Ezbob Business Loan Review

Loan Types: Small Business Loans

Availability:

Securities: Unsecured Business Loans

Loan amount: £1000 - £120,000

Interest: From 1.75% Per month

Overall Rating

Top Lender

Approval within an hour
Average Rating 9.5 in TrustPilot, Backed By EU Treasury
Target Audience: All UK Businesses, Min. Turnover £10,000

About Ezbob


Ezbob advertises itself as the “Instant” financing solution for small businesses. And the reality is not far removed. Users report having their loan approved and funds received in as little as 10-20 minutes. Since 2012, Ezbob has been effectively challenging the traditional business loan process. Ezbob specializes in small to medium loans, granted and paid off fast.

Personal Dashboard

Personal Dashboard

Log in to your account anytime to check your loan status, link more accounts or apply for more funds.

24/7 Support

24/7 Support

Open 24/7. Unlimited UK based support via phone and email. Fast application approval.

Trusted Lender

Trusted Lender

EZbob has a rating of 9.5 / 10 on Trustpilot. It is reviewed positively by media, and backed by UK government’s Angel Co-Fund.

The Good and the Bad


Fast. You can’t get much faster than Ezbob. The site guarantees approval and access to funds within an hour. Users report even faster service.

Easy. There is no paperwork to fill out, and very little information to provide. Of course, good credit-worthiness will help you get approved, but qualified candidates will find little standing in their way.

Instant Additional Loans. Once approved, you can be granted additional loans with the click of a button. No additional qualification necessary.

With interest applied monthly, this isn’t the cheapest financing in the world. But you are paying for speed and convenience. Pay off your loan fast, and this could be an excellent solution for your small business.

Which type of companies do they apply to?


Ezbob is intended for the UK’s smallest businesses. As long as you have a UK registered business (even as a Sole Trader), you will likely be granted a loan. Qualifying businesses must also have yearly turnover of at least £10,000. The individual applying must be at least 18 years of age, with a business debit card, and an owner/director/partner at the company in question.

Are bad credit businesses accepted?


Yes and no. Ezbob makes a proprietary judgment about each customer’s credit-worthiness when approving or denying a loan. While they do not publish specific credit history requirements, user reports indicate that qualifying businesses are typically approved. However, minimally-qualifying businesses will be approved at the highest interest rates or not at all. Because the loans are small and the terms short, businesses with middle-low credit are likely to have success here, even if they have been rejected by other lending providers.

Early repayments & Comparison


There are no fees or penalties for early repayment. Because a fairly interest cost is the price users pay for speed and convenience, customers will be motivated to pay off their loans as quickly as possible. However, because the maximum term for a loan is 15 months, the repayment process is pretty quick anyway.

How do they compare with other companies in the industry:

Ezbob tops the list when it comes to speed and convenience. Their extremely responsive customer service can determine a customer’s approval in minutes, with minimal data provided (either: VAT online credentials, the customer’s last five VAT returns, online marketplace store credentials, business bank statements). Customers seeking large loans, lower interest rates, and long repayment terms will have to look elsewhere. But that’s not what Ezbob does. For fast, small business loans, it’s hard to beat Ezbob.

Reputation & Feedback


Ezbob provides loans so fast, it’s almost scary. Luckily, Ezbob manages to be trusted and credible. Loans are not issued to all those that request them, with poor credit applicants frequently denied a loan, just as they have been elsewhere. Ezbob doesn’t provide quite the level of data transparency as some other lenders, and their website has more-than-average typos. However, these details don’t seem to result in anything but an excellent customer experience.

The UK government’s Angel Co-Fund is an Ezbob shareholder, and the European Investment Fund (EIF) chose Ezbob as its first internet lender EU financial intermediary.

TrustPilot gives Ezbob a 9.5, with nearly 200 brief, glowing recommendations of the loan broker. Ezbob’s rise in the UK micro-lending market has been covered by Forbes and others.

TrustPilot gives Ezbob a 9.5, with nearly 200 brief, glowing recommendations of the loan broker.
Ezbob’s rise in the UK micro-lending market has been covered by Forbes and others.

Bottom Line


You won’t find a faster way to get a loan. Some users report having money in their business account in as little as 10 or 20 minutes following application. I would especially recommend this option for businesses who routinely need a quick cash influx, who can also quickly pay it back. Ezbob makes this easy, with no fees or penalties for early payoff. Investors will also like the short terms of these loans. With 15 months as the maximum term, and credible vetting of borrowers, risk is potentially somewhat lower than that of longer-termed lending options. Users love it, and the company continues to grow fast.


Ezbob advertises itself as the “Instant” financing solution for small businesses. And the reality is not far removed. Users report having their loan approved and funds received in as little as 10-20 minutes. Since 2012, Ezbob has been effectively challenging the traditional business loan process. Ezbob specializes in small to medium loans, granted and paid off fast.

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