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  • 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...

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  • 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...

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  • Business, Finance

    Tips for improving business creditworthiness

    Improving the creditworthiness of your business is essential for gaining access to financing, securing favourable loan terms and building trust with customers, suppliers and partners. Here are some tips to help you enhance your business’s creditworthiness. Business credit score The measurement of your business’s financial health is your business credit score. A good business credit...

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  • Banks, Finance, Loans

    Securing finance without trading accounts

    Securing finance without trading accounts can be a chicken-and-egg situation. You need finance to start trading, but you can’t get finance without accounts proving the business has been successfully trading. However, all is not lost. With the help of a professional, it’s possible to convince a lender that your business is credit-worthy. For example, The...

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  • Finance

    What does a commercial finance broker do? 

    ASC 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...

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  • Banks, Business, Finance, Financial World, Loans, SME

    Does my personal credit score matter if I’m getting a business loan?

    When 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...

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  • Banks, Business, Economy, Finance, Financial World, Loans, SME

    Why do we have bank holidays? When did they first come about? – Everything you wanted to know about the bank holiday!

    Q: What are bank holidays?  A: Bank holidays are public holidays in the United Kingdom that are recognized by banks, government offices, and other businesses. They are days when most businesses and many shops are closed, and many people have the day off work.  Q: Why do we have bank holidays?  A: Bank holidays were...

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  • Banks, Business, Finance, Loans, Property, SME

    What is the difference between open and closed bridging?

    Bridging finance is a short-term loan used to bridge a financial gap between the purchase of a new property and the sale of an existing property. There are two main types of bridging finance; open and closed.  Open Bridging Finance has no set date for the loan to be repaid. This type of bridging finance is...

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  • Banks, Business, Finance, Financial World, Loans, Property, SME

    Why are valuations essential for property loans?

    Valuations are essential for property loans for several reasons:  Determine the Loan Amount: Valuations help to determine the current market value of the property, which is then used to calculate the maximum loan amount that can be offered. Lenders need to know the value of the property to ensure that the loan amount is appropriate...

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  • Banks, Business, Finance, Financial World, Loans, Property, SME

    What to consider when choosing a commercial mortgage

    Determining the right commercial mortgage for you depends on several factors, including your financial situation, the type of property you are purchasing, and your long-term goals. We’ve highlighted just a few of the factors to consider when choosing the right commercial mortgage for you. Loan Type: Commercial mortgages come in different types, including fixed-rate, variable-rate,...

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