Simply Asset Finance Business Loan
This loan offers UK businesses between £5,000 and £2,000,000 with terms ranging from 12 to 84 months, focusing on asset finance and equipment loans.
Last checked on September 4, 2026. We may earn a commission when you click through.
Simply Asset Finance Business Loan
Updated 1 month agoAPR Range
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Amount
£5k–£2M
Term
12–84 months
Type
business
You'll be redirected to simplyassetfinance.com
Our Verdict
With a quick approval time of 24-48 hours, this loan is ideal for businesses needing immediate cash flow. However, consider the costs associated with asset financing, which may not suit every situation.
Best For
UK-based businesses looking for substantial funds to finance equipment or other assets.
Watch Out
High fees may apply if payments are missed, impacting overall loan costs significantly.
Pros
- Fast approval within 24-48 hours
- Flexible loan amounts from £5,000 to £2,000,000
- Wide range of terms from 12 to 84 months
- Part of the reputable Close Brothers Group
Cons
- Potentially high fees for missed payments
- Interest rates may vary significantly based on credit score
- Approval process can be slow if documentation is incomplete
- Not ideal for startups or businesses with unstable income
Full Review
For businesses requiring swift financing, Simply Asset Finance with its 24-48 hour approval. This is for those needing immediate cash for asset purchases. The loan amounts range from £5,000 to £2,000,000, making it suitable for both small and large enterprises.
The flexibility in terms of 12 to 84 months allows businesses to find a repayment plan that suits their cash flow. However, while the loan appears attractive, be aware of the hidden costs associated with asset financing, particularly if opting for hire purchase or leasing options. Customer service feedback indicates that while the company is part of the reputable Close Brothers Group, there are occasional frustrations around communication during the approval process.
Businesses with lower credit scores may face difficulties securing loans at favourable rates, which could limit options for some applicants. Overall, this product is for established businesses but may not be suitable for startups or those with unstable income.
Who Is This For?
Established UK businesses needing substantial funding for equipment purchases with stable revenue streams.
What Borrowers Say
Customers appreciate the swift approval process but express concerns over communication and varying interest rates based on creditworthiness.
Summary
Simply Asset Finance offers business loans ranging from £5,000 to £2,000,000 with terms of 12-84 months, focusing on asset finance solutions.
About This Loan
Requirements
- UK-based business
- Asset finance and equipment loans
- Hire purchase and leasing options
- Part of Close Brothers Group
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