Business lender Everline has extended its loan term limit to offer small businesses access to between £3,000 and £120,000 of working capital for up to 24 months.

The term limit was previously 15 months.

Everline, together with its sister company Ezbob, have provided over £70 million and over 6,000 loans to help small businesses since 2012.

Russell Gould, COO of Everline, said: “We’re continually reviewing our product to make sure it matches the changing needs of our small business customers. Our increased loan term will provide small businesses with even greater flexibility to access working capital for whatever their business need – be it cash flow, growth plans or stock opportunities.

“The increase also allows businesses to reduce their monthly repayments by spreading the cost of their loan over a longer term. If they choose to repay early, they can still do so with no additional fees and will only be charged for the time the money is borrowed for.”