Fees | IOU Financial

Fast, Fair, Affordable Online Business Loans


Transparency is what makes IOU Financial the industry’s most trusted small business loans provider. We don’t spring random fees on you, we dont hike up your interest rate, we don’t require you to collateralize your loan with personal assets and we don’t need you to write us a novel on why you deserve a loan for your business.

Learn About Our Fees

There are never fees for an online application with IOU Financial.  Fees are only charged if a loan is funded.

Origination Fee

At the time your loan is funded, a one-time “origination” fee of 8.8% will be added to your loan amount. For example, if you borrow $15,000, a fee of $1,320.00 would be added to your loan amount. Your Gross Loan Amount would be $16,320 and $15,000 would be deposited in your bank account.

On loans being renewed, the origination fee is 7.8%.

Non-Sufficient Funds Fee

A NSF Fee ($25) is charged only if your daily loan payment fails due to insufficient funds in your business bank account. If you close or change your bank account there may be a fee associated with that change before loan payoff.

Wire Transfer Fee

If you opt for instant funding (within 24 hrs) via a wire transfer, you will be charged a $95 processing fee for the first transfer, and $35 for any additional wire transfers.

Guarantee Fee

Simply put a loan guaranty fee is a charge assessed on a small business loan relative to the risk associated with it. IOU Financial loans are not insured against losses by any government agency. This loan guaranty fee is collected on all loans to offset default costs associated with our small business lending activities.