IOU Financial Inc. Releases Financial Results for the Fourth Quarter and Year Ended December 31, 2015 Loan originations in 2015 increased by 47% year over year to a record $146.4 million. Total loans under management in 2015 was approximately $92.7 million, an increase of 63% over the previous year. Increase of 94% in year-over-year gross revenue to […]
Fourth Quarter 2015 Year End Results Read More
Today’s small business owner can struggle for months with a bank to receive the smallest amount of financing. Kevin O’Leary understands small businesses and got involved with IOU Financial to ensure small business owners always have access to affordable capital! O’Leary interviewed Jason, owner of DaVinci’s Pizza, who waited for months only to be denied
Banks Aren’t Lending: Kevin O’Leary Interviews DaVinci’s Pizza Owner Read More
After two years of operation, Voodoo Vapor found itself with two successful locations. The company’s owner had recently moved into a larger brick and mortar store and expanded her business with a free-standing mall location. In order to continue the successful growth and evolution of the company, Voodoo Vapor realized that adjusting the way inventory
Expand your Business through Greater Product Offerings Read More
Specializing in LED lighting and solar electric panels, Ohio Valley Electric has tripled its growth in the past years. With five-plus years in business and an A+ BBB rating since the start, John, the owner, counts his success to always going the extra mile for his customers. “We started the business to help people, and
Cash Flow Assistance for a Growing Small Business Read More
How Inventory Management Can Make or Break Your Small Business All small businesses are focused on driving sales in order to boost revenue, but businesses that sell goods rather than services have the unique challenge of managing their inventory in a way that maximizes their profits. Small business owners rely heavily on the profitable sale
Maximizing Profits With Better Inventory Management Read More
3 Tips to Build a Stronger Social Media Presence for Your Small Business While in the initial phases of starting your small business you may have created a Facebook or Twitter page without giving it much thought. Now that your company is operating smoothly, you may be looking to expand, and a stronger social media
3 Tips on Social Media Presence for Your Small Business Read More
Taking on a business partner is both rewarding and risky. Your business maybe doing well, but if your partner suddenly has a personal financial setback, such as a bankruptcy or foreclosure, this could very well prevent your partnership from getting a business loan, especially from a bank. However, there is hope. Private commercial lenders like
Could Your Partner Prevent You From Getting a Business Loan? Read More
Expansion is an exciting prospect in the life of any business. Normally, it denotes that your business is doing well and will benefit from growing bigger. It’s also a challenging prospect, in that it can interrupt your normal operations and require additional resources, such as a business loan. Expansions are risky, and there are always
3 Steps to Plan for Successfully Expanding Your Business Read More
Twin brothers Jermaine and Damian launched No Grease, Inc. in 1997. Growing up with a mother who was a stylist, they were introduced to the hair industry at a young age. Now, with 19 years of experience under their belt, they have five Charlotte, NC locations. NO Grease, Inc. is no ordinary barber shop. The brothers have
Customer Success Story: Getting Ahead of the Competition Read More
Banks operate under a different set of specifications when it comes to business lending. They often offer many additional services, and as such, have traditionally taken a more conservative approach to selecting businesses to lend to. The most obvious characteristic that banks emphasize is credit score. Less than 800 (out of 850), and they’re usually
Why Your Business Might Wow an Online Lender but not a Bank Read More