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, Loans
You want to borrow how much?
Imagine you’re looking at buying a business. Perhaps you want to run and own a hotel in Devon? Or you want to change your career path and buy a local restaurant? Well, how do you know if you can afford it? The options available to you for finance are impacted by the business that you’re...
You wouldn't take the first price offered when buying a car…
Imagine yourself walking in to a car showroom to take a look at a car that you think would be perfect for your needs. Now imagine that when you say hello and shake the hand of the sales person, you immediately say, “Yes! I will buy that car for that much!”. Would you do that?...
There are two core policies being pursued by the government to incentivise the small business market and entrepreneurs. Firstly, Entrepreneurs Relief, which incentivises by reducing the Capital Gains Tax when selling a business down to 10%. Secondly, tax reductions that are available for research and development and schemes to reduce tax on investment gains. What...
When your business requires funding, there’s no time to waste. The trouble lies with the reams of forms that all lenders make you fill out when applying, not to mention that every lender will ask for different information. If you use a broker who specialises in business finance, and nothing else, you have a direct...
It’s not just your credit score. They want to see that you’re in control of your business; that you know what monies are coming and what are going out, that you’re aware of your marketplace, that the opportunity you’re offering is one that makes sound business sense. But there are many more factors that go...
As many businesses trade upon their intangible assets, such as a consultancy trading on its contacts and knowledge, the traditional secured loan has ceased to be an effective product for many companies looking to grow. As technology has allowed alternative finance streams to come online, in addition to some of the traditional lenders opening up...
Although we’ve seen many new entrants come in to the market over the last few years, you’d think that getting your financing sorted would have become easier? Not so. When did you last speak to your bank manager? Thought so. Never before have commercial finance decisions that affect your business been taken so far away...
It’s been said recently that businesses under three years old are twice as likely to use personal savings than businesses that have been established for ten years. But what does this mean? It strongly suggests a knowledge gap between nascent entrepreneurs and what the business finance marketplace has to offer them. If a company sees...
Many businesses grow to a size where they outgrow their current premises, and many more come to the end of a lease. But should the status quo rule or should you consider what’s available to purchase? Now, leasing space allows for flexibility of investment and location, and can be the better option for many, but...
