Head to head
Aldermore vs Allica Bank: Which UK Business Finance Provider in 2026?
Side by side: what each lender offers UK limited companies and LLPs, and what each one publishes.
Free · 2 mins
Start here · What do you need?
What Aldermore offers: asset finance, invoice finance, commercial mortgages. Rate: quoted per deal (not published). What Allica Bank offers: SME term loan, asset finance + commercial mortgage. Ticket range: £25,001 to £150,000 (business loans); £25k to £2.5m (asset finance); £150k to £15m (commercial mortgages) (its own figures). Rate: business loans 9.90% to 13.75% interest; other products quoted per deal. Aldermore suits established Ltds wanting asset finance or invoice finance with a real bank. Allica Bank suits established Ltd companies with three or more years of filed accounts. The table below compares typical rate and limited-company rule.
Source: FundBiz methodology. Editorial by Best Business Loans Ltd (16833937).
Aldermore, at a glance
- Product
- Asset finance, invoice finance, commercial mortgages
- FundBiz editorial view
- Best for established Ltds wanting asset finance or invoice finance with a real bank
Allica Bank, at a glance
- Product
- SME term loan, asset finance + commercial mortgage
- FundBiz editorial view
- Best for established Ltd companies with three or more years of filed accounts
Side-by-side
Full profiles: Aldermore · Allica Bank
| Compared on | Aldermore | Allica Bank |
|---|---|---|
| Product type | Asset finance, invoice finance, commercial mortgages | SME term loan, asset finance + commercial mortgage |
| Ticket range | Not published for asset or invoice finance; commercial real estate loans of £3m to £100m (its own figures) | £25,001 to £150,000 (business loans); £25k to £2.5m (asset finance); £150k to £15m (commercial mortgages) (its own figures) |
| Typical rate | Quoted per deal (not published) | Business loans 9.90% to 13.75% interest; other products quoted per deal |
| Decision time | Not published | Decision by the next working day (its own aim) |
| Lender lends to limited companies only | Yes | Yes |
Sources: Aldermore's own site · Allica Bank's own site. Figures change; confirm with the lender before you rely on one.
FundBiz enquiries are for limited companies, LLPs and partnerships with four or more partners. Some lenders on this page also accept other business types; we do not arrange those and do not recommend a lender on that basis.
When Aldermore may fit
- Specialist asset finance and invoice finance lines that mainstream banks no longer prioritise.
- Strong commercial mortgage product for property-backed Ltd borrowers.
- 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.
Best for
Established Ltds wanting asset finance or invoice finance with a real bank, Commercial property borrowers with time for full underwriting, Intermediary-introduced deals with sector complexity.
Watch outs
- 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.
- It doesn't publish a minimum for asset or invoice finance; small, urgent asks may suit iwoca or Capify.
Lender figures and criteria: Aldermore's own site; full notes in our Aldermore review.
When Allica Bank may fit
- A PRA-authorised bank, with FSCS protection on eligible deposit accounts.
- Publishes its business loan interest range (9.90% to 13.75%), so you can see the likely cost before applying.
- For larger needs, asset finance runs to £2.5m and commercial mortgages to £15m (Allica's own ranges); business loans stop at £150,000.
Best for
Established Ltd companies with three or more years of filed accounts, Asset-backed and commercial-mortgage applicants wanting real bank underwriting, Larger facilities where the applicant can wait for relationship-led underwriting.
Watch outs
- Slower than fintech alternatives, so time-critical borrowers may need another lender.
- Hard credit search at full application stage, so it is worth applying only once you're committed.
- Business loans need at least three years of filed accounts, so younger companies may look at Funding Circle or iwoca.
Lender figures and criteria: Allica Bank's own site; full notes in our Allica Bank review.
FAQ
Aldermore or Allica Bank: which is the better UK business finance provider in 2026?
Neither is better for every business. The 'When Aldermore may fit' and 'When Allica Bank may fit' sections above say who each one suits, and the side-by-side table shows what each lender publishes. Check each lender's own criteria before you apply.
Which is weakest for what?
Aldermore is a poor fit for speed-critical files, consider iwoca, Capify or YouLend. Allica Bank is a poor fit for business loans under £25,001, consider Funding Circle or iwoca. If either of those describes your business, look at the side-by-side table for the alternative, or read our other lender reviews.
Can FundBiz help with Aldermore or Allica Bank?
FundBiz is not a lender and is independent of both. This comparison and our lender reviews are editorial research to help you decide which to approach. FundBiz doesn't pass your enquiry to either lender. If you send an enquiry through FundBiz, we pass it to one of the finance partners we work with, who will contact you about your options.
Who can send an enquiry through FundBiz?
The FundBiz enquiry form is for limited companies, LLPs and partnerships with four or more partners. Eligibility for Aldermore and Allica Bank is set by each lender, and trading history requirements vary, so check each lender's own criteria.
How we ranked these lenders
Every lender is scored on the same four FundBiz criteria: pricing transparency, eligibility clarity, decision speed and treatment of declined applicants. Scores are our own desk-research assessment built from the FCA Register, Companies House filings and each lender's published product sheets, not customer reviews and not hands-on product testing. Each comparison shows the date it was last updated. Inclusion is never paid for, and FundBiz receives no commission from lenders. FundBiz is paid a fixed fee by one of the finance partners we work with for each enquiry we pass on. See our full methodology.
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