Asset Finance in Sheffield
CoreFi arranges asset finance for Sheffield businesses, typically limited companies acquiring machinery, plant, vehicles, tooling or technology through hire purchase or leasing. We match your case to lenders who fund Sheffield firms. Rates and terms are indicative and depend on the asset, the business and lender appetite.
Asset finance lets a business acquire machinery, plant, vehicles, tooling or technology and spread the cost over its useful life, rather than paying up front. In Sheffield that covers a wide range: CNC machining centres, grinders, lathes and press tools for the precision engineers and cutlers of Attercliffe and the Lower Don Valley; forging and heat-treatment plant for the metals firms near Templeborough; robotics and inspection kit for the advanced manufacturers at Catcliffe and Waverley; lab and diagnostic equipment for med-tech firms around the universities; and commercial vehicles for the distribution and trades businesses working across the city. CoreFi is a commercial finance broker; we match your requirement to lenders whose criteria fit. We do not lend ourselves and we do not set the rate. Any figure mentioned here is indicative and for illustration only.
- 1
Send us the asset and the numbers
Tell us what you are acquiring, the supplier quote or price, and a little about the business. It costs nothing to start.
- 2
We match you to asset lenders
We identify lenders on our panel whose appetite fits the asset type, ticket size and your business profile, and package the case so it is presented properly.
- 3
Review terms and proceed
Interested lenders come back with indicative terms. Any rate or structure is illustrative until formally offered. You choose, and we help move it to drawdown.
How asset finance works
The two common structures are hire purchase and leasing. On hire purchase you pay a deposit and fixed instalments, and you own the asset at the end. On a lease you pay to use the asset over a term, which can suit kit that dates quickly or that you do not need to own. Both spread the cost and protect your working capital and existing facilities. The asset itself usually acts as the primary security, which is why lenders can often say yes to asset finance where an unsecured loan of the same size would be harder. Terms typically run 1 to 5 years depending on the asset's expected life, and durable engineering plant sometimes stretches longer. The lender prices against the asset, the term and your business profile, so we avoid quoting fixed rates up front.
What Sheffield lenders look at
For an asset finance case, lenders assess the asset (what it is, how liquid it is, how well it holds value), the borrowing entity and its trading history, and the purpose. This is where Sheffield's engineering base plays well: hard, resaleable machinery such as machining centres, presses, lathes and standard commercial vehicles tends to attract the widest appetite and the keenest terms, because the lender can recover value if things go wrong. More specialist or one-off kit, bespoke tooling or highly customised production lines, needs a lender comfortable with that category and sometimes a larger deposit. Being ready with the asset specification, a supplier quote from your machine tool or plant dealer and recent accounts tends to move a case forward faster.
Why bring the deal to CoreFi
The asset finance market is broad and fragmented: manufacturer-backed schemes, independent funders, bank-owned lessors and specialist engineering books, each with their own appetite by asset type and sector. Approaching them one by one is slow and you rarely know which will price your deal best, or which understands a used five-axis machine or a forging press. We hold that criteria detail across our panel, so we can focus your case on the lenders most likely to fund your asset type at a sensible cost, and package it so it is assessed properly the first time. We cannot promise a rate or an approval, because those sit with the lender, but we can save you the legwork and improve how your case is presented.
Frequently asked questions
What assets can be financed?
CNC and machining plant, presses, lathes, grinders and tooling, forging and heat-treatment equipment, robotics and inspection kit, lab and diagnostic equipment, commercial vehicles and much more. The lender confirms whether they fund your specific asset type.
Can I finance used or refurbished machinery?
Often yes. Used machining centres, presses and vehicles hold value well and many lenders fund them, though the age and condition of the asset affect the term and terms offered. We match the case to lenders comfortable with used engineering plant.
Can a newer or smaller Sheffield business get asset finance?
Often yes, because the asset provides security. Trading history still matters and terms vary, but asset finance is frequently more accessible than an unsecured loan of the same size. The lender assesses your specific case.
Do you set the interest rate?
No. We are a broker. The lender prices the deal against the asset, the term and your business, and any figure we discuss beforehand is indicative only.
Get matched with lenders for your Sheffield business
Tell us what your business needs and we will match you with lenders whose criteria fit. No obligation, no cost to start the conversation, and a straight answer about what is realistic for your situation.
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