Liquidity Central to offer same day commercial lending
The product is designed to provide unsecured short-term finance to a maximum of £50,000 for periods of up to 12 months, for any business purpose such as cashflow support, expansion, working capital, and new equipment.
Loans are funded by Orange Money, trading as EZBOB.com, whose shareholders include the UK government’s Angel CoFund.
Nikki Brett, director at Liquidity Central Director said: “We are extremely excited to be representing EZBOB in the intermediary market.
“There is no other funding company in the UK today offering this service. Waiting for the wheels of traditional lenders to grind through the lending process, can be a deal breaker as it relies heavily on historical data which takes time to gather and process.
“As the sole distributor in the UK, our new lending proposition with EZBOB takes advantage of the advances in secure internet connectivity to link to a client’s online banking and accounting data.
“This is why the approval process can be almost instantaneous and the whole process reduced from months, if you look at the track record of some lenders, to less than a day.
“There is a commercial lending revolution coming and Liquidity Central and EZBOB intend to be at the forefront of that movement.”