Lloyds and Barclay’s Business Customers Now Qualify for Instant Loans Through EZBOB
London, England (PRWEB UK) 29 July 2013 -- In the current climate, with many SMEs continuing to struggle to secure funding through traditional means; EZBOB is helping fund this lending gap. Its online lending platform is leading the UK market by continuously adding new data sources, making it even easier and faster for those business wishing to borrow to do so. By allowing businesses to share their bank data, EZBOB is able to provide quick and easy-access to funding to those online sellers with business accounts held at these banks. Now Barclays and Lloyds customers who meet EZBOB’s lending criteria can share their bank account data in order to qualify for additional funding.
Tomer Guriel, CEO of EZBOB said: “In order to make it as seamless and as fast as possible for our customers to apply and receive a fair funding offer from us, we continue to develop digital connectivity to more banks as well as additional data sources to allow us to make a lending decision. We encourage applicants to add as many data sources as possible as they will allow our systems to obtain a fuller picture of the borrowing and thereby make it easier to offer funding.”
“Contrary to the thinking that there is a lack of demand for business funding, research from EZBOB has found that there is a 30% over-demand in business funding that is not currently being met by traditional lenders in the market. We believe that banks may be experiencing a lack of borrowing demand because, after several years of recession, SMEs have less business/ personal securities (assets) to provide and therefore many businesses seeking funding do not meet the funding criteria and hence, we can assume that they don't apply or don't complete their application process.
EZBOB is looking to be the next point of call after the banks for businesses seeking funding in the UK.
Last week HSBC, Banco Santander, and Halifax were successfully added to EZBOB’s list of data points. In addition, Play.com, Volusion, eBay, PayPal, Amazon, EKMpowershop and other data connectors have been added in the past few weeks.
ENDS
For more information or case studies, please contact Lansons Communications: Sarah Waterson on 020 7294 3649 or email ezbob(at)lansons(dot)com
Notes to editors:
About EZBOB:
EZBOB currently offers instant financing for E-retailers in the UK. EZBOB’s proprietary system is dedicated to financing Small Business, at the click of a button. EZBOB is leading the online financing market by introducing new financial products and offering funding based on information collected from new platforms and software (data connectors). The more information the system is able to gather on an applicant’s business the more credit typically extended. EZBOB’s qualifying customers make up a considerable part of the UK e-commerce market which had total sales of £78 bn in 2011. If qualified, funds are automatically transferred to the client’s account in thirty minutes or less.
Management biographies:
Tomer Guriel Co Founder & CEO
Prior to founding EZBOB, Mr. Guriel served as the CEO of Redstone Group, a leading real estate development company in CEE and CIS with institutional investors. Mr. Guriel, also served at various positions at JPMorgan Investment Banking where he was part of a team that engaged in large scale equity/debt offering and M&A. Further to this, Mr. Guriel was a director at Bezeq Communications, Israel’s largest telecommunications company. Mr. Guriel holds a BA from Baruch College in New York and an MBA from Kellogg Recanati.
John Garfield Director
John Garfield is a successful entrepreneur. In 1973 he founded John Charcol the largest independent mortgage broker in the United Kingdom and served as the company CEO and Director until 2000. He has sold and bought the company two times. He served as a strategic advisor to the company until recently.
Sarah Waterson, Lansons Communications, http://lansons.com, +44 2033711842, [email protected]
Share this article