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When buying a B&B became hassle free… With ASC!

When buying a B&B became hassle free… With ASC!

Gary and Linda McNeal, motivated by seeing friends who had already opened a successful B&B had arrived at a time in life where they had decided for a change. Linda employed as a catering manager and Gary a landscape gardener felt that the time was perfect to move forward with a lifelong ambition, to run their own Bed and Breakfast and to be their own bosses.

Moving from Worcestershire to Sidmouth, no existing income streams could really be relied upon, however after a meeting with John Wood at their local ASC office, he felt that a strong application could be presented to the lenders, taking into account Gary’s transferable skill set and strong financial information for the business being purchased. Detailed representations were made to lenders and terms were offered, within a couple of months Gary and Linda were up and running making sure that the late summer/autumn bookings were maximised.

Asked to comment on the ASC process Linda reflected that neither she nor Gary had any idea just how often they had to rely upon their local ASC team throughout the process; coordinating, lenders, solicitors, surveyors and even buildings insurers. They were grateful that the ASC service is from day one right through to funds being drawn, which helped make the whole process hassle free.

Having completed a full re-decoration and modernisation, Gary and Linda are up and running at Lynstead House in Sidmouth. For more information, visit their website,

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10 reasons to
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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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