Ezbob increases maximum loan size
Ezbob, the online short term commercial lender, has more than doubled its maximum loan size from £50000 to £120000 and upped its maximum term from 12 to 15 months.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
The lender offers a fully online application process and funds are typically available within 24 hours.
Sharone Perlstein, Ezbob’s director, said:
“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. 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 most important aspect of our service, is that advisers do not have to be experts in commercial finance to access our service and provide clients with the funding they require. With our maximum loan size now more than doubled, we are sure that more brokers will be looking to access our facility in 2015.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Buy-to-let
Buy-to-let market 'in transition' as landlords turn to refinancing
MPowered Mortgages
MPowered closes to new business amid potential sale
Budget
Reeves lays groundwork for tax rises in surprise pre-Budget speech
FCA
FCA bans and fines adviser £100,000
Bank Of England
Interest rates held at 4% in narrow 5-4 vote
Budget
What taxes could be raised in the Autumn Budget?
