IOU Financial, an online lender to small businesses, introduced its new Premier PLUS term loan product for small businesses, with terms of 36 months and loan amounts ranging from $500,000 to $1.5 million.
“Small business needs are growing, and IOU is thrilled to introduce our biggest and longest-term loan to date,” Robert Gloer, president and CEO of IOU, said. “Being able to access up to $1.5 million within 24 hours of completing an application can be a powerful option for quickly financing growth strategies.”
IOU’s Premier PLUS term loan is available to businesses that have been in operation for at least five years and rewards those with high credit scores. Available to qualified new and returning clients, the Premier PLUS term loan is designed to provide small business owners with easy access to larger loan amounts and payments spread out over 36 monthly installments.
