Kennesaw, GA (PRWEB) May 27, 2014
As a leader in alternative financial services, IOU Central evaluates loan applications for owners of healthy small businesses that have been in operation for at least two years and are looking for a six to 12 month loan up to $100,000. Because the application process is technology driven, many borrowers get an answer on approval and have a deposit in their account in days, as opposed to the typical weeks long process associated with traditional banks.
An IOU Central loan delivers a less costly fixed-rate alternative to merchant cash advances. There is no fee to apply and repayment plans offer the convenience of automated daily direct withdrawals from the customers’ business bank account. Equipment Street members can explore this financing alternative through online access and receive credit qualification decisions within minutes. Approved businesses can often receive their funds within less than 48 hours.
Robert Gloer, President and COO of IOU Central states, “IOU Central is extremely excited to partner with Equipment Street. We quickly recognized the synergy between our organizations and immediately grasped how the combination of our products and services could be of benefit to our shared clients. Our partnership with Equipment Street enables them to expand into the working capital loan space, offering more customers enhanced financing flexibility, while helping us expand our market reach at the same time. I look forward to a long and mutually beneficial partnership with Equipment Street.”
Equipment Street is dedicated to changing the way businesses buy and sell equipment. Visitors receive support across a broad range of equipment categories including: theft prevention, office technology, food service, telecom, automotive, and light industrial, among others. The site offers access to a comprehensive equipment procurement solution that enables business owners to post needs, research sellers, evaluate bids, and select the best products at the best prices. To facilitate the purchasing process for companies that are faced with cash flow challenges, Equipment Street Finance offers instant access to capital thorough a variety of lending solutions.
About IOU Central:
IOU Central is a leading online lender specialized in helping small businesses with healthy cash flow. In a unique approach to lending, IOU Central’s advanced, automated application and approval system accurately assesses applicants’ financial realities, with an emphasis on day-to-day cash flow trends. It makes small business loans of up to $100,000 to qualified applicants within a few business days, with affordable charges favorable to cash-flow management. Based in metro Atlanta, Georgia, IOU Central is a privately held subsidiary of IOU Financial (TSX-V: IOU), which is headquartered in Montreal, Canada. For more information, visit http://www.ioucentral.com.
About Equipment Street:
Equipment Street is headquartered in Ponte Vedra Beach, Florida. The company is dedicated to delivering the preferred digital equipment marketplace where buyer and sellers of equipment can network and form mutually rewarding business relationships. Equipment Street also provides a variety of financing options to assist buyers and sellers of equipment obtain the capital they need to meet their equipment goals. For more information about Equipment Street please visit our website at http://www.equipmentstreet.com or call 877.956.4858.
If you would like to know more about IOU Central or wish to schedule an interview please contact Leila Earls at learls(at)ioucentral(dot)com.