Banking

Allica Business Overdrafts

Allica Bank launches business overdrafts of up to £2m for SMEs

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Allica Bank has launched a new business overdraft aimed at established small and medium-sized enterprises (SMEs), as the challenger bank looks to address what it describes as a £15 billion shortfall in working-capital funding for UK businesses. The introduction of overdrafts for businesses comes against a backdrop of a dramatic long-term decline in overdraft availability. […]

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Brandon Hall, Head of Asset Finance Sales at Allica Bank

Allica Bank Hits £1bn Asset Finance Lending Averaging 750 Monthly Applications

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Business Bank Allica Bank has passed a major milestone in the UK’s SME lending market, announcing it has now delivered more than £1 billion in asset finance lending since launching its proposition in 2021. Allica Bank says demand from brokers has accelerated sharply, with Allica now receiving an average of around 750 broker applications per

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Mortgage Advisers

Allica Bank Cuts Commercial Mortgage and Bridging Rates by Up to 1.3%

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Allica Bank has announced its “most significant pricing change yet”, cutting commercial mortgage and bridging finance rates by as much as 1.3% in a move designed to win business from high street lenders and boost support for established SMEs. The changes were unveiled live to more than 500 broker partners, with Nick Baker, Allica’s Chief

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Challenger Banks Compared

Who are the best challenger banks in the UK for 2026?

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Challenger bank accounts are newer, digital-only (and sometimes app only) entrants to the financial markets, which compete directly with established banks. They often do this by playing to their strengths as a smaller organisation and offering a specialism which has been underserved by the big banks. Where incumbent banks are large and cumbersome, challenger banks

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Why lloyds share price so low

Blow for SME’s as Lloyds to invoice financing for small businesses

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Lloyds Banking Group is preparing to shut its invoice factoring service for small businesses, marking the latest retreat by a major UK lender from a form of finance widely used by cash-strapped SMEs. As reported in the FT, the decision by Lloyds to stop helping small business improve their cash flow, follows similar moves elsewhere

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Business Loan Guide

Barclays offers £175 incentive to new business banking customers

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Business bank account provider Barclays has launched a new cash incentive aimed at small businesses, offering £175 to eligible firms that open or switch to a Barclays Business Bank Account. The promotion runs until 9 January 2026 and is open to UK-registered businesses whose owners are aged 18 or over. As competition heats up in

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ANNA Money Secures £10m Growth Debt to Scale AI Accounting Ahead of Making Tax Digital Changes

ANNA Money Secures £10m Growth Debt to Scale AI Accounting Ahead of Making Tax Digital Changes

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Leading business bank account brand ANNA Money has secured a £10m growth debt facility from international tech investor Flashpoint as the UK fintech accelerates its expansion ahead of major changes to the UK tax system under Making Tax Digital (MTD). The funding comes as ANNA hits £30m in annual recurring revenue and prepares to support

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