Blog

SMEs Accountants

Market Briefing: making the most of savings accounts

Find out why many banks struggle to cater to unique requirements of established SMEs, and how accountants can respond to challenges with accessing banking services and support their clients.

By Allica Bank

4 minute read · 30 August 2024

SMEs

How to create a cashflow forecast

8 minute read · 16 August 2024

SMEs

What is asset finance? The complete guide

9 minute read · 16 August 2024

SMEs

How many bank accounts can a UK business have?

7 minute read · 16 August 2024

Brokers

Brokercast: childcare - a unique and important lending market

4 minute read · 24 July 2024

SMEs

How to switch your business bank account (and why)

Switching your business bank account can get you much more than a nice new debit card. Interested in switching? We explain the whole process here.

By Allica Bank

7 minute read · 23 July 2024

SMEs

How to open a business bank account (step-by-step) in 2025

8 minute read · 23 July 2024

Why asset finance?

2 minute read · 20 June 2024

SMEs Savings

Comparing the best business bank accounts in the UK in 2026

11 minute read · 8 May 2024

Meet the team Culture

Meet Beata Lubinska, Treasurer at Allica Bank

4 minute read · 26 April 2024

Criteria	Description
Loan size	£150,000 to £15 million
Repayment type	5-year interest only 5-year partially amortising
Arrangement fee	2.0%
Debt service cover	Commercial: 130% Semi-commercial: 120% Repayment cover calculated at pay rate for fixed rate mortgages and pay rate plus 2% for variable rates.
Early repayment charges	5 year fixed: 5%, 4%, 3%, 2%, 1% (years 1–5) Variable: 3% for the first 5 years

Criteria	Description
Loan size	£150,000 to £10 million
Repayment type	30 year capital & interest 5-year interest-only available at the start of the loan term for loans up to 75% LTV
Arrangement fee	1.5%
Debt service cover	130% Calculated on the rate not including the current account discount Repayment cover calculated at pay rate for fixed rate mortgages and pay rate plus 2% for variable rates
Early repayment charges	5 year fixed: 5%, 4%, 3%, 2%, 1% (years 1–5) Variable: 3% for the first 5 years
Owner-occupied hotels	Loans over 80% of VP value must be fully amortising from day one Personal guarantee to be given for any amount in excess of 70% of VP value

Criteria	Description
Loan size	£200,000 to £15 million
Repayment type	5-year interest only
Arrangement fee	2.0%
Interest cover	130% standard, 145% higher rate taxpayer Gross rent used for residential/ MUFB applications if; evidence of 3 months' loan repayments in cash via bank statements and one UBO/director with Experian Consumer score of 881+ plus a supporting personal guarantee. Otherwise we will use net rent assumption of gross rent minus 10%. HMO properties will always be assessed using gross rent minus 25%
Early repayment charges	5%, 4%, 3%, 2%, 1% (years 1–5)

Criteria	Description
Loan size	£500,000 to £15 million £5 million maximum loan for first time buyers
Repayment type	Capital and interest Experienced operators: 30 years First time operators: 20 years
Arrangement fee	1.5%
Debt service cover	130% adjusted EBITDA for children’s nurseries and experienced care operators 150% adjusted EBITDA for care first-time buyers Repayment cover calculated at pay rate for fixed rate mortgages and pay rate plus 2% for variable rates
Minimum size	Care homes: 20 bedrooms Specialist care: 4 bedrooms, if one or two properties, and flexible if there are three or more properties Children's nurseries: 40 places
Early repayment charges	5 year fixed: 5%, 4%, 3%, 2%, 1% (years 1–5) Variable: 3% for the first 5 years
Specialist care operators	Children’s learning disability care Adult learning disability residential care Adult supported living Minimum of three years as a specialist care home owner-operator required

Criteria	Description
Loan size	£150,000 to £10 million
Maximum loan to value	75% for residential and semi-commercial properties, 70% for commercial
Term	Up to 24 months
Fees	Arrangement fee of 2%, deducted from advance
Borrowers	UK registered limited companies, LLPs, partnerships and sole traders
Security	First legal charge over freehold or long leasehold title(s)
Insurance	Title insurance and search indemnity applied where possible
Valuations	AVMs and desktop valuations available up to 70%
Interest	Retained or serviced

Market Briefing: making the most of savings accounts

How to create a cashflow forecast

What is asset finance? The complete guide

How many bank accounts can a UK business have?

Brokercast: childcare - a unique and important lending market

How to switch your business bank account (and why)

How to open a business bank account (step-by-step) in 2025

Why asset finance?

Comparing the best business bank accounts in the UK in 2026

Meet Beata Lubinska, Treasurer at Allica Bank

Explore award-winning business banking with Allica Bank