Asset finance

Asset finance services

Funding business-critical assets

Finance your assets with Barclays and Propel – find out what it is and how this flexible finance option can power your business.1

Boost your business

Optimise your cash flow with bespoke asset finance. 

Just so you know, Barclays is the credit broker and Propel is the lender – we’ll receive a commission fee if you become a Propel customer1.

Flexible finance to power your business

Spread the cost of your business assets over time without having to make a large upfront investment.

Spread the cost of your business assets over time

Budget with confidence

A source of funding to help you maintain liquidity without affecting your cash, working capital or other borrowing 

Types of asset finance

Hire-purchase financing

Put the latest equipment, machinery, technology and vehicles to work in your business – simply, quickly and conveniently through hire-purchase financing.

Unlocking value

Free up the value tied up in your existing assets. Refinancing could unlock additional working capital, improving your cashflow.

See asset finance in action

Barclays in partnership with Propel.

Barclays in partnership with Propel.

Barclays has partnered with Propel to give business customers access to asset finance for equipment and vehicles. Together, we help enable businesses to maximise their opportunities, driving business productivity and performance.

Let's hear from some businesses that are putting asset finance to their advantage.

They were very flexible in their approach. We were able to come up with a solution to enable the last bits of finance and for Llanishen and the project to go ahead.

I needed finance in the form of asset refinancing, to complete the Management Buyout process. They knew the machinery that we use. They knew the service that we offer - and it ticked all the boxes.

Our proposition is very much about delivering a fabulous personal service. We're small enough to care, we're big enough to have the expertise and the technology to be a leader in UK SME finance.

Barclays in partnership with Propel.

Contact us to finance your business critical assets. Subject to application, financial circumstances and borrowing history.

Terms and conditions apply.

Asset finance case studies

Why we work with Propel

For over 20 years, Propel has helped more than 40,000 businesses access the finance they need to help boost their performance. In that time, it has grown to become one of the largest independent finance houses in the UK. 

Gritblasting UK 

A £136,000 funding boost from Propel helped Gritblasting UK to invest in a new generator, mobile compressor, a Mercedes Sprinter van and other specialist equipment to meet demand for growth.

“Dealing with Propel to meet those needs has been a very straightforward, stress-free process – the outcome was exactly what we were looking for.”

Kierien Barnes, Company Director

Tamar Coaches

Propel has delivered asset finance facilities totalling £57,500 to enable Tamar to purchase two coaches for its growing fleet, accelerating its plans to build a strong presence in the private hire sector.  

“Propel really took on board what we were talking about and their finance has led to us gaining more long-distance work and a better image for the company as a result.”

Tom Pearce, Director

Fentrade Ltd

Propel provided asset finance of £25,500 to enable Fentrade to buy much-needed equipment to accelerate its growth plans, establishing the business as a new manufacturer in the windows sector.

“The advice was always honest and practical, and really supported us through the decision-making process.”

Chris Reeks, Managing Director

Is asset finance right for you?

Asset finance eligibility

Available to Limited Companies, PLCs, sole traders, partnerships and LLPs in the UK

Eligible bodies include: registered charities, local authority bodies, clubs, associations and societies

Based in the UK (new businesses included) 

Asset finance terms and limits

Minimum facility size £5,000

Maximum facility size £2,000,000

Up to 100% of asset cost funded2

Terms ranging from 1 to 7 years with the option to buy the asset


Ready to apply or want to find out more?

I have a Barclays Business account

Call us3 on 02476 842 200 to speak to a lending specialist. Lines are open Monday to Friday, 8am to 8pm.

I’m new to Barclays Business

Call us3 on 0800 515 462 to see how we can help. Lines are open Monday to Friday, 8am to 6pm.

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Monthly repayments from one to five years online

Overdrafts for everyday cashflow

An arranged business overdraft lets you borrow cash if you’re facing a short-term cashflow issue5

Borrow up to £50,000 online

One monthly fee for the facility

Interest is charged daily on the amount borrowed

Mortgages for commercial properties

Whether you need to buy a new building or release equity from your existing one, a commercial mortgage could be the answer6.

Borrow from £25,000

Buy new premises or release equity in your current buildings

Fixed and variable deals from 1 to 25 years

All business borrowing

We can help you get off the ground or expand 

Explore all our borrowing options 

Higher loan4 and overdraft5 amounts might be available if you call us3 on 0333 202 7431 

Partner Catalogue

Find new partners to help your business with everything from payment services to pensions and funding for growth.