Allica Bank Asset Finance can boost your business with up to £2,500,000 of straightforward and flexible finance. Speak to our expert business relationship management team today.
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 businesses. This means:
*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. Businesses can access a range of hard, medium and soft assets including manufacturing equipment, transportation, plant and machinery, materials handling equipment, textile equipment, robotics, medical equipment, scaffolding, telecoms and more.
Read our product guide for the full list of available assets or further detail on our fees here.
In the 2023 Budget, the government introduced a tax incentive to encourage businesses to invest in their plant and machinery.
Full expensing allows companies to write off the cost of investment in one go. For every pound a company invests, their taxes are cut by up to 25p. This includes assets bought using asset finance. Speak to an Allica Bank relationship manager to see how your business could benefit.
Allica Bank is approved to offer asset finance through the Growth Guarantee Scheme. It’s a government initiative designed to support access to finance for UK small and medium businesses as they look to invest 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.
