Everline is a leading alternative finance provider of working capital to small and medium size businesses. We offer our customers a simple, frictionless and transparent process. Using up to date business data and our innovative technology, we make responsible, real time, and automated risk decisions.
The business was founded in 2012 and Everline was acquired in 2015 by Orange Money Ltd, a business lender backed by the Business Bank supported Angel Co-Fund. The combined business has collectively provided over 6,000 business loans and lent over £60million to small businesses
Flexible business loans for your UK company sent within 5 minutes of approval. Apply online from £3k to £120k.
How do they charge?
Our interest rate varies between 1.75% – 2.25% per month on the remaining loan balance and we currently offer a 24 month loan term, meaning you will be responsible to pay back your principle in 24 equal monthly repayment, plus interest on the outstanding amount. This equates to a yearly actual interest cost of between 16-20%. A one-time set up fee of 2-7% is charged upon issuance of the loan.
If the business’s circumstances change and the loan can be repaid earlier than expected, you may be able to save money. The business can repay early in full or in part at any time at no extra charge, and interest will only be charged for the number of days that you borrow the money and only on the remaining principal balance.
Small and medium sized businesses can borrow up to £120,000 for up to 24 months with annualised credit costs typically between 16-24%. Limited companies, limited liability partnerships and sole traders can apply online and the application process takes 10 minutes. If an application has been approved and offer accepted, funds are sent within five minutes.
Customers can repay early, in full or in part, at any time at no extra cost as they are only charged interest for the time they have borrowed the funds.