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The company is committed to product innovation Largest and longest loan yield to date.
Atlanta, August 1, 2022 /PRNewswire/ – IOU Finance Inc. (“IOU” or the “Company”) (TSXV: IOU), a leading online lender for small businesses (IOUFinancial.com), has announced the introduction of its new Premier PLUS loan product for small businesses, with 36-month terms and loan amounts of 500 thousand dollars to the USD 1.5 million.
“Small business needs are growing, and IOU is excited to introduce our largest and longest term loan to date,” he said. Robert Glor, President and CEO. “To be able to reach 1.5 million dollars It can be a great option to quickly fund growth strategies within 24 hours of completing the application.
The IOU Premier PLUS loan term is available to businesses that have been in business for at least 5 years and rewards those with a high credit score. Available to qualified new and returning customers, the Premier PLUS term loan is designed for small business owners with larger loan amounts and easy repayments over 36 monthly payments.
Premier PLUS is the latest installment in IOU’s commitment to offering innovative new loan products designed to help broker partners meet a wide range of business financing needs. In the year In 2021, the company expanded its product range with a 24-month term loan and an industry-first cash-back loan, a unique term loan for small businesses that promotes perfect payment histories with a 3% cash reward. The initial loan amount.
Product innovation is a cornerstone of the company’s post-pandemic growth plan, for which it was awarded a Silver Stevie® at the American Business Awards®.
IOU Broker Network Partners can find out if their customers qualify for a Premier PLUS Term Loan by contacting an IOU Financial Account Executive. Small business owners can find a broker, and independent brokers can apply to join the IOU Financial broker network by visiting www.IOUFinancial.com.
About IOU Financial Inc.
IOU Financial, Inc. is a wholesale lender that provides small businesses with fast and easy access to growth capital through a network of select brokers throughout the US. Canada. Since 2009, IOU Finance has become a trusted alternative to banks, connecting underwriters, merchants and brokers instantly on its proprietary IOU360 technology platform, originating more than $1 billion in loans to support small business growth. 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.
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 stockholder 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 technology development, IT disruptions, 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 used, 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. May 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 correctness or accuracy of this release.
Source IOU Financial Inc.
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