Comparing Asset finance Lenders: Lombard vs. Close Brothers
In this episode, we compare Lombard and Close Brothers [https://www.fundingagent.co.uk/post/lombard-asset-finance-vs-close-brothers-asset-finance] to help UK SMEs understand which lender may be the better fit for asset finance, working capital, and broader funding needs. We look at how Lombard, as the asset finance arm of NatWest Group, focuses on asset-backed lending through products such as hire purchase, finance leases, and operating leases, and why that can work well for businesses funding equipment, vehicles, technology, and green assets.
We also explore how Close Brothers differs by combining asset finance with invoice finance, making it a strong option for businesses that want to fund equipment while also releasing cash from unpaid invoices. Along the way, we cover typical use cases, repayment structures, onboarding speed, fee complexity, documentation requirements, and the trade-offs between instant digital decisions and more tailored, relationship-led support.
A useful episode for business owners, finance managers, and SME decision-makers weighing up whether a traditional asset-backed facility or a more flexible funding structure is the right move for their business.
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