Aldermore
Panel challenger bank we route to for asset finance, invoice finance and commercial mortgage tickets between £25k and £5m where the applicant has the time for proper underwriting and wants a real bank on the other side. We send established Ltd companies here when the deal is asset-backed or property-backed and the speed pressure is moderate. Owned by FirstRand. Broker-introduced rather than self-serve.
Quick routing verdict
- Product: Asset finance, invoice finance, commercial mortgages.
- Ticket band: £25k to £5m.
- Decision time: 5 to 10 business days.
- Pricing: From 7.5% APR equivalent.
- FCA-authorised.
At a glance
- Legal entity
- Aldermore Bank plc
- Companies House
- 00947662
- Founded
- 2009
- Product
- Asset finance, invoice finance, commercial mortgages
- Ticket range
- £25k to £5m
- Decision time
- 5 to 10 business days
- Ltd-only
- Yes (FundBiz routes Ltd / LLP / partnerships of 4+ only regardless)
- Last reviewed
- 2026-06-12
Why we route here
- Specialist asset finance and invoice finance lines that mainstream banks no longer prioritise.
- Strong commercial mortgage product, so we route property-backed Ltd applicants here at £150k+.
- Established underwriting team with sector specialism, useful for files with complexity that needs a human.
- PRA-regulated bank, which matters to applicants who want a deposit-taking institution rather than a fintech.
When we route elsewhere
- Slower than fintech alternatives, so applicants who need cash inside the week route to iwoca, Capify or YouLend instead.
- Hard search at full application means we only push files here once the applicant is committed.
- Sub-£25k tickets are not for them, route smaller asks to iwoca or Capify.
- Sole traders and partnerships under 4 partners are out of scope (and out of FundBiz scope generally).
Best fit applicants
- Established Ltds wanting asset finance or invoice finance with a real bank
- Commercial property tickets £150k+ where the applicant has 2 weeks for underwriting
- Broker-introduced deals with sector complexity
Where Aldermore is the wrong fit
- Speed-critical files, route to iwoca, Capify or YouLend
- Sub-£25k tickets, route to Capify or 365 Business Finance
- Pre-revenue or sub-12-month trading, route to Start Up Loans Company
If declined by Aldermore
If your application to Aldermore is declined, the FundBiz post-decline matcher routes by decline reason. Common alternatives in our panel are listed in the "When we route elsewhere" section above. See also our Aldermore decline runbook for sector-specific routing detail, and our side-by-side guide to Aldermore alternatives for the closest UK specialty finance providers.
Other panel lenders
- 365 Business Finance, Merchant cash advance
- Allica Bank, SME term loan + commercial mortgage
- Bizcap, Specialist post-decline / fast cash
- Capify, Merchant cash advance + term loan
Editorial reviews
For independent editorial reviews of Aldermore and the wider UK SMB lending market, see our sister site BestBusinessLoans.
Run the matcher
Tell us your turnover, sector and ticket size. We score against Aldermore and the wider FundBiz panel, then surface the lenders most likely to approve. Limited companies, LLPs and partnerships of 4+ only.
Open matcher →Last reviewed: 2026-06-12. By Oliver Mackman.