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Banks

  • Banks, Loans, Property

    Why a broker is like your back-up parachute!

    Do I need a finance broker? Can’t I just speak to my bank myself? Well in theory you can. If your bank has the time to speak to you, and you approach the right bank, and you are able to speak to a decision maker etc. etc.  A broker is not always a necessity for...

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  • Banks, Economy, Financial World, Loans

    Banks are making it difficult to get finance – is there another way?

    A survey last week by the All-Party Parliamentary Group (APPG) on Fair Business Banking looked into the main High Street Lenders and whether they were open or closed to providing SMEs with the Government’s Bounce Back Loans. In particular, whether they were open to helping customers who were not currently their clients. The results might...

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  • Banks, Financial World, SME

    The Bank Manager Has Disappeared!

    Bank branches have been consistently closing across the UK. As our infographic below shows, the number of open bank branches across the UK shrunk by 20% in the last 5 years. The closure of local branches has an impact not only on individuals’ finances and access to banking services, but also on small businesses. Move...

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  • Banks, Loans, SME

    Raising business funding today - More than just CBILS

    The Government’s Coronavirus Business Interruption Loan Scheme (CBILS) has received plenty of press in recent weeks. It has provided an opportunity for some business to receive finance which they might not otherwise have been able to access. The scheme has also come into some criticism (which we won’t get into here). But there are other...

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  • Banks, Economy, Government, Loans

    Update to the emergency loans scheme

    Last night the Government announced some upcoming changes to the CBILS loan scheme aimed at supporting small businesses during the coronavirus lock down. The details of the changes, are still to be outlined, but the key points which were announced are: Preventing banks from requiring personal guarantees for loans under £250,000 Removing the restriction that...

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  • Loans

    How to find a commercial lender that works for you and your business?

    Did you know that there are over 300 banks and 45 additional building societies in the UK? That’s quite a lot! So how do you know which lender is the right one for you and your business? At ASC we offer a refreshingly personal service for business owners. This is an experience that may not always be received...

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  • Banks, Finance

    Do you know the name of your bank manager?

    If you answered “yes”, that will put you in the minority. The traditional bank manager has disappeared. Gone are the days when you had a dedicated contact who understood your business. Someone you can pick up the phone and actually talk to. Nowadays, if you tried to ring your branch, you probably wouldn’t even be...

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  • ASC Newsletters, Banks, Economy, Finance

    Bank Managers are people too – never forget that!

    We’re going to open this article up with a story straight from the archives. Once upon a time, we knew a bank manager who would never finance a baker. A middling pub with decent financials? He’d consider it. A leasehold manufacturer looking to buy its freehold? He’d make an informed decision. A freehold bakery, with...

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  • In The Press

    There are a few main categories that banks look at - here's our article in Electrical Times talking about how that impacts electricians!

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  • Finance, Loans

    Payments on your loan can be a confusing prospect. Our new ASC Infographic helps explain your options.

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