Allica accredited under Recovery Loan Scheme

Allica Bank has been accredited by the British Business Bank as a lender under the Recovery Loan Scheme (RLS).

Under the scheme, the lender will be offering asset finance to begin with, followed by commercial property finance once its offering is launched.

The RLS is designed to support access to finance for businesses across the UK as they recover and grow following the coronavirus pandemic.

Conrad Ford, chief product officer at Allica Bank (pictured above), said: “Our mission since day one has been to empower established SMEs with expert human support, backed up with a seamless digital experience.

“These features have never been more important for business owners than during this pandemic, and we’re pleased that established SMEs affected by it will now have even more choice.

“This comes at a vital time, as businesses emerge from the pandemic with their sights set on expansion, growth and diversification.

“With greatly improved mitigation of risk, there is now even more scope to reach the established SMEs in the UK who may benefit from additional support.”

Leave a comment