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Last Updated: 06/21/2025

IOU Central Small Business Loans

in Business Loans from IOU Central

Last Updated: 06/21/2025

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Highlights

Amount Range

$5,000 - $300,000

APR (Fixed APR)

60.01% - 98.84%(Verified 06/21/2024)

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Loan Term (Months)

6 - 18

IOU Central Small Business Loans Review

IOU financial is a business financing offering by IOU Central, based in Kennesaw, GA. Founded in 2009, IOU Central offers access to small business loans in 50 states (and Washington, DC).

IOU financial FAQ

What are IOU financial rates?

IOU financial offers a fixed APR business financing product that ranges from 60.01% APR up to 98.84% APR.

Does IOU financial charge an origination fee?

Yes, IOU financial charges a loan origination fee of 7.8% to 8.8% of the business loan amount . IOU financial deducts the fee directly from your business loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

Does IOU financial charge prepayment fees?

No, IOU financial does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the business loan off early.

How much can you borrow from IOU financial?

Business loan amounts start at $5,000 and go up to $300,000.

What is the maximum business loan term you can get with IOU financial?

IOU financial offers small business loans with terms ranging from 6 to 18 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for IOU Central Small Business Loans?

IOU Central Small Business Loans requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $120,000 to be considered.

Applicants with a credit score of at least 640 and up to 850 may be eligible for IOU Central Small Business Loans.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by IOU Central Small Business Loans.

To qualify, applicants may need to provide the following documentation:

Proof of income
Proof of identity

What is the estimated funding time for a business loan via IOU financial?

IOU financial can fund small business loans within 2 business days.

Does IOU Central perform a hard credit pull?

As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates.

IOU financial allows you to check your rates with a soft credit pull.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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Headquarters

600 TownPark Lane

Suite 140

Kennesaw, GA 30144

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