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ASC Success Story

FSB member expands her nursery to satisfy demand

From 1999 FSB member Mrs Rasila Panchal ran a Children ’s Nursery from premises connected to her house in Huntingdon and later she started an after schools club. This year, more space was needed for growth so she sought planning permission to demolish the existing nursery, rebuild larger premises and convert the ground floor of her house. This would increase capacity from 13 children to 40!

Rasila was very excited but needed to raise the funds. The FSB referred her to Paul Arnold, ASC Director in Cambridgeshire which meant at the outset she had a finance specialist, architect, accountant and solicitor - a very supportive team.

7 months later in June 2010 she had the planning, costings and up to date financial data together with projections to move forward. Paul approached ASC panel lenders armed with a full business appraisal and arranged a refinance of the existing mortgage to provide 100% finance for the proposed works in agreed stages, with a drawdown retention.

During the rebuild Rasila had to vacate her premises and rented a local hall. She obtained a registration increase from Ofsted of 13 to 35 children at these temporary premises so she could build up her numbers ready for moving back into her larger Nursery.

Paul said “when I met Rasila and her husband I just knew this lady was going to achieve her ambition as she had so much drive and enthusiasm and she deserves to succeed with this very exciting project.” Rasila responded “without ASC I could not have achieved my goals, I would recommend you to anyone who requires business finance”.
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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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