Ezbob is a financial services company that has been around since 2011. The company was founded so that small businesses can grow and develop with the help of financing. Since opening up for business in 2011, Ezbob has provided financing to thousands of UK businesses. With Ezbob, the business loan process is simplified and approval decisions are made by humans rather than by an impersonal computer algorithm that can’t analyze the most important factors of determining a small business’s creditworthiness.
APPLICATION REQUIREMENTS:
To be eligible to apply, business owners need to be over 18. Also, they need to be companies that are registered in the United Kingdom. Businesses need to have valid business debit cards, and it’s necessary to be either a director, owner, or partner in a company to apply for a loan. Those who apply need to be from companies that have existed for at least 12 months. Also, they need to have an annual turnover of at least £10,000.
LOAN AMOUNT AND CHARGES:
Loans from Ezbob can range in amount from £1000 up to as high as £120,000. Interest rates on these business loans vary depending on the unique characteristics of each company. Loan terms can range from one month up to as long as 24 months.
PROCESS:
The process of applying for a loan through Ezbob is meant to be as simple as possible. In fact, applying businesses can typically complete the application process in less than 10 minutes. Applying involves submitting one of the following four: VAT online credentials, copies of VAT returns, marketplace score credentials, or bank statements for a business account. Once businesses are approved for a loan from Ezbob, they can receive the loan funds in as little as an hour so that they can begin growing their business.
PAYMENT:
Businesses have a variety of options to choose from when it comes to how they are paying their Ezbob business loan back. One of the most advantageous features of repayment on Ezbob loans is the fact that borrowers can repay their loan earlier if desired. This saves money and reduces the total interest charges on a business loan from Ezbob.