Alternatives to Allica Bank

4 UK specialty finance alternatives to Allica Bank, compared on product type, ticket band, rate, decision time and eligibility.

Allica Bank vs the 4 alternatives

Allica Bank compared with 4 alternatives, last reviewed 2026-05-10
	Allica Bank	OakNorth	Aldermore	Funding Circle	Time Finance
Product	SME term loan + commercial mortgage	SME term loan + bridging	Asset finance, invoice finance, commercial mortgages	Term loan	Asset finance, invoice finance, vehicle finance
Ticket	£150k to £5m	£500k to £50m+	£25k to £5m	£10k to £500k	£10k to £2m
Rate	From 7.99% APR	Bespoke	From 7.5% APR equivalent	6.9% to 26.9% APR	Bespoke
Decision	5 to 10 business days	7 to 14 business days	5 to 10 business days	1 to 3 business days	2 to 5 business days
Soft search	No	No	No	Yes	Yes
Rating	4.4	4.2	4.1	4.3	4.0

OakNorth

7 to 14 business days · Bespoke

Panel top-end lender we route to for £500k+ tickets where the file has the financials to support a bespoke deal. We send established Ltd companies here when the applicant has a clear acquisition, growth or commercial-pro

Best for: £500k+ tickets backed by clear acquisition, growth or property story, Established Ltds with strong financials and time for a proper underwrite.

Aldermore

5 to 10 business days · From 7.5% APR equivalent

Panel challenger bank we route to for asset finance, invoice finance and commercial mortgage tickets between £25k and £5m where the applicant has the time for proper underwriting and wants a real bank on the other side.

Best for: Established Ltds wanting asset finance or invoice finance with a real bank, Commercial property tickets £150k+ where the applicant has 2 weeks for underwriting.

Funding Circle

1 to 3 business days · 6.9% to 26.9% APR

Panel anchor for unsecured term loans between £10k and £500k. We route established Ltd companies with 2+ years trading and clean credit here first when the applicant wants a fixed-repayment term loan rather than a flexi

Best for: Established Ltds with 2+ years trading and clean credit, Working-capital term loans between £25k and £250k.

Time Finance

2 to 5 business days · Bespoke

Panel mid-ticket alternative finance specialist we route to when the file needs asset finance, invoice finance and vehicle finance combined under one lender. Particularly useful for transport, manufacturing and hospitali

Best for: Mid-ticket Ltds combining asset finance, invoice finance and vehicle under one lender, Transport, manufacturing and hospitality SIC codes.

Frequently asked questions

What are the main alternatives to Allica Bank?

The closest UK specialty finance alternatives are OakNorth, Aldermore, Funding Circle and Time Finance. Each is compared above on product type, ticket band, typical rate, decision time and eligibility so you can match a lender to your deal size and trading profile.

How does Allica Bank compare on ticket size and rate?

Allica Bank offers sme term loan + commercial mortgage from £150k to £5m at a typical From 7.99% APR. The alternatives in the table span different ticket bands and rate ranges, so the right fit depends on how much you need and your trading profile.

How quickly does Allica Bank make a decision?

Allica Bank typically reaches a decision in 5 to 10 business days. Decision times for the alternatives are listed in the comparison table; faster is not always cheaper, so weigh speed against rate and ticket fit.

Does Allica Bank do a soft-search quote?

Allica Bank does not offer a soft-search quote at the eligibility stage. Among the alternatives, Funding Circle, Time Finance offer a soft-search quote.

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Last reviewed: 2026-05-10. Editorial by Oliver Mackman.