Buying a Business - Leasehold vs Freehold

You’ve got two options when it comes to buying a business. You can buy the leasehold, where you’re purchasing the right to use the land for a set period of time, but don’t have the same property ownership rights. On the other hand, you can buy the freehold, where you’re outright purchasing the property itself,...

What do lenders want to see? Experience.

In past blogs, we’ve talked about a number of different things lenders will look at in any application for finance. But there’s one that we haven’t covered just yet – the importance of experience. When a lender offers you a loan, they want to be as certain as possible that they’re going to get their...

50 Not Out!

Bringing in the New Year was especially sweet for ASC Finance for Business. Having begun raising finance for small businesses in 1969, the end of 2019 marked the end of our 50th year in providing a valuable service to the UK SME community. So, the beginning of 2020 marks the start of the next 50...

Our article published in Teach Early Years discusses raising finance for a nursery business

We’ve got long-term and short term already – now we have long-term-short-term?

In the “traditional” world of looking for a loan, you’ve got two sets of timeframes when you’re looking at payment schedules. The option known to most is long-term mortgages or unsecured loans. These are normally aimed to take around 15-20 years to pay off, and most businesses looking at major projects will be pursuing them....

An Interesting Proposition – Are we seeing falling rates?

We recently came across possible the lowest residential mortgage rate we’ve ever seen. A leading high-street bank had a mortgage available at 60% or lower LTV at just .98%! Even when you consider the impact that recent politics and the financial crises of the last few years have had on interest rates, that’s still an...

Bank Managers are people too – never forget that!

We’re going to open this article up with a story straight from the archives. Once upon a time, we knew a bank manager who would never finance a baker. A middling pub with decent financials? He’d consider it. A leasehold manufacturer looking to buy its freehold? He’d make an informed decision. A freehold bakery, with...

“No”. “Maybe”. “If…”. “But”. Will you ever just get a “Yes” from a Bank?

Business banks are masters of unclear language. If you ever want to find someone who’s saying “no” at the exact same time as they’re saying “yes”, talk to a business loan underwriter. There’s a saying in finance that you’ll get one of three answers from a bank if you’re looking for finance on your own...

You can’t access the experts – that doesn’t mean they don’t exist.

No matter which way you cut it, finance is a specialist industry. You need specific knowledge and years of experience to properly navigate the financial world and find the right products. It’s one of the reasons we’re so emphatic that any business looking for finance has a broker. However, even in specialised fields, some are...

There are a few main categories that banks look at - here's our article in Electrical Times talking about how that impacts electricians!