Learn about hire purchase, finance lease, and operating lease options serving Coventry and West Midlands businesses. Matching begins after you apply; a soft credit check may be used for matching.
Rates
From 4.8% APR
HP, lease, or refinance
Amounts
£5k - £2M
Speed
24-48 hours
Coventry
18k
businesses
Explore business funding options through Fundably
For UK limited companies with 3+ months’ trading and monthly revenue.
Asset finance lets businesses spread the cost of equipment, vehicles, and machinery over monthly payments instead of paying upfront. The asset itself acts as security, which means rates are typically lower than unsecured loans and approval is faster.
You choose the asset you need, apply for finance, and if approved, the lender purchases the asset on your behalf. You make monthly payments over an agreed term (typically 12-60 months). At the end, depending on the finance type, you either own the asset outright (hire purchase), return it (operating lease), or pay a balloon payment (finance lease).
You own the asset at the end of the agreement. Claim capital allowances. Typical rates from 4.8% APR.
Tax-efficient, claim 100% of lease payments against profit. Return or buy at the end via balloon payment.
Off balance sheet. Always have the latest equipment. Return at the end of the term.
Borrow £35,000 at 5.9% over 48 months. Monthly repayment: ~£825. Total repayable: ~£39,600. Your rate depends on your circumstances.
Ready to compare asset finance in Coventry?
For UK limited companies with 3+ months’ trading and monthly revenue.
Coventry has a proud automotive manufacturing heritage and is now positioning itself at the leading edge of the UK's electric vehicle transition, with the UK Battery Industrialisation Centre (UKBIC) located in the city and a growing ecosystem of EV component suppliers and engineering firms. The city is home to two universities, Coventry University and the University of Warwick, which drive significant research in automotive technology, advanced materials, and cyber security. Coventry's logistics and distribution sector benefits from the city's central UK location at the junction of major motorway networks, making it a favoured base for national distribution operations. With 18k registered businesses across West Midlands, Coventry has strong demand for competitive asset finance.
Funding availability depends on the business and finance required in the West Midlands area. Whether your Coventry business needs vehicles and vans or construction plant and machinery, lenders assess each application individually.
Several specialist lenders on our panel work with Coventry businesses that have imperfect credit histories. Fundably may use a soft credit check for matching, which does not affect your credit score. A hard check may happen if you choose to proceed with a lender. Check your options when you apply.
Explore business funding options through Fundably
For UK limited companies with 3+ months’ trading and monthly revenue.
Explore business funding options through Fundably.
Explore FundingFor UK limited companies with at least 3 months’ trading and monthly revenue.