Entries by Nathan Currin

IOU Financial Inc. Releases Financial Results for the Three-Month Period Ended March 31, 2018

Net earnings on an IFRS basis and adjusted net earnings amounted to $0.8 million in Q1 2018, the second consecutive quarter with positive earnings for the Company. Loan originations increased 11.2% to $24.5 million compared to the same period in 2017. Provision for loan losses decreased 50.6% to $0.9 million in Q1 2018 driven by measures taken to reduce defaults. Opex […]

Why Your Company Needs a Freelance Contract and What it Should Include

Thirty percent of companies hire freelancers. Hiring a freelancer allows you to hire an individual to help you with anything from graphic design or social media management to creating videos or accounting services. You, too, may utilize independent contractors to meet deadlines, handle staff shortages and fill in talent gaps. Before you hire freelancers, though, […]

Best Accounting Software for Small Businesses

Accounting is not the most fun aspect of the business, but it’s surely one of the most important. That’s why, no matter whether what kind of products or services you sell, you’ll need a reliable accounting software as the backbone of your business’ finances. But if you’re a small or growing company, you probably don’t need […]

Tools Bootstrapped Business Owners Will Love

The most obvious weakness that a bootstrapped business has is its lack of capital. Without investment, a business simply can’t grow. The biggest strength of a bootstrapped business? Most often, it’s the creativity and enthusiasm of the founders. By hook or by crook, they find a path to success, using their minimal resources effectively. Tools […]

IOU Financial Inc. Releases Financial Results for the Year Ended December 31, 2017

Reached profitability during the year with positive adjusted net earnings of $0.1 million in Q4. Surpassed the half-billion loan origination mark with loan originations of $91.3 million (US) for the year. Increased interest revenue of 8.1% to $14.4 million for the year ended December 31, 2017 vs 2016. Reduced operating costs (excluding non-recurring costs) by 20.3% to $9.0 million for the year ended 2017. Raised $3.5 […]