logo

The ASC Blog

Business Finance & Banks – it is not a joke.

Published 18/06/2012 12:57:00

It is easy to say to banks: lend more, but in fairness Bankers are probably as confused about the economic outlook as the rest of us. The government has been hoping that loads of confusing initiatives will do the trick to motivate Banks to lend more to SME’s; we all know this has not happened. So rather than introducing more schemes like the Enterprise Finance Guarantee or to introduce more Billions of pounds into Quantitative Easing (which we all have to repay one day and which does not seem to do us any good) I would like to propose a simple idea.

The banks are saying they cannot lend more or they cannot lend at reasonable rates because they have no access to wholesale funding, in other words they cannot package certain loans and resell them to investors. Ok, let’s accept that they are not joking. So why does the government not offer to buy packages of certain loans for certain industries. Let us take property development as an example. It is very important for the economy, but small to middle sized developers find it difficult to obtain sensible finance. But the government could “repurchase” these types of loans from the banks. This can be applied to many business types or industry types. The banks would have access to refinance their loans and there would be no room for any excuses – it is really as simple as that. What do you think?

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