ASSET FINANCE
Get the gear you need with Asset Finance
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
What can you use business Asset Finance for?
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.
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.
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.
Access a range of business funding options from our trusted partners
Are you eligible for an asset loan?
Who’s eligible for Tide’s Asset Finance?
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
We've already helped businesses secure more than £1 billion
How to apply for business Asset Finance
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?
What are the different types of Asset Finance?
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
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
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
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
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.