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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.

  • Banks, Economy, Government, Loans

    Update to the emergency loans scheme

    Last night the Government announced some upcoming changes to the CBILS loan scheme aimed at supporting small businesses during the coronavirus lock down. The details of the changes, are still to be outlined, but the key points which were announced are: Preventing banks from requiring personal guarantees for loans under £250,000 Removing the restriction that...

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  • Finance

    Why a broker is like a travel agent

    Who would you trust to get the right deal on a flight? A one-off customer who logs into an airline’s website, or A travel agent, booking hundreds of flights a year who can speak to a senior member of staff, and knows how the system works? Most of you would understandably say B. And commercial...

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  • Business, Finance, Financial World, Loans

    ASC Update - Covid 19

    Dear all, 95% of business might be impacted by the Coronavirus, with the majority hit by uncertainty or decreased demand. We understand that this is a challenging time for small businesses, and that despite everything you still have a business to look after. We wanted to ensure you that ASC are still here to support...

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  • Business, SME

    How to clear the bottlenecks of business

    How to clear the bottlenecks of business. Starting a business is a daunting prospect. There are many hurdles which you, as a business owner, might need to navigate over the initial period. Setting up your procedures, getting the word out, and managing to make your initial investment go far are all difficult challenges. But if...

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  • Business, Financial World, Government

    Will Budget 2020 affect small business access to finance?

    Next week sees the first Budget of the Boris Johnson Government, and the first since the UK formally left the European Union at the end of January. And nobody is quite sure what to expect. More questions were raised with the recent surprise resignation of the Chancellor, Sajid Javid in the recent reshuffle. Now, all...

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  • Loans

    How to find a commercial lender that works for you and your business?

    Did you know that there are over 300 banks and 45 additional building societies in the UK? That’s quite a lot! So how do you know which lender is the right one for you and your business? At ASC we offer a refreshingly personal service for business owners. This is an experience that may not always be received...

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  • Property

    Buy-to-Let Property – Limited Company or Own Name

    Thinking of buying a buy-to-let property? We will always say that a borrower should talk to their financial advisor or accountant when considering whether or not to purchase an investment property in their own name or through a limited company. You need to ensure that the structure is right for you in terms of taxation,...

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  • Banks, Finance

    Do you know the name of your bank manager?

    If you answered “yes”, that will put you in the minority. The traditional bank manager has disappeared. Gone are the days when you had a dedicated contact who understood your business. Someone you can pick up the phone and actually talk to. Nowadays, if you tried to ring your branch, you probably wouldn’t even be...

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  • Banks, Loans

    Presentation is important.

    We were in conversation with a lender recently about the quality of applications they receive from different brokers. And they mentioned a stark difference between the two types of application they receive from different brokers. The first type (and we are happy to say this includes ASC), provide them with a summary of the transaction,...

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