Flexible Asset Finance to Help Your Business Grow
Spread the cost of equipment, vehicles, or machinery — or access cash from assets you already own. Whether you’re looking for asset finance to acquire essential tools or want to find the right equipment finance options, we’re here to provide clear guidance and connect you with the right lenders.
Fast decisions. No obligation.
What Is Asset Finance?
Asset finance is a way for businesses to obtain the assets they need to operate and grow without paying a large upfront cost. Instead of purchasing outright, you can choose to either pay for the use of the asset over a period of time or gradually work towards ownership. This approach, which includes options like hire purchase and lease finance, allows you to acquire essential items like commercial vehicles, manufacturing machinery, or office technology in a more manageable way. Our asset finance options helps UK businesses invest in their future without relying on their immediate cash flow.
Business Loans
Healthcare Sector
.jpg)
Unsecured Finance
Our Solutions
What Can You Finance?
Asset finance can be used for a wide variety of business assets.
Commercial vehicles - vans, HGVs, lorries, buses, and fleet vehicles.
Construction machinery - excavators, diggers, cranes, bulldozers, and road rollers.
Office equipment and IT - computers, servers, software, printers, and phone systems.
Manufacturing machinery - lathes, milling machines, robotics, and packaging equipment.
Agricultural tools & tractors - tractors, combine harvesters, ploughs, and sprayers.
Creative/AV equipment - cameras, lighting, sound systems, and editing suites.
If you’re unsure whether your specific asset qualifies for finance, please get in touch with our team.
Who Is It For?
Invoice finance can be helpful for a wide range of UK-based SMEs, particularly those that:
Issue invoices to other businesses (B2B) with payment terms of 30, 60, 90 days or more.
Are experiencing rapid growth and need capital to support increased sales.
Operate in seasonal industries with fluctuating cash flow.
Are looking for a flexible funding solution that scales with their turnover.
Common sectors that benefit from invoice finance include:
Logistics and transportation
Manufacturing companies
Recruitment agencies
Recruitment agencies
Wholesale and distribution
If you’re facing challenges with delayed customer payments and need to improve business cash flow, invoice finance offers a practical way to keep your business running and afloat.
Who Can Apply?
To apply for a business loan through Lewis Hullin, you generally need to meet the following criteria:
Your business is based in the UK.
You operate as a sole trader, limited company (Ltd), or limited liability partnership (LLP).
Your business has been trading for at least 6 months, or you are
a startup with strong financial forecasts.
You have an acceptable credit history (we may help even with
less-than-perfect credit).
.png)
Common Loan Uses
A SME loan can help your business thrive. Here are some common ways our clients use funding:
Bridge gaps in income.
Purchase stock and inventory to meet customer demand.
Expand staff numbers to support growth.
Open new locations, enter new markets, or scale up.
Invest in essential machinery, technology, or vehicles.
How It Works
You issue an invoice
Once you’ve provided goods or services to your B2B customer, you send them an invoice as usual.
.png)
A lender advances you funds:
You submit a copy of the invoice to the invoice finance provider. They will then advance you a significant percentage (typically 80-95%) of the invoice value within 24-48 hours.
.png)
Your customer pays the lender (or you, depending on the type
Invoice factoring - your customer pays the finance provider directly.
Invoice discounting - your customer pays you, and you then forward the funds to the finance provider.
.png)
You receive the remaining balance (minus fees)
You receive the remaining balance (minus fees) and once the invoice is paid, the lender will release the remaining balance to you, minus their agreed fees for the service.
Types of Asset Finance
.png)
Hire Purchase
Hire the asset over a set period, making regular payments. Once all payments have been made, you own the asset outright. This is a good option if you want to build
equity in the asset.
.png)
Finance Lease
Allows you to use the asset for the majority of its useful life by paying regular rental payments. You don’t own the asset at the end of the agreement, but you may have the option to extend the lease or sell the asset.
.png)
Operating Lease
Typically a shorter-term agreement for the use of an asset. The rental payments are usually lower than with a finance lease, and the asset is returned to the finance company at the end
of the term.
.png)
Asset Refinance
If you already own assets outright, refinance allows you to release the capital tied up in them. You essentially sell the asset to a finance company and then lease it back.
Invoice Finance vs Other Funding Options
Feature | Invoice Finance | Business Loan | Overdraft |
|---|---|---|---|
Factoring involves the finance provider managing your existing sales forecast and credit control, while discounting allows you to maintain this control. Factoring can free up more of your time but may not be suitable if you prefer to manage customer relationships directly. Discounting offers confidentiality but requires you to have a robust credit control system.
Benefits of Asset Finance
Asset finance lets you access equipment or vehicles with minimal upfront cost, keeping your cash flow strong.
.png)
Avoid large upfront payments and spread the cost of essential assets over manageable instalments.
Budget more effectively with predictable, regular payments.
.png)
Many equipment finance agreements offer fixed interest rates, making budgeting easier.
.png)
Acquire the latest technology and machinery without waiting to save for the full purchase price.
.png)
Depending on the type of asset finance, payments may be tax-deductible.
.png)
Agreements can often be suited to your business’s cash flow and seasonal variations.
Why Choose Lewis Hullin?
When you’re looking for SME business finance, you need a partner you can trust. Here's why UK businesses choose Lewis Hullin:
.png)
Independent & FCA-Registered
Regulated and trustworthy financial
services
Panel of 25+ UK Lenders
Access to extensive lending network
Transparent Advice
Jargon-free, clear communication
.png)
Quick Decisions
24–72 hours response time
.png)
5-Star Service
Excellent testimonials and reviews
.png)
Personal Support
Dedicated relationship management
Who Is It For?
Asset finance is a valuable solution for a wide range of UK SMEs, including businesses that need commercial vehicles, equipment finance, or machinery; companies looking to avoid significant one-off capital outlays that could impact their working capital, and businesses that want to refinance business assets for other investments or operational needs.
Sectors that frequently benefit from machinery and vehicle finance include construction, logistics, agriculture, engineering, manufacturing, and the creative industries.
Why Choose Lewis Hullin?
We work with a network of reputable lenders to find the most competitive terms for your specific needs and our experienced team will explain the different types of asset finance clearly, ensuring you understand all your options.
We are FCA-registered and help you get the machinery and vehicle finance you need quickly with a simple, personalised service from start to finish.
Frequently Asked Questions
You can typically finance a wide range of business assets, including vehicles, machinery, equipment, IT hardware, and even some software. If you have a specific asset in mind, get in touch, and we can confirm your options.
While a good credit history is generally preferred, options may still be available for businesses with less-than-perfect credit. The terms and conditions may vary, so it's worth discussing your situation with us.
With asset refinance, you sell an asset your business already owns to a finance company and then lease it back. This allows you to access a lump sum of cash while still being able to use the asset.
It depends on your specific needs. Asset finance is specifically for acquiring or leveraging assets, often with tax benefits and flexible structures tied to the asset’s lifespan. A business loan provides more general working capital that can be used for various purposes.
With hire purchase, you will own the asset once all payments are completed. With a finance lease or operating lease, you typically don't automatically own the asset at the end of the term, although options to extend or purchase may be available.
What Our Clients Say
.png)
James Mitchell
Manufacturing Ltd
"Lewis Hullin helped us secure £150,000 to expand our operations. The process was smooth and professional."