E-lender pushes up loan terms to 24 months

E-lender pushes up loan terms to 24 months




E-lender Everline has extended its loan term limits to 24 months….

E-lender Everline has extended its loan term limits to 24 months…

The lender has increased its loan term limits to offer small businesses access to between £3,000 and £120,000 of working capital for up to 24 months. 
 
The term previously stood at up to 15 months.
 
The move was in response to the lender's continuous review of its product to make sure it matched the changing needs of small business customers. 
 
“Our increased loan term will provide small businesses with even greater flexibility to access working capital for whatever their business need – be it cash flow, growth plans or stock opportunities,” explained Russell Gould, COO, Everline.
 
The increase of loan term will allow businesses to reduce their monthly repayments by spreading the cost of their loan over a longer term. 
 
“If they choose to repay early, they can still do so with no additional fees and will only be charged for the time the money is borrowed for,” Russell added.
 
Everline, together with its sister company ezbob, has provided over £70m and over 6,000 loans to small businesses since 2012.  
 

 

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