FCA regulated (Appointed Representative)NACFB Member60+ lenders searchedIndicative decisions in as little as 24 hoursSpeak to an expert:07581 364281

CW Asset Finance | Vehicle & Equipment Finance Yorkshire

← All finance questions

Can I get asset finance with bad credit?

Sometimes, yes — but it depends on what the adverse credit is, how recent it is, and how the rest of the business looks. Asset finance is secured on the equipment, so lenders can take a more practical view than they might on an unsecured loan. It is not a guarantee, and a weaker profile usually means a larger deposit or a higher rate.

What tends to matter most: whether the issue is historic or ongoing, whether the business is trading profitably now, and whether the asset holds its value. A CCJ from four years ago on an otherwise sound business reads very differently from missed payments last quarter.

Some of our 60+ lenders specialise in cases high-street banks decline. We’d rather tell you honestly that something is unlikely than waste your time — and we’ll say so before any application touches your credit file.

Thinking about it for your own business?

Tell us what you are looking to fund and we will search our panel of 60+ lenders. No credit search at this stage, and indicative decisions in as little as 24 hours.

CW Asset Finance is a credit broker, not a lender. Finance is subject to status and lender approval.