A New Brand From An ‘Old’ Franchisor
An international finance firm with more than 40 years’ experience has launched a new franchise model to complement their existing brand.
Beginning with a single transaction in 1972, IFG works to provide alternative finance solutions for small businesses, using a unique invoice factoring model.
Operating globally as The Interface Financial Group in countries including Australia, Canada, Europe, Mexico, New Zealand, Singapore and the USA, the new brand, IFG 50/50, differs from the standard model in terms of scope and flexibility.
The current franchise model, launched in the UK three years ago, has already proven to be extremely successful, with more than a dozen franchisees operating across the UK and Ireland.
David Banfield, President of IFG, said that while the IFG 50/50 franchise is similar to the standard model in terms of the service offered to small business clients, however it contains new features that will appeal to entrepreneurs who are looking for a financial service opportunity where the franchisor also supplies a large portion of the capital though a unique leverage plan.
“The new model also significantly decreases the amount of paperwork that needs to be completed by the franchisee. In essence, the franchisee creates and maintains the client relationship at their local level– we’ll do the rest-including the supply of capital.”
Unlike other invoice discounting providers, IFG operates in the greatly under-serviced small business marketplace and offers a ‘use-it-as-you-need-it’ approach for their client.