Shawbrook Bank for Concrete Equipment Finance
Shawbrook Bank occupies a valuable position in the concrete equipment finance market: they sit between mainstream lenders like Close Brothers and the specialist adverse credit sector, with genuine appetite for used concrete pumps, older transit mixer fleets, and non-standard concrete equipment that falls outside conventional lender criteria.
For concrete contractors looking to finance used equipment - a second-hand Putzmeister trailer pump, an older transit mixer fleet, or pre-owned volumetric mixers - Shawbrook is often the lender that makes the deal possible where others won't go. They are relationship-led, broker-friendly, and will engage with cases that digital-first lenders would simply decline at credit score.
October 2026 Rate Indicatives
| Asset Type | Finance Type | Indicative Rate | Term | Min |
|---|---|---|---|---|
| Used concrete pump (static, 5–10 yrs old) | Hire Purchase | 7% – 13% | 2–4 yrs | £10,000 |
| Used truck-mounted boom pump | Hire Purchase | 6% – 11% | 3–5 yrs | £50,000 |
| Older transit mixer fleet (5–10 yrs) | Hire Purchase | 7% – 13% | 2–4 yrs | £20,000 |
| Used volumetric mixer | Hire Purchase | 6.5% – 12% | 3–5 yrs | £20,000 |
| New concrete pump (mid-value) | Hire Purchase | 5% – 9.5% | 3–5 yrs | £20,000 |
Rates indicative as of October 2026. Shawbrook assesses age and condition of used equipment carefully; assets over 15 years old may face advance restrictions.
Strengths & Limitations
Strengths
- Genuine appetite for used and older concrete equipment
- Relationship-led underwriting - not purely algorithmic
- Broker-friendly with accessible credit team
- More flexible on asset age than Close Brothers or Novuna
- Can consider non-standard used transit mixer fleets
Limitations
- Rates are higher than tier-one lenders for clean credits
- New business appetite more limited than Aldermore
- £10,000 minimum - smaller pumps may not qualify
- Very old equipment (15+ years) faces advance restrictions