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News and Information

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.

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    You have 3 options if you want to grow, so do you?

    Have you ever looked at your competition and wondered why they are leaving you behind, excelling in product innovation and gaining more market share? It’s not a myth that it ‘takes money to make money’ and usually SMEs struggle to invest in their business to push it to the next level because they simply don’t...

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    Don't give up before you've started

    As Steve Jobs said, “Your time is limited, so don’t waste it living someone else’s life.” We have worked at the heart of the small business community for over 44 years (sorry about the plug), so we recognise the mind-set of a lot of small business owners and entrepreneurs. A lot of entrepreneurs and SME...

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    Breaking bread with RBS Business Lending

    Have you ever tried to apply for business finance from your local bank? Have you questioned their lending criteria when they have said no, before they have even looked at your business plan? We decided to find out for ourselves by approaching RBS to find out what their lending criteria would be on starting up...

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    A lawyer who defends himself has a fool for a client

    If you want milk you would automatically go to the super market, if you need a mechanic for your car you would go to a car garage and if you need finance you would go to an independent finance broker. There are ultimately two options if you want to arrange finance; you can do it...

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    “The Government understands small businesses” - do they?

    Recently the business minister explained plans to establish a new bank with the following message: “the Government understands the frustration felt by many small and medium sized businesses around securing credit … many new promising growing companies simply can’t get the loans they need to expand on reasonable terms”. There a number of points which...

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    Does regulation really benefit the consumer?

    Let’s go back to the drawing board. The idea of regulation is that businesses can operate in a free market environment but are supervised so that they do not take consumers for a ride. I’m paraphrasing a little bit but ultimately this is the aim of regulation. Let’s look at a couple of examples starting...

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    Lloyds Bank, Co-op Bank the financial regulator and you

    The Co-op Bank is now not taking over the several hundred Lloyds branches but how does that affect you? This isn’t a question about competition. It’s to do with the Co-op Bank’s balance sheet which the financial regulator has deemed weak and could do with bolstering. Fair enough I’m not here to criticise the Co-op...

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    It's not the banks fault stupid

    We’ve been saying it for a while now. The banks are trying to lend, and there are businesses that need capital injection, so why do we find it so hard to marry the two together? The Managing Director of RBS has announced that they cannot “force businesses to borrow” and suggest they have £20 billion...

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    Lloyds Bank, Co-op Bank the financial regulator and you

    A long established painting and decorating business with a turnover in excess of £2m and owning a substantial property portfolio, valued in excess of £11m applied to their bank for an additional £1m. The investment would enable them to purchase a further investment property but despite their gold plated credit history of over 30 years...

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    Downing Street: “It's never been easier to set up a business”

    “It’s never been easier to set up a business” was the latest message released from the government. You’re probably now starting to think of the next ‘fad’ or business idea that’s going to take the world by storm, but there are a few things you should know. It’s not that we want to put a...

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