See the latest news on IOU Financial in small business lending.
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Apr 29, 2021
Company meets challenges of the COVID-19 pandemic and positions itself to increase lending activities to small businesses in anticipated recovery of the US economy. Loan origination volume grew...
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Apr 8, 2021
IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today that it intends to repurchase up to $2,000,000 of its...
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Dec 3, 2020
IOU Financial Inc. ("IOU Financial" or the "Company") (TSXV: IOU) is pleased to announce that it closed on the date hereof its non-brokered private placement of 18,009,806 common shares of the...
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Nov 23, 2020
On a sequential basis, loan originations doubled to US$18.4 million in Q3 2020 from US$9.2 million in Q2 2020 as IOU gradually resumed loan originations to more businesses and geographical areas...
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Nov 4, 2020
Loan Purchase Agreement of up to US$150 million per year with Neuberger Berman fund enables IOU to capitalize on the economic recovery Neuberger Berman managed fund will also lead non-brokered...
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Sep 11, 2020
IOU FINANCIAL INC. ("IOU Financial" or the "Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today that it has amended the exercise price of the...
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Aug 27, 2020
IOU's Q2 2020 results were significantly impacted by the economic disruption of the COVID-19 pandemic, including reduced loan originations and increased provision for loan losses. However, IOU...
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Aug 4, 2020
IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announces today that more than two-thirds of the value of the Company's...
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Jul 28, 2020
IOU FINANCIAL INC. ("IOU Financial" or the "Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today the grant of options pursuant to its Stock Option...
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Jun 22, 2020
IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), reported today the results of its Annual General and Special Meeting of...
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May 28, 2020
Loan originations increased 16.0% to US$38.1 million in Q1 2020 compared to the same period in 2019. Total loans under management increased 24.3% to $119.9 million in Q1 2020 compared to Q1 2019....
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May 11, 2020
IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce that the Company's wholly owned subsidiary, IOU...
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Apr 29, 2020
Loan originations increased 23.4% to US$154.2 million in 2019 compared to 2018. Adjusted gross revenue increased 28.5% to $23.7 million in 2019 compared to 2018. Adjusted operating expense ratio...
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Apr 3, 2020
IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announces today cost reduction and other initiatives due to the COVID-19...
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Mar 19, 2020
IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is providing an update to its business outlook given the COVID-19 pandemic....
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Jan 17, 2020
IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce it has engaged The Howard Group as its investor...
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Dec 31, 2019
IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce that it has modified and extended its US $22 million...
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Nov 13, 2019
Loan originations increased 14.5% to US$41.4 million in Q3 2019 compared to Q3 2018. Total loans under management increased 27.4% to $108.0 million as at September 30, 2019 compared to the same...
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Sep 27, 2019
IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce that IOU was named one of Canada's Top Growing...
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Sep 12, 2019
IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce that Canadian Business ranked IOU for the sixth...
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Aug 23, 2019
Loan originations increased 31.8% to US$38.5 million in Q2 2019 compared to Q2 2018. Total loans under management increased 36.4% to $101.0 million as at June 30, 2019 compared to the same period...
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Aug 2, 2019
IOU Financial Inc. ("IOU") (TSXV: IOU) is pleased to announce that the holders of its 10% convertible unsecured subordinated debentures due December 31, 2020 (the "Debentures") have approved the...
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Jul 25, 2019
IOU Financial Inc. ("IOU") (TSXV: IOU) is announcing that, subject to the definitive approval of the TSX Venture Exchange (the "TSX-V"), it intends to amend the terms of its series of 10%...
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May 23, 2019
IOU posts adjusted net earnings of $0.5 million in the first quarter of 2019. Under IFRS, Q1 2019 represents the Company's sixth consecutive profitable quarter. Loan originations increased 33.7%...
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May 3, 2019
IOU Financial Inc. ("IOU" or the "Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today that it will submit a special resolution at its annual and...