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The ASC Finance for Business Blog – 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.

  • Uncategorised

    Are Bridging Loans a Good Tool for Business Finance?

    The number of bridging loan providers has increased sharply and published statistics suggest that there has been an increase of 27% in the number of bridging loans taken out in the past twelve months. My question: is – is this necessarily good news? By their very nature bridging loans are more expensive and provide lower...

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    The Bank of England looks after small businesses

    The Bank of England looks after small business… or so we are allowed to believe. However, let’s have a look at the bank’s financial policy committee and who sits on it. If you look at the CVs of the members you will be impressed. They are all successful, intelligent and decent people. However, they have...

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    Risk - Regulation - Common Sense - who is winning?

    Clearly common sense has lost. I think a lot is due to the increasing demand of regulation. Let’s look at mortgages or business loans. Obviously there is a risk for the borrower and for the lender. But it seems that regulation treats everything the same. A first time buyer who is looking for a £100,000...

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    The reality of Government Initiatives

    Another initiative that never took off – No surprise there then! A little while ago I wrote about the tsunami of initiatives by the Government and suggested that rather than creating more “flagship” ideas the Government should focus on creating conditions to increase confidence. The other day I received an update on the “Homeowners Mortgage...

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    Guess who is dispensing an array of marketing advice?

    I received the following mailshot the other day – I am just quoting some sentences which I found fascinating: ‘Following the economic crisis….customers want to enjoy a meaningful relationship with the companies they choose to engage with.’ ‘Businesses of all sizes can benefit from using technology as a way of making customers feel valued.’ ‘I...

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  • In The Press

    Small firms desert the banks in favour of alternative lending sites

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  • Uncategorised

    Marketing advice from a bank manager

    I got a leaflet the other day from a famous bank where the Executive Director (sic) is dispensing his advice. He suggested that “businesses of all sizes can benefit from using technology as a way of making customers feel valued, such as using new media as a way of responding promptly….”. I wonder if this...

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  • Uncategorised

    Bank of England v Treasury

    Do Businesses really need another government scheme? You got to love it when our learned leaders contradict each other in public. The battle ground this time is house ownership. The Bank of England calls for less owner occupation and the Treasury has announced a few days ago (a few weeks ago) that they would be...

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  • Uncategorised

    If you love red tape...You'll love the new National Loan Guarantee Scheme

    Do Businesses really need another government scheme? After reading about the new ‘National Loan Guarantee Scheme’ courtesy of George Osborne – I breathe a sigh of frustration. Not only is this set to follow in the footsteps of previous schemes which became failed initiatives it is a boost to the red tape industry! No doubt...

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  • Uncategorised

    Money Laundering Regulation Going Mad

    Here’s a real experience from one of our clients. A father guaranteed his daughter’s mortgage. He was already the client of the bank concerned. The bank insisted that the daughter receive independent legal advice – fair enough. So, in the first instance the bank carried out its anti-money laundering procedures for the daughter. Then the...

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