UKBusinessLoan.com Reaffirms Focus on Responsible Lending and Borrowing

UKBusinessLoan.com, which is a prominent Cheshire-based credit lender, is redefining the landscape of business financing by placing a strong emphasis on responsible lending and borrowing. 

This commitment is specifically tailored to meet the unique financial needs of small and medium-sized enterprises (SMEs), empowering them with accessible and sustainable financing solutions.

UKBusinessLoan.com recognizes the critical role responsible financing plays in fostering economic stability and entrepreneurial success in an era where access to capital is vital for business growth and innovation. Their dedication is poised to set a new industry standard, elevating SMEs and start-ups while safeguarding their long-term financial well-being.

Their commitment to responsible lending encompasses several key principles:

1. Accessible Financing with Vigilance: UKBusinessLoan.com provides accessible financing options that cater to the specific requirements of SMEs and start-ups. However, they do so with a keen focus on assessing borrowers' financial health, ensuring that the loans offered are manageable within the borrowers' capacity.

2. Transparent and Clear Terms: Transparency is at the core of UKBusinessLoan.com's lending practices. Borrowers are provided with clear, easy-to-understand terms and conditions, empowering them to make informed financial decisions.

3. Personalized Guidance: UKBusinessLoan.com's team of financial experts is committed to offering personalized guidance to borrowers. They assist in understanding the implications of each financing option and work collaboratively to find the best solution for the unique circumstances of each business.

4. Flexibility and Tailored Solutions: Recognizing that one size does not fit all, UKBusinessLoan.com offers a range of flexible financing, including secured and unsecured UK business loan options. This approach ensures that businesses receive funding that aligns with their goals and cash flow dynamics.

5. Promoting Financial Education: UKBusinessLoan.com goes beyond lending by actively promoting financial education. They equip borrowers with the knowledge and tools to manage their finances responsibly, helping them build a strong financial foundation for the future.

Ian Gray, Director at UKBusinessLoan.com, emphasized the company's commitment, stating, "Responsible lending is not just a tagline for us; it's a fundamental principle that guides everything we do. We are dedicated to empowering SMEs and start-ups with accessible financing while ensuring that their financial health remains a top priority."

UKBusinessLoan.com's dedication to responsible borrowing is evident through its comprehensive approach to risk assessment and continuous support throughout the loan lifecycle. The company's stringent risk assessment measures help maintain the balance between providing access to capital and safeguarding borrowers from excessive financial strain.

UKBusinessLoan.com aims to foster the growth and sustainability of SMEs and start-ups in the North West of England and North Wales through their commitment to responsible lending. As these businesses flourish, they contribute significantly to the overall economic prosperity of the nation.

https://www.ukbusinessloan.com/

Corporate responsibility. Is it part of your firm's DNA? Provident Personal Credit 'Good Neighbour' programme reaches milestone

Provident Personal Credit's 'Good Neighbour' programme reached a milestone at the end of last year, with the firm having provided support to over 500 organisations over the past three years, highlighting their commitment to corporate responsibility.

In addition, 'Good Neighbour' has provided backing and support to in excess of 30 three year projects, with over 20,000 people benefitting from project and volunteering support.

Peter Crook, CEO at Provident Financial, said: "When asked, as I often am, about how we manage our Corporate Responsibility programme, I say it's part of our DNA. It's a fundamental part of our business strategy and plays a key role in our long-term success."

Established in 2009, Good Neighbour is Provident Financial’s flagship community programme. It helps fulfil Provident's ambition to be the UK's leading community-based lender by creating opportunities for people to work side by side with its community partners. 'Good Neighbour' has three component strands:

- Supporting local projects: working in partnership with local community organisations, the 'Good Neighbour' programme delivers projects which are tailored to meet the needs of local residents. Most projects run over a three-year period, with opportunities available to deliver smaller, one-off projects too.

- Employee volunteering: 'Good Neighbour' supports employees participating in company-led volunteering projects, including one-to-one mentoring projects, the Provident Reading Scheme and team challenges.

- Employee matched giving: Provident wants to help its employees to support the causes they care about the most. Employees taking part in fundraising activities or volunteering in their local communities can apply for matched giving and volunteering grants to make their contribution go even further. Over 1,750 employees have been involved so far and community partners have reported more people are now accessing their services.

Each community partner is selected carefully to ensure that every project is delivered to a high standard and provides real benefits for the community. Provident wants to work with a wide range of organisations, including youth clubs, community groups and schools, so that it can reach people of all ages, from toddlers to pensioners, and address their specific needs.

FACTFILE:
Provident Personal Credit is a  financial services company operating in the non-standard loans market. It specialises in offering cash loans of small amounts, typically from £50 - £500 over terms from 14 weeks up to 106 weeks. Its short term loans are unsecured and all of the costs are included up front which means that customers will never be charged for a missed or late payment. When assessing loan applications, Provident Personal Credit look at the applicants ability to repay now rather than their payment history.

This means that people could still be accepted for a loan even if they think they may have bad credit.

Repayments are collected by agents who visit their customers' homes on a weekly basis. The company has a good reputation with 95% of their customers saying that they are satisfied with their service.

What's more, it is a great alternative to payday loans with small and manageable weekly repayments.

Provident Personal Credit Ltd is a part of the Provident Financial Group. It is licensed by the Office of Fair Trading.

(EDITOR: Whilst most businesses are not in a position to offer the levels of support that Provident Personal Credit can offer, any firm will be able to provide some sort of help, even if it means just buying a copy of The big Issue every time it is published, or having a stall at local village fêtes, or the like.)

Visa certifies Entersect transaction authentication solution

Visa has certified the ENTERSECT award winning second factor transaction authentication solution allowing issuers to authenticate online card purchases.

Credit cards continue to be the easiest and most convenient way to shop online. A passport to international purchases, cards provide a one-click payment solution, allowing funds to move around the globe. This has fuelled and facilitated the e-Commerce revolution and will in all likelihood continue to be the way we pay online for many years to come. 

This very simplicity has allowed fraudsters to cash in on the anonymity of the Internet. All that is required is access to a few details on the credit card, all available in plain sight, to enable fraudulent online transactions. 

“Card not present” fraud continues to be a problem for both consumers and banks, costing the UK ₤296 million in 2010 and with the increase in online purchases in 2011, this is likely have increased significantly.

The Entersect software prevents both “Man in the Middle” fraudster attacks on online banking and effectively prevents fraudulent credit card transactions, using the user’s mobile phone as a 2nd factor to authenticate the transaction. The simplicity of the software for the end user has created worldwide interest in the Stellenbosch based company as users are typically not interested in complex password solutions.

Once a card purchase is sent through to the bank, the message containing the transaction details are relayed instantly to the customer’s mobile device. The customer can then choose to either “Accept”, or “Reject” the purchase. The response is sent back to the issuing bank, and relayed to the merchant using the Visa 3-D Secure infrastructure. The software provides a number of fallback solutions based on user connectivity i.e. sms transaction authentication, USSD transaction authentication and OTP generation on the phone. A key benefit is that users travelling internationally are able to continue banking even when they use an alternate international SIM card.

Schalk Nolte, CEO of Entersect says “We are extremely proud to be one of only a handful of companies, internationally, accredited by Visa. Our software is being integrated into local and international banks infrastructure and shortly banking consumers will have first-hand experience of the Entersect solution”.

www.entersect-mobile.com