IOU Financial

What does IOU Financial offer?

IOU Financial offers a business term loan as its lead product, with lines of credit, equipment financing and invoice factoring also listed. Its two bridge products are unusual: SBA bridge financing gives you short term funds while an SBA loan works through approval, and tenant improvement bridge financing covers build out costs ahead of a landlord reimbursement. Both solve a timing problem rather than a long term capital need, and both should be repaid from the money you are waiting on.

Who does IOU Financial fund, and who do they decline?

IOU funds US small businesses in healthcare, construction, retail, restaurants and a range of other sectors. The profile does not publish a funding range, minimums, time in business or decline criteria. It states that IOU works with established brokers and resellers, so your file may reach it through a broker even if you start elsewhere.

The bridge products need a specific trigger: an SBA loan in process with a lender, or a signed lease with a tenant improvement allowance. Without that documented future inflow, there is nothing to bridge. Businesses outside the United States are not eligible.

What does it typically cost and how fast is it?

IOU does not publish rates, fees or funding times; pricing is quoted per file. Online term loans in this category typically cost more than a bank and less than a cash advance, and bridge loans are priced for a few months of use. Our term loan and bridge loan pages give typical ranges. If you are bridging an SBA loan, weigh the bridge cost against what the delay would cost you, since the SBA loan itself will be far cheaper.

What will you need to apply?

For a term loan, expect three to six months of business bank statements, a recent tax return, your EIN and formation documents and owner ID. For an SBA bridge, add the SBA lender's commitment or approval status; for a tenant improvement bridge, the lease and allowance terms. Our document checklist covers the rest.

How does IOU Financial compare with similar lenders?

OnDeck offers a term loan and a line of credit to US small businesses as one of the longest running online lenders, with the lender of record being an OnDeck company or Celtic Bank. Kapitus offers business loans and revenue based financing directly, plus equipment financing and a network for SBA, lines and factoring. IOU's distinct products are the SBA and tenant improvement bridges, which neither of the others names.

How to apply

Apply once on this site and matching shows whether IOU Financial, or a similar lender, fits your file. You can also ask your AI assistant to collect your documents and apply for you through our MCP server. A profile in this directory is a market reference and does not by itself mean the lender is on our network for your file; matching shows the lenders available to you.