$2000 Turn-Key “Small-Dollar Loan Business in a Box” for Lenders & a Loan Strategy a la Chime Bank
A colossal quantity of intestinal fortitude and enormous liquidity is required for a balance sheet lender to fund small-dollar loans in this environment! Frankly, if you have been following my counsel, invested in our “How to Lend Money to the Masses Profitably Course,” scheduled and/or completed a consultation with me, you are already hunkered down, […]
Check Cashing Kiosks
I have kiosks machines that enable your store to begin cashing checks in 10 days.
That’s delivered, setup, licensed, banking… EVERYTHING! [Facial recognition, scanner, dispenses cash…]
These kiosks offer a multitude of other services as well!
VERY LIMITED NUMBER available for immediate delivery with more coming soon.
Texas is my ideal target for the few we have available. You can keep your location(s) open!
CORONA: The State of the PDL, Small-Dollar, Installment Loan Industry & CURO PR.
Key Themes:
Survival: Hoard cash. “Keep your powder dry,” as they say. STOP LENDING!
Focus on getting your money!
MOIP: “Money Over the Internet Protocol.” Prepare/embrace the phone!
Digitize your lending operation.
Look around you! 70% of your competition will be gone!
The business of lending to the masses has radically changed! The “good old days” are NOT returning.
One thing will not change; DEMAND by consumers for cash!
Payday Loan Industry Ready to Provide Emergency Funds for Corona
By: Jer Ayles. Our communities rely on the “business of lending to the masses” for much more than small-dollar loans to help them in a jamb! Money transfer to friends and family in other cities and countries, money orders for the millions of households in need, cell phone top-offs… For those pessimists who are reading, […]
What’s Working-Storefront Operations and Corona Strategies
Corona & Storefront Lenders I have equity in some pawn shops, payday loan, title loan, personal loan… brick-n-mortar locations. I belong to a couple of industry groups & associations in a multitude of States. The following is what ONE entrepreneur has chosen to do to remain open. I am not endorsing it. Rather, sharing it […]
Texas Payday Loans, Title Loans, Personal Loans: CAB-Corona-OCCC Texas Advisory
The “business of lending to the masses” is scaling rapidly all over the country.
This is for our Texas lenders. It was issued 20 minutes ago.
It’s likely to serve as a template for the majority of States so I suggest you take a look.
Meanwhile, prepare to SCALE if you’re so inclined!
How to Start a Loan Business Online & Government to Dictate Consumer Lending
“The concern for the consumer and for the less affluent is well taken. But often it has been expressed in a form that has done the consumer more harm than good.”
“For fifty years the Russell Sage Foundation and others have demonstrated that setting too low ceilings on small loan interest rates will result in drying up legitimate funds to the poor who need it most and will send them into the hands of the illegal loan sharks.”
“History is replete with cases where loan sharks have lobbied in legislatures for unrealistic minimum rates, knowing that such meaningless ceilings would permit them to charge much higher rates.”
How to Start a Loan Business in Canada, USA & More
We are consultants for entrepreneurs who want to start or improve their payday loan business operations. We are not Lenders. We teach, consult, offer Courses and provide boot camps and phone consulting services enabling entrepreneurs with a desire to enter this industry to avoid failure. We opened our first location in 1998 in Garden Groove, Calif. Today we own stores and online lending portfolios. Additionally, we teach, lecture, speak, consult entrepreneurs and companies in “The Business of Lending to the Masses.”
36% APR-In Defense of Payday Loans: Academics, Legislators, Banks, Tribes
Know that a $300 loan in 1900 is equivalent to a $7,000 loan today! So… that’s their plan [banks]. MUCH higher loan principals – no way is a bank or credit union going to fund a $300 loan. And, minimum 12 to 60 month loan terms! Say goodbye to a quick $300 until your next payday!