Access to Finance Archives - ASC Finance for Business

26/03/2025 Finance

A guide to commercial mortgages

If you’re looking for finance to purchase, refinance, or develop commercial property, you’ll require a commercial mortgage. Here’s a guide to help you make informed financial decisions regarding your commercial mortgage. What is a commercial mortgage? A commercial mortgage is a loan secured against a property you don’t live in, either your business premises or...

19/03/2025 ASC News, Finance

Why it pays to use a finance broker: Complicated deal success

Anyone can apply for a commercial loan without the help of a finance broker. So, why bother engaging one? A finance broker will leverage their expertise, industry connections, and negotiation skills to secure you the most competitive finance solution. Using a broker will save you time, money, and stress. Yet, more crucially, when obstacles arise,...

26/02/2025 Finance

A guide to development finance costs

Development finance is a specialised loan used to fund the construction or refurbishment of properties. Unlike other property mortgages, development financing is typically short-term, usually 6-24 months. A development finance loan can be used to buy land and/or pay for construction costs and is suitable for new builds, conversions or refurbishments of existing properties. A...

10/02/2025 Finance, Loans

Top 10 mistakes businesses make when applying for finance

Securing finance for your business can be a game-changer. Given its importance, you’ll want to ensure a successful application enabling you to progress toward your plans. At ASC, we regularly see common mistakes businesses make when applying for finance. So, to help you dodge the pitfalls, here are the 10 mistakes to avoid. Top 10...

09/12/2024 Loans

Bridging loan myths dispelled

Increasing demand from borrowers for flexible short-term funding has led to a rise in bridging loans. The Bridging & Development Lenders Association (BDLA) reports record completions of £1.79bn in Q3, a 2.6% increase from the previous quarter. Bridging finance is a short-term loan (typically 12 months or less) that provides an immediate cash boost. Although...

28/11/2024 Banks, Finance

What are the alternatives to a bank loan for a business?

For many businesses needing finance, their bank is their first port of call. The British Business Bank recently reported that 51% of smaller businesses only approached their bank. If their bank declined them, only 5% would consider another lender. However, despite banks being a clear favourite for business finance, they aren’t the only option. If...

20/11/2024 Finance

The role of a commercial finance broker in property investment

Property investment can be lucrative, especially if you get the right financing, and that’s where a commercial finance broker can help. We help investors navigate the complex financial landscape and secure the best financing options to maximise returns. If you’re contemplating property investment, read on to discover the essential role of a commercial finance broker...

28/10/2024 Finance

Do I need to give a personal guarantee for a business loan?

A recent survey found that 60% of small business owners feel uninformed about the risks associated with personal guarantees, leading 25% to withdraw from loans that required them. If you plan to take out a business loan and are unsure whether you’ll need to provide a personal guarantee or what the risks and rewards might...

23/09/2024 Finance, Loans

How to prepare your business for securing commercial finance

Whether you’re seeking commercial finance to help with cash flow, fund expansion plans, or refinance existing loans, good preparation will maximise your chance of success. Lenders will scrutinise your business before deciding whether to lend, so you want to present it in the best possible light. Here are our five tips to help you prepare...

16/09/2024 Business, Finance

Business Finance Week 2024

Business Finance Week 2024 launches next week. This free 10-day event, hosted by the British Business Bank and several UK partners, aims to help smaller businesses learn about the different finance options. We work with many smaller businesses, helping them secure finance, so we know the challenges they face all too well. We champion events...

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