ASC always finds other ways to get the job done and Philip Thompson, ASC Director in Northamptonshire has helped a client, Mr Wright, secure finance for his commercial property portfolio.
Mr Wright has been a client of ASC for many years, so he was already aware of the value Philip can add and how the team works to support him. He is a sophisticated investor, having invested in many other similar projects before, but from a finance perspective, has the added complication of living outside the UK.
Philip is used to thinking outside the box and knowing that the client needed an asset to secure the commercial loan against, we had to find an asset. ASC was able to raise capital for improvements to the client’s commercial property portfolio by leveraging against his modern classic car collection. ASC successfully secured a loan of £136,000 over 7 years at a competitive rate.
We were able to complete the deal in a relatively short timeframe, and funds were drawn within six weeks of the original enquiry – ASC operates just like our phrase: Faster, Simpler, Better! That means happy clients. As Mr Wright himself said, “Thank you so much Phil, as always fantastic results.”
The professional who introduced Mr Wright to ASC was also delighted, commenting afterwards “Thanks for reminding me of Phil’s ability to work magic!” (We always love compliments from introducers but when they are also bank managers, even better!)
Philip comments, “Although Mr Wright did not come to us looking for classic car finance, an imaginative solution for his original proposal was just what he wanted.”
So, if you are looking for finance for your business, make sure you know what you can get from the market. Speak to your local ASC director today.