<
p>Online short term commercial lender, ezbob, has increased its maximum loan from £50,000 to £120,000 along with its maximum term from 12 to 15 months.
Since it launched last year, ezbob has been a pioneer of fully online lending in the commercial sector and business volumes have grown steadily as a result.
Ezbob Director, Sharone Perlstein, says the new changes are a logical step for a business which generates considerable interest from SMEs and their advisors.
“We are delighted to be able to make this big step forward. In 2014 we successfully launched what is still a revolutionary online process for commercial lending,” he said.
“Having now had time to study how our loan book has performed, we now want to build on that experience and offer larger loans with a slightly longer term.”
The lender has built up a strong following among advisors due to funding requests being able to be agreed and placed in a client’s bank account within 24 hours of putting in an online application.
“The most important aspects of our service are the speed and simplicity of the process, which will provide more clients with the funding they require at the time they need it," he added.
While commenting on the £70,000 increase of its loan cap, Sharone said: “With our maximum loan size now more than doubled, we are sure that more brokers will be looking to access our facility in 2015.”
Online short term commercial lender, Ezbob, has increased its maximum loan from £50,000 to £120,000, along with its maximum term from 12 to 15 months.
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