ASC Recent Client Results
Caring for our clients
John Wood, at ASC Finance for Business Worcester, was approached by two client who were looking at buying a specialist care home. Both clients had not previously worked in the industry, but were keen to leave their current jobs and undertake a lifestyle change. Lenders are usually reluctant to provide finance in these circumstances, as they are often concerned if a borrower lacks direct experience or is looking to undertake their first business venture.
Fortunately, after meeting with John, ASC Finance were able to put together detailed presentation to decision makers known by ASC to have an interest in this sector. Our clients’ lack of experience was mitigated for, as we were able to demonstrate to the lenders that our clients’ employment history had sufficient attributes that made them viable if not ideal applicants. After much negotiation, the lender agreed to provide the required finance, and a loan of £350,000 was secured for our clients to complete the purchase and take over their new business.
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