Blog

SMEs

Business bank accounts with accounting integration: how to streamline your finances

Syncing your business bank account with Xero or Sage boosts accuracy, cuts admin, and gives real-time insights to streamline SME financial operations.

By Allica Bank

4 minute read · 4 July 2025

SMEs

AER interest on business bank accounts: what it means and why it matters

4 minute read · 4 July 2025

SMEs

Growth Club insights: CreatePay's 'why' is its people - and it's fuelled remarkable growth

2 minute read · 13 June 2025

SMEs

Maidstone business secures sustainable new HQ to spur future growth

2 minute read · 28 May 2025

SMEs

West Midlands printing business expands in multi-million pound growth

1 minute read · 21 May 2025

SMEs

Growth Club insights: what is your why?

We're excited to launch the Allica Bank Growth Club along with our partners at MooreMentum, the leading growth programme for SMEs in the UK.

By Allica Bank

3 minute read · 13 May 2025

SMEs

We’re integrating with QuickBooks

2 minute read · 7 May 2025

SMEs Accountants

Market Briefing: how accountants can negotiate a turbulent year for clients

5 minute read · 2 May 2025

SMEs

Major investment transforms The Spa Hotel in Tunbridge Wells

1 minute read · 30 April 2025

SMEs

10 key benefits of opening a business bank account

6 minute read · 22 April 2025

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

Business bank accounts with accounting integration: how to streamline your finances

AER interest on business bank accounts: what it means and why it matters

Growth Club insights: CreatePay's 'why' is its people - and it's fuelled remarkable growth

Maidstone business secures sustainable new HQ to spur future growth

West Midlands printing business expands in multi-million pound growth

Growth Club insights: what is your why?

We’re integrating with QuickBooks

Market Briefing: how accountants can negotiate a turbulent year for clients

Major investment transforms The Spa Hotel in Tunbridge Wells

10 key benefits of opening a business bank account

Explore award-winning business banking with Allica Bank