Business

FSB urges local firms not to suffer in silence

FSB Northern Ireland regional chair, Brendan Kearney

THE Federation of Small Businesses (FSB) has urged local firms not to suffer in silence if they have been treated unfairly.

The FSB has joined together with the Financial Ombudsman at this year's Balmoral Show to ensure small businesses speak out if they have been treated unfairly by a financial business, such as banks or other lenders.

The Financial Ombudsman has recently expanded its service to investigate cases on behalf of small businesses with up to 50 employees.

FSB Northern Ireland regional chair, Brendan Kearney said:

“Too often we hear stories of small businesses who have been treated unjustly by a financial institution, and feel very much like the underdog against larger businesses and the big banks.

“FSB has been leading the way with our ‘Fair Pay, Fair Play’ campaign to encourage larger businesses to pay their suppliers on time. For cases where a financial business is involved small businesses have the option of getting in touch with the Financial Ombudsman who has the legal power to put it right.

“We are using our major presence at Balmoral this year to raise awareness of the assistance which is available to small businesses, so they don’t suffer in silence if they feel they have been wronged.”

Anna Whitelock, of the Financial Ombudsman added:

“It’s vital that small businesses in Northern Ireland are aware of the Financial Ombudsman service, and should not hesitate to contact us if they feel they have been treated unfairly by a financial business.”

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