88% OF SMALL BUSINESS OWNERS HAVE POSITIVE OUTLOOK FOR 2023

88% OF SMALL BUSINESS OWNERS HAVE POSITIVE OUTLOOK FOR 2023

Newest State of Small Enterprise Survey from IOU Monetary additionally reveals stronger-than-expected efficiency in 2022, constructive present state and decreased issues concerning the future.

ATLANTA, Jan. 18, 2023 /CNW/ – IOU FINANCIAL INC. (“IOU” or “the Firm”) (TSXV: IOU), a number one on-line lender to small companies (IOUFinancial.com), printed in the present day their January 2023 State of Small Enterprise Survey revealing a constructive outlook for small enterprise in 2023.

Highlights from the responses offered by small enterprise house owners embrace:

  • 64% reported that their enterprise carried out higher than anticipated within the 2nd half of 2022;
  • 85% fee their present state of enterprise “constructive” or “very positively”;
  • 88% anticipate their enterprise efficiency to enhance within the 1st half of 2023;
  • Issues about inflation, recession, staffing, client demand and public well being have all decreased since July 2022;
  • 61% “undoubtedly” and 27% will “perhaps” put money into their enterprise within the 1st half of 2023.

“The resilience and optimism of small enterprise house owners is a supply of inspiration to us,” stated Carl Brabander, EVP Technique of IOU Monetary.  “IOU Monetary is proud to gas the expansion plans of small enterprise house owners at a time when there are such a lot of blended messages being promoted within the media.”

IOU’s newest State of Small Enterprise Survey is predicated on the responses of 175 small enterprise house owners offered in December 2022, offering a margin of error of seven% with a confidence stage of 95%.  The total report in PDF kind is obtainable right here. 

IOU Monetary gives time period loans of up US$1.5 million over 36 months, in addition to the IOU Money-Again Time period Mortgage that provides a rebate of three% to purchasers with an ideal reimbursement historical past. 

About IOU Monetary Inc.

IOU Monetary Inc. is a wholesale lender that gives fast and easy accessibility to progress capital to small companies via a community of most popular brokers throughout the US and Canada. Constructed on its proprietary IOU360 know-how platform that connects underwriters, retailers and brokers in actual time, IOU Monetary has turn into a trusted various to banks by originating over US$1 billion in loans to fund small enterprise progress since 2009. IOU was named one of many 50 Greatest Locations to Work in Fintech for 2022 by American Banker and trades on the TSX Enterprise Change below the image IOU (TSXV: IOU), and on the US OTC markets as IOUFF.  To be taught extra about IOU Monetary’s company historical past, monetary merchandise, or to hitch our dealer community please go to www.IOUFinancial.com.

Ahead Wanting Statements

Sure info set forth on this information launch could comprise forward-looking statements.  Ahead wanting statements are statements, apart from statements of historic truth, that deal with or focus on actions, occasions or developments that IOU expects or anticipates could happen sooner or later.  These ahead wanting statements may be recognized by way of phrases and phrases corresponding to “anticipates”, “believes”, “estimates”, “expects”, “could”, “plans”, “tasks”, “ought to”, “will”, “intends”, “seeks”, “permits”, “creates a path for”, “places able to” or the detrimental thereof or different variations thereon.  These forward-looking statements are topic to and contain substantial identified and unknown dangers and uncertainties, sure of that are past the management of IOU, together with, however not restricted to, the influence of basic financial circumstances, business circumstances, dependence upon regulatory and shareholder approvals, the uncertainty of acquiring further financing, dangers associated to the Firm’s incapacity to execute on its marketing strategy, dependence on third-party service suppliers, competitors, dependence on key personnel, safety and confidentiality threat, technological growth threat, IT disruptions, upkeep of shopper relationships, and litigation threat.  No assurance may be on condition that any of the occasions anticipated by such statements will happen or, in the event that they do happen, what profit IOU will derive from them.  Readers are cautioned that the assumptions used within the preparation of such info, though thought of affordable on the time of preparation, could show to be imprecise and, as such, undue reliance shouldn’t be positioned on forward-looking statements.  IOU doesn’t assume any obligation to replace or revise its forward-looking statements, whether or not on account of new info, future occasions, or in any other case.  Further info regarding these and different components may be discovered starting on web page 20 below the heading “Dangers and Uncertainties” in IOU’s administration’s dialogue and evaluation dated November 18, 2022, which is obtainable below IOU’s profile on SEDAR at www.sedar.com.

Neither TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.

SOURCE IOU Monetary Inc.

88% OF SMALL BUSINESS OWNERS HAVE POSITIVE OUTLOOK FOR 2023

For additional info: IOU Monetary media inquiries: [email protected]