Head to head
Allica Bank vs Capital on Tap: Which UK Business Finance Provider in 2026?
Independent, side by side. Rate, ticket band, decision speed and eligibility compared for UK limited companies and LLPs.
Start here · What do you need?
Allica Bank is the stronger all-round pick in our reviews, but Capital on Tap wins on specific files. Allica Bank offers SME term loan, asset finance + commercial mortgage (ticket range: £25k to £150k (business loans); up to £15m (commercial mortgages); rate: Business loans 9.90% to 13.75% interest; other products quoted per deal); Capital on Tap offers business credit card with revolving credit line (ticket range: Up to £250k credit limit; rate: From 13.86% APR (variable); no interest on card spend if the balance is cleared in full). The right answer depends on ticket size, trading history and sector. Capital on Tap beats Allica Bank for cash-flow cards on monthly cycle. Read the side-by-side, then jump to the "When Allica Bank wins" and "When Capital on Tap wins" sections for the buyer-fit logic.
Source: FundBiz methodology. Editorial by Best Business Loans Ltd (16833937).
Allica Bank, at a glance
- Product
- SME term loan, asset finance + commercial mortgage
- Ticket range
- £25k to £150k (business loans); up to £15m (commercial mortgages)
- Typical rate
- Business loans 9.90% to 13.75% interest; other products quoted per deal
- Decision time
- Money in days on business loans; longer for larger facilities
- FundBiz editorial view
- Stronger all-round; best for established Ltd companies with three or more years of filed accounts
Capital on Tap, at a glance
- Product
- Business credit card with revolving credit line
- Ticket range
- Up to £250k credit limit
- Typical rate
- From 13.86% APR (variable); no interest on card spend if the balance is cleared in full
- Decision time
- Decision in 2 minutes (Capital on Tap's own figure)
- FundBiz editorial view
- Wins on specific files; best for cash-flow cards on monthly cycle
Side-by-side
Full profiles: Allica Bank · Capital on Tap
| Compared on | Allica Bank | Capital on Tap |
|---|---|---|
| Product type | SME term loan, asset finance + commercial mortgage | Business credit card with revolving credit line |
| Ticket range | £25k to £150k (business loans); up to £15m (commercial mortgages) | Up to £250k credit limit |
| Typical rate | Business loans 9.90% to 13.75% interest; other products quoted per deal | From 13.86% APR (variable); no interest on card spend if the balance is cleared in full |
| Decision time | Money in days on business loans; longer for larger facilities | Decision in 2 minutes (Capital on Tap's own figure) |
| Soft search at quote | No (hard search) | Yes |
| Ltd-only? | Yes | No |
Sources: Allica Bank's own site · Capital on Tap's own site. Figures change; confirm with the lender before you rely on one.
FundBiz enquiries are for limited companies, LLPs and partnerships with four or more partners. Some lenders on this page also accept other business types; we do not arrange those and do not recommend a lender on that basis.
When Allica Bank wins
- Genuine PRA-regulated bank with FSCS protection on linked deposit accounts, which matters to risk-averse borrowers.
- Rate transparency is among the cleanest of the lenders we review.
- A strong option for £250k+ tickets, alongside Funding Circle and OakNorth.
- Real underwriter on the case, so files with complexity that need a human get one.
Best for
Established Ltd companies with three or more years of filed accounts, Asset-backed and commercial-mortgage applicants wanting real bank underwriting, Larger facilities where the applicant can wait for relationship-led underwriting.
Watch outs
- Slower than fintech alternatives, so time-critical borrowers may need another lender.
- Hard credit search at full application stage, so it is worth applying only once you're committed.
- Business loans need at least three years of filed accounts, so younger companies may look at Funding Circle or iwoca.
When Capital on Tap wins
- Applying won't affect your credit score and the decision comes back in minutes, per Capital on Tap's own site (checked 23 September 2026).
- No interest if statement balance is cleared in full each month.
- Unlimited 1% cashback on card spend, redeemable for cash, Avios, gift cards or against the balance (Capital on Tap's published terms).
Best for
Cash-flow cards on monthly cycle, Borrowers wanting same-day approval.
Watch outs
- Cash-advance APR materially higher than card-spend APR; using it as cash erodes the maths.
- Personal guarantee required from a director.
- Credit limit can be reset down without warning if account behaviour changes.
FAQ
Allica Bank or Capital on Tap: which is the better UK business finance provider in 2026?
Allica Bank is our stronger all-round pick in our reviews, but the right answer depends on what your file looks like. Allica Bank is the stronger pick for established Ltd companies with three or more years of filed accounts, while Capital on Tap is the stronger pick for cash-flow cards on monthly cycle. If your file sits in one of those buckets, pick the right fit rather than the headline. See our /methodology/ for how we assess each lender.
What does each product look like, Allica Bank vs Capital on Tap?
Allica Bank offers SME term loan, asset finance + commercial mortgage (ticket range: £25k to £150k (business loans); up to £15m (commercial mortgages); rate: Business loans 9.90% to 13.75% interest; other products quoted per deal; decision time: Money in days on business loans; longer for larger facilities).
Capital on Tap offers business credit card with revolving credit line (ticket range: Up to £250k credit limit; rate: From 13.86% APR (variable); no interest on card spend if the balance is cleared in full; decision time: Decision in 2 minutes (Capital on Tap's own figure)).
Allica Bank runs a hard credit search at full application. Capital on Tap uses a soft search at quote. Verify live commercials before signing because lender pricing moves and bespoke rates are common above £100k tickets.
Which is weakest for what?
Allica Bank is the wrong answer for business loans under £25,001, consider Funding Circle or iwoca. Capital on Tap is the wrong answer for long-tenor capex finance. If either of those describes your file, look at the side-by-side table for the alternative, or read our other lender reviews.
Can FundBiz help with Allica Bank or Capital on Tap?
FundBiz is not a lender and is independent of both. This comparison and our lender reviews are editorial research to help you decide which to approach. FundBiz doesn't send enquiries to lenders. If you send an enquiry through FundBiz, we pass it to a business finance broker, who will contact you about your options.
Who can send an enquiry through FundBiz?
The FundBiz enquiry form is for limited companies, LLPs and partnerships with four or more partners. Eligibility for Allica Bank and Capital on Tap is set by each lender, and trading history requirements vary, so check each lender's own criteria.
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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 comparison 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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Tell us what you need in 2 minutes. FundBiz is not a lender and does not run a credit check. We pass your enquiry to a business finance broker, who will contact you about your options. For limited companies, LLPs and partnerships with four or more partners.
Send an enquiry →FundBiz is owned and operated by Best Business Loans Ltd, directed by Oliver Mackman. Last updated: . Editorial by Best Business Loans Ltd (16833937).