limited to:

• Heavy machinery and tools for manufacturing or construction

• Commercial vehicles, vans, HGVs, and specialist fleet vehicles

• Catering and kitchen equipment for restaurants, cafes, or food service

• Medical and dental equipment

• IT systems, computers, servers, and business software

• Retail fixtures and fittings

• Green energy equipment, including solar panels and EV charging points
  

Whether you’re in construction, logistics, hospitality, healthcare, or retail, we can tailor a solution to fund the equipment you need, with leasing terms structured around your cash flow and business cycle. Our flexible options ensure that essential assets don’t delay operations or limit your business growth.

The key difference lies in ownership and flexibility:

• Hire Purchase (HP): You pay monthly instalments for an agreed term and own the equipment outright once the final payment is made (often with a nominal “Option to Purchase” fee). This is ideal if you want long-term use of the asset and eventually want it listed on your balance sheet.

• Finance Lease: You lease the equipment for a fixed period and make regular monthly payments, but ownership does not automatically transfer at the end. However, you often have the option to extend the lease, upgrade the equipment, or buy it at a fair market value. This provides greater flexibility and allows you to keep up with the latest technology without large upfront investment.
  

Both options preserve cash flow and may be eligible for tax benefits. The best route depends on your business objectives, whether you’re looking to build long-term assets or prioritise short-term agility with newer equipment.

Yes, many of our lenders offer tailored asset finance solutions specifically for start-ups and new businesses. While funding is slightly more limited without an established trading history, the good news is that the equipment itself serves as security, making approvals easier than for unsecured business loans.

Start-ups in industries like construction, hospitality, manufacturing, or transport can often access funding for essential equipment without having to wait years to build credit. You may be required to provide a larger deposit or personal guarantee, but our team will work to secure the most competitive terms possible.

Equipment finance gives start-ups the ability to get operational quickly and compete effectively, without depleting working capital or relying on expensive credit cards or overdrafts.

es, many equipment finance agreements, particularly leasing options like finance leases or operating leases, are designed with flexibility in mind, allowing you to upgrade or replace equipment during the term. This is especially useful for businesses in fast-moving industries where technology or equipment standards evolve quickly, such as construction, manufacturing, medical services, or IT.

If you choose a finance lease, you may be able to restructure your agreement partway through the term to replace the current asset with a newer model, often without starting a brand-new contract. This helps ensure your business always has access to the most efficient, up-to-date machinery or equipment, without being locked into outdated tools that could limit productivity or compliance.

In some cases, the finance provider may offer upgrade paths or equipment swap options as part of your contract, especially for high-value or specialist assets. Alternatively, you can settle the current agreement early (subject to terms) and begin a new lease for the upgraded equipment.

Our team can guide you through flexible equipment refinancing or upgrade-friendly leasing structures that support your operational needs while preserving cash flow. Whether you’re expanding, scaling, or modernising, we’ll ensure your finance solution evolves with your business.