Author and review
Written by: Hart Asset Finance
Reviewed by: T & L Leasing Limited trading as Hart Asset Finance
Last reviewed: 2026-07-28
Commercial finance broker guidance covering asset finance, hire purchase, leasing, VAT finance, refinance and SME business funding.
Overview
Asset finance is usually linked to a specific vehicle, machine or item of equipment. A business loan can be more flexible when the funding need is not tied to one asset, such as stock, wages, marketing or a project.
Comparison table
| Funding purpose | A named asset with supplier, invoice and use case. | Broader business need or mixed-use working capital. |
| Structure | Often aligned with asset lifespan and value. | Often aligned with affordability and cash flow. |
| Examples | Van, tractor, CNC machine, catering equipment. | Stock, deposits, staffing, fit-out and marketing. |
| Useful question | Will this asset generate value over several years? | Do you need flexible capital across several costs? |