Alternatives to Aldermore
4 UK specialty finance alternatives to Aldermore, compared on product type, ticket band, rate, decision time and eligibility.
Aldermore vs the 4 alternatives
| Compared on | Aldermore | Time Finance | Allica Bank | OakNorth | iwoca |
|---|---|---|---|---|---|
| Product | Asset finance, invoice finance, commercial mortgages | Asset finance, invoice finance, vehicle finance | SME term loan, asset finance + commercial mortgage | SME term loan + bridging | Flexi-loan / line of credit |
| Ticket | Not published for asset or invoice finance; commercial real estate loans of £3m to £100m (its own figures) | Not published overall; secured loans of £50k to £500k (its own figures) | £25k to £150k (business loans); up to £15m (commercial mortgages) | £1m to tens of millions | £1k to £1m |
| Rate | Quoted per deal (not published) | Bespoke | Business loans 9.90% to 13.75% interest; other products quoted per deal | Bespoke | From 1.5% per 30 days |
| Decision | Not published | Not published | Money in days on business loans; longer for larger facilities | Typically funds within weeks (OakNorth's own wording) | Same day to 24 hours |
| Soft search | No | Yes | No | No | Yes |
| FundBiz editorial tier | Strong | Strong | Top tier | Strong | Top tier |
Sources: each lender's own published product pages, as recorded in our lender index: Aldermore · Time Finance · Allica Bank · OakNorth · iwoca. Figures change; confirm with the lender before you rely on one.
Time Finance
Not published · BespokeMid-ticket alternative finance specialist that suits businesses wanting asset finance, invoice finance and vehicle finance combined under one lender.
Allica Bank
Money in days on business loans; longer for larger facilities · Business loans 9.90% to 13.75% interest; other products quoted per dealChallenger bank for established businesses: business loans of £25,001 to £150,000, asset finance of £25k to £2.5m and commercial mortgages of £150k to £15m (Allica's own ranges).
OakNorth
Typically funds within weeks (OakNorth's own wording) · BespokeTop-end lender suited to £1m+ tickets (OakNorth lends from £1 million) where the business has the financials to support a bespoke deal.
iwoca
Same day to 24 hours · From 1.5% per 30 daysMainstream lender for flexi working capital.
Frequently asked questions
What are the main alternatives to Aldermore?
The closest UK specialty finance alternatives are Time Finance, Allica Bank, OakNorth and iwoca. The table above sets them side by side with Aldermore.
How does Aldermore compare on ticket size and rate?
Aldermore offers asset finance, invoice finance, commercial mortgages, with tickets of Not published for asset or invoice finance; commercial real estate loans of £3m to £100m (its own figures). Its pricing: quoted per deal (not published).
How quickly does Aldermore make a decision?
Decision time for Aldermore: Not published. Decision times for the alternatives are listed in the comparison table; faster isn't always cheaper, so weigh speed against rate and ticket fit.
Does Aldermore do a soft-search quote?
Aldermore doesn't offer a soft-search quote at the eligibility stage. Among the alternatives, Time Finance and iwoca offer a soft-search quote.
How we ranked these lenders
Every lender is scored on the same four FundBiz criteria: pricing transparency, eligibility clarity, decision speed and treatment of declined applicants. Scores are our own desk-research assessment built from the FCA Register, Companies House filings and each lender's published product sheets, not customer reviews and not hands-on product testing. Each list shows the date it was last updated. Inclusion is never paid for, and FundBiz receives no commission from lenders. FundBiz is paid a fixed fee by a business finance broker for each enquiry we pass on. See our full methodology.
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Send an enquiry →Last updated: . Editorial by Oliver Mackman.