Allica Bank

The British Business Bank has completed a £350m ENABLE Guarantee transaction with Allica Bank to expand SME lending capacity across the UK.

Summary of transaction details:

• Value: £350m
• Sector: Financial Services
• Advisor: Not disclosed
• Key Entities: British Business Bank, Allica Bank, Sona Asset Management
• Location: UK

Note: This deal is expected to increase access to finance for small and medium-sized enterprises, driving economic growth and job creation in the UK.