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Important information

Further information about our Business Rewards Account:

Eligibility criteria

Our Business Rewards Account is a current account designed for established businesses who:

  • are incorporated for a minimum of 12 months
  • keep a balance of £50,000 or more in their account
  • or have a loan product with us

See Key Product Information for further information.

Savings Pot

Rate includes standard rate of 3.58% AER, plus a 0.5% boost each month if you make 15 bank transfers the previous month, and a 0.5% boost for six months if you complete a successful switch with the Current Account Switch Service (CASS). Rates correct as of 11th February 2025. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Cashback

Cashback is variable based on eligibility and spend. See a full list of limits and fees here.

Eligibility criteria

To be eligible, your business must have two full years of financial accounts and be either a Limited Company or LLP registered at Companies House, or a partnership or sole trader that operates 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.

Eligibility criteria

UK-registered limited companies, typically with two years of full financial accounts. Your business must be based in England, Scotland or Wales and trade on a business-to-business basis.

Eligibility criteria

Your business must have two full years of financial accounts and be either a Limited Company or LLP registered at Companies House, or a partnership or sole trader that operates in England, Scotland or Wales.

Businesses can include those trading from freehold/long leasehold property in England, Scotland and Wales e.g. offices (including professional practices), industrial units, mixed-use, warehouses, factories, retail, hotels, guest houses, restaurants, public houses, convenience stores and children’s day nurseries. Security will be required.

Eligibility criteria

Available for UK registered limited companies, LLPs, partnerships and sole traders in England, Scotland and Wales.
 

Flexible finance tailored to your business

Growth finance

Secure up to £10 million with growth finance from Allica to help your business reach its goals. For established UK-based companies with turnover of at least £5 million. Speak to our expert growth finance team today.

Enquire now Product guide (PDF)
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Borrow between £1m - £10m

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Borrow against a mix of assets

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Use a revolving credit or term loan

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Relationship manager

Made to measure

Business growth comes in many forms – that's why growth finance from Allica is designed to be straightforward and flexible. From improving business cashflow to enabling acquisitions or large investment projects, our facilities are tailored to suit specific business needs.

Because all our growth finance customers have a dedicated relationship manager, we take time to understand the working capital requirements and growth aspirations of your business. We can then tailor the finance to help your business achieve its goals.

made-to-measure

Growth finance rates

£1 million
Min. loan
£10 million
Max. loan
3 - 5 years
Term
Bespoke
Funding type

Available for: UK-registered limited companies, typically with two years of full financial accounts. Your business must be based in England, Scotland or Wales and trade on a business-to-business basis.

Eligibility

Our Business Rewards Account is a current account designed for established businesses who:

  • are incorporated for a minimum of 12 months
  • keep a balance of £50,000 or more in their account
  • or have a loan product with us

Businesses keeping less than £50,000 in the account may earn a reduced rate of interest or may incur fees.

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How can growth finance help my business?

From a term loan to a revolving credit facility, Allica Bank's growth finance facilities can be used in a variety of ways by small and medium-sized businesses to achieve growth.

  • Expansion – invest in growth opportunities, such as new product lines, machinery or locations.
  • Management buy-out/buy-in – to help secure the future of your business.
  • Refinance – release capital in existing assets or restructure existing debt.
  • Business acquisition – fast-track your business growth by taking over another business.
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“We chose Allica because we weren’t getting the support from our bank. When we looked around, Allica were very enthusiastic to help us grow.”
Gareth Hickling
Managing Director, KCM Waste Management

We’re giving established businesses the banking they deserve

Transforming relationship banking with great rates, smart people and powerful technology. It’s a new take on an old idea – just like our orange hats.

See the difference a better bank can make

Enquire now

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

 

Please ensure you meet our eligibility criteria.

 
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