Business finance should be simpler!

When we speak to small business owners, we often hear the same perceptions of raising finance repeated again and again:

• “Banks do not want to lend money”
• “The process takes too long”
• “I don’t have the time to invest in getting the right finance”

So, we were not too surprised to read a statistic in a recent survey by the British Business Bank – namely that when it came to seeking finance, 71% of UK small businesses would rather grow at a slower rate than go through the hassle of borrowing to grow their business quicker.

We thought this to be a rather shocking statistic – an indicator that banks’ messages and borrowers’ perceptions are hopelessly out of line. There is finance available in the marketplace for small businesses – but they do need to know where to look, and sometimes require a helping hand throughout the process.

If you are unsure about what commercial finance opportunities might be available to small businesses, speak to an experienced ASC Director, with no obligation.