Company delivers on its commitment to product innovation with biggest and longest-term loan product to date.
ATLANTA, Aug. 1, 2022 /CNW/ – IOU FINANCIAL INC. (“IOU” or “the Company”) (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today the introduction of its new Premier PLUS term loan product for small businesses, with terms of 36 months and loan amounts ranging from US$500K to US$1.5M.
“Small business needs are growing, and IOU is thrilled to introduce our biggest and longest-term loan to date,” said Robert Gloer, President and CEO. “Being able to access up to US$1.5 million within 24 hours of completing an application can be a powerful option for quickly financing growth strategies.”
IOU’s Premier PLUS term loan is available to businesses that have been in operation for at least 5 years and rewards those with high credit scores. …