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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Business Finance & Banks - it is not a joke
It is easy to say to banks: lend more, but in fairness Bankers are probably as confused about the economic outlook as the rest of us. The government has been hoping that loads of confusing initiatives will do the trick to motivate Banks to lend more to SME’s; we all know this has not happened....
I think by now there is hardly any business person or entrepreneur who would answer this question with a yes. Bank bashing continues in full swing but we don’t believe that this is the solution – it may just help us to get things off our chest. Yes, banks are still operating with extremely confusing...
If you like to pay 4000% for business loans - take it and enjoy it
Much hype has been made in recent press articles about some short terms lenders entering the business finance market and offering short loans up to £10,000. The rates charged are pretty high. We don’t believe that there is a real reason why business people need to borrow at those rates. Yes banks are difficult and...
The other day I came across an offer for an overdraft from one of the major high street banks. One of the terms totally amused me. The bank referred to hard core borrowing (I normally associate the term hard core with websites I stay well clear of!). It basically means that if a client uses...
The bank bashing season is back in full swing. Every day we read another article about banks not lending to businesses and in particular not lending to small businesses. Every other day we read in an article that whatever loans are available they are offered at extremely restrictive terms and fairly high rates of interest....
Trust seems to be a very old fashioned word in today's modern business world.
This really is a shame because trust used to be such an important ingredient of business relationships. You still have to trust your suppliers to deliver on time, you still have to trust your customers to pay their invoices, you still have to trust your professional advisors that looking after your best interests is really...
£20bn raised by introducing one new tax - Yes - with one condition.
Should banks be commissioned to begin their own financial recovery via their own pockets? I felt the need to dedicate one of our blogs to the ‘financial transactions tax’ (FTT). Although there are influential supporters of the tax such as Bill Gates, Bill Nighy and Oxfam there are also a fair few individuals opposed to...
Bad News for Journalists and Politicians - there is some good news
There is so much negativism in the economy which is amplified by all the stories you hear from politicians and journalists. Nobody disagrees that businesses cannot be run the same way as was possible in 2007. But equally let’s not constantly talk about a financial Armageddon. On the contrary, we have seen increases in business....
It seems that the economy is run by magicians. On one hand we are told that low base rates are important for the economy. On the other hand I have yet to find somebody who is really benefitting from low base rates. Wherever you go the actual lending rates are much much higher. Look at...
