Specialist lenders secure multimillion pound funding from Shawbrook

Specialist lenders secure multimillion pound funding from Shawbrook

EzBob Ltd. has secured a £25m debt funding facility from Shawbrook Bank and Honeycomb Investment Trust.

The firm, which trades as business e-lenders Everline and EZBob, will use the new round of funding to open up lending to more UK SMEs at more affordable rates.

EzBob Ltd. has already provided £100m and over 8,500 loans to small businesses and managed to secure £20m equity funding from Bank Leumi and Oaktree Capital Management in March.

“Securing senior debt facilities from two leading UK financial institutions (Shawbrook Bank and Pollen Street Capital, through its HoneyComb Investment Trust) allows us to tap into a lower cost of capital funding, which we can then pass onto our customers to help support even more of the UK’s small businesses,” Tomer Guriel, CEO and Co-founder of Ezbob Ltd. stated.

“Receiving this financial backing is also testament to the unique technology powering our proprietary automated lending platform and will enable us to accelerate our growth plans.”

Michael Katramados of Shawbrook Bank added: “Shawbrook is a bank dedicated to financing UK SMEs.

“We have known EZBob Ltd. for quite a few years now and are pleased to once again assist a business that, like us, is keen to support small businesses in the UK.”

Lindsey McMurray of Honeycomb Investment Trust concluded: “We have known the team and the business for a number of years and are excited about the opportunity to support them in their next phase of growth. 

“We have been impressed by both the team and their technology platforms and believe it puts them in a strong position to support UK SMEs, a sector that many lenders have retrenched from in recent years.” 

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