Business owners who do not offer finance for their goods or services are missing out on a target market of 31.8 million customers, according to the Financial Conduct Authority.
Ipswich-based Funding Falcon says six in 10 UK adults have no cash savings, or less than £5,000, meaning that 72% of the East of England use consumer credit products to purchase goods from retailers. Point of sale finance can increase average order values by 200% and sales by 40% per annum.
Taking out a membership package with Funding Falcon gives your business access to their FCA licence. You get a portal to submit finance applications on behalf of your customers. Funding Falcon also provides an application form that you can embed directly into your website for customers to use when shopping online.
If you have considered getting your own FCA licence, you will appreciate it could take up to 12 months, cost a generous amount of money, require a compliance officer and, on top of that, you are charged a fee by the FCA annually.
Rather than having to go through all of that (and with no guarantee that the FCA will accept you), you can simply just become a member of Funding Falcon and start submitting finance applications within weeks.
Membership prices start from as little as £34+VAT a month, with monthly membership options ending on 30th April, Funding Falcon invites you to book a free, no-obligation meeting with a member of the team to ask any questions you may have and to get a first-hand tour of the online portal.
To see if the Funding Falcon membership scheme can benefit your business, book a meeting with the team, based in Ipswich town centre, by calling 01473 927331 or email Team@fundingfalcon.co.uk
If you are already ahead of the game and have looked into finance as a payment option, you are able to apply for membership online at www.fundingfalcon.co.uk/pricing. Please note memberships are limited to a set number per industry type in each area.
