Ebury

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Helping businesses grow beyond their borders with flexible business funding and tailored currency services.

SMEs often don’t get the products and services they require from traditional financial institutions. This is in sharp contrast to the fact that as they increasingly trade overseas and operate quite like large corporates they need to be served in much the same way by the financial system.

At Ebury we take the time to really understand each business and help them find solutions to enhance the way they collect money from overseas customers, move cash to and from international subsidiaries, manage their currency exposure or distribute funds globally. Ebury enables businesses to transact in over 140 currencies, backed by up to 150 days’ credit if required.

What type of funding does Ebury provide?

Highlights

requirments_icon1Loan Amount
£50,000 – £1M

Terms
Up to 5 months

Fund received
Up to 3 days

What do I need in order to qualify for funding?

Right now they accept UK buyers with above £1m in annual revenues. As a general guideline, they look for a minimum two years’ healthy trading record, and up-to-date statutory and management accounts. Their finance is for any industry sector but it’s more frequently used by buyers of goods, in wholesale, retail and manufacturing.

How do I apply to get funding?

To apply, simply fill out an application form and then you’ll receive a call from Ebury to discuss your needs. After this they will run their internal checks and let you know if your application has been successful.

Find the right funding for your business

What is the process to receive funding?

Once your application has gone through, a credit line and repayment period will be agreed and then you’re ready to draw down funds. Arrange a transaction with your domestic or international supplier and Ebury will pay 100% of the invoice value upfront. You’ll have up to 150 days to repay the value to Ebury.

“The team is knowledgeable and approachable. It has given us a flexible way to fund our transactions and avoid lengthy documentation processes. Both we and our US supplier are very pleased.” Matt Rymell, Operations Manager, Dyrhoff

Does Ebury run a credit check?

After the application has been submitted and Ebury has completed the initial call, they will run their internal checks. This has no impact on your personal or company credit rating.

 

Do I have to provide security or a guarantee?

Ebury offers unsecured lending via a Bill of Exchange. They don’t take title over the goods or a charge over the business. Their facility simply integrates with your existing set-up to assist with cash flow. In some cases, they may request a personal guarantee or cross company guarantee.

 

Are there fees involved?

You don’t have to pay to set up your business funding, nor will it cost anything to maintain. You only pay when Ebury finances an invoice.

 

What are the loan rates?

Rates depend on the transaction size as well as the time required to repay the funds.

 

What documentation do I need to provide?

Ebury requires financial information to properly assess your business. This may include but is not limited to two years of full accounts, monthly management accounts for the past 12 months and a list of debtors and creditors.

 

How long will it take for money to get into my account?

Once you have submitted all the required information the set-up process usually takes two to three working days. After that funds can be accessed as and when you need to finance an invoice. Ebury transfers funds direct to your supplier’s account taking just one to two days to arrive.

 

What happens in the case of a default?

Ebury will present the Bill of Exchange to your commercial bank. If the Bill of Exchange is dishonoured, we will start the legal process for fund collection.

 

Is Ebury lender regulated?

Ebury Finance Ltd is registered with the Financial Conduct Authority.