Skip to main content

GET MORE FROM YOUR ASSETS

Asset Finance

Need new equipment to grow, but can’t foot the costs outright? Get what you need now and spread the cost as you stagger your payments over a manageable period of time

Fuel your business

Spread the cost of the assets your business needs to grow, including machinery, vehicles and equipment

Additional cash

Does your company already own valuable assets but needs more cash flow? We can refinance your assets to help

Monthly repayments

Pay your assets off in manageable fixed instalments – we can even factor in seasonal cash flow to make it easy

Talk to us about asset finance NOW

Contact us online

Give us a call

Contact our dedicated teams

OfficeTelephone numberFaxAddress
Guildford 01483 531100 01483 565488

35-37 North Street, Guildford, Surrey, GU1 4TE

Basildon 01277 237177 01277 204056

2/6 East Walk, Eastgate Centre, Basildon, Essex, SS14 1HH

Sheffield 0114 256 0033 0114 244 5472

Hallamshire House, Meadowcourt, 5 Hayland Street, Sheffield, S9 1BY

Alternatively, please contact Martyn Price, Regional Director, London and South

Email Martyn

or James Scarborough, Regional Director, Midlands and North

Email James

More information

More information

Deposit

Initially, you’ll just pay the agreed deposit – typically 10% of the asset value. It works a lot like getting a mortgage for a house.


Our refinancing option

If you already own equipment and/or machinery outright, we may be able to help you unlock the capital tied up in it.

We use a “sale and lease back” structure – you sell us the asset, which gives you a chunk of money to invest in your business. Then you lease the asset back from us so you can continue using it. You might be able to raise up to 75% of the asset value.

Payments and interest charges

Payments and interest charges

DepositDocumentation feeInterest rateMaximum term
10% 0.5% of the amount borrowed or £250, 
whichever is greater
Fixed in advance 7 years

Interest rate

We’ll set the interest rate in advance, depending on the type of asset and the market conditions. The rate doesn’t change during the term – you know exactly how much you’ll repay.


Monthly repayments

You pay fixed monthly repayments over the course of the loan. This can be up to 7 years depending on the asset. If you have seasonal cash flow fluctuations, we can often arrange for you to make larger payments when you’re likely to have more ready cash available.

Get all the details on Asset Finance

Download our PDF to read when you like - it contains all the ins and outs of our Asset Finance.

Asset Finance Details (PDF) (778KB)

Terms and Conditions for Metro Bank SME Customers (PDF) (143KB)

FAQs

  • What assets can I fund?

    You can fund physical business assets like machinery and cars. As rule of thumb, assets must be DIMS: Durable; Identifiable; Moveable; Saleable. We can also fund some ‘soft’ assets like telecoms equipment and computers. 

    If you want to buy pre-owned assets, we’ll usually have them independently valued before we agree to offer you financing.

  • What sectors do you support?

    We can provide asset finance for many businesses including those operating in: 

    Agriculture

    Bus and coach transport

    Corporate transport

    Construction

    Manufacturing

    Engineering

    Healthcare

    Classic and prestige cars 

    If your industry isn't listed here, we still may be able to help you. Get in touch with us to see how. 

  • How much does it cost?

    Your fixed monthly payments cover the money you’re borrowing and 2 other costs:

    1. A documentation fee – usually £250 or 0.5% of the contract value, whichever is greater

    2. Interest charged at a fixed rate, agreed in advance. The rate we offer will depend on market conditions and the type of asset you’re buying

  • How long can I get the finance over?

    That depends on the asset and its useful lifespan. The maximum length of time is 7 years. Whether we provide finance depends on credit checks and approval.

Your ways to bank

Online

Metro Bank 24/7. Check balances, make payments, see transactions and open new accounts any time - all with internet banking.

In-store

A friendly face and a quick answer. And all the usual payment services too. We're open 362 days a year.

Telephone

If you need help you can talk to a real person in our UK contact centre 24 hours a day, 7 days a week, 365 days a year.

some things you might like...

BUSINESS BANKING

Tailored for larger firms

Get an account designed for companies with an annual turnover of over £2 million or complex requirements.  Flexible banking online and in store.

BORROWING WITH US

Growing your business

Choose the right finance option to nurture and expand your business.

WAYS TO BANK

Internet banking for business

Which online banking solution is best for your business? Get the basics, add Bacs and CHAPS, or go for our full commercial platform.

BUSINESS BANKING

Opening an account

Opening a business account with us is straightforward and hassle-free especially when you're prepared.