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ASSET FINANCE

Get the gear you need with Asset Finance

From big-ticket items to specialised equipment, asset finance helps you secure everything you need to run your business - all without draining your savings.

  • Finance up to 100% of the asset cost, from £5,000 to £20 million

  • Keep your cash reserves free for day-to-day operations

  • Choose the asset finance option that best aligns with your cash flow

 Apply now

Already a Tide member? You can apply for a business loan and other finance directly within the Tide app.

Tide has joined forces with Funding Options, becoming the largest credit marketplace in the UK. 

Providing over £1 billion in funding to more than 17,000 UK businesses, we’re on a mission to help business owners grow with confidence. 

What are the benefits of Asset Finance?

Cash flow boost

Get the assets you need without the large upfront costs, helping you free up cash for day-to-day operations and investments.

Better budgeting

Financial planning is easier with fixed, consistent payments - you can forecast your expenses and manage your cash flow more effectively.

Up-to-date equipment

Access the latest gear and technology without paying outright - you’ll always have access to the equipment you need to operate and stay competitive.

Flexible solutions

One size doesn’t fit all. Choose the type of asset finance with the payment plans and terms that best suit the needs of your business.

Tax advantages

Businesses can benefit from tax relief such as capital allowances on assets, or deducting lease payments as a business expense, depending on the finance agreement.

Apply now

What can you use business Asset Finance for?

If you need a loan for a new business vehicle, an essential piece of equipment or technology that helps your business operate or grow, asset finance is the best way to get it without tying up your working capital.

Business vehicles

After a new set of wheels for your business? Whether it's a van to streamline your deliveries, a lorry to handle heavy loads, or a fleet of cars to keep your sales team on the road, business vehicle finance can make it happen.

Apply now

Machinery and equipment

If you’re in manufacturing, construction, or even hospitality, you can use an asset loan to help purchase the machinery you need - from diggers and forklifts to gym equipment and coffee machines.

Apply now

Technology and IT

Is your office in need of an upgrade? Or are you kitting out a new team? Whether you’re after laptops and servers or desks, chairs and essential software, flexible finance lets you get everything you need - all without straining your cash flow.

Apply now

Access a range of business funding options from our trusted partners

Are you eligible for an asset loan?

Being eligible for an asset loan depends on the type of asset finance you’re looking for, the amount you’re after, and the financial stability and turnover of your business.

Who’s eligible for Tide’s Asset Finance?

To be eligible for any type of business loan or credit from Tide, you must:

  • Be over 18

  • Be a UK resident

  • Have a UK-based business

  • Have a UK bank account

What do you need to apply for Asset Finance?

  • Basic information about your business, such as how old it is, and your annual revenue 

  • Information on directors and shareholders

  • Bank statements covering the past year

Depending on your business and the Asset Finance you need, the criteria may differ.

 Apply now

We've already helped businesses secure more than £1 billion

We’ve provided funding to more than 17,000 businesses across the UK, as part of our mission to help business owners grow with confidence.

How to apply for business Asset Finance

Applying for asset finance through Tide is simple - we'll find a lender tailored to your business, and we only need a few details from you.

  1. Tell us how much you need to borrow We’ll ask you how much you need, what it’s for, and for some basic information about your business.

  2. Compare loans without impacting your credit score We’ll connect you to the largest network of lenders in the UK, so you can view affordable credit options that suit the unique needs of your business.

  3. Apply in minutes Once approved, you’ll receive a quote from a lender you matched with.

  4. Get a decision and receive your credit Depending on the type of asset finance you’ve applied for, credit could be available in around 24 hours.

Apply now

Aaron MoOng Ong Buns

With the help of Tide and their team of business finance experts, I was able to navigate the complexities of business finance, and secure the necessary funds to grow my business.

What is Asset Finance?

Asset finance is a type of funding that allows businesses to spread the cost of an asset across an agreed time period.

It means you can lease equipment or other assets for that time period, or you can purchase them by paying in instalments.

Instead of making one large upfront payment, asset finance helps you maintain steady cash flow by breaking the cost down into manageable monthly payments.

What are the different types of Asset Finance?

There are many different asset finance solutions available, each one designed for different types of business.

Hire purchase

  • You pay an initial deposit, then spread the rest of the cost over monthly payments

  • Once you’ve made your last payment, the asset is yours 

  • You’re responsible for the insurance and maintenance of the asset

💡 Ideal if you want to eventually own the item but don’t want to pay everything upfront.

Finance lease

  • You make monthly payments, but you don’t own the asset

  • You’re responsible for the insurance and maintenance of the asset

  • At the end, you can pay a lower fee to keep using it, return it, or sell it on and split the earnings with the finance provider

💡 Ideal if you don’t know whether the asset is essential to your business or not.

Operating lease

  • Similar to a finance lease, but usually used for a shorter period of time

  • The finance provider is responsible for the asset’s maintenance

  • You may have the flexibility to upgrade the asset to a better model during the lease term

💡 Ideal if you only need equipment or vehicles for a set period, eg for a project.

Contract hire

  • You lease a business vehicle or fleet for a fixed monthly amount, and give it back when the contract ends

  • Maintenance and servicing are often included, so it’s hassle-free

  • You don’t have to worry about the vehicle’s resale value

💡 Ideal if want or need new vehicles without the commitment of ownership.

Apply now

Unlock the value in your existing assets

If you already own high-value business assets but are experiencing low cash flow, or require capital for a new opportunity, Asset Refinance is a powerful solution.

It allows you to use your existing assets - such as machinery, equipment, and commercial vehicles - as security for a new loan, effectively converting their equity into working capital, up to 90% of their value.

Explore Asset Refinance

Alternatives to Asset Finance for businesses

Are you looking for funding for a specific purpose? Whether you’re stacked with overdue invoices or after more flexible funding for wider projects, we have options for you.

Asset Based Loans

Turn your assets into cash whilst maintaining ownership.

Explore ABLs

Business Credit Cards

Manage cash flow, earn rewards and build your business credit score.

Explore Credit Cards

Revolving Credit Facilities (RCF)

Draw, repay and re-draw capital repeatedly over the agreed term.

Explore RCF

Invoice Finance

Unlock cash from unpaid invoices, improving immediate cash flow.

 Explore Invoice Finance

How to track your business credit score

Are you wanting to improve your business credit score?

Credit Score Insights is a simple and affordable way to help you understand, track and take action to help you boost your business credit score.

 Track your credit score

Business Finance FAQs

There are a number of eligibility checks your business will need to meet in order to secure a business loan. Typically, these are:

  • Your credit score in order to check your credit worthiness

  • The age of your business

  • Annual revenue, including net operating income

  • Potential collateral - eg do you have any assets (inventory, property, equipment, etc) to back the loan in case of default.

  • Personal debt-to-credit-ratio - some lenders perceive being in receipt of a large amount of credit at the time of applying for a business loan to be a risk

Yes, when you apply for a business loan, a credit check will usually be run with Credit Reference agencies. If you submit multiple business loan applications, then this can send negative signals that your business may be in trouble and this can in turn have a negative impact on your credit score. With Tide Business Loans, pre-eligibility checks are carried out before you apply. This can reduce the likelihood of your application being rejected and adversely affecting your credit score.

Other ways in which a business loan can influence your credit score include if you default or fail to make repayments on time. However, using credit wisely and ensuring you always pay on time will help to grow your business credit score.

The length of time it takes to approve a business loan depends on the type of funding you have applied for. Some products, such as Merchant Cash AdvanceFlexible Loans or revolving credit have a very short turnaround and the approval process can take as little as 2 business days. Other types of funding, such as Start Up Loans or Equity and Grant finance have a much longer approval process which can take several months.

Yes, when you apply for a business loan, lenders will run credit checks with the main credit agencies to verify that you can afford to repay your loan. There is a risk that making too many failed business loan applications could negatively impact your credit score. With Tide Business Loans, pre-eligibility checks are carried out before you apply to reduce the risk of your application being unsuccessful. This also means that all the available options displayed will be tailored to your business needs.

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