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.
Financial World
The joys of simplicity
Over choice is a phenomenon which occurs when there are too many options for our brains to process. We can find this mentally draining and can end up making the wrong decision. We like things simple. That means that anything in life which helps make things easier and simpler for us is usually (but not...
We often ask clients what they are looking for in terms of finance. Quite often the answer is the lowest interest rate. And, we can understand why. The lower the rate the less they will pay per month. However, it is not the only factor which comes into consideration. Lenders can sometimes charge an arrangement...
You've got an accountant, you should have a finance broker too
You’re running a business. It’s more than sensible to engage the services of an accountant to assist you with its running, isn’t it? And if you were after a complex legal settlement, you’d no doubt use the services of a solicitor that you trust. It’s the same for commercial finance. A specialist broker will make...
How do you pass the lending criteria with little to no security?
Take this scenario; your business is relatively new to the market, but you’ve already shown that you’re viable, and now you’re all set to grow. But you can’t get the finance. The lending criteria are too strict for you to get through. What do you do? Other than going to see a specialist commercial finance...
Could a commercial mortgage help supercharge your business?
With the increased elasticity in the property market, many current landlords are looking to dispose parts of their portfolios and realise their capital gains. But what does that mean for a sitting business tenant? Opportunity. Many lenders, both alternative and traditional, are looking to the seemingly safer shores of property. Here at ASC we currently...
We're interested in the long-term health of your business
With the anticipated rise in the base rate of interest being postponed again, it may seem like the rise will never come. But in business it pays to be prepared. Especially when one considers that a rise in the interest rate of just 0.25% would cost British SMEs another £355m in interest payments in the...
Running an SME isn’t easy. Whether you’re in B2B or B2C, you have to put the leg work in to be successful. It pays to focus on your customer (or client). If you can ascertain their needs and provide a product or service at a price point they’re willing to pay, you’re in business. But...
What do traditional and alternative lenders ask you when applying for business finance and what’s the difference? Well, traditional lenders will inevitably ask for a good credit score for both the business and the directors personally, an alternative provider may be willing to overlook a less than perfect score as they have a greater appetite...
Whether you’re running a start-up, opening an SME, or are a well-established business, confidence is central in your ability to succeed. A core part of this is your confidence in the long-term financials of your business. Many an entrepreneur and small business owner has been kept awake by the impending movements of the interest rate,...
Good news, you’ve secured the contract you were bidding for! Bad news? You’re now realised that you’re unsure on how to fund the new work. What you need to remember before you panic that there are options out there for you. Invoice discounting and factoring can give quick access to cash that you are owed....
