Can I obtain fleet finance for multiple vans or HGVs under a single facility?
Short answer: Yes — in most cases you can obtain fleet finance for multiple vans and HGVs under a single facility. Many UK lenders and brokers offer a “single‑facility” or “fleet line” that lets businesses draw down funds, add or replace vehicles and manage one agreement instead of multiple deals. UK Business Loans is an introducer (we don’t lend) and can match you to specialist lenders and brokers for a free, no‑obligation eligibility check. Get Quote Now — Free Eligibility Check
What is a single‑facility fleet finance (simple explanation)
A single‑facility fleet finance (sometimes called an umbrella facility or fleet line) is a lending arrangement that covers multiple vehicle purchases or leases from one agreed limit. Instead of separate agreements for each van or HGV, the business has one credit line or facility that can be drawn down as vehicles are added.
Common formats include:
- Hire Purchase (HP) packages across multiple vehicles
- Finance lease or operating lease (contract hire) for fleets
- Asset refinance / sale & leaseback on an entire fleet
- Revolving fleet credit or overdraft‑style arrangements for frequent turnarounds
Single facilities simplify purchasing, accounting and renewals — ideal where you want centralised control and predictable budgeting.
Who can apply — typical businesses and vehicle types
Single‑facility fleet finance is typically used by limited companies, LLPs and established trading businesses operating commercial vehicles. We typically place deals from around £10,000 and up.
Typical sectors and users:
Our Business Finance Matching Process
Step 1
Complete Your Details
It takes just 1 minute on average to complete your business and contact details.
Step 2
We Match Your Business
With the best business finance broker or lender most suitable for your needs.
Step 3
You Get Free Quote + Advice
You receive a free quote along with complimentary expert financial advice.
It’s fast and free to get a quote from one of the UK’s leading finance brokers / lenders who will contact you directly with your quote/s.
Complete Our 1-Minute Enquiry Form Now – Get a No-Obligation Quote
- Courier & delivery firms
- Logistics and haulage operators
- Trades and contractors (plant & vehicles)
- Local authorities and contractors working for the public sector
- Retail chains with delivery fleets
Common vehicle types in a single facility:
- Light commercial vans (LCVs) and panel vans
- Rigid HGVs and curtain‑siders
- Tractor units and trailer combinations
- Mixed fleets — many lenders accept a combination of vans and HGVs
Eligibility signals lenders look for: trading history, annual turnover, fleet utilisation, vehicle age and condition, credit profile and business structure.
Our Business Finance Matching Process
Step 1
Complete Your Details
It takes just 1 minute on average to complete your business and contact details.
Step 2
We Match Your Business
With the best business finance broker or lender most suitable for your needs.
Step 3
You Get Free Quote + Advice
You receive a free quote along with complimentary expert financial advice.
It’s fast and free to get a quote from one of the UK’s leading finance brokers / lenders who will contact you directly with your quote/s.
How a single fleet finance facility works (step‑by‑step)
Facility setup — limits, terms and structure
A lender or broker agrees a facility limit (total value you can borrow against) and terms: length, interest or lease rental style, fees and covenants. The facility may be split by vehicle class or held as a single pool.
Funding individual vehicles from the facility
When you buy or lease a vehicle you draw down a portion of the facility. Each drawdown is documented (vehicle schedule) and tracked under the master agreement.
Interest, fees and repayment scheduling
Products vary: fixed or variable interest, fixed monthly rentals (for leases) or repayment profiles per asset (for HP). Some facilities allow flexible drawdowns with a revolving repayment/borrowing function.
Security & documentation
Vehicles are commonly used as security (vehicle charges), and larger deals may require company debentures or personal guarantees from directors depending on credit strength.
Typical process flow:
Complete Our 1-Minute Enquiry Form Now – Get a No-Obligation Quote
- Enquire — complete a short enquiry form (Free Eligibility Check).
- Broker match — we match you to 2–4 suitable lenders/brokers.
- Lender quotes — receive terms, facility limits and schedules.
- Facility offer — accept and sign master agreement.
- Vehicle drawdowns — add vehicles as you acquire them.
- Repayments & renewals — manage one schedule or consolidated billing.
Benefits of using a single facility for multiple vans / HGVs
- Simpler administration: one agreement and one statement instead of many contracts.
- Flexible vehicle management: add, replace or dispose of vehicles without negotiating a new loan each time.
- Potential cost savings: bulk arrangements can attract better pricing or reduced fees.
- Improved cashflow: centralised funding helps predictable budgeting and easier refinancing of older deals.
- Scalability: facility limits can grow with your fleet needs.
Risks, limitations and what lenders look for
Understand the downsides so you can negotiate the right facility:
- Vehicle age & condition: older fleets may attract higher rates or be excluded.
- Residual value risk: for leases, inaccurate residuals can increase costs at contract end.
- Sector risk: high‑risk industries (e.g. some haulage segments) may face tighter terms.
- Security & guarantees: company charges or director guarantees may be required.
- Early termination costs: replacing or terminating vehicles mid‑term can incur fees.
Final terms are set by lenders and are subject to credit and affordability checks. Completing a UK Business Loans enquiry is non‑committal and does not affect your credit file.
Typical finance options available for a multi‑vehicle facility
Hire Purchase (HP) for fleets
Pros: simple ownership at term end, predictable repayments. Cons: vehicles on balance sheet; VAT treatment on purchase.
Finance Lease
Pros: off‑balance options for some businesses; lower upfront payments. Cons: you do not own the assets; end‑of‑term options vary.
Operating Lease / Contract Hire
Pros: fixed rentals, maintenance packages available, ideal for operational fleets. Cons: mileage and condition limits; no ownership.
Asset refinance / Sale & Leaseback
Pros: release capital tied up in owned vehicles to improve cashflow. Cons: may be less tax efficient for some setups.
Revolving fleet credit
Pros: highly flexible for rapid vehicle turnover. Cons: typically used by larger or high‑turnover fleets and may carry variable costs.
How UK Business Loans helps — matching you to the right lenders and brokers
We are an introducer: we don’t provide loans directly. Complete a short enquiry and we’ll match your business to specialist lenders and brokers that handle fleet finance. Our matching considers your sector, fleet mix and credit profile so you receive relevant quotes fast.
What to expect:
Our Business Finance Matching Process
Step 1
Complete Your Details
It takes just 1 minute on average to complete your business and contact details.
Step 2
We Match Your Business
With the best business finance broker or lender most suitable for your needs.
Step 3
You Get Free Quote + Advice
You receive a free quote along with complimentary expert financial advice.
It’s fast and free to get a quote from one of the UK’s leading finance brokers / lenders who will contact you directly with your quote/s.
- Fast matching — most businesses get a response within hours during business hours.
- Free & no obligation — you choose whether to proceed with any provider.
- Suitable providers — we aim to connect you to lenders/brokers who understand your industry.
Real‑world examples (short case briefs)
Example 1 — Courier firm (5 vans)
A small courier operator consolidated five existing HP agreements into a single HP facility. Outcome: one monthly payment, improved cashflow and lower admin time. The business used released admin hours to focus on operations.
Example 2 — Construction contractor (mixed fleet)
A contractor with two rigid HGVs and three vans took a revolving fleet facility. Outcome: easier replacement of vehicles as contracts required, and the ability to refinance older assets via sale & leaseback when cashflow was tight.
Common questions — FAQ
Can I finance vans and HGVs together under one facility?
Often yes — many lenders accept mixed fleets. Final terms depend on vehicle types, ages and the lender’s appetite.
Will a single facility affect my credit?
Filling UK Business Loans’ enquiry form does not affect your credit score. Lenders may perform checks later when you apply for terms.
How quickly can I get a quote and start drawing vehicles?
After enquiry, brokers often respond within hours. Setting up a facility can take days to a few weeks depending on documentation and vehicle inspections.
Do I need a deposit or personal guarantee?
Some lenders require a deposit or director guarantees depending on fleet size and credit history; others offer solutions with minimal upfront cash.
Can I refinance an existing fleet into one facility?
Yes — consolidation via refinance or sale & leaseback is common. Be mindful of early settlement fees or penalties on old deals.
Are there tax advantages?
Tax treatment depends on finance type and business situation. Speak to your accountant — we can put you in touch with brokers who explain tax implications.
What to prepare before you apply (checklist)
Gather the following to speed up matching and quoting:
- Company name, registration number and VAT status
- Latest accounts or management accounts (turnover/EBITDA)
- Number, types, ages and registration numbers of vehicles
- Purpose (purchase, refinance, replace, expand)
- Details of any CCJs, defaults or insolvency history
Having this information ready makes it faster for brokers to return accurate quotes.
Next steps — how to get your fleet finance quotes today
Three simple steps:
- Complete our short enquiry form — it takes under 2 minutes (Get Quote Now — Free Eligibility Check).
- We match you to 2–4 specialist lenders or brokers.
- Receive quotes, compare terms and choose the best fit for your fleet.
Legal & compliance notes
UK Business Loans is an introducer and does not lend money or provide regulated financial advice. We connect enquiries to lenders and brokers who can provide finance. All offers are subject to lender eligibility checks and terms. Completing the enquiry does not affect your credit score. Information on this page is for guidance only — please seek independent tax or legal advice if required.
Additional resources & internal links
Related pages you may find useful:
- Asset finance
- Commercial loans
- vehicle finance — detailed page on vehicle‑specific options
- Blog: How fleet finance works; Hire purchase vs lease for vans
Helpful external guidance: gov.uk pages on vehicle taxation and maintenance responsibilities.
1. Can I get fleet finance for multiple vans and HGVs under one facility? — Yes, many UK lenders offer a single‑facility or fleet line that covers mixed vans and HGVs subject to vehicle ages, types and lender policy.
2. How do I start a fleet finance enquiry with UK Business Loans? — Complete our short, free online enquiry form and we’ll match your business to suitable lenders and brokers for a no‑obligation eligibility check.
3. Will submitting an enquiry affect my business credit score? — No — submitting a UK Business Loans enquiry is only an information request and does not affect your credit score, although lenders may carry out checks later.
4. What minimum loan amount do you typically arrange for vehicle and fleet finance? — We typically place fleet and vehicle finance facilities starting at around £10,000 and upwards.
5. How quickly can I get quotes and begin drawing vehicles from a single facility? — Brokers often respond within hours and a facility can be set up in days to a few weeks depending on documentation and vehicle inspections.
6. Do lenders usually require deposits or director guarantees for fleet finance? — Some lenders may ask for a deposit, company charges or director guarantees depending on credit strength, fleet size and sector risk, while others offer lower‑deposit options.
7. Can I refinance existing vehicle loans into one consolidated fleet facility? — Yes — consolidation via refinance or sale & leaseback is common, though you should check for any early settlement penalties on existing agreements.
8. What finance products are available for multi‑vehicle fleets? — Typical options include Hire Purchase, finance lease, operating lease/contract hire, sale & leaseback and revolving fleet credit for high‑turnover fleets.
9. What information should I prepare before applying for fleet finance? — Have your company name and registration, latest accounts or management accounts, fleet details (number, type, ages, reg numbers), purpose of funding and any CCJs or insolvency history ready.
10. Are the lenders and brokers you introduce regulated and trustworthy? — Yes — UK Business Loans only connects you with reputable, FCA‑regulated brokers and lenders who operate transparently and securely.