New franchise model from an old franchisor
International finance firm with more than 40 years’ experience has launched a new franchise model to complement their existing brand
IFG, which began in 1972 with a single transaction, 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. “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."