Providing your workforce with the assets they need to succeed

Asset and equipment finance falls under two categories, hard and soft assets. We explain the differences below:

Hard assets

Hard assets are high-value items, often types of machinery and vehicles required to keep your business moving. These are long-term assets that can retain their value for many years.

Soft assets

Soft assets are lower-value items that help staff perform their jobs and provide a productive working environment, such as furniture, IT and security equipment, telecoms and sector-specific tools.

Learn more Learn more about what assets Millbrook can finance - arrow icon
Asset and equipment finance solutions - Construction site

What is asset and equipment finance?

Asset finance is a type of financing that enables businesses to acquire the equipment, machinery and other assets they need to operate, without having to pay the full purchase price upfront.

Apply for asset and equipment finance - tick iconSecure your funding

Providing your workforce with the assets they need to succeed

Asset and equipment finance falls under two categories, hard and soft assets. We explain the differences below:

Hard assets

Hard assets are high-value items, often types of machinery and vehicles required to keep your business moving. These are long-term assets that can retain their value for many years.

Soft assets

Soft assets are lower-value items that help staff perform their jobs and provide a productive working environment, such as furniture, IT and security equipment, telecoms and sector-specific tools.

Learn more Learn more about what assets Millbrook can finance - arrow icon

How can asset finance help your business?

Our asset finance loans help you procure essential assets without a big upfront cost, giving your teams the tools they need and keeping you up with the latest technology.

From hire and lease purchases to refinancing solutions, our team of lending experts will work with you to secure finance that helps you achieve your goals and stimulate future growth, whatever sector you're in.

Learn more in our blog: What to Consider When Comparing Asset Finance Loans?

Blog Read Millbrook's blog - arrow icon
Get funding for your business Apply for asset and equipment finance - arrow icon

Protect your working captial

Monthly manageable payments, instead of a large upfront cost for the equipment or machinery.

Buy what you need now

Access funding to purchase the equipment you need to operate and grow your business without waiting or delays.

Fixed payments

Asset finance loans include fixed monthly payments, providing businesses with predictable expenses and the ability to plan cash flow effectively.

Tailored to your needs

Enjoy flexible financing options, including varying repayment terms, interest rates and financing periods to fit your requirements.

Upgraded technology

Upgrading equipment can be expensive. Asset finance allows you to stay up-to-date with the latest technology by providing quick access to funds.

Competitive advantage

Access to the latest tools and technology can give you an advantage over your competitors that may still be using outdated equipment.

m-logo-trans

What types of asset finance are there?

 

There are two types of asset finance but it's not always easy to know which is the most suitable for your business. We compare the different types to help you decide the one that best fits your needs.

Hire purchase

A hire purchase is designed to help businesses to expand and operate efficiently, providing flexible ways to buy new equipment without large upfront costs.

white-checkmark

Doesn't disrupt cash flow

white-checkmark

Increases affordability of assets

white-checkmark

Competitive interest rates

white-checkmark

Own the asset after final instalment

VAT paid upfront or deferred for up to 3 months

white-checkmark

Repayment terms 1 – 7 years

white-checkmark

Balloon payments available

Lease finance

In a lease arrangement, you have sole use of the asset but it belongs to the lender for an agreed duration, in which you make monthly instalments.

white-checkmark

Option to purchase item at the end of the term

white-checkmark

Can access higher specification machinery

white-checkmark

Pay instalments rather than large upfront costs

white-checkmark

Flexible repayment terms

VAT paid on monthly instalments

white-checkmark

Repayments are 100% tax deductible

white-checkmark

No deposit options available

Helping businesses like yours

 

We understand building a successful business can take years of dedication, be a lifelong dream or require a lightbulb moment to make it a reality. We focus on your finance, so you can make the magic happen.

Making new business dreams come true

Helping a young entrepreneur to achieve his dream of setting up his first franchise restaurant.

white tick icon Secured £220k funding for a full restaurant fit-out
white tick icon Restaurant opened on time and serving customers
white tick icon Successfully found a lender despite being turned down elsewhere

MOHAMMED

Franchise Owner

quote-green Trustpilot logo

Millbrook went above and beyond on all fronts, and now my dream business has become a reality! Always available to discuss anything and have done their utmost to help achieve the goals set out to help launch my business.

MOHAMMED

Franchise Owner

Mohammed - Franchise Owner

Expanding a plant hire business' product offering

A plant hire business wanted to invest in additional construction equipment to keep up with customer demand.

white-check £55k secured through hire purchase
white-check Scaffolding equipment, generators and modular buildings acquired
white-check Deal completed in 48 hours with a low interest rate

JUSTIN AMOS

Managing Director

quote-green Trustpilot logo

With our assistance, this plant hire business has been able to expand its offering, meet customer expectations and stay ahead of industry competitors - all thanks to a low-interest rate hire purchase agreement that was secured within 48 hours!

JUSTIN AMOS

Managing Director

Justin Amos - Managing Director at Millbrook

£30k to fund an arcade refresh

A family run business needed to raise £30k to pay for in-demand arcade games to entertain guests during their stay.

white tick icon Successfully funded challenging equipment to place
white tick icon Achieved record summer profits
white tick icon Found a deal despite existing debt

CASEY BOTTERILL

Senior Business Finance Specialist

quote-green Trustpilot logo

With the summer months on the way, my client wanted to refresh their amusement arcade to boost their entertainment offering to their customers. Through Millbrook's extensive lending network, I was able to secure funding on even hard to fund equipment.

CASEY BOTTERILL

Senior Business Finance Specialist

Casey Botterill - Senior Business Finance Specialist at Millbrook

Securing asset finance for a manufacturer to operate like a well-oiled machine

We helped a manufacturer secure asset finance for two much-needed resin dispensing machines to improve their operations.

white tick icon Found a lender which offered payment in advance
white tick icon Competitive interest rates
white tick icon Client has since returned for further finance needs

PHILIP BOOTH

Business Finance Specialist

quote-green Trustpilot logo

Helping clients to secure the machinery and equipment they need to operate is what we do best. We always look for the most competitive rate and work to find a finance solution to achieve your objectives.

PHILIP BOOTH

Business Finance Specialist

Philip Booth - Business Finance Specialist at Millbrook

Finding a home for even the most hard to fit deals

This new start gym had struggled to find funding with multiple lenders, casting doubt on their business dreams.

white-tick-icon £35k arranged through new start asset finance
white-tick-icon Funding for 32 pieces of state-of-the-art gym equipment, including a Smith Machine and leg, chest and shoulder press machines.

RAY MCAULEY

Senior Business Finance Specialist

quote-green Trustpilot logo

We specialise in hard to fit deals, so even if you've been turned down elsewhere, it doesn't have to be the end of line for your business dreams.

RAY MCAULEY

Senior Business Finance Specialist

Ray McAuley - Senior Business Finance Specialist at Millbrook

Why Millbrook Business Finance is different

 

Whatever your company needs, Millbrook can provide fast and affordable finance solutions that enable you to procure key assets and equipment to meet your business requirements and cater to industry demands.

Access to asset finance icon

Finance for any assets
or equipment

Interest rates icon

Competitive
interest rates

Flexible repayments icon

Flexible repayment
terms up to 7 years

Quick and easy finance application process icon

Quick and easy
application process

Fund assets from £25k to £25m icon

Fund assets from
£25k up to £25m

Any sector funding icon

We can support
any sector

Apply now for business asset finance

 

Ready to apply for asset and equipment finance? Enhance your productivity and futureproof your business with Millbrook's solutions.

Start your application for asset finance - tick icon Start your application

Need a different business finance solution?

Millbrook offers more than just asset finance. We have extensive and flexible business financing options to meet any funding need. Browse our other finance products or head to our solutions overview page.

Business Loans

Get fast unsecured and secured business loans from £25k–£25m.

check-dark-green For any business purpose
check-dark-green Up to 10 years repayment terms
check-dark-green Funding approved within 8 hours
Learn more

Recovery Loan Scheme

Recover from the pandemic with this government-backed initiative.

check-dark-green 70% government backed
check-dark-green Up to £2m per business
check-dark-green Available in addition to CBILs & BBLs
Learn more

ASSET & EQUIPMENT FINANCE

Support your business growth without impacting your cash flow.

check-dark-green Purchase any asset
check-dark-green Simple application process
check-dark-green Repayment terms up to 7 years
Learn more

VEHICLE FINANCE

Fund any vehicle purchases, from vans and lorries to supercars.

check-dark-green Flexible deposits available
check-dark-green Tailored balloon payments
check-dark-green Hire purchase, lease or refinance
Learn more

REFINANCE

Release cash equity from equipment or obtain better terms on existing finance agreements.

check-dark-green Release cash from your equipment
check-dark-green Obtain improved finance terms
check-dark-green Great for debt consolidation
Learn more

MERCHANT CASH ADVANCE

Quickly raise working capital against your company's card sales.

check-dark-green No interest rate or fixed repayments
check-dark-green Borrow up to double your monthly card sales
check-dark-green 90% approval rate
Learn more

COMMERCIAL PROPERTY FINANCE

Get quick access to property-related finance.

check-dark-green Repayment up to 30 years
check-dark-green Interest-only products available
check-dark-green 80% LTV or 100% with security
Learn more

INVOICE FINANCE

Unlock funds tied up in outstanding invoices.

check-dark-green Up to 90% of invoices’ value
check-dark-green Your facility grows with you
check-dark-green Fast and simple to release cash
Learn more

Need help choosing the right finance solution for your business?

Business finance can be complicated. To help you make sense of the options available, we've created this handy interactive Business Finance Checklist.

Download now Download Millbrook's Business Finance Checklist - arrow icon
checklist-mockup-small

Looking for business boosting content?

 

Explore the latest financial news, opinions and insights from our industry experts and thought leaders.

Business Finance Success Stories

Navigating Cash Flow Challenges with A Merchant Cash Advance for the Hospitality Sector

Faced with tough economic challenges and less-than-favourable debt terms, the owner of a family-run pub sought the help of Millbrook Business Finance to turn his...

Business Finance Success Stories

Helping a Wine Tech Business to Toast More Sales with Partner and Vendor Finance Solutions

After numerous finance inquiries from customers, a leading wine dispensary business realised that its lack of finance options created quite a gap in its service...

Business Finance Success Stories

Brewing Success for a Microbrewery with Tailored Marketing Finance

When an award-winning microbrewery was presented with a once-in-a-lifetime sponsorship opportunity, it was a race against the clock to secure the marketing finance...

Business Finance Success Stories

Acquisition Growth in the Nursery Industry with Strategic Business Finance

When an opportunity for expansion came up, a local nursery school company owner needed to secure business acquisition financing, quickly. With the help of Millbrook...

Business Finance Success Stories

Navigating Uncertainty and Thriving with Business Loans for Cash Flow Stability

Facing financial concerns as a result of seasonality and extraneous circumstances, a leading technology infrastructure provider needed to secure a business loan for cash...

Business Finance Success Stories

Fuelling a Wholesaler's Growth with Tailored Business Financing

Looking to secure funding for a new year of growth, an expanding food wholesale business approached Millbrook Business Finance for help. With a thorough understanding of...