At a glance: Aldermore is one of the most accessible lenders for skid steer, compact track loader, and small wheel loader finance. Strong for sole traders and smaller contractors buying Bobcat, Cat 262, or JCB 135. Rates from 5.5%, minimum advance £5,000.
Aldermore Skid Steer & Compact Loader Finance Rates - October 2026
Skid steer loaders and compact track loaders sit at a value range (typically £20,000–£80,000) where Aldermore's flexible underwriting and low minimum advance are genuine advantages. Their appetite for sole traders and businesses with adverse credit makes them a key option for smaller contractors building up their plant.
| Loader Type | Finance Type | Rate | Min | Max | Term |
|---|---|---|---|---|---|
| Skid Steer Loader (new) | HP | 5.5–8.5% | £5,000 | £500k | 24–60 months |
| Compact Track Loader (new) | HP | 5.5–8.5% | £5,000 | £500k | 24–60 months |
| Used Skid Steer / CTL | HP | 6.5–11.0% | £5,000 | £250k | 24–48 months |
| Sole Trader | HP | 7.0–12.5% | £5,000 | £250k | 24–48 months |
| Adverse Credit | HP | 10.0–14.0% | £5,000 | £150k | 24–48 months |
Key Models - Bobcat, Cat 262, JCB 135
Aldermore finances the major skid steer and compact loader brands: Bobcat S70, S76, T76 (most popular skid steers in UK); Caterpillar 262D3, 272D3; JCB 135 and 175 compact track loaders; and Case SR130/SR175. Brand familiarity among Aldermore underwriters means smooth processing for common models.
Strengths
- £5,000 minimum - suits compact entry-level models
- Sole traders accepted with personal guarantee
- Adverse credit and CCJ history considered
- New and used CTL/skid steer finance
- Fast decisions for straightforward cases
Limitations
- Higher rates than Close Brothers for prime credit
- Maximum £500k - not for large fleet facilities
- Very old equipment may be declined