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.
Economy, Finance, Financial World
You don't need a solicitor, accountant, or a commercial finance broker - but it helps
There is an old saying, ‘A man who is his own lawyer has a fool for a client’, and it couldn’t be more accurate. Yes, there are some transactions for which you do not need a solicitor. You can do the research yourself, draft the required documentation, and ensure that it is dealt with accordingly....
Why a successful track record of nearly 50 years can benefit you!
We’re veterans of commercial finance. ASC have nearly 50 years’ experience in raising finance for small business owners and entrepreneurs. Some people might ask “So what?”. And it is a fair question, after all what we have achieved in the past doesn’t necessarily affect what we can do for you in the future. But it...
I thought I would surf the internet a little bit to check out various mission statements published by various banks. We all know that marketing is patient, but here is a sample of some interesting statements: We will take personal responsibility when you need support from us. We will help you bank with us in...
Do you know the name of your bank manager? I didn't think so.
If you went back 10 years ago, I’m sure most small business owners could tell me the name of their bank manager. You had a dedicated representative who not only understood your business, but you were able to contact them directly, and they would go out of their way to help your business. Perhaps you...
It sounds like a silly question, doesn’t it? Instinctively you might say 2% is cheaper than 3% and therefore this must be the better deal. But what happens if the first deal has a repayment programme of 15 years and the second deal has a repayment programme of 10 years? The impact on monthly cashflow...
Why do you work with an accountant, but not a finance broker?
If you run a business, you would automatically see the need and benefit of appointing an accountant to deal with your accounting and tax affairs, or a solicitor to deal with the conveyancing process when buying property, or an architect if you want to build an extension to your business premises. They are all professionals...
75% of all enquires start with the question “What is the best deal I can get?” It is an important question, but unfortunately there is no simple answer, because the question is actually not one dimensional. If it would only refer to interest rates or loan amounts, then yes, there is a simple and clear...
