The ASC Blog

The “Legal Loan Sharks”

Published 20/05/2014 09:30:30

They have been described a “legal loan sharks”, and can charge high levels of interest, sometimes as much as 5,000% APR.

But, the growth in payday lending continues to rise in the UK. Not just by individuals who are looking for short term finance, but also by businesses that are looking for finance.

But we know that small businesses and entrepreneurs need access to finance in order to help their businesses grow. After all, there is the well-known business phrase “Cash is King” – without access to the money which they need, it becomes harder and harder to grow and develop a business. And if they are struggling to get the finance from banks and traditional lenders, then it is no surprise to see them turning to other sources of funding, even if the interest rates are much higher than they might get elsewhere.

Having been arranging finance for small business owners for over 40 years, we at ASC know that there are many other types of finance available, and that businesses shouldn’t need to turn to these high cost loans to grow. Speak to your local ASC director today, to discuss how to get the right type of business finance for you.

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Why ASC?

You already know that arranging business finance can be a tricky experience.

We appreciate that your time is precious. With our extensive knowledge of business finance available in today’s SME market we can approach the lending institutions that are right for your business finance needs. You will be saved from the frustration of endless form filling, repeated conversations with numerous lenders, and save you from having to provide each different lender stacks and stacks of information.

Our job is to remove the ever increasing number of hurdles that are put in your path, by arranging business finance or commercial finance for you in a time-saving and more efficient manner.

ASC have been established for over forty years and we have experienced more recessions and ups and downs in the economy then we care to remember. Due to our clear focus on independent businesses and entrepreneurs we have developed a track record which is envied by our competitors. You will deal directly with an experienced Director who has a strong commercial background and real experience enabling him or her to find the business finance which is just right for your business.

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