Helping a growing digital agency buy its first business premises

When a thriving digital agency set its sights on buying its first business premises, ASC stepped in to guide the way. Our tailored finance solution helped the agency secure the perfect space and confidently step into property ownership.

Client: Nera Marketing
Facility: £135,000 mortgage
Purpose: Purchase of a commercial unit to facilitate business growth

Background

Nera Marketing, has built up several years of experience in the digital marketing sector and has recently taken the next step by expanding its operations and establishing a new limited company.

This growth has enabled Nera to offer a full suite of services, including website design, Google Ads management, search engine optimisation (SEO), and a variety of associated marketing solutions, all from a rented commercial unit.

Our client was seeking finance to purchase a commercial unit that would support the business growth and reduce ongoing rental costs.

Challenge

Securing finance proved difficult, as the limited company had only one year of trading history. Most lenders require at least two years of accounts and a proven track record to be confident that the borrowing can be serviced.

Several high-street banks had declined the application, stating that it was too early for finance and that there was no track record to support it.

Solution

With our in-depth knowledge of the lending market, we identified a lender open to projection-led funding. We worked closely with our client to develop a robust business plan, clearly demonstrating how the purchase of the freehold would support business expansion, create new jobs, and generate sufficient cash flow to meet the loan repayments.

Outcome

We successfully secured a £135,000 mortgage to fund the purchase of the commercial unit. As a result, Nera Marketing now benefits from:

• Ownership of a valuable business asset
• Greater financial stability by eliminating rent payments
• Security of tenure, with no risk of rising rental costs
• The ability to expand operations, thanks to the additional space the new unit provides

“Working with ASC Finance for Business has been absolutely brilliant. From the start, they were fast, responsive, and genuinely listened to exactly what we needed. Even at an early stage — when other lenders had turned us away — ASC offered their expertise and believed in the potential of our business.

“Thanks to their support, we secured funding to purchase our own commercial unit. This has given us the freedom to invest more into our business, expand our operations, take on new staff, and improve the space now that we own it. We couldn’t recommend them highly enough.”

— Nera Marketing Ltd