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ASSET FINANCE

Get the gear you need for business growth 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.

  • Match with leading finance providers

  • Borrow from £5,000 to £20 million

  • Apply without impacting your credit score

 Apply now

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

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

Providing over £1 billion in funding to more than 21,000 businesses, we’re on a mission to help business owners grow with confidence. 

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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
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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.

 Apply now

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.

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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

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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 21,000 businesses across the UK, as part of our mission to help business owners grow with confidence.

How to apply for business Asset Finance

As an Asset Finance broker with access to over 120 lenders, Tide will find a lender tailored to your business - and the process is simple.

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  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 funds Depending on the type of Asset Finance you’ve applied for, funds could be available in around 24 hours.

Apply now

What can you use business Asset Finance for?

If you need a loan for 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

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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.

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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.

 Apply now

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.

Business Loans

Get funding for larger business investments or long-term growth.

Learn more

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Business Credit Cards

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

Learn more

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Merchant Cash Advance

Access flexible funding that you’ll repay as a percentage of your daily card sales.

Learn more

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Invoice Finance

Unlock cash from unpaid invoices, improving immediate cash flow.

 Learn more

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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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Tide is about doing what you love. That’s why we’re trusted by over 1 million sole traders, freelancers and limited companies worldwide.

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