logo

The ASC Blog

If you love red tape...You'll love the new National Loan Guarantee Scheme

Published 05/12/2011 00:00:00

Do Businesses really need another government scheme?

After reading about the new ‘National Loan Guarantee Scheme’ courtesy of George Osborne - I breathe a sigh of frustration. Not only is this set to follow in the footsteps of previous schemes which became failed initiatives it is a boost to the red tape industry!

No doubt it will be another scheme to join the tsunami of failed initiatives. Just ask yourself, what happened to the Enterprise Finance Guarantee Scheme – why is there such a slow uptake? What happened to the Enterprise Capital Funds? Local Enterprise Partnerships? Project Merlin? The list is endless and it all seems to be entangled in red tape.

It’s baffling how they can’t learn from the past - rolling off one initiative after another clearly isn’t working. With the excessive amount of administration required time and extra costs businesses are unable to spend time jumping through hoops and run their business at the same time? We have even had a bank manager tell us that with the amount of administration involved when applying for these schemes - he doesn’t want to do it.

Businesses need a solution to help them stay afloat in this climate and the government’s scheme of underwriting the loans is far from the best way.

Back to the blog

We focus on arranging finance for your business...
so you can focus on running your business

10 reasons to
work with ASC

Why ASC?

close ✖

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.

close ✖

The Ten Reasons

We work in the way which works best for you

Call Now on
020 7616 6628

Email

Get a Quote