Allica Bank

Allica ups maximum loan size on commercial mortgages

Allica Bank has expanded its broker distribution team with three new BDMs and has increased the maximum loan sizes of its commercial and asset finance facilities to £5m and £500,000, respectively.

Nick Baker, managing director for intermediaries at Allica, said that its recent quarterly survey showed that the enlarged loan sizes were what its broker panel wanted. 

“I am pleased that, thanks to the fantastic support of our broker panel in helping us to grow our loan book, we were able to deliver and will hopefully be able to support even more of their clients.”

With regard to the new recruits, Arshad Miah — who has 14 years of experience in the banking and finance sector — joins the team to manage its asset finance broker relationships in the Midlands and East Anglia.

Ben Green — who has worked with SMEs for the last seven years, both in banking roles and as a broker — will support commercial mortgage brokers and clients in the West Midlands. 

Meanwhile, Sam Roberts (pictured above), who has been working for Allica since July 2020, has been promoted to central BDM.

He will use his five years of financial services experience specialising in haulage, logistics and construction to help to build an active and engaged panel of brokers for Allica’s asset finance offering.

“As a technology-driven, but also relationship-focused SME bank, Allica is redefining the future of banking for businesses and brokers,” commented Arshad.

“Asset finance is an invaluable offering to SMEs, enabling them to acquire business critical assets while spreading the cost over a fixed term — it helps them to grow, expand and stay ahead of their competition.”

Ben said that he was looking forward to building strong relationships with Allica’s existing broker network, as well as bringing new relationships into play, adding that his experience as a broker will help him to deliver what introducers want and need.

Sam stated: “I joined Allica because I was excited by the challenge of building its asset finance division. 

“Also, I really believe in the brand and its drive to support SMEs and have been impressed by how well it performed during the pandemic.”

Nick added that the investment in the new BDMs was part of a strategy to ensure it provided the very highest levels of service to its broker partners. 

“Arshad, Ben and Sam have the experience and understanding to know what solutions and approaches make brokers’ lives easier.

“I’m delighted to welcome them to our fast growing team.” 

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