Allica Bank

Our asset finance team has had an incredible 2024 so far 🚀. After reaching £500 million of lending in April, introducing a quote calculator and improving our asset refinance offer, we are now excited to share the results from our latest broker survey, completed by 150 of our asset finance brokers: ⭐️ 96% rated their overall experience with Allica Bank as excellent or good. ⭐️ 98% said their experience working with Allica's Business Development Manager was excellent or good. ⭐️ 87% rated speed of credit decisioning as excellent or good. ⭐️ 92% rated speed of payout as excellent or good.   We had some really valuable feedback on how we might further improve our asset finance proposition, too, and we’re already working to deliver this for you. Thank you to all our broker community for your fantastic feedback and support. It's helping us to provide the business banking that your clients deserve.   Brandon Hall Craig Edwards Eshna Harper Arshad Miah Emma Lindsay Tracy Millsom Daniel Kneafsey Alexander Fowler Natalie Gates Ehsan Raza Kyle Tillyer   #businessbanking #assetfinance #assetrefinance #brokers #SMEfinance

Another business supported with a £1.9 million owner-occupied commercial mortgage👏   This time it’s for a family-owned business with nearly 70 years of history, based in Watford, which specialises in window treatments and soft furnishings. They create bespoke products for clients of all sizes, both in the UK and internationally. Seeking to refinance away from a high street lender, we were happy to help them out with a better deal.     Speaking about it, Lily Stroud-Li-Rocchi, Buy to Let Sales Manager at Commercial Trust Ltd. said, “Working with Allica on this case has been fantastic for both me and my client. We brought to Allica a case of a commercial and a residential unit, and they merged the two to offer a blended rate. With their generous rate discounts for Energy Performance Certificates (C+), large loan size and high interest coverage ratio (ICR), Allica offered a rate of 5.7%, which is incredible in today’s market!”    “Being able to extensively discuss the case with Allica’s Business Development Manager, Sophie Jones-Trutwein, prior to submission meant I felt confident in my recommendation to my client. I was copied into all correspondence from both Allica and their solicitors, meaning I knew where we were every step of the way and was able to advise my client accordingly. The client was committed to a timescale to complete by their previous lender and the case was treated in a very timely manner. Happy client and happy broker!”    Well done to Sophie Jones-Trutwein and everyone involved 👏    #brokers #commercialmortgages #SMEfinance #businessbanking 

Did you know that, if your business has £500,000 in surplus cash on the balance sheet, you’re missing out on £15,000 a year by keeping it with the big banks?   Allica’s latest Monthly Savings Tracker for August has revealed that businesses are offered up to 3.01% AER extra on their instant access savings by challenger banks.   With many businesses feeling the pinch of inflation over the past few years, business owners might feel pretty good about an additional £15,000 of headroom, or to invest in growing their business.   Find out more at savingssqueeze.com and sign our petition to help us call for change and get businesses the interest rates their hard work deserves.   #GreatBritishSavingsSqueeze #SMEs #SMEfinance #businessbanking #savings

Following recent policy changes, parents of children over two-years-old are eligible for 15 hours of government-funded childcare per week, with plans to increase this even further in coming years. The day nursery sector is having to invest and adapt to meet this boom in demand, with brokers playing a vital role in helping them find the right finance to do so. But it's a complex and unique lending market. In our latest Brokercast episode, Allica’s Specialist Healthcare Relationship Managers, Garry Wilkinson and Brian Bovell DipPFS, discuss Allica's tailored approach to day nursery lending and explore how these policy changes are going to affect the market. 🗞️ Watch the full video or read the blog here: https://lnkd.in/eDPP59KJ #brokers #businessbanking #SMEfinance #childrensdaynursery #childcare

What a game! ⚽️Last week, Allica’s football team met face-to-face with Beavis Morgan LLP for a friendly match. Allica has been enjoying a great partnership with the accountancy firm, who we've been working with for a little while now. Despite being almost 30 degrees outside, both teams did well and played out a 6-6 draw 👏 After the match Jonathon Downton from Beavis Morgan LLP commented: "It was great to meet some of the team at Allica Bank and to play out a 6-6 draw in stiflingly hot conditions. I think everyone was relieved when the full-time whistle blew!" "This match perfectly symbolises our ongoing partnership with Allica Bank, where teamwork and collaboration are essential. By combining our expert accounting, tax, wealth management, and advisory services with Allica Bank’s tailored lending, current account and savings products – all underpinned by modern technology – we're jointly empowering SMEs and helping to drive the growth and success of our clients.”   Well done to the Allica and Beavis Morgan LLP teams 👏 Very much looking forward for a re-match (in cooler conditions).   #accountants #businessbanking #football

We’ve been enjoying working with Tennick Accountants to support their clients with their business current accounts 💳 🤝    A solid relationship between accountancy firm, business owner and bank can really make a difference in helping your clients achieve their goals.   Graeme Tennick FCCA, Chief Impact Officer at Tennick Accountants, commented: "We partnered with Allica because, like us, they value relationships. Whilst we’re both involved at a transactional level with our clients’ businesses, we also share a passion beyond that, supporting our clients to build and grow successful businesses.  We’ve introduced several clients to our Allica Partnerships Executive and have been impressed with the amazing setup and support they provided, and the ongoing communication and help we’ve received. Allica share our values and our passion for established businesses, and this is a relationship that we expect to flourish."    Graeme Tennick FCCA Laura Johnson FCCA Lisa Lockhart Serene Murphy Agata Rinkeviciute    #businessbanking #accountants #accountantsspotlight #Newcastle  

"Moving over to Allica was the best thing we've ever done, because these guys just make things so much easier than the high-street banks." Thanks for the kind words, Chloe Smith 🧡 And congrats again to you, jeff smith and bigmoose for winning a Great British Entrepreneur Award! 👏 Always good to support another orange business! Matt West Great British Entrepreneur Awards & Community #GBEA

Calling all Businesses in Ipswich & Colchester 📣 If you think you have heard of us at Allica Bank you may just have. Whether that’s being the Sunday times fastest growing company in Britain this year or the continued presence of myself and my peers across the country. Well now you can hear about us in Ipswich and Colchester, at your local bus stop, railway station and main roads. We’re here to support established SME’s that would like a bank to be how it used to be, but just better. What separates us from the other banks you ask? ➡️A dedicated Relationship Manager ➡️Cashback up to 1.5% on debit card spend ➡️A current account that pays you 4.33% AER on instant access. ➡️No monthly fees ➡️All managed on online and mobile banking options. Get in touch if you’d like to discuss this further. https://www.allica.bank/ #AllicaBank #BusinessBanking #SMEs #IpswichandColchester

Another successful partnership!    It’s been a pleasure working with Neil Hardiman and Sarah Hardiman from Stoke Park Finance to support their client, a well-established coach travel business, with £452,000 of asset finance for luxury coaches. This is a definite deal of the month 🤩    Speaking about their experience with Allica, Neil and Sarah said: “We find Allica Bank good to work with because they are straightforward and transparent in their dealings with us and have a commercial approach to credit approvals. Processes are smooth, including a prompt turnaround in credit and at payout. Our Business Development Manager, Daniel Kneafsey is on the ball at all times and makes it very easy to do business with Allica.”    Daniel Kneafsey, Allica’s Business Development Manager – Asset Finance, commented: “The relationship between Stoke Park Finance and Allica is stronger than ever. Their proposal quality shows their knowledge in the sector is second to none and they care about their clients. We have a good understanding of how each other works, which has led to a high rate of application approvals. Sarah, Neil and the team at Stoke Park Finance are great people and it is a real pleasure working with them.”    #brokers #assetfinance #businessbanking #SMEfinance 

Not for the faint-hearted this one 👻 Allica Bank has just helped secure the future of the UK’s most-haunted pub!   The Devil’s Stone Inn in Devon is renowned for its spooky past, alongside being a thriving community hub. Its owner, Suzy Cremer, was looking to refinance an expensive bridging loan. By talking to her relationship manager at Allica Bank, Matt West, she’s now saving £1,000 a month, giving the business much-welcomed extra financial head-room.   With enviable Tripadvisor reviews, a five-star kitchen rating and a listing in the CAMRA Good Beer Guide, Suzy and her husband Lee have now turned their attention to how else they can develop The Devil’s Stone Inn.   “With Matt’s help, refinancing with Allica Bank has taken a lot of pressure off. We now have the head-room to start thinking about next steps for the pub, including further investment in our accommodation and an outdoor kitchen with a pizza oven so that more people can enjoy the pub and its beautiful outlook over the countryside.”   Read the full story: https://lnkd.in/e6EQAJBh #devon #devonbusiness #pubs #hospitality #communitypub #SMEfinance #SMEs