Lombard is one of the oldest finance companies in the UK, lending to businesses since 1861 when it was using the name The North Central Wagon Co. Lombard has been part of Royal Bank of Scotland since 2000. Asset finance products include hire purchase and leases, covering vehicles and machinery across agriculture, marine, energy, industry, and technology.
Lombard Business Loans & Finance
Asset Finance
Lombard will finance a range of assets including vehicles and equipment for businesses in agriculture, marine, technology, aviation, energy, and healthcare. Different asset finance contracts are available including:
- Hire purchase
- Contract hire
- Leasing
- Operating lease
- Residual value lease
- Chattel loan with mortgage
- Intellectual property funding
Borrowers can choose fixed or variable repayments, depending on the type of finance they need. You can also upgrade equipment and vehicles regularly to avoid depreciation, and use your existing valuable assets to raise finance.
Lombard Reviews and Ratings
There are very few reviews out there – Trustpilot has just seven reviews. Two out of the seven are very pleased with Lombard, saying the service was fast and competitive. Negative reviews claimed unexpected charges, were disappointed with the level of customer service and lack of support during Covid.
There are no live reviews on Google, Reviews.co.uk, or Smart Money People.
Lombard has won the Business Moneyfacts Best Leasing and Asset Finance Provider Award 10 years in a row.
Trustpilot – 2.3/5 (based on 7 reviews)
Google Reviews – no reviews
Reviews.co.uk – no reviews
Smart Money People – no reviews
Pros
- Choice of finance products for different assets.
- Fixed and flexible repayment terms are available.
- Awarded Best Leasing and Asset Finance Provider 10 years in a row.
Cons
- Very few online reviews.
- Asset finance only.
Website: Lombard Business Finance