Aldermore for Concrete Equipment
Aldermore Bank is one of the most accessible mainstream lenders for concrete equipment finance. Their £5,000 minimum and appetite for newer businesses and sole traders fills an important gap in the market - particularly for smaller concrete contractors financing volumetric mixers, smaller static pumps, and used transit mixers.
While Aldermore's rates are not the lowest in the market for large-value assets, their approachability and genuine willingness to consider applications that Close Brothers or Lombard would decline makes them a consistent part of our lender mix for concrete equipment cases.
October 2026 Rate Indicatives
| Asset Type | Finance Type | Indicative Rate | Term | Min |
|---|---|---|---|---|
| Volumetric mixer (Cementers, Volumix) | Hire Purchase | 6% – 12% | 3–5 yrs | £15,000 |
| Static trailer pump (used) | Hire Purchase | 7% – 13% | 2–4 yrs | £5,000 |
| Transit mixer (new) | Hire Purchase | 5.5% – 9% | 3–5 yrs | £30,000 |
| Transit mixer (used) | Hire Purchase | 7% – 14% | 2–4 yrs | £15,000 |
| Small static pump (<£50k) | Hire Purchase | 7% – 13% | 2–4 yrs | £5,000 |
Rates indicative as of October 2026. Sole traders and businesses under 18 months trading will sit at the higher end of these ranges.
Strengths & Limitations
Strengths
- £5,000 minimum - covers smaller concrete equipment
- Sole traders and newer businesses considered
- Volumetric mixers and used static pumps well within appetite
- Good for businesses that cannot access Lombard or Close Brothers
- Accessible credit team via broker channel
Limitations
- Rates are higher than Close Brothers for the same asset
- Less appetite for very high-value truck-mounted pumps
- Maximum advance lower on older equipment
- More documentation required for sole trader applications