Saturday, May 4, 2024
Saturday, May 4, 2024
HomePet Industry NewsPet Financial NewsAllica Bank completes £500m of asset finance lending

Allica Bank completes £500m of asset finance lending

Date:

Related stories

-Advertisement-spot_img
-- Advertisment --
- Advertisement -

Allica Bank completes £500m of asset finance lending

SME lender Allica Bank has handed the £500m milestone for asset finance lending.

The lender launched its asset finance division in January 2021, and it stated the variety of loans issued within the final 12 months was almost double the quantity Allica Bank lent within the earlier two years mixed. 

Allica Bank stated it was receiving a mean of greater than 750 functions for asset finance each month, attributing the rise to its skill to supply quick selections to brokers. 



The lender stated it additionally noticed development because of the growth of its product suite to incorporate mushy and medium belongings. It stated it had acquired almost £50m in functions for this proposition. 

Brandon Hall, head of asset finance gross sales at Allica Bank, stated: “Allica has built a reputation among brokers for fast and consistent decision-making, supported by top-class customer service. You can see this in our broker satisfaction surveys, in which 89% rate our service as good or excellent.” 

This follows the lender’s announcement that it lent greater than £2bn in business mortgages final yr. 

Earlier this week, Allica Bank – which launched in 2020 – launched its full-year outcomes for 2023, which confirmed it delivered its first annual revenue of £16.1m. It additionally noticed its new natural lending attain £729.1m, up from the earlier yr’s complete of £565.9m. 

- Advertisement -
Pet News 2Day
Pet News 2Dayhttps://petnews2day.com
About the editor Hey there! I'm proud to be the editor of Pet News 2Day. With a lifetime of experience and a genuine love for animals, I bring a wealth of knowledge and passion to my role. Experience and Expertise Animals have always been a central part of my life. I'm not only the owner of a top-notch dog grooming business in, but I also have a diverse and happy family of my own. We have five adorable dogs, six charming cats, a wise old tortoise, four adorable guinea pigs, two bouncy rabbits, and even a lively flock of chickens. Needless to say, my home is a haven for animal love! Credibility What sets me apart as a credible editor is my hands-on experience and dedication. Through running my grooming business, I've developed a deep understanding of various dog breeds and their needs. I take pride in delivering exceptional grooming services and ensuring each furry client feels comfortable and cared for. Commitment to Animal Welfare But my passion extends beyond my business. Fostering dogs until they find their forever homes is something I'm truly committed to. It's an incredibly rewarding experience, knowing that I'm making a difference in their lives. Additionally, I've volunteered at animal rescue centers across the globe, helping animals in need and gaining a global perspective on animal welfare. Trusted Source I believe that my diverse experiences, from running a successful grooming business to fostering and volunteering, make me a credible editor in the field of pet journalism. I strive to provide accurate and informative content, sharing insights into pet ownership, behavior, and care. My genuine love for animals drives me to be a trusted source for pet-related information, and I'm honored to share my knowledge and passion with readers like you.
-Advertisement-

Latest Articles

-Advertisement-

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!