[ad_1]
Allica Bank has enhanced its soft asset finance services, providing brokers and clients with improved access when financing non-standard assets.
The bank has extended its range of financeable assets to include items such as restaurant and office fit-outs, various software, park homes, holiday pods and air conditioning systems, among others.
This expansion aims to provide brokers and their clients with a selection of assets for financing, building upon the bank’s existing support for IT and office equipment, leisure and telecoms, scaffolding, security and gym equipment.
The new offer is already in effect, with Allica Bank having recently financed a paddle court for an established operator.
The expansion is part of Allica Bank’s response to a recent survey indicating a need for more flexible funding options to assist mature businesses in their growth and operational needs.
In addition to widening its soft asset finance offering, Allica Bank has implemented a temporary rate cut of 0.35% for hard assets over the value of £150,000 ($202,327).
This rate reduction is available until the end of October 2025, aiming to provide more affordable financing options for larger investments.
Allica Bank Asset Finance sales head Brandon Hall said: “It is important that we listen to the brokers that are supporting established businesses. They see first hand what their clients need, and by broadening our support for soft assets, it will make it easier for established businesses to say yes to more opportunities and invest with confidence.
“Business owners are fighting an uphill battle when it comes to lending, with the UK now having the lowest lending rates in the G7. At Allica, we want to help to fix that, which means keeping broker deals moving and giving established businesses access to finance where it matters most.”
Last month, Allica Bank engaged in a sponsorship deal with young racing driver Daniella Sutton, supporting her career goals in motorsport.
The partnership, which positions Allica Bank as her official banking partner, is set to last until the end of 2026.
“Allica Bank expands soft asset finance options for brokers and clients ” was originally created and published by Leasing Life, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
[ad_2]
Source link
