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No cash? No Problem!

No cash? No Problem!

Two brothers wanted to buy their father’s commercial investment property to enable him to semi-retire, with the ultimate goal of retaining the premises in family ownership. The only issue was the brothers didn’t have any cash contribution to put down, and therefore needed 100% funding for the £320,000 market price of the property. Their own investigations to find the necessary finance had proved fruitless, so their financial advisor recommended they speak to David Hall at ASC Norfolk & Suffolk.

After an initial meeting to discuss their situation and the proposals in more detail, they engaged ASC’s services to investigate the funding options available to them. Proving affordability of the loan requirement was not an issue due to the strong rental income the property derived from the existing long-standing commercial tenants who were to remain in place. As a result, David was soon successful in finding a lender from our extensive panel who was prepared to fund the full asking price by taking second charges as supporting security over the equity in their respective domestic residences in lieu of the usual cash deposit the brothers would be expected to contribute.

After a satisfactory valuation, and a lengthy period of legal due diligence, the deal was successfully completed and thanks to ASC the brothers are now the proud owners of the property, which has now stayed within the family.

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We focus on arranging finance for your business...
so you can focus on running your business

10 reasons to
work with ASC

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10 Reasons

Why ASC?

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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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The Ten Reasons

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