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News and Information

A collection of our thoughts, opinions, (and sometimes general musings) on everything to do with all aspects of business finance, commercial finance, small businesses, and general news about ASC Finance for Business.

  • Business, Economy, Government, Housing

    How will the new “automatic” planning permission changes impact development?

    The Housing Secretary Robert Jenrick has announced that new homes will be granted “automatic” permission to be built. The move is part of the Government’s plans to speed up development to help minimise the economic impact of the coronavirus. He said “Land designated for growth will empower development – new homes, hospitals, schools, shops and...

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  • Loans

    More than an Interest Rate!

    What is the cheapest interest rate I can get? This is a question we often get asked. And we understand why. After all the interest rate is an important number if you are trying to evaluate whether a loan is the right one for your business. But (and it may sound stupid!) there is a...

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  • Banks, Economy, Financial World, Loans

    Banks are making it difficult to get finance – is there another way?

    A survey last week by the All-Party Parliamentary Group (APPG) on Fair Business Banking looked into the main High Street Lenders and whether they were open or closed to providing SMEs with the Government’s Bounce Back Loans. In particular, whether they were open to helping customers who were not currently their clients. The results might...

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  • Finance, Loans

    Bridging Loans – Closed vs Open

    There are times where your business will only need finance for a short period of time. Whether it’s two months or two years, these can be for anything ranging from a small commercial project to big business improvements that you want to quickly pay off. Different types of short-term financing include closed bridging and open...

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  • Finance, Loans

    An introduction to invoice financing

    What is Invoice Finance? “Cash is King.” Many small businesses have problems with cashflow which are due to late paying invoices. The average reported time to pay an invoice is 38.97 days and 27% of invoices in the UK are paid beyond the agreed terms. This can complicate cash work for businesses and in turn can...

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  • Banks, Financial World, SME

    The Bank Manager Has Disappeared!

    Bank branches have been consistently closing across the UK. As our infographic below shows, the number of open bank branches across the UK shrunk by 20% in the last 5 years. The closure of local branches has an impact not only on individuals’ finances and access to banking services, but also on small businesses. Move...

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  • Business

    Why you should use a financial broker

    Whether your business needs additional finance or you’re looking to expand, a commercial finance broker can ensure that they find the right finance to suit your business needs. A broker will also have access to certain lenders who only talk to brokers and will know the right solutions to your business financing requirements. Here are...

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  • Business

    ASC raises £125m for SMEs across Britain

    ASC has revealed that its offices across Britain have helped SMEs raise a total of £125million in the year ending April 2020. This represents an increase of 25% from the previous period, despite the uncertainty surrounding Brexit during the first half of the period and the impact of the coronavirus. Managing Director Henry Ejdelbaum attributed...

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  • Finance, SME

    How Peer-to-Peer Finance could benefit your business

    Peer-to-Peer (P2P) Finance is one of those topics that can be tricky to understand. P2P loans are funded by multiple individuals or organisations all contributing money. They work just like normal loans, the main difference being they aren’t funded by banks. Instead, they’re drawn from a public platform that interested parties contribute funds into. The...

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  • SME

    ASC are proud NAFCB members

    As a National Association of Commercial Finance Brokers (NAFCB) member, we want you to know that we belong to a growing community of finance professionals bound by the duty to help fund UK businesses. What does this mean for you? It means that when you need business finance, the standards of the service we provide...

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