Asset Finance

Unlock the tools your business needs to grow

Allica Bank Asset Finance can boost your business with up to £1,000,000 of straightforward and flexible finance.

NACFB - Business bank of the year 2022       BBA-2022       

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Dedicated relationship manager

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Borrow £25k to £1m

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Repayment terms up to 7 years

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Recovery Loan Scheme available

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Asset finance made simple

Asset finance lets your business purchase the latest equipment and tools it needs to drive productivity and expand.

You pay a set amount each month to use the asset, rather than paying the full upfront cost. Then, when you’ve made the last repayment, it belongs to you. It can be a great way to purchase new equipment and keep a handle on your cashflow.

At Allica Bank Asset Finance, we use tailored expertise and modern technology to provide asset finance specifically designed to meet the needs of established businesses. This means:

  • Straightforward products
  • Fast decision-making
  • Easy access to real human support and expertise
Hard, medium and soft assets

Minimum loan

£25,000*

Maximum loan

£1 million

Maximum advance

100%

Maximum Term

7 years

Documentation fee

£295

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*For sole traders and partnerships, the minimum loan size is £25,001

Available for: UK-registered limited companies, LLPs, partnerships, and sole traders, typically with two years of full financial accounts, based in England, Scotland or Wales.

Businesses can access a range of hard, medium and soft assets including manufacturing equipment, transportation, plant and machinery, materials handling equipment, textile equipment, robotics, medical equipment, scaffolding, telecoms and more. 

Read our product guide for the full list of available assets or further detail on our fees here.

Tariff of fees Product guide

Full expensing

In the 2023 Budget, the government introduced a tax incentive to encourage businesses to invest in their plant and machinery.

Full expensing allows companies to write off the cost of investment in one go. For every pound a company invests, their taxes are cut by up to 25p. ​

This includes assets bought using asset finance. Speak to an Allica Bank relationship manager to see how your business could benefit.

Find out more

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How can asset finance help your business?

Whether you’re a haulier ramping up capacity, a business keeping staff mobile with a greener, more efficient fleet or a construction firm building for the future with the latest equipment, asset finance could help.

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Move it

Acquire the fleet you need to get your staff and stock from A to B quicker and more sustainably.

Make it

Enhance your manufacturing processes by modernising your machinery.

Store it

From forklift trucks to climate control, ensure your warehouse is kitted out for maximum efficiency.

Replace it

Whatever plant and machinery you use, make sure your business is using the best.

Growth Guarantee Scheme

Allica Bank is approved to offer asset finance through the Growth Guarantee Scheme. It’s a government initiative designed to support access to finance for UK small and medium businesses as they look to invest and grow.

 

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Learn more

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Want to introduce your client?

With our intuitive Introducer Portal and access to our team of SME lending experts, brokers can expect clarity, consistency and collaboration from us every step of the way.

Become an Introducer

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What is asset finance?

Asset finance is when a finance provider helps your business purchase new assets or equipment, using the asset as security. In return, you make repayments to the provider over a set time period, usually with a small amount of interest.

It helps you acquire the newest and best assets to run your business, without causing a big hole in your cash flow. For example:

  • manufacturing equipment
  • production equipment
  • transportation
  • plant and machinery
  • materials handling equipment
  • agricultural equipment
asset-finance-sector

What is asset finance?

Asset finance is when a finance provider helps your business purchase new assets or equipment, using the asset as security. In return, you make repayments to the provider over a set time period, usually with a small amount of interest.

It helps you acquire the newest and best assets to run your business, without causing a big hole in your cash flow. For example:

  • manufacturing equipment
  • production equipment
  • transportation
  • plant and machinery
  • materials handling equipment
  • agricultural equipment

Enquire now

Speak to our team about how we could help your business with asset finance.

Call us

0330 094 3333

Monday to Friday (excl. Wednesday) from 9.00am to 5.00pm, and Wednesday 9.30am to 5.00pm.

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Allica Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (FRN: 821851). Registered office: 4th Floor, 164 Bishopsgate, London EC2M 4LX. Registered in England and Wales with company number 07706156.

Allica Bank savings accounts and business current account products are regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Allica Bank lending products are not regulated products.

Asset finance and growth finance services are provided by Allica Financial Services Limited trading as Allica Bank Asset Finance. Registered office: 4th Floor, 164 Bishopsgate, London EC2M 4LX. Incorporated under the laws of England and Wales with company number 12784979. Allica Financial Services Limited is not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. The asset finance and growth finance products offered by Allica Bank Asset Finance are not regulated products.

Bridging Finance services are provided by Tuscan Capital Limited. Tuscan Capital Limited is not authorised or regulated by the PRA or FCA. Bridging Finance products offered by Tuscan Capital Limited are not regulated products.