The ASC Blog

Need finance to buy a business? It’s a chicken and egg situation!

Published 11/11/2014 09:40:31

It’s not a simple question.

Most people if they are looking to buy a business look for the business first, make an offer, have it accepted, and only then begin to think about finances.

Although that seems to make sense in some ways, it can cause problems for the buyer. Firstly, it immediately puts them under time pressure. And secondly, there is the risk that if they cannot obtain the full amount of finance, all that research and work (not to mention expense), would have been in vain!

The other way to do it is to think about finance first.

By getting the finance in place, you know how much you are able to borrow, and therefore can spend your time looking at businesses which you know you can afford. Plus there’s the added benefit of a quicker purchase, and being in a stronger position to negotiate with the vendor.

As you can see, there is no one right method. In fact, as with all forms of commercial finance, each individual and business has different requirements, and therefore should adopt a different approach. Unsure what the best course of action for you is? Speak to your local director from ASC Finance, who will be able to talk you through the options available to 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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