The ASC Blog

Interest rates for Small Business Loans

Published 02/07/2012 11:20:00

The sad truth is that whilst we have a very low base rate the cost of borrowing for small businesses has increased substantially. I am not saying that it is the banks’ fault because clearly when you get 3-4% on your deposits a bank cannot lend at a lower rate. However, what that means is all the talk about “low base rates are of benefit to the economy” doesn’t add up. It seems that base rates are no longer a benchmark. So why don’t we just abolish it and let banks quote whatever rates they want. Many Building Societies work like this and they refer to their own variable rates.

However whichever way we go, it is clear that for the foreseeable future the cost of borrowing for small businesses will remain high and when base rates start to increase the cost of borrowing will continue to remain high. It is therefore of paramount importance that businesses analyse their finance requirements in great detail to make sure that they borrow the right finance for their business.

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