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Northern New Jersey Fishing Report - May 20, 2021

Northern New Jersey Fishing Report - May 20, 2021
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Allica makes triple appointment to business development team

Allica Bank has appointed three business development managers to coincide with its decision to further increase its commercial mortgage maximum loan size from £3m to £5m. Arshad Miah (pictured centre) joins Allica to manage its asset finance broker relationships in the Midlands and East Anglia regions. With recent experience of a successful asset finance launch, he said he was attracted to Allica Bank because it has created a niche in the market: “As a technology-driven, but also relationship-focused SME bank, Allica is re-defining the future of banking for businesses and for brokers. “Asset Finance is an invaluable offering to SMEs,” he continues, “enabling them to acquire business critical assets whilst spreading the cost over a fixed term – it helps them to grow, expand and stay ahead of their competition.

Allica Bank boosts loan sizes, adds three BDMs

Allica Bank boosts loan sizes, adds three BDMs By Roger Baird 12 th May 2021 12:47 pm Challenger Allica Bank has boosted the size of its commercial mortgage and asset finance maximum loans and expanded its broker distribution team. The lender, which was granted its banking licence in 2019, says it has increased its commercial mortgage maximum loan size from £3m to £5m “following feedback and requests from brokers”. It has also lifted its maximum asset finance loan size from £250,000 to £500,000. The bank says it is on “a joint mission with brokers to help more SMEs gain access to the finance they need to grow”.

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