Aldermore Marine Business Finance - Rate Table (October 2026)
| Term | Rate from (APR) | Max LTV | Min Loan | Notes |
|---|---|---|---|---|
| Up to 5 years | 6.5% | 70% | £25,000 | Best available rate band |
| 5–10 years | 7.0% | 70% | £25,000 | Mid-term pricing |
| 10–5 years | 7.5% | 65% | £25,000 | Longer-term pricing |
| Rate ceiling | 10.5% | 60% | £25,000 | Higher-risk / adverse credit |
Aldermore takes a flexible approach to marine business lending, including younger businesses and adverse credit. Rates are indicative and subject to lender credit assessment, vessel survey and final underwriting. October 2026.
About Aldermore Marine Business Finance
Aldermore Bank has built a strong reputation in the SME lending market for taking a more flexible, human approach to credit assessment than the large institutional lenders. In the marine business finance space, this translates to a willingness to consider businesses that might be declined elsewhere - businesses with shorter trading histories, some adverse credit history, or those operating in niche marine sectors that generalist lenders struggle to underwrite confidently.
Aldermore's marine business finance covers asset finance for marine businesses including boat yards, charter companies and marine engineering firms, with rates from 6.5% APR, terms to 5 years and maximum LTV of 70%. The minimum advance is £25,000. The shorter maximum term (5 years versus 7 years from Close Brothers or Lombard) reflects Aldermore's more conservative approach to asset life assumptions, but for businesses that need a decision quickly and have imperfect financial profiles, Aldermore is often the most practical solution.
Aldermore's decision-making is faster than most institutional lenders - a pre-packaged broker submission can generate a credit decision within 48–72 hours in many cases. For marine businesses that need to move quickly on an asset acquisition (a travel hoist coming to market at an attractive price, for example), this speed can be decisive. Doulton Bridging Finance has a strong working relationship with Aldermore's asset finance team.
Strengths
- Flexible underwriting suitable for younger businesses and adverse credit
- Fast credit decisions (often 48–72 hours)
- £25,000 minimum advance
- Considers niche marine business types
- No NatWest banking requirement
- Straightforward documentation requirements
Limitations to note
- Higher starting rate (6.5%) than Close Brothers or Lombard
- 5-year maximum term shorter than competitors
- 70% maximum LTV
- Not suitable for very large facilities
- Rates approach 10.5% for adverse credit or weaker businesses