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PLANT AND MACHINERY FINANCE

Get the machinery you need without tying up capital

If you need to upgrade the vital equipment your business requires to function, machinery finance could be the flexible solution you need.

Spread the cost over time so you can put your assets to work immediately and focus on growth.

  • Borrow from £5,000 to £20 million

  • Finance new or used construction, agricultural and manufacturing equipment

  • Choose between Hire Purchase and Leasing to align with your business’s finances and goals

 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 different types of Machinery Finance?

Hire Purchase (HP)

You get immediate access to the asset but don’t officially own it until you’ve made all the scheduled payments and paid a final nominal fee.

Apply now

Finance lease

Essentially a long-term rental agreement. At the end of the term, you typically have the option to buy the asset, renew the lease or give it back.

Apply now

Operating lease

This suits any equipment that depreciates quickly or requires frequent updates. You pay to use the asset for a fixed term, but there’s no option to purchase.

Apply now

How does Machinery Finance work?

1. Application and agreement

Submit your application and receive a formal quote, which outlines the rates, repayment schedule and term length.

2. Assessment and approval

The lender reviews your creditworthiness and the equipment’s value before deciding whether to approve the loan.

3. Acquisition and payment

The lender pays the machinery supplier directly, allowing you to take immediate possession of the asset.

4. Repayment

You’ll make regular repayments to the lender, covering both the principal amount and the interest (or lease fees).

5. Ownership or return

At the end of the term, you’ll either gain full ownership or, if you leased it, you can choose to return, renew or purchase it.

Are you eligible for Machinery Finance?

Who’s eligible for Tide’s Machinery 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 Machinery 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 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 Machinery Finance

As a finance broker with access to over 80 lenders, Tide will find a lender tailored to your business - and the process is simple.

  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 credit is released Depending on the type of finance you’ve applied for, the money could be released to the machinery supplier in around 24 hours.

Apply now

Access a range of business funding options from our trusted partners

What is Machinery Finance?

Machinery finance covers a range of financial products that help businesses acquire the machinery and equipment they need - like excavators, printing presses or manufacturing tools - without having to pay the full cost upfront.

By allowing businesses to spread payments over a fixed term, machinery finance helps them preserve cash flow and maintain working capital. It also provides the flexibility to access the latest equipment and technology, even if they can’t afford to buy it outright.

Depending on your needs, machinery finance can be used to purchase an asset outright or lease it over time.

What can Machinery Finance be used for?

Manufacturing tools

Essential production equipment like CNC machines, packaging lines and industrial printers to streamline production and increase capacity.

Construction equipment

Large, heavy-duty assets like excavators, bulldozers, cranes and loaders used for site development, infrastructure projects and construction.

Agricultural equipment

Indispensable farm machinery, like tractors, harvesters, irrigation systems and dairy equipment to manage help crop cycles and livestock.

Commercial vehicles

Operational vehicles, like delivery vans, commercial trucks, forklifts and passenger fleets used for logistics and business services.

Technology & IT

Major tech investments like servers, specialised software systems, medical imaging machines and complex IT hardware used by various sectors.

Office & retail

Non-mobile business assets like commercial kitchen equipment, point-of-sale systems, specialised furniture and other essentials for shops and restaurants.

What are the benefits of Machinery Finance?

Protects cash flow

Avoid large, upfront purchases and keep your capital available for day-to-day operations and new opportunities.

Immediate access to assets

Get the essential equipment you need for your business and start generating revenue right away.

Stay up-to-date

Gain easier access to the latest technology, with the potential to upgrade equipment regularly.

Potential tax savings

Repayments, interest or depreciation may be tax-deductible, reducing your overall tax bill.

Flexible payments

Structure your repayments to match your seasonal or cyclic income.

Assets as security

The machinery often serves as collateral for the finance, simplifying the application process.

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.

Alternatives to Machinery Finance

Whether you’re stacked with overdue invoices or after more flexible funding for wider projects, we have options for you.

Vehicle Finance

Get a new company car or truck, or invest in upgrading your existing fleet.

Explore Vehicle Finance

Business Credit Cards

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

Explore Credit Cards

Asset Based Loans

Turn your assets into cash whilst maintaining ownership.

Explore ABLs

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

Learn more about financing your business

Explore more funding guides
Explore more funding guides

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