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.
A commercial mortgage is a secured loan used to purchase a commercial property. When deciding whether to lend, lenders assess several key factors to determine the borrower’s creditworthiness and the overall loan risk. Each lender may have slightly different criteria, but generally, they look at the following: Business and financial information Business history and type:...
Read moreWhile buying a business can be a thrilling experience, there are various steps you’ll need to tackle. One of these is asking a seller the right questions. To support you in your buying journey, our friends at the world’s number one business for sale website have provided their insight. Here’s what they have to say....
Read moreInvoice finance, or factoring, is a financing solution that allows businesses to access funds by selling their outstanding invoices to a lender at a discounted rate. This guide will walk you through the process of invoice finance and provide key information to help you understand this financing option. There are two main types of invoice...
Read moreThere are many instances when your business may require short-term finance. Perhaps you might need to cover an unexpected large expense such as new equipment or require help to manage cash flow fluctuations. Whatever the reason, it helps to understand your short-term finance options. Short-term financing is usually for working capital purposes and has a...
Read moreIf your business needs finance, the default scenario is to go to your bank. However, the days of having a dedicated bank manager who knows your business inside out and can get you the loan you need are, unfortunately, behind us in most cases. So, what’s the alternative? Instead of seeking a bank loan, you...
Read moreASC Finance for Business is a commercial finance broker. This blog post explains what that means and how using a commercial finance broker could benefit your business. What is a commercial finance broker? A commercial finance broker is an intermediary between businesses seeking financing and lenders or financial institutions providing commercial loans. Professional brokers are...
Read moreBridging finance is a short-term loan (typically 12 months or less) that provides an immediate cash boost. A bridging loan could be beneficial if you need a short-term loan or access to finance quickly. However, as with all commercial finance options, bridging finance does have some drawbacks. Here’s a summary of the pros and cons...
Read moreWhen it comes to commercial mortgages, many business owners wonder whether their personal credit score plays a significant role in the loan approval process. While commercial mortgages differ from personal mortgages in several aspects, your credit score can matter when applying for a commercial mortgage, though it will depend on the type of finance you...
Read moreIf your business has a commercial loan, then you should regularly consider whether refinancing can help improve your financial situation. It could provide you with the opportunity to secure improved terms or achieve specific objectives. However, it’s important to approach refinancing with careful consideration. In this short guide, we have outlined the key factors to...
Read morePeer-to-peer commercial funding, is a form of financing that connects businesses in need of funds with investors who are looking for attractive returns on their investments. The process typically works as follows: A business applies for a loan, either directly or through a broker such as ASC, through a peer-to-peer lending platform. The application includes...
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