Allica Bank, the challenger bank for established businesses has reduced its asset finance rate by 0.35% for hard assets.
The reduced rate is available on loans from £150,000 to £2.5m, with applications open until 31st October 2025.
Brandon Hall (pictured), head of sales – asset finance at Allica Bank, said: “We’re always looking at how we can support brokers to deliver the best outcomes for established businesses.
“These businesses are the backbone of the UK economy, responsible for over a third of UK employment, and this rate reduction offers another highly competitive product to help them invest with confidence.
“This is also the lowest rate we’ve offered in three years – exactly what the market needs right now to keep deals moving.”
