Business Loans

Get a decision in principle

See if you’re eligible and get your rate first. All we need is your company name and your required loan amount, term, and fee structure.

Complete your application

When you apply, you'll need to share bank statements, company and management accounts, and details of all other debts. You’ll also have to consent to personal credit searches for directors and beneficial owners.

Underwriter review

Submit your application for review by one of our underwriters. If we need any more information from you, we’ll ask at this stage.

Approval and drawdown

If everything’s in order, we complete the formalities and you get the money in your account. Fast, straightforward, and the start of an exciting time for your business.

Featured customer stories

Rainbow Productions

This mascot-maker expanded their premises with Allica’s help.

South East

Ashley Care Group

Ashley Care Group purchased their fifth care home within six weeks.

South East

Kinder City

Nursery chain, Kinder City, acquired their premises so that they could invest in it and grow.

South East

The Devil's Stone Inn

The Devil’s Stone Inn are saving £1,000 a month in repayments after remortgaging with Allica.

South West

What interest rates can my business expect on a business loan?

With Allica, what you see is what you get. We’re happy to be upfront about our rates, which range from 9.90% to 13.75%. You’ll get an indicative rate with your decision in principle, which takes just a few minutes. The exact rate you’re offered will depend on the details of your application, business, and guarantors.

How are the loans secured?

Our business loans are secured by a personal guarantee from your company’s director(s) who are ultimate beneficial owner(s).

What turnover and trading history do I need to qualify?

Your business will need to have filed at least three years of accounts, as well as providing evidence of at least 150% debt service cover. Only limited companies and limited liability partnerships in England, Scotland, and Wales can apply.

Are there arrangements or early repayment fees?

With Allica, you’ll pay a 3% arrangement fee. You can choose to add the arrangement fee to your loan balance or we can subtract it from your loan amount. As for early repayment charges – there are none. You can repay the loan early and it won’t cost you anything extra.

What financial information will the company need to provide?

As part of your full application, you’ll be asked to provide supporting documents. These will include:

If you’re borrowing up to £75,000, we’ll need to see three months of business bank statements. We’ll also need to see 12 months of management accounts (less than 60 days old) or your full accounts from the last two years (less than six months old).

If you’re borrowing over £75,000, we’ll need to see six months of business bank statements. We’ll also need to see the two years of accounts, plus management if your last filed accounts are more than six months old.

You may also be asked to provide a statement of Assets, Liabilities, Income and Expenditure after you have submitted your application. If we need this, we’ll let you know directly and share a template to make it easier to complete.

Expand for more answers +

Criteria	Description
Loan size	£150,000 to £15 million
Repayment type	5-year interest only 5-year partially amortising
Arrangement fee	2.0%
Debt service cover	Commercial: 130% Semi-commercial: 120% Repayment cover calculated at pay rate for fixed rate mortgages and pay rate plus 2% for variable rates.
Early repayment charges	5 year fixed: 5%, 4%, 3%, 2%, 1% (years 1–5) Variable: 3% for the first 5 years

Criteria	Description
Loan size	£150,000 to £10 million
Repayment type	30 year capital & interest 5-year interest-only available at the start of the loan term for loans up to 75% LTV
Arrangement fee	1.5%
Debt service cover	130% Calculated on the rate not including the current account discount Repayment cover calculated at pay rate for fixed rate mortgages and pay rate plus 2% for variable rates
Early repayment charges	5 year fixed: 5%, 4%, 3%, 2%, 1% (years 1–5) Variable: 3% for the first 5 years
Owner-occupied hotels	Loans over 80% of VP value must be fully amortising from day one Personal guarantee to be given for any amount in excess of 70% of VP value

Criteria	Description
Loan size	£200,000 to £15 million
Repayment type	5-year interest only
Arrangement fee	2.0%
Interest cover	130% standard, 145% higher rate taxpayer Gross rent used for residential/ MUFB applications if; evidence of 3 months' loan repayments in cash via bank statements and one UBO/director with Experian Consumer score of 881+ plus a supporting personal guarantee. Otherwise we will use net rent assumption of gross rent minus 10%. HMO properties will always be assessed using gross rent minus 25%
Early repayment charges	5%, 4%, 3%, 2%, 1% (years 1–5)

Criteria	Description
Loan size	£500,000 to £15 million £5 million maximum loan for first time buyers
Repayment type	Capital and interest Experienced operators: 30 years First time operators: 20 years
Arrangement fee	1.5%
Debt service cover	130% adjusted EBITDA for children’s nurseries and experienced care operators 150% adjusted EBITDA for care first-time buyers Repayment cover calculated at pay rate for fixed rate mortgages and pay rate plus 2% for variable rates
Minimum size	Care homes: 20 bedrooms Specialist care: 4 bedrooms, if one or two properties, and flexible if there are three or more properties Children's nurseries: 40 places
Early repayment charges	5 year fixed: 5%, 4%, 3%, 2%, 1% (years 1–5) Variable: 3% for the first 5 years
Specialist care operators	Children’s learning disability care Adult learning disability residential care Adult supported living Minimum of three years as a specialist care home owner-operator required

Criteria	Description
Loan size	£150,000 to £10 million
Maximum loan to value	75% for residential and semi-commercial properties, 70% for commercial
Term	Up to 24 months
Fees	Arrangement fee of 2%, deducted from advance
Borrowers	UK registered limited companies, LLPs, partnerships and sole traders
Security	First legal charge over freehold or long leasehold title(s)
Insurance	Title insurance and search indemnity applied where possible
Valuations	AVMs and desktop valuations available up to 70%
Interest	Retained or serviced

Criteria	Description
Borrowers	UK registered limited companies, LLPs, partnerships and sole traders
Cost plan	Cosmetic: Higher of 15% of OMV, or £50,000 per property. Light: Higher of 50% of OMV, or £75,000 per property. Medium: Higher of 100% of OMV, or £100,000 per property.
Monitoring	Cosmetic and Light refurbishment to be monitored by our asset manager. Medium Refurbishment to be monitored by our QS.
Valuations	Full RICS valuation
Interest	Rolled. Rates are fixed and charged daily in arrears
Refurbishment type	Cosmetic: Works to improve speed of letting and compliance with regulations. Examples include redecoration, EPC improver works, compliance with utility regulations, boiler upgrades, modernisation. Light: As with Cosmetic, but higher cost plan. Medium: Loft conversions, reconfigurations, single story extensions, commercial to residential schemes.

Fast finance for established businesses

Allica business loans at a glance

Finance is fuel

Your loan, your terms

Early birds welcome

Clear rates, right away

Get an estimate in minutes, get your money in days

Fuel for established businesses

Growing the team

Funding marketing plans

New product development

Upgrades and updates

Managing annual expenses

One-off spending

What is a business loan?

Why businesses borrow from Allica

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DIY with a VIP feeling

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Businesses backed by Allica

Featured customer stories

Frequently asked questions

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