Granted their banking licence in 2019, Allica Bank was built to serve small and medium-sized businesses with 10 to 250 employees. They combine modern tools and technology with a team of expert relationship managers in local communities across the UK. Allica bank believes in using human relationships and tailored expertise to empower small businesses with the tools they need to succeed.
In addition to their suite of banking products, Allica Bank offers commercial property finance tailored to your business. Their relationship managers work directly with you to identify which of these commercial mortgage options is best suited to your needs:
Property finance has several potential benefits from enabling you to generate rental income and diversify revenue streams, to releasing capital for investment elsewhere through refinancing. You can use your Allica Bank commercial mortgage to buy your premises, invest in a new property or refinance an existing mortgage.
Allica Bank knows that every business is different – with their own leadership teams, challenges and opportunities. That’s why you’ll have a dedicated relationship manager who understands your specific needs from application through funding and repayment. Similarly, Allica Bank’s underwriting team looks at every commercial mortgage application individually, making each decision on a case-by-case basis.
With an excellent TrustPilot rating of 4.4 out of 5 stars, Allica Bank has won multiple industry awards including Best Service from a Commercial Mortgage Provider in 2022.
As with any type of finance, a commercial mortgage will have pros and cons, depending on your business and requirements. Make sure to compare several different commercial mortgage providers and consider other property finance options to find the one best suited to your needs.
At Capitalise, we work with 100+ UK lenders, which means you can easily compare Allica bank to many other options available in the market. When you search for funding with Capitalise, we’ll match your business with the lenders most suited to your needs and you’ll be able to apply to up to four lenders in just one application for ease. With support from a dedicated funding specialist, you can compare all of your options to find the right solution for your business.