Information for Social Impact Investors
"The responsible finance sector is constantly looking to innovate and improve.
"Innovators, like AskIf, play a critical role in supporting the sector to continue to build efficiencies, scale and capacity. We're delighted that our partnership with AskIf will combine new solutions and approaches with the sector's track record in providing access to fair finance"
CEO, Responsible Finance
Become an AskIf delivery partner to access all of these.
Online Application Form
Our online application is easy for the borrower to complete with an automated data feed from Companies House. All information requests for additional information and issuing of documents are actioned through the online system, maintaining data integrity and a clear audit trail.
Credit and AML Checks
We have partnered with Experian to provide all credit, ID and AML checks for both the company applying for the loan and the individual directors.
Our automated workflow reduces time spent on admin, enabling your team to focus on your clients instead of process and reporting. The platform delivers the process integrity crucial to meet specific funder requirements.
Robust Reporting Capability
The platform provides comprehensive reporting and social impact metrics, enabling you to efficiently manage your loan portfolio, whilst satisfying the reporting requirements needed to attract additional public and private sector loan capital investment.
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Information for Responsible Finance Providers
Do you want access to new sources of loan capital investment?
Do you want a loan management system designed for the Responsible Finance Sector?
Do you want access to referrals from new borrowers?
Our vision is to enable the responsible finance sector to close the lending gap for small businesses who have been financially excluded by mainstream banks.
We provide an integrated solution.
A passion for enabling small businesses to access lending in a fair and simple way...
Sam (Ask If CEO) founded the business in 2016. Her passion for enabling small businesses to access lending in a fair and simple way was ignited whilst consulting for the Archbishop of Canterbury’s task group for Responsible Credit & Savings. She was invited to advise on how to close the lending gap that exists in this sector.
Through this she first came across the Responsible Finance sector and understood the huge value it provides to small businesses - providing help, support and loans to grow when main stream banks and financial institutions have said they won’t help. She was struck by the significant impact this can have on local communities through the creation of jobs and economic growth.
Solving the issues...
There still exists a significant gap between current lending and what’s needed by small businesses. Sam has worked with the Responsible Finance sector to understand the barriers and what is needed to close this gap. Ask Inclusive Finance was conceived to deliver the solution; a platform to enable the sector to operate and scale efficiently, a robust data collection framework to enable comprehensive social impact reporting, investment transparency that opens up the market to new sources of loan capital and an online application that makes it simple and easy for small business to apply for credit. Four of the Responsible Finance providers have become founding partners in the business to help make this vision a reality.
The AskIf team has grown since the idea was hatched, bringing together like-minded colleagues, each with diverse skills, expertise and insight, yet bound together by a passion for working with the Responsible Finance sector to help small businesses flourish. Find out more about our team >
Our founding partners are Five Lamps, Foundation East, Finance for Enterprise and South West Investment Group. Find out more about our partners and why they’ve chosen to work with us >
Our main objective is to bring new sources of loan capital into the Responsible Finance sector, closing the lending gap that currently exists for small businesses.
Our ambition is to bring over £200m of new capital in the next 4 years.
To deliver our goal we need to provide transparent reporting on financial and social impact metrics for investors and a system that provides an automated and efficient workflow enabling RFPs to scale fast whilst maintaining data and process integrity.
Our software platform is designed with both at its core.
The platform has been co-developed with our four founding RFPs, to ensure it simplifies lending operations, provides data integrity and delivers the comprehensive reporting needed to attract new sources of loan capital from both the public and private sector.
The platform also provides an automated and efficient application process and workflow through to loan approval, releasing time for your loan managers to focus on working with the borrower to making sure their application is right for their business and they will be able to afford the repayments.
The increase in loan capital we will enable you to access, can help you close the lending gap for small businesses that you turn away today.
We are working with referral organisations to ensure that businesses that have been financially excluded, gain easy access to our network and find a responsible finance provider that can support the investment they need to grow.
T: 020 3176 7633
©2016-2017 Ask Inclusive Finance Limited
Registered Address: Fryern House, 125 Winchester Road, Chandlers Ford, Hampshire SO53 2DR | Registered in England and Wales No. 10020883
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