Help/FAQ
Contact us
Call us
0330 094 3333
8:30am - 5:30pm Monday-Friday
Allica Bank Asset Finance can empower your business with up to £1,000,000 of straightforward and flexible finance.
Asset finance lets your business purchase the latest equipment and tools it needs to drive productivity and expand.
You pay a set amount each month to use the asset, rather than paying the full upfront cost. Then, when you’ve made the last repayment, it belongs to you. It can be a great way to purchase new equipment and keep a handle on your cashflow.
At Allica Bank Asset Finance, we use tailored expertise and modern technology to provide asset finance specifically designed to meet the needs of established small and medium-sized businesses. This means:
Minimum loan
Maximum loan
Maximum advance
Maximum Term
Documentation fee
In the 2021 Budget, the government introduced a tax incentive to encourage businesses to invest in their plant and machinery.
This 'super-deduction' means you can cut your tax bill by 25p for every pound your business invests, including on assets bought using asset finance!
Find out more about the super deduction tax break – or speak to an Allica Bank relationship manager to see how your business could benefit.
Allica Bank is approved to offer asset finance through the Recovery Loan Scheme. It’s a government initiative designed to help businesses affected by covid access the funds they need to get back on track and grow.
With our intuitive Introducer Portal and access to our team of SME lending experts, brokers can expect clarity, consistency and collaboration from us every step of the way.
Asset finance is when a finance provider helps your business purchase new assets or equipment, using the asset as security. In return, you make repayments to the provider over a set time period, usually with a small amount of interest.
It helps you acquire the newest and best assets to run your business, without causing a big hole in your cash flow. For example:
Asset finance is when a finance provider helps your business purchase new assets or equipment, using the asset as security. In return, you make repayments to the provider over a set time period, usually with a small amount of interest.
It helps you acquire the newest and best assets to run your business, without causing a big hole in your cash flow. For example:
Speak to one of our team to find out how we might be able to help your business.
8:30am - 5:30pm Monday-Friday
