Allica Bank

About Allica Bank

Allica is a bank built especially for established businesses with between 5 and 250 employees. These businesses make up a third of UK employment and turnover, yet the service they get from the big banks is increasingly impersonal, inconvenient, and poor value. We don’t think that’s right.

Allica Bank is on a mission to give established businesses the no-nonsense banking they deserve. We offer the kind of face-to-face banking that businesses used to get, supercharged with modern technology. It’s how business banking used to be, just better.

Our team of expert business development managers and underwriters are committed to providing our broker partners with clarity, consistency and collaboration every step of the way.

We have a variety of lending options available such as:

• Bridging finance
• Commercial mortgages
• Asset finance

Bridging finance is available from £150,000 to £10 million, with terms ranging from 3-24 months.

Key criteria:

• Rates from 0.71%
• LTVs from 50%
• Covering England, Scotland and Wales
• First and second charge loans
• 100% cost of works funded in arrears
• Term sheet within four hours
• Automated valuations models and desktop valuations
• No personal guarantee up to 65% LTV

Security class types considered:

• All types of residential properties (HMO’s, auction, new builds, BTL portfolios)
• Commercial investments and owner-occupied property
• Semi-commercial
• Hotels
• Student accommodation
• Warehouses
• Retail and office space
• Garages/ showrooms
• Factories
• Food outlets

For more information visit allica.bank/introducers or get in touch with the team on 0207 846 9030 or bridging@allica.bank.

Follow us on LinkedIn for regular updates: https://www.linkedin.com/company/allicabank