Ezbob surges through £20m of lending

Ezbob surges through £20m of lending




Following its launch in 2013, Ezbob has lent over £20 million in the past year with support from the Government and the EU….

Following its launch in 2013, Ezbob has lent over £20 million in the past year with support from the Government and the EU.

The online short-term commercial lender stated it has written over 200 new loans in the past month alone, after the market for short term unsecured commercial loans has begun to catch on with brokers and their clients.

Ezbob can offer business owners loans up to £50,000 through its “revolutionary” online service, where funds can be sent to the client’s account on the same day and decisions can be made within hours of the initial application.

Sharone Perlstein, Director of Ezbob, believes that intermediaries are recognising commercial loans of this size do not have to be time-consuming with little or no guarantee of completing.

Sharone said: “Ezbob represents a real sea change in commercial funding for SMEs looking for short-term loans of a smaller size. Not only have we made the process simple by putting it all online, but it also means that even brokers, who have not considered offering commercial loans before because of their complexity, can now look at their client banks and offer business clients a really useful service which is fast, easy to access and meets the needs of today’s SMEs.”

He added: “Being backed by the Government and having support from the EU has been a massive bonus in helping us overcome the kind of concerns which tend to surround businesses like ours which challenge the status quo and offer something new.”

Leave a comment