The ASC Blog

Message to our Banks - Businesses want to grow (and need to borrow)

Published 29/03/2012 00:00:00

We’ve undertaken a comparative analysis of the reasons why businesses seek finance. To simplify the results we have grouped them into 3 categories and compared 2010 with 2011:

  • Entrepreneurs wishing to acquire a business                             Dropped by 6.6%
  • Businesses wishing to re-finance existing loans                         Increased by 43%
  • Existing business with existing loans wishing to expand             Increase by 167%


What does it mean? Well it is pretty clear that contrary to what banks say, when they defend their “missing the target with Project Merlin” – businesses want to expand and want to grow. This corresponds with our anecdotal evidence which suggest that the general level of enquiries has not dropped by much. In fairness though we sometimes find that there are still unrealistic expectations by some business owners and entrepreneurs who still seem to expect lending criteria like those in 2007. Well, those days have gone and for good reasons too.

But our message for 2012 is clear: finance for business – whether it is business loans, commercial mortgages, invoice discounting or for property development – is available and can be arranged. If you have a sensible and interesting project then it is worthwhile pursuing your ambition despite what you read and hear: finance for your business is available.

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


Get a Quote