IOU Financial

Avg. Rating: 5.0 (2 reviews)

IOU Financial is a leading online lender specialized in helping small businesses with healthy cash flow. Typical customers include medical and dental practices, grocery and retail stores, restaurant and hotel franchisees and e-commerce companies. IOU Financial provides a unique approach to lending through an advanced, automated application and approval system. This accurately assesses applicants’ financial realities, with an emphasis on day-to-day cash flow trends, and makes small business loans of up to $150,000 to qualified applicants in only 24-48 hours. Speed and transparency make IOU Financial a trusted alternative to banks.


IOU Financial is a member of the Canadian Lenders Association:


  • TIME IN BUSINESS: Since 2008
  • # OF CUSTOMERS: Over 8,500
  • TOTAL FUNDED: Over $600M
  • LOANS OFFERED: Unsecured Term Loans, Line of Credit, Merchant Cash Advance, Invoice Factoring, Secured
Visit site and apply


1 Place Ville Marie, Montreal QC H3B 4M7
Call Center: Mon-Fri 8:30AM-5:30PM EST. Saturday and Sunday closed
Support Offered:
  • Help Center/Blog
  • Email Support
  • Web Chat
Availability: All of Canada except Quebec

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Interest rate Starting at 9.25% Amount $5,000 – $150,000 Term 6 – 18 Months

Eligibility & Documents

Who is eligible

  • The business must be 1 year old
  • Show 10 deposits per months, of at least $10,000
  • Incur no more than 3 negative days and/or 5 NSF in any given month
  • Show an average ledger balance of at least $3,000
  • Owners must be Canadian citizens or have legal resident status

What you need to provide

  • 3 months of bank statements
  • Driver’s License
  • Void cheque

Repayment & Issuance

How fast can you get the money 24 hours Funding method Direct deposit How does repayment work Regular repayments from bank account

IOU Financial Reviews

Avg. Rating: 5.0 (2 reviews)
Very professional

Every detail of transaction was presented very candidly and to the point!

Cari Cox
True business partner

The folks at IOU care for business owners and worked really hard to get me approved for a business loan. I tried 3 other companies before them and had no luck, but these guys went really above and beyond to get me approved in 3 days.


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