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Buying a business? How much can you afford?

Published 22/09/2015 08:27:11

If you are looking to buy a business, you may want to know how much you can afford to borrow before you start looking at potential businesses to buy.

But with the nature of commercial finance, the amount you can borrow depends on several different factors, including the business you are looking at purchasing.

So it’s a catch 22 situation!

There is no right answer. While getting finance in place can help guide your search and help you negotiate with the vendor, depending on the type of business, you may need to identify a particular business first, in order to get the finance.

So where do you go from here?

Speaking to your local ASC director might be a good start. Depending on what you are looking to do, and your circumstances, they can talk you through the options available to you, and help you decide when the right time to apply for finance might be.

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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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