Commercial mortgage for creative business

ASC helped secure funding for a unique church conversion allowing the client to expand their creative business during lockdowns.

Background – Supporting a growing creative business during lockdown

One of the things we love about working with small businesses across the UK are the varied and different types of industries we get the pleasure of working with. Petites Properties, a manufacturer and supplier of Dolls House’s and Model Railway buildings and accessories is one that ASC Director, Richard Scotney had the pleasure of supporting recently. The business is operated by a stellar husband and wife team and came to Richard because they needed new business premises after outgrowing its current workshop space during lockdowns. One of the positives of the Covid lockdowns was the number of people taking up new hobbies which meant that the business really expanded its operations.

Challenges – Securing finance for a unique property purchase

With ASC’s support, the client was able to successfully purchase a Grade 2 disused Church to use as its premises – a significant upgrade from the large shed in their garden they had previously been using! Given the property’s previous use as a church, the client needed to get planning permission (which can sometimes affect applications for finance). This was made even more difficult in this case as the local authorities keep suggesting that different councils needed to give the approval. With Richard’s expertise, local knowledge and contacts he was able to guide the client through the process.

ASC Finance for Business - church

Solution – Expert guidance through complex finance and planning hurdles

Richard comments, “Even though the requested finance presented more than the common hurdles, we were able to overcome them, and complete the deal for our client. We are always pleased to see our clients’ businesses expanding and be able to take part in their growth.”

Outcome – Expansion achieved and a thriving community space created

Our client was delighted ASC was able to help them reach their goal of expanding their prosperous business and will also open an art gallery at the front of the building to enhance the facilities for the local community. Our client comments, “Thank you Richard for being able to secure finance for my expanding business given the circumstances we all went through with COVID. Quite pleased with the service and the overall process and timings.”

At ASC we are able to help individuals or businesses looking to grow or expand and provide the assistance they need to apply for business finance. We have been successful at doing this for over five decades and therefore, we know the right people.

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ASC Finance for Business

5 The Annex, Peek House, 20 Eastcheap, London EC3M 1EB

ASC is a member of the National Association of Commercial Finance Brokers