Asset finance for business equipment
In partnership with Propel(1), we offer easy and affordable financing for critical assets like vehicles, equipment, and machinery - helping you grow with confidence.
How can this help your business?
Why asset finance makes it easier to invest in the tools your business needs to thrive.
Grow your business
Get the vehicles, equipment, or machinery you need now, with finance that can cover up to 100% of the cost.
Free up cash
Release cash tied up in your current assets to invest in your business, giving you the flexibility to expand, upgrade or innovate.
Choose a plan that suits you
Borrow from £5,000 to £2 million for 1 to 7 years, with the option to own the asset at the end of the term.
Upgrade to green assets
Financing eligible green assets(2) could help your business take steps towards lower emissions and improved energy performance.
About Propel
We’ve partnered with Propel, one of the UK’s leading asset finance providers. With over 30 years of experience, they've helped over 50,000 satisfied UK businesses and could support you with market-leading asset finance solutions for essential equipment and vehicles to drive your business growth.
What is asset finance?
Asset finance is a simple way to fund business-critical assets. Instead of paying upfront, you spread the cost through regular monthly repayments, using a hire purchase arrangement. You can also release cash from assets you already own, giving your business more working capital to work with.
Is asset finance right for you?
You can apply for flexible asset financing options if:
- Your business is based in the UK
- You have been trading for over 2 years
- Your business is a limited company, public limited company, sole trader, partnership or limited liability partnership
- Your business has a positive cash balance.
What assets can you finance?
You could fund a wide range of assets from vehicles, equipment and machinery, green assets and much more.
Examples of assets you could finance
- Agricultural machinery
- CNC and woodworking machinery
- Construction equipment
- Medical equipment
- Retail and wholesale fittings
- Printing presses.
See more in our asset finance guide [PDF, 927KB]
Support your sustainability goals
Invest in new or used electric vehicles, from cars to lorries and forklifts - as well as solar panels, battery storage(3), LED lighting, EV chargers and more.
All available through a simple hire purchase agreement with Propel, to spread costs and keep cash flow under control. Talk to Propel about your plans, they’ll confirm your eligibility and help you apply.
- Read our electric vehicle factsheet [PDF, 2.1MB].
- See the full list of eligible assets in Propel’s green asset finance factsheet [PDF, 4.1 MB]
Apply for asset finance
Get the right finance for your business by speaking directly with Propel. Their team will guide you through the process, check eligibility, and help you find the right finance option for your business.
Already bank with us
If you have a business account, log in to our app(4) or Online Banking and go to ‘Products and Services’. Answer a few questions and we’ll generate a list for you to consider.
Connect with an expert
Request a call from Propel to get more information about asset finance and apply with them directly. You can choose a time for your call that’s convenient for you.
You may also be interested in
All business borrowing
Find the right finance to start, grow, or support your business.
- Browse our full range of borrowing options
- Tailored solutions for businesses of all sizes
- Request a callback from a Business Relationship Manager to get started.
Overdrafts for everyday cashflow
An arranged business overdraft lets you borrow cash if you’re facing a short-term cashflow issue(5).
- Borrow up to £50,000 online
- One monthly fee for the facility
- Interest is charged daily on the amount borrowed.
Mortgages for commercial properties
Buy a new building or release equity from your existing one with a commercial mortgage(6).
- Borrow from £25,000
- Buy new premises or release equity from current buildings
- Fixed and variable deals from 1 to 25 years.
Loans for large purchase or investments
Spread the cost of a major purchase over a set period(7) with unsecured borrowing.
- Borrow up to £100,000 online
- Fixed or variable interest rates
- Repay monthly over 1 to 10 years
Important information
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Barclays Bank UK PLC is a credit broker, not a lender. Propel acts as the lender. Finance is subject to application, financial circumstances and borrowing history. T&Cs apply. Propel Finance PLC is registered in Wales, Company no 04015132. Propel Finance No. 1 Limited is registered in Wales, Company no 10003271. Registered offices are at Unit 5, Langstone Business Village, Langstone Park, Newport, NP18 2LH. See full terms and conditions.(Return to reference)
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Subject to status and eligibility. T&Cs apply. For more details, contact Propel and read their green asset finance factsheet [PDF, 4.1 MB](Return to reference)
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Battery storage may only be acquired with solar PV panels as part of the same hire-purchase agreement.(Return to reference)
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You need to be 18 or over to access this product or service using the app. T&Cs apply.(Return to reference)
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Business overdrafts are subject to application and status. Financial information may be required to support your application for a new or renewed overdraft. We offer a fair appeal process should you feel we've not taken all your circumstances into consideration.(Return to reference)
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Subject to application, financial circumstances and borrowing history. Security may be required. We offer a fair appeal process should you feel we've not taken all your circumstances into consideration. T&Cs apply. 18+.(Return to reference)
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Not available for all industries and subject to application, financial circumstances and borrowing history. T&Cs apply.(Return to reference)