Asset finance can help businesses fund the purchase of equipment and vehicles in an efficient and affordable way without using up capital. It allows matching repayments to the useful life of the asset to preserve working capital and ease pressure on cashflow by arranging regular payments over time instead of a large upfront payment. Eligible businesses may also be able to claim the Annual Investment Allowance to reduce expenditure on qualifying items. Lloyds Bank offers asset finance products like hire purchase and finance leases that can fund a range of assets from £7,500 with flexible deposits and terms of one to five years.