With Small Business Saturday approaching, our CEO Noel Corcoran explains how helping small and medium sized businesses was the reason behind Ideal4Finance
Both Emily and I started out working in sales-related environments, promoting products and services aimed at smaller companies. We went on to launch, scale and sell on several companies of our own, before deciding to establish Ideal4Finance.
Listening to small businesses over the years, we’d come to realise that there was often one thing holding them back, and that was the ability to offer their customers a flexible payment option. When it came to customer finance, small businesses could rarely compete with their larger rivals, and we made it our mission to level that playing field.
Almost fifteen years later, we feel privileged to have helped thousands of businesses across the UK with integrated, cost-effective customer finance solutions. We look after everything for them, including FCA registration and reporting, so they don’t have to do it themselves. It’s a vital part of our service because smaller businesses don’t tend to have their own compliance teams!
Being authorised and regulated by the FCA, we have to keep on our toes, and we always keep our clients up to date with changes in FCA policy and any developments in the wider financial world that could impact them.
Another great advantage is that, when their customers use the finance option, our clients get paid in full, whichever model they are on. That’s the best part for many of our smaller partners; they can get on with running their business whilst we look after the repayments. We say it’s hassle-free and we mean it.
We’ve worked hard to build a reputation for trust and outstanding service, and it’s always really rewarding when our clients tell us how we have helped them increase sales and win more customers. Since the pandemic, and with continuing economic uncertainty, it’s more important than ever for businesses to give their customers a choice of payment options.
These are challenging times for businesses of all sizes, and we will continue to do all we can to provide smaller companies with the resilience and flexibility they need to help them thrive in a demanding marketplace.
To read a case study of one of our small business clients, click here
To read more about Ideal4Finance, click here