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BreadRoute Review
IOU Financial
4.0Our IOU Financial Review
IOU Financial provides successful small businesses access to the capital they need to seize growth opportunities quickly. Typical customers include medical and dental practices, grocery and retail stores, restaurant and hotel franchisees and e-commerce companies. In a unique approach to lending, the advanced, automated application and approval system accurately assesses applicant’s financial realities, with an emphasis on day-to-day cash flow. It makes loans of up to $1,500,000 to qualified applicants within 24 hours in most cases. Since 2009, IOU has initiated more than $1.5 billion, comprising more than eleven thousand loans to small businesses (SMBs).
Who Is IOU Financial Best For?
Based on eligibility requirements and available products.
- Businesses with fair or rebuilding credit
- Businesses seeking larger financing amounts
Financing Options
Eligibility Requirements
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Quick Overview
4.0Compare Alternatives
Other Nonbank Lender lenders
IOU Financial Pros & Cons
Pros
- Accepts fair or rebuilding credit
- Lends nationwide
- High loan amounts available
Cons
- Requires $30,000+ in monthly revenue
Frequently Asked Questions
IOU Financial offers financing in the range of $15,000 to $1.5 Million.
IOU Financial typically requires a minimum credit score of 600. Businesses with scores above this threshold are more likely to qualify for favorable terms.
IOU Financial offers the following financing products: Merchant Cash Advance.
IOU Financial requires a minimum of 1 Year in business. Newer businesses may want to explore alternative lenders with lower seasoning requirements.
IOU Financial provides financing to businesses across the United States.
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