EZBOB: the number of small business loan requests exceeds management's expectations

Share Article

EZBOB is proud to announce that the first three weeks since the service's launch have seen hundreds of srmall business loan applicants. Where are the high street banks?

Why are the High Street Banks not lending to small business?

High Street Banks. Why aren't they lending to small business?

EZBOB is the first fully automated platform dedicated to providing working capital for online sellers.

EZBOB is proud to announce that the first three weeks since the launch have seen over three thousand unique visitors and small business applicatoins exceeded management’s expectations by two-fold.

Small business owners are in need of working capital yet today’s reality is that the banks are simply putting off small business applicants. Tomer Guriel, CEO of EZBOB stated “banks typically grant loans to businesses based on the financial strengths of the company; lending decisions are heavily biased towards the business’s financial statements. Unfortunately, many small businesses do not have financial statements prepared and if they do, rarely are they audited." For the banks, underwriting loans to small businesses requires gathering documentation which is simply too expensive and time consuming. "One can recognize why banks prefer lending to bigger companies instead of smaller ones" concluded Mr. Guriel.

Why can EZBOB reach a quick decision while a high street bank takes weeks to reach the same conclusion? EZBOB’s advanced systems link up to a business’s records electronically and use proprietary modules in reaching an underwriting decision. By gathering all the necessary data electronically, EZBOB can approve a business loan in a matter of minutes, with no human interaction.

EZBOB is exhibiting at the E-Commerce EXPO in London on Oct. 2 and Oct. 3

The EZBOB team invites you to visit us at Booth #100 at the expo to learn more about what EZBOB can do for your business. You are also invited to hear EZBOB’s CEO, Tomer Guriel speak on how EZBOB is transforming the e-commerce lending marketplace. Tomer is speaking at 2:30 on Oct 2 and at 1pm on Oct. 3 at the Payments Theatre at the expo.

About EZBOB

EZBOB is the first, fully automated platform focused on providing working capital to small to medium e-tailers in the UK. EZBOB customers make up a considerable part of the UK e-commerce market which had total sales of £68.2bn in 2011. To apply for financing, e-tailers simply have to visit http://www.ezbob.com, apply for loan (it takes under ten minutes), and if qualified money will be in their account in thirty minutes or less.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Andrea Willige
six degrees pr
+44-(0)118-900-0860
Email >
Follow us on