88% of small business owners have a positive outlook for 2023

The latest Small Business Survey from IOU Financial also shows better-than-expected performance in 2022, a positive trend and Fear about the future is reduced.

Atlanta, January 18, 2023 /PRNewswire/ – IOU Finance Inc. (“IOU” or the “Company”) (TSXV: IOU), a leading online lender for small businesses (IOUFinancial.com), their published today January 2023 A case study of small business In the year It shows a positive outlook for small business in 2023.

Highlights from responses from small business owners include:

• 64% reported that their business performed better than expected in 2^Th half of 2022;

• 85% rate their current business situation “positive” or “very positive”;

• 88% expect their business performance to improve within the 1st.^St half of 2023;

• Inflation, recession, labor supply, consumer demand and public health concerns have all declined. July 2022;

• 61% “definitely” and 27% “maybe” invest in their business in 1.^St Half of 2023.

“The resilience and optimism of small business owners is a source of strength for us,” he said Carl Brabander, IOU Financial EVP Strategy. “IOU Financial is proud to fuel the growth plans of small business owners at a time when there are so many mixed messages in the media.”

The latest of the IOU A case study of small business It is based on responses from 175 small business owners. December 2022with a 95% confidence level providing a 7% margin of error. The full report is available in PDF form here.

IOU provides a financial term loan 1.5 million dollars Over 36 months, plus an IOU cash-back loan that offers 3% down for customers with a perfect repayment history.

About IOU Financial Inc.

IOU Financial Inc. is a wholesale lender that provides small businesses with quick and easy access to growth capital throughout the US and through a network of select brokers. Canada. With its proprietary IOU360 technology platform that instantly connects underwriters, dealers and brokers, IOU Financial has become a trusted alternative to small business growth since 2009, originating more than $1 billion in loans. IOU was named one of the 50. The best places to work in fintech for 2022 are Bank of America and IOU (TSXV: IOU) traded on the TSX Venture Exchange and the US OTC markets as IOUFF. To learn more about IOU Financial’s corporate history, financial products or to join our broker network, please visit www.IOUFinancial.com.

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Forward-looking statements

Certain information in this news release may contain forward-looking statements. Forward-looking statements, other than statements of historical fact, are statements that state or discuss activities, events or developments that IOU expects or may occur in the future. These forward-looking statements can be identified by the use of words and phrases such as “estimates”, “believes”, “estimates”, “expects”, “may”, “plans”, “projects”, “will”, “will”. . “, “thinks”, “wills”, “allows”, “makes way”, “positions” or the negative or any other variation thereof. These forward-looking statements are subject to and include known and unknown risks and uncertainties. , certain factors beyond IOU’s control, including, but not limited to, general economic conditions, industry conditions, regulatory and shareholder reliance, approvals, uncertainty of obtaining additional financing, risks related to the Company’s inability to execute its business plan, reliance on third party service providers, competition , dependence on key personnel, security and confidentiality risks, risk of technological development, IT disruption, maintenance of customer relationships, and risk of litigation. No assurance can be given that events anticipated by such statements will occur or what benefits IOU will receive if they occur. Readers benefit from preparing such information. The assumptions made above, even if considered reasonable at the time of preparation, may prove to be inaccurate and, as such, undue reliance should not be placed on forward-looking statements. IOU undertakes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise. Additional information regarding other matters can be found in the IOU Management Discussion and Analysis under the heading “Risks and Uncertainties” beginning on page 20. November 18, 2022Available on SEDAR at www.sedar.com under the IOU profile.

Neither the TSX Venture Exchange nor the Regulation Service Provider (as that term is defined in the TSX Venture Exchange Policies) accepts responsibility for the adequacy or accuracy of this release.

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Source IOU Financial Inc.