Allica Bank
Panel challenger bank we route to for £150k to £5m term-loan and commercial mortgage applicants. We send established Ltd companies here when the deal is in the band the high street has abandoned and the applicant wants real underwriting and rate transparency rather than a self-serve fintech rate. First-call lender for asset-backed Ltd companies needing serious facility size.
Quick routing verdict
- Product: SME term loan + commercial mortgage.
- Ticket band: £150k to £5m.
- Decision time: 5 to 10 business days.
- Pricing: From 7.99% APR.
- FCA-authorised.
At a glance
- Legal entity
- Allica Bank Limited
- Companies House
- 11470391
- Founded
- 2019
- Product
- SME term loan + commercial mortgage
- Ticket range
- £150k 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
- Genuine PRA-regulated bank with FSCS protection on linked deposit accounts, which we lean on for risk-averse applicants.
- Rate transparency is among the cleanest on our panel, which makes the matcher quote credible.
- First-choice lender on our panel for £250k+ tickets where Funding Circle and OakNorth are the alternative routes.
- Real underwriter on the case, so files with complexity that need a human get one.
When we route elsewhere
- Slower than fintech alternatives, so we send time-critical applicants elsewhere.
- Hard credit search at full application stage, so we confirm applicant intent before pushing the file across.
- Below £150k they will not engage, so we route sub-£150k Ltd applicants to Allica alternatives like Funding Circle, Aldermore or iwoca.
- Personal guarantee almost always required, which we flag at matcher stage so the applicant is not surprised.
Best fit applicants
- Established Ltd companies with £250k to £5m tickets
- Asset-backed and commercial-mortgage applicants wanting real bank underwriting
- Applicants who can wait 5 to 10 business days for a decision
Where Allica Bank is the wrong fit
- Sub-£150k tickets, route to Funding Circle, iwoca or Aldermore
- Speed-critical files, route to iwoca or Capify
- Sub-2-year trading, route to iwoca or Start Up Loans Company
If declined by Allica Bank
If your application to Allica Bank 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 Allica Bank decline runbook for sector-specific routing detail, and our side-by-side guide to Allica Bank alternatives for the closest UK specialty finance providers.
Other panel lenders
- 365 Business Finance, Merchant cash advance
- Aldermore, Asset finance, invoice finance, commercial mortgages
- Bizcap, Specialist post-decline / fast cash
- Capify, Merchant cash advance + term loan
Editorial reviews
For independent editorial reviews of Allica Bank 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 Allica Bank 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.