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.
Finance
Why might your commercial finance application get rejected?
Securing commercial finance is often essential for business growth, but not all applications are successful. When deciding whether to lend, banks assess several factors to determine the risk level and the business’s ability to repay the loan. Any red flags can lead to rejection. Understanding the barriers to finance can help you improve your chances...
Commercial lenders rely on brokers for nearly two-thirds of SME finance transactions
The National Association of Commercial Finance Brokers (NACFB) annual impact report reveals that, on average, lenders attribute 67% of their SME portfolios to intermediaries. In 2024, NACFB members facilitated £26.5 billion of the UK’s £38 billion broker-led SME lending market. Commercial finance brokers have strong relationships with lenders and know how to present a finance...
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...
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,...
Making property finance simple: Recent ASC success stories
Property finance can be complex, but with our know-how and expertise, we make even the more complicated deals happen. Here’s a round-up of recent property finance completions from across the ASC network to prove our point: £360,000 to purchase semi-commercial premises for a property developer’s office The property had split titles that needed to be...
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...
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...
How to finance a commercial property auction purchase
Buying a commercial property at auction can be an excellent opportunity, but it requires careful planning, especially regarding financing. Buying at auction differs from the usual property purchase process, making financing your purchase tricky. First, you don’t know exactly how much you’ll be paying for the property, so arranging finance for the right amount in...
As 2024 draws to a close, we’re reflecting on the last 12 months of commercial finance broking at ASC. It’s been a challenging year for everyone – against economic uncertainty at home and abroad. That means it’s been another busy year for ASC brokers – helping our clients and introducers to grow, build and thrive....
Investing in your first commercial property is an exciting journey but can also be complex. Choosing the right financing is critical to ensuring your investment is profitable and sustainable. Here are five ways to finance your first commercial property. 1. Capital spend One way to make your first commercial property purchase is to pay for...
