EZBOB shakes up the UK SME Lending Market, now offers interest only small business loans
EZBOB announces the UK's first interest only loans product on the market specifically designed for online merchants. Online funding has been doubled to £40,000 furthering the Company's commitment to the UK's e-commerce industry.
London, England (PRWEB UK) 22 January 2013
EZBOB is once again pioneering the way Small Business is getting funded. EZBOB's interest only loans and instant funding of up to £40,000 brings further confidence to the growing e-commerce sector in the UK. For a fast business loan an e-tailer needs to visit ezbob.com, complete the online application and he/she will receive a funding offer with interest only loan terms. A small business who received £10,000 in funding will pay on average £300 - £400 in interest per month leaving ample cash flow for business needs.
While EZBOB is offering ebay seller loans and amazon seller loans the company recently announced a partnership with Channelgrabber.com an industry leading multi-channel management provider with over one thousand customers. EZBOB intends to announce new strategic partnerships in the near future and widen its offering to more SMEs.
“We are strong advocates of the UK's e-commerce sector. We estimate that online merchant SMEs sell in access of £10 billion per year in the UK alone. This sector is one of the bright spots in today's economy. After discussing with our customers, we realized that a grace period is a formidable proposition for online sellers” stated Tomer Guriel CEO of EZBOB. The benefits of this type of business finance are many. ‘A majority of e-tailers turn over their product at least once every three months. With our new offering, e-tailers can buy inventory, import product, pay for office costs and advertising, and not have the pressure of heavy monthly repayments. Basically we are freeing up cash flow’ concluded Guriel.