A £40k business loan in 10 minutes & for 12 months; EZBOB new offering
London, UK (PRWEB UK) 8 July 2013 -- In a bid to help small businesses in the UK, EZBOB is pleased to announce that it has increased the length of its business loan offering to allow for a 12-month repayment term. At the same time, the borrowing costs are decreasing by 30%; 20% during the first year and an additional 10% reduction for returning borrowers. Tomer Guriel, CEO of EZBOB, stated, "We are looking to help our customers’ cash flow by reducing their monthly repayments hence the longer repayment period and looking to reward small business owners who pay on time by reducing their borrowing costs."
Ecommerce is a growing part of the UK’s business landscape with over £78b in sales in 2012, yet small business funding is difficult to come by in today’s environment. EZBOB specializes in providing business loans to e-retailers, specifically those that sell on eBay, Amazon, Play.com, use PayPal and more.
"All of our customers who now take business funding from us are given a choice to repay over 12 months. They can choose their own repayment period from 3-12 months. In addition, we recommend that borrowers choose the 12-month option, because they are free to pay early at anytime,with no penalties or fees. With EZBOB, interest is calculated daily and borrowers only pay on the amount that is outstanding," specified Guriel.
How much does one save on borrowing costs under the new EZBOB offering?
Example : a 12 month, £12,000 business loan, with a 3% monthly interest
Month 1-3………….Interest Cost….….3.00%.........Savings……0%
Month 4-8………….Interest Cost…..…2.70%.........Savings…..10%
Month 9-12….…….Interest Cost……...2.43%.........Savings…..20%
Month 15+…………Interest Cost…..…2.18%.........Savings…..30%..Returning customer
"EZBOB’s platform is scalable. As part of our system expansion plans we intend to cater to the entire Online Market in the UIK. As such, we are continuing to do data integration across multiple platforms and software API’s. Last week we announced that we connected to Play.com API and in the coming weeks we intend to announce multiple integrations," concluded Guriel.
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 softwares (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]
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