The UK's first BCorp-certified business finance brokerage

At Choice Business Loans, we're committed to responsible finance that supports sustainable growth. We help businesses access Green Finance solutions to invest in sustainability, reduce environmental impact, and meet their long-term goals.

What is Green Finance?

Green Finance is a type of asset finance that helps companies invest in sustainable equipment, vehicles, and infrastructure while spreading the cost over time. It allows businesses to transition to low-carbon operations by financing assets such as electric vehicles, renewable energy systems, and energy-efficient machinery.

Businesses that qualify may benefit from discounted interest rates, making it more cost-effective to invest in sustainability.

How does Green Finance work?

Green Finance operates similarly to standard asset finance. The process typically involves:

1. Choose Your Asset – Select qualifying assets such as electric vehicles, solar panels, or energy-efficient machinery.
2. Apply for Finance – Once the full suite of information is obtained, will submit your application to the most suitable lender. Eligibility is based on business trading history and asset suitability.
3. Approval & Funding – If approved, documentation is completed, and payment is made to the supplier.
4. Repayment – Repayments are made monthly over a fixed term (typically up to 8 years). Eligible assets benefit from lower interest rates over a set period.

Is Green Finance suitable for my business?

Green Finance is ideal for businesses that:

• Want to reduce their carbon footprint by investing in assets that support sustainability goals.
• Need to invest in energy-efficient equipment – Spread costs rather than paying upfront.
• Operate in industries with high energy usage – Sectors such as manufacturing, agriculture, and construction benefit financially from greener solutions.
• Are seeking cost-effective financing as rates are discounted for qualifying assets.
• Save cost from better property energy efficiency – Lower bills, and interest discounts available on Commercial Mortgages with an APC of A-C.

What is required for an application?

Eligibility criteria vary by lender, but in general, you'll need:

• A UK-based business trading for at least 24 months
• A minimum funding amount of £25,001
• Assets must be used within your business and support qualifying green purposes

To apply for Green Finance, you will typically need to provide:

1. Asset Details: Information about the asset, including type, make, model, value, mileage/usage, supplier, and any specific model specifications. A supplier invoice or quote will typically cover all of these details.
2. Financial Information: The latest full financial accounts (and up-to-date management accounts if available), along with 6 months of business bank statements.
3. Director's Information: Full names, dates of birth, and address history for all company directors.
4. Rationale for the purchase - how it will help you achieve your sustainability goals