logo

ASC Success Story

Happy customer returns when he encounters a problem with his current bank loan

John Silks business, Juice Light and Sound, rents and operates lighting and sound systems for concerts and events throughout the UK. He owns his business premises in Daventry, Northamptonshire.

6 years ago Ewen Cameron of ASC Warwickshire and Northamptonshire re-financed John out of an onerous loan, which improved his cash flow and allowed him to expand his business.

The company prospered and in 5 years his turnover and profits doubled. His bank also helped him with an increased overdraft facility to see him through the quiet winter periods. However, banks, criteria inevitably change, and new managers come in with different attitudes.

Shortly after he came under pressure from his bank when they refused to increase his overdraft, despite John having had his best-ever trading year. His request for a small increase in his long-term property loan to upgrade the premises was also denied.

John said: "I don't now have all my eggs in one basket but the best news is that the loan was placed with a non-clearing bank lending source that will not be breathing down my neck and making me pay for annual reviews".

A couple of months later, the industrial unit next to his came up to sale. This was fortunate, as John had been considering renting storage space and purchasing the adjoining unit seemed the next logical step for his business.

Ewen arranged to increase the recent loan so John could purchase the new unit. John had equity in his existing premises and therefore he did not have to inject any more cash. A sound result!

Back to our Success Stories

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