Asset Finance

Unlock the tools your business needs to grow

Allica Bank Asset Finance can empower your business with up to £500,000 of straightforward and flexible finance.

Enquire now

asset-finance-hero asset-finance-hero-shapes teal and blue left shapes
asset-finance-icon

Asset finance made simple

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:

  • Straightforward products
  • Fast decision-making
  • Easy access to real human support and expertise
Fixed Rate Hire Purchase Agreement

Minimum loan

£25,000*

Maximum loan

£500,000

Maximum advance

100%

Maximum Term

7 years

Documentation fee

£295

sheild-orange-left

*For sole traders and partnerships, the minimum loan size is £25,001

Available for: UK-registered Limited Companies, LLPs, Partnerships, and Sole Traders, typically with two years of full financial accounts, based in England, Scotland or Wales.

Assets funded include manufacturing equipment, production equipment, transportation, plant and machinery, materials handling equipment and agriculture.

Read our full product guide or further detail on our fees here.

Tariff of fees Product guide

The super-deduction tax incentive

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.

Read the blog

super-deduction-tax-incentive
Circle flat bottom

How can asset finance help your business?

Whether you’re a manufacturer boosting production capability. A haulier ramping up capacity. A business keeping staff mobile with a green, efficient fleet. Or a construction firm building for the future with the latest equipment. Asset finance could help.

Enquire now

Move it

Acquire the fleet you need to get your staff and stock from A to B quicker and more sustainably.

Make it

Enhance your manufacturing processes with the latest technology.

Store it

From forklift trucks to climate control, ensure your warehouse is kitted out for maximum efficiency.

Replace it

Whatever plant and machinery you use, make sure your business is using the best.

Want to introduce your client?

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.

Become an Introducer

become-an-introducer
Circle flat bottom

What is asset finance?

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:

  • manufacturing equipment
  • production equipment
  • transportation
  • plant and machinery
  • materials handling equipment
  • agricultural equipment
asset-finance-sector

What is asset finance?

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:

  • manufacturing equipment
  • production equipment
  • transportation
  • plant and machinery
  • materials handling equipment
  • agricultural equipment

Want to find out more?

Speak to one of our team to find out how we might be able to help your business.

Call us

0330 094 3333

8:30am - 5:30pm Monday-Friday

Send us a message

blue-shield circle square pink and orange right