As a new year approaches, most businesses evaluate years past to determine how they will make the coming year the best yet. This was the case for a Cincinnati-based accounting firm. After being named in the top 25 firms in Cincinnati, 2015 had proven to be a success; but the firm still needed some extra cash to get through the end of the year and start 2016 strong.
We asked a couple of quick questions about the business to better understand their experience and how an IOU Financial small business loan helped them. Check out their answers!
Type of Business: Accounting Firm
Location: Cincinnati, Ohio
How many years in business: 33
Please provide some background of your small business: The business was started by two CPAs who wanted to provide proactive accounting services to small-to-medium size businesses. We have grown to a firm size of 24 employees and ranked as one of the top 25 accounting forms in Cincinnati.
What is your favorite part of being a small business owner? Helping others grow their business
Why did you seek out additional working capital from IOU Financial? High receivables at year end and needed help at year end in a short term cash crunch
How has this capital helped your business grow? Allowed us to add additional employees that take time to generate positive cash flow.
What has IOU Financial done for you that others don’t or haven’t in the past? Honest, quick response
What are the strengths of IOU Financial ? Quick turn around and easy to complete process
What would you tell someone considering an IOU Financial small business loan? [The process is] easy and quick to accomplish, with low paperwork requirement.
Is there anything else about your experience with IOU Financial that you’d like to elaborate on? I liked being on the phone with client services and [closing the loan] online with the Closing Specialist.