Asset Finance

Asset finance is a way to purchase assets without taking out a conventional loan.

Coronavirus Business Interruption Loan Scheme – Asset Finance

If you are looking to acquire a new asset or finance an existing asset, but your business has experienced difficulties as a result of the Coronavirus pandemic, the Coronavirus Business Interruption Loan Scheme may be available to support you.

Your Group turnover must be between £3million and £45million to be eligible to apply.

Find out moreabout CBIL asset finance

Request an Asset Finance Repayment Holiday

Please download, complete electronically and email your form to AF.Moratorium@lloydsbankcf.co.uk to start your enquiry.

Download form (PDF)PDF, opens in new window 46KB

It allows you to spread payments over an agreed term and so avoid making big one-off payments for the extra machinery or equipment your business might need to grow.

Features and benefits

  • Funding for all types of assets from farm vehicles to plant and office equipment.
  • Competitive interest rates.
  • Response to funding requests within 24 hours.
  • A fast and efficient phone-based service.

Annual Investment Allowance

How can it help your business?

Show me how (PDF)Opens in new tab, 84KB

Hire Purchase

  • Straightforward financing and asset ownership.
  • Spread the asset cost over an agreed term, followed by a one-off purchase option fee which transfers ownership to you at the end of the term.

Finance Lease

  • Immediate use of new assets with minimal initial financial outlay.
  • Rental payments over an agreed term without the responsibility of ownership.
  • Flexibility of initial deposit amount and period of funding.

Assets funded include:

  • Plant & machinery
  • Cars, buses and coaches
  • Heavy/light commercial vehicles
  • Commercial vehicle trailers
  • Agricultural equipment
  • Construction equipment
  • Medical equipment

These packages can help healthcare businesses fund surgery equipment such as:

  • dental chairs
  • scanners
  • beds and hoists
  • office equipment.


These packages can help agricultural businesses fund:

  • light and heavy commercial vehicles
  • tractors
  • combine harvesters
  • commercial vehicle trailers
  • all-terrain vehicles
  • other farm equipment.

Asset Finance facilities are provided by Lloyds Bank plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278. The provision of credit or leasing services by Lloyds Bank plc is subject to your meeting their Credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford.

Making sure you get a fair deal

We want to find a product that’s right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

To find out more you can read the statement of responsibilities, which details what’s expected of us, the lender, and you, the borrower.

 

Important information

Bank of Scotland plc: Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland No.SC327000. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration no. 169628.

Asset Finance facilities are provided by Lloyds Bank plc. Lloyds Bank plc, Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England & Wales no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.

Lloyds UDT Leasing Limited, Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England & Wales no. 665240.

Lloyds Bank Asset Finance, part of Lloyds Banking Group, is a member of the Finance & Leasing Association (FLA) and complies with the FLA Business Code of Practice. Lloyds Banking Group is a member of the Lending Standards Board (LSB) and complies with the LSB Standards of Lending Practice for Business Customers (Asset Finance). Further information is available from the FLA at www.fla.org.uk and from the LSB at www.lendingstandardsboard.org.uk.

We are covered by the Financial Ombudsman Service (FOS). Please note that due to FOS eligibility criteria not all business customers will be covered.

The provision of credit or leasing services by Lloyds Bank is subject to you meeting their credit approval.  Please ensure that you only apply for credit or leasing services that you can comfortably afford.