EZBob Ltd, which trades as business ‘e-lenders’ Everline and ezbob, has announced it has provided over £100m in funding to UK SMEs since launch in 2012.
The firm has almost doubled the amount it has lent to small businesses in the last 12 months and has now provided over 8,500 loans to help SMEs and sole traders access finance to achieve growth plans or simply supplement cash flow.
Tomer Guriel, CEO of Everline and ezbob, said: “This is a huge milestone for us. We know first-hand that time and money are the biggest barriers to small business growth. Our aim when we started out was to re-write the traditional approach to underwriting business loans by fully automating the decision, risk and funding process so that small businesses can access vital finance.
“As awareness for alternative finance providers continues to grow, we’re looking forward to being able to provide funding for even more of the country’s SMEs.”