Aldermore
Challenger bank suited to asset finance, invoice finance and commercial mortgage tickets between £25k and £5m where the borrower has time for proper underwriting and wants a real bank on the other side. It suits established Ltd companies when the deal is asset-backed or property-backed and the speed pressure is moderate. Owned by FirstRand. Broker-introduced rather than self-serve.
Quick verdict
- Product: Asset finance, invoice finance, commercial mortgages.
- Ticket band: Not published for asset or invoice finance; commercial real estate loans of £3m to £100m (its own figures).
- Pricing: Quoted per deal (not published).
At a glance
Aldermore, at a glance
- Legal entity
- Aldermore Bank plc
- Companies House
- 00947662
- Ownership checked
- 23 September 2026, against Companies House and published sources
- Launched as Aldermore
- 2009
- Product
- Asset finance, invoice finance, commercial mortgages
- Ticket range
- Not published for asset or invoice finance; commercial real estate loans of £3m to £100m (its own figures)
- Decision time
- Not published
- Ltd-only
- Yes
Where Aldermore is strong
- Specialist asset finance and invoice finance lines that mainstream banks no longer prioritise.
- Strong commercial mortgage product for property-backed Ltd borrowers at £150k+.
- Established underwriting team with sector specialism, useful for files with complexity that needs a human.
- PRA-regulated bank, which matters to applicants who want a deposit-taking institution rather than a fintech.
Watch-outs, and when another lender may suit better
- Slower than fintech alternatives, so borrowers who need cash inside the week may prefer iwoca, Capify or YouLend.
- Hard search at full application, so it is worth applying only once you're committed.
- Sub-£25k tickets aren't for them; smaller asks may suit iwoca or Capify.
- Sole traders and small partnerships are out of scope.
Best fit applicants
- Established Ltds wanting asset finance or invoice finance with a real bank
- Commercial property tickets £150k+ where the applicant has 2 weeks for underwriting
- Broker-introduced deals with sector complexity
Where Aldermore is the wrong fit
- Speed-critical files, consider iwoca, Capify or YouLend
- Sub-£25k tickets, consider Capify or 365 Business Finance
- Pre-revenue or sub-12-month trading, consider Start Up Loans Company
If declined by Aldermore
If your application to Aldermore is declined, ask the lender for the reason in writing. Some alternatives are named in the watch-outs section above. See also our Aldermore decline guide for what to do next, and our side-by-side guide to Aldermore alternatives for the closest UK specialty finance providers.
Other lenders we list
- 365 Business Finance, Merchant cash advance (revenue-based finance)
- Allica Bank, SME term loan, asset finance + commercial mortgage
- Bizcap, Specialist post-decline / fast cash
- Capify, Short-term business loans and supplier invoice payment
How we rate Aldermore
This review is FundBiz's own editorial assessment, scored against a published framework. See our methodology for how we rate each lender.
FAQ
What can I borrow through Aldermore?
Aldermore offers asset finance, invoice finance, commercial mortgages. Ticket range: Not published for asset or invoice finance; commercial real estate loans of £3m to £100m (its own figures). Typical rate: Quoted per deal (not published).
How long does Aldermore take to decide?
Not published
Who is Aldermore the best fit for?
First on the list: Established Ltds wanting asset finance or invoice finance with a real bank. The full list is under Best fit applicants above.
When might another lender suit better than Aldermore?
First on the list: Speed-critical files, consider iwoca, Capify or YouLend. The other cases are under Where Aldermore is the wrong fit above.
Send an enquiry
Tell us what you need in 2 minutes. FundBiz is not a lender and does not run a credit check. We pass your enquiry to a business finance broker, who will contact you about your options. For limited companies, LLPs and partnerships with four or more partners.
Send an enquiry →Official site: Aldermore
Last updated: . By Adam Parker. FundBiz is owned and operated by Best Business Loans Ltd, directed by Oliver Mackman.