Business Current Account DF

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

The business account that pays you back

Up to 1.5% cashback on card spend¹

Up to 4.08% instant access savings²

Dedicated relationship manager

No monthly fees³

No credit score impact, no obligation

¹ Cashback is variable and based on card spend. Exclusions apply. See a full list of limits and fees here.

² Rate includes standard rate of 2.83% AER (minimum balance applies) plus a 0.5% boost each month if you make 15 bank transfers out of the account in the previous month, and a 0.5% boost for six months if you complete a switch with CASS and a 0.25% Welcome Boost for 3 months for new customers who deposit £50,000+ into their Savings Pot within 14 days. Rates correct as of 19th December 2025. ‘AER’ stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Subject to eligibility – see Savings Pot Key Product Information for more details.

³ Customers whose balance falls below an average of £10,000 in the previous month will incur a £25 monthly fee. This does not apply to customers who hold an active loan product (including an overdraft) with Allica Bank. Account fees are based on average account balance and activity status. See more details here. Terms and conditions apply.

What business type do you have?

Limited company

Your business is registered at Companies House.

Sole trader

You're a sole trader or in a partnership.

Why we ask

Different business types have different banking needs, so this helps us understand what may be suitable.

How long has your business been trading?

Under 1 year

Over 1 year

Why we ask

This helps us check whether our business account is suitable for your business.

How much does your business plan to deposit into this account?

This account is designed for businesses keeping a balance of £50,000 or more in their account.

Why we ask

This helps us check whether our business account is suitable for your business.

Checking eligibility...

We are a great fit!

Allica is the only current account built exclusively for established UK businesses like yours.

Most Recommended Business Bank 2026

RFI Global

Thanks for your interest

Based on your answers, your business isn’t eligible for the Business Rewards Account right now.

If you’re still interested in opening an account with Allica Bank, we have a range of business savings accounts that may be more suited to your needs.

Explore savings account

What matters most for your business account?

Dedicated support

Savings rate

Cashback

No monthly fee

Accessible lending

Choose all that apply.

Why we ask

This helps us focus on the features you care about most.

Who is currently your main business bank?

Barclays

HSBC

Lloyds

NatWest

Other

Why we ask

This helps us show a more relevant comparison. Your current bank won’t be contacted.

Here's how Allica compares

More rewards, more support, and more ways to help your business grow.

Linked savings account *

Cashback

Relationship manager

UK support

No monthly fees³

Business overdraft

up to 4.08%¹

up to 1.50%²

View all features

Terms and Conditions apply.

* Competitors listed in the table do not have a linked savings accounts attached to their business current account as of 15th April, 2026.

¹ Rate includes standard rate of 2.83% AER (minimum balance applies) plus a 0.5% boost each month if you make 15 bank transfers out of the account in the previous month, and a 0.5% boost for six months if you complete a switch with CASS and a 0.25% Welcome Boost for 3 months for new customers who deposit £50,000+ into their Savings Pot within 14 days. Rates correct as of 19th December 2025. ‘AER’ stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Subject to eligibility – see Savings Pot Key Product Information for more details.

² Cashback is variable and based on card spend. Exclusions apply. See a full list of limits and fees here.

When are you looking to open an account?

Within 1 week

Within 1-2 weeks

Within 2-4 weeks

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Contact information

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Relationship manager	✔
No monthly fees	✔*
Integrated savings pots with up to 4.08% AER interest	✔**
1% cashback on card spend	✔
1.5% cashback on card spend after £10k spent in a month for remainder of month	✔
Free faster payments	✔*
Free BACS	✔*
FSCS protection (if eligible)	✔
UK-based support team	✔
Manage using mobile app	✔
Manage on the web	✔
Direct credits in	✔
Multiple director access and cards	✔
Integrate with Sage and Xero	✔
Direct Debits out	✔
Schedule payments	✔
ATM withdrawals	✔
Phone support	✔
CHAPS payments	✔ (For a fee of £20)
Deposit cash	✗
Deposit cheques	✗
Bulk payments	✔ (No fees)
Two-person authorisation	✔
Apple Pay®	✔