The bank has also upped its commercial mortgage maximum loan size from £3m to £5m.
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.
"The government’s recent super deduction tax break announcement makes this form of finance further appealing to SMEs – allowing them to protect profits when investing in their business’ assets.”
Ben Green (pictured right) has worked with SMEs for the past seven years, both in banking roles and as a broker. He will be focused on supporting commercial mortgage brokers and their clients in the West Midlands.
He said his experience as a broker will help him to deliver what brokers want and need: “Speed, honesty and communication are key. I look forward to building strong relationships with Allica’s existing broker network as well as bringing new relationships into play.”
Allica’s new Central business development nanager, Sam Roberts (pictured left), will be focused on building an active and engaged panel of brokers in the asset finance market.
He said: “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 Baker, managing director - intermediaries at Allica Bank, said: “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.
