Commercial News

Allica Bank enters asset finance market

Rozi Jones -
|
14th January 2021
Richard Cameron, Allica Bank
"I’m pleased that our new asset finance product offering opens up a new avenue to give this underserved market the tools they need to succeed."

Allica Bank has launched an asset finance offering for UK SMEs. Eligible businesses can unlock up to £250,000 in finance, with an advance of up to 100% and a maximum term of seven years.

The bank says all brokers and partners will have access to the tailored expertise of a dedicated relationship manager and, where necessary, be able to speak directly to Allica’s underwriters and operations teams. While customers should expect speedy, 24-hour decisions and same-day drawdowns.

Allica also recently announced that it will be growing its business relationship management team by over 50% to help service the surge in demand from brokers and their clients.

To celebrate the launch, Allica is offering an introductory offer for brokers until the end of March 2021.

Richard Cameron, Allica Bank’s head of asset finance, said: “Throughout the pandemic, Allica Bank has been proud to continue to support brokers with access to the funding their clients need to thrive. I’m pleased that our new asset finance product offering opens up a new avenue to give this underserved market the tools they need to succeed.

“At Allica, we are combining tailored expertise, local relationships and powerful technology to create a bank dedicated to the needs of established SMEs. We are especially focused on the broker community, whose knowledge of the market will be vital during this challenging time. Through our bespoke Introducer Portal and dedicated business relationship managers, we are committed to providing our broker partners with the clarity, consistency and open communication they need to get their job done seamlessly.

“Allica is here to work collaboratively with businesses and brokers for the long-term, supplying the finance and tools to help get the British SME economy moving again.”

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