At IOU Central, Small Businesses Get Credit Where Credit Is Due
Cash flow. It's one of the biggest challenges small businesses face. With a stagnant/stringent credit market, what's a small business to do?
Enter IOU Central. We're a web-based government-regulated small business lender that enables small businesses to apply for a small business loan, in a very high-tech, low-touch way. The result? Freedom from cash flow woes and tremendous savings for you (the borrower). All because we are looking at the big picture.
IOU Central affords you an alternative to credit cards, merchant cash advances and bank loans, with no hidden fees or arbitrary rate hikes and automatic daily payments for easy cash flow management.
Our typical customers are storefront businesses that sell a lot of small ticket items to a lot of customers.
Food, Apparel, Leisure, and Electronics Retailers interested in expanding their business, either physically or by adding personnel.
Service-Based Merchandisers such as Automotive Shops, Dry Cleaners, and Day Spas, whose businesses depend as much on the services rendered as they do on product inventory.
Food For Thought
It took a great deal of organization, planning, vision, and most of all passion, for you to reach this point. Starting any business can be a demanding labor-intensive endeavor but the requirements of owning and operating a restaurant often continue to be near constant. At IOU Central, reaping the rewards of all that hard work starts with the freedom of a cash flow that's not buckled down by restrictions, fees and looming high-interest payments.
Today you need to print new menus, repaint the entryway and purchase a cappuccino machine. Tomorrow you need to place orders for produce and dry goods, process payroll for your staff and fix that refrigerator coil. There’s no shortage of investments to make in the day-to-day management of any restaurant, which is precisely why a dependable net income is so important.
When you customize your loan request, identifying the length of time in which you’d like to repay your loan is a key component to managing the long-term health of your business. Tools such as our loan calculators can really help to determine what loan duration will make the most sense for you. Not to mention, with daily automated repayments (drawn Monday through Friday, with the exception of holidays) and no threat of penalties or fees for paying off your loan early with larger partial payments or even the full balance, you’re better positioned to gauge the state of your affairs at the same constant pace your business is moving.
You don’t have to pay a king’s ransom for peace of mind
You also shouldn’t have to pay a fortune to keep your business on an upswing. Whether you’re a small food merchant, a clothing boutique, an independent book shop or a consumer electronics store, IOU Central's small business loans can be an excellent way to meet the objectives of a business plan focused on growth.
What was sufficient for the operation of the business today can be significantly less than the net income required tomorrow to incorporate 1,000 more square feet of storefront, the product to stock it and the new employees to manage it.
IOU Central's loan program is specifically designed to help you expand with confidence, knowing that you can dedicate more of your earnings to the business, while directing its natural maturation on your terms.
It’s a lot easier to deliver when your hands aren’t tied
Every successful business owner understands the importance and delicate balance of supply and demand. When you operate a service-based business that also relies on product sales, maintaining a constant inventory is crucial.
Businesses such as automotive shops, dry cleaners, day spas and shoe repair shops require a fluid cash flow unencumbered by the restrictions and fees that can make a loan more of a burden than an asset. Who wants to be forced to choose between satisfying a key stock requirement and ensuring that this month’s interest payments can be met?
At IOU Central, small business loans are offered with fixed terms and payments just like traditional business loans. They just come free of the upfront application costs, hoops to jump through, paperwork to toil over, high cash advance fees, and early repayment penalties.
Add to that the automatic daily payments (drawn Monday through Friday, with the exception of holidays) and loan renewal eligibility once you’ve repaid the majority of your original loan, and suddenly you’re back to being your own boss.
You’ve got to spend money to make money
It may seem like it costs a small fortune to go to the doctor or get a blood test, or that the car wash down the street is raking it in hand over fist, or that popcorn costs more every time you go to the movies... but if you own a medical practice, diagnostic laboratory, car wash, or movie theater, you know all too well how expensive the initial investments and maintenance are for the equipment that is vital to the day-to-day operation of these businesses.
IOU Central can be a perfect resource in supporting small Service Providers, who are distinctly challenged to juggle large expenses against a host of smaller-ticket receivables. There are no upfront costs to apply for a loan (just when every penny counts). Small business owners pay a fraction of the costs for an IOU Central loan compared to that of a merchant cash advance, and automated daily loan payments help to both regulate your cash flow and take the sting out of a larger monthly payment.