The company celebrates major events Financial support for small business growth in 12-year history North America

Atlanta, November 2, 2021 / CNW Telbec / – IOU Financial Inc. The “IOU” or “Company” (TSXV: IOU) announced today that it is the leading online lender for small businesses (IOUFinancial.com). $ 1B Total loan origins.

“This is a big milestone for all IOU team members, partners and stakeholders,” he said. Robert Glor, President and CEO. The company has grown over the past 12 years, but our values ​​have not changed. North America They are dependent on our financial support solutions to drive their growth plans. “

The IOU also announced today that it has completed its quarterly loan disbursement September 30, 2021 It surpasses all previous records. The company is over-produced $ 52 million With small business loans in Q3, the company’s new high water mark in the 12-year history, represents 51.5% and Q2 2021 consecutive growth, and 183.1% above Q3 2020.

“We are delighted to be able to provide new IoU Financial Records by passing credit numbers before the outbreak,” he said. Robert Glor, President and CEO. “Despite the macroeconomic and public health concerns, we are confident that economic recovery will continue.”

IOU Financial started its first loan in December 2009 And the IOU360 technology platform, which has quickly helped small business owners get financial support visas, has become a viable option with banks. The company continued to provide financial support to small businesses during the CVD-19 epidemic, and then introduced the industry’s first IOU Financial Repayment Loan and set an all-time record of monthly loan startups.

A.D. We faced the challenges of the COVID-19 pandemic that pushed us to start IOU Financial in the 2008 financial crisis – and both practices reinforced the need to help small businesses adapt and grow to new challenges. ”Added Gloyer. “Here’s to small business growth for the next 12 years!”

The company is set to share its Q3 financial results in the coming weeks.

About IOU Financial Inc.

IOU Financial Inc. Kannada. Built on the proprietary IOU360 technology platform, IOU Financial has become a trusted alternative to instant access to banks, brokers and brokers. $ 984 million as such September 30, 2021 Loans to support small business growth since 2009. The IOU trades on the TSX Venture Exchange in the IOU (TSXV: IOU) and US OTC markets as the IOUFF. To learn more about IOU Financial Corporate History, Financial Products, or to join our broker network, please visit www.IOUFinancial.com.

Future Statements

Some of the information contained in this news release may contain forward-looking statements that include significant and unknown concerns and suspicions. These future statements are subject to a number of risks and uncertainties, some of which are beyond the control of the IOU, including general economic conditions, industrial conditions, dependence on regulatory and shareholder approvals, and enforcement, but are not limited to these. Uncertainty of access to documents and additional funding. Although the assumptions used by readers to prepare such information are considered reasonable at the time of preparation, they may be inaccurate and, as a result, inappropriate reliance should not be placed on future statements. The IOU undertakes no obligation to update or revise future statements with new information, future events or otherwise.

Neither TSX Venture Exchange nor the Service Provider (as defined in the TSX Venture Exchange Policies) will be liable for the accuracy or completeness of this release.

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Source: IOU Financial Inc.

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