IOU Financial

Avg. Rating: 5.0 (1 review)

OU 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 $100,000 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

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Interest rate Starting at 15% Amount $5,000 – $100,000 Term 12 – 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 (1 review)
Very professional

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

Cari Cox

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