The ASC Blog
Funding for Lending may be Failing… But Finance is still Available!
It is safe to say that the Government's Funding for Lending scheme has not proven to be a huge success (we’ll resist the urge to say “I told you so!)” Lending through the scheme was down in the second quarter of this year, contracting by £400m.
Even though the scheme is proving to be less successful then hoped, there are still lenders who are willing to lend to small businesses. Just take a look at some of the recent deals which we have done:
- We raised £2,120,000 for the purchase of 7 flats above an office
- ASC Finance for Business raised £810,000 for the purchase and development of a property, which our client was able to sell on for a sizeable profit
- We arranged a loan of £275,000 to enable our clients to purchase a trading Cattery Business
- ASC successfully negotiated a £800,000 deal to assist with the acquisition, development, and start-up of a new Care Home
So the Government might not yet understand small businesses and their funding requirements, but we at ASC Finance for Business do! Contact us today in order to speak to an experienced director who would be delighted to discuss your requirements.