Listing Number: 60270-458272
Description
It is very evident that in today’s economy with rising inflation and an overall higher cost of living, more and more Americans are living paycheck to paycheck. With over 12 million Americans a year utilizing payday loans, the demand for this type of financial service has never been higher.
Until recently, the only entry point for entrepreneurs to service this growing industry was to open an expensive brick & mortar store that comes with ongoing staffing, security and operational challenges. Now, through the advancement of technologies and a company with a clear vision, a better online option is available.
We are a Fintech based software company that has developed a fully automated lending platform tailored to the payday lending industry. Launched in 2018, our robust AI and machine learning technology stack has successfully processed thousands of online loan applications. This online format also yields a much better borrower’s experience with convenience of completing the application steps anytime of the day in the comforts of their own home.
Our turnkey package performs all aspects of the day-to-day business operations for you from marketing and lead generation to loan applications, approvals, collections, and client support. This model presents an opportunity for individuals to enter into this lucrative industry with their own fully automated online lending business within an exclusive territory. You get a passively run online payday lending site combined with all of the small business ownership benefits.
No prior experience is needed to navigate this business venture, and only a select number of territories are available. Contact us today and learn more about this exciting opportunity to profit from this revolutionary, high ROI lending model, within an established and growing industry.
**Please note that you do not need to live in the same state as your territory. For example, you can live in Florida or Ohio and own Texas or Nevada territory.**
Existing Units:
31
Facilities:
Online only
Competition:
The payday lending industry requires state licensing to legally lend funds. To obtain this this license, Applicants must have no prior criminal convictions.
Explanation of Fees and Payments:
Initial fee is to purchase your exclusive territory (from $100K) and additional funds is the minimum lending capital for your territory (from $180K).
Support & Training:
Full training and support provided including full assistance with obtaining all necessary state licenses.
Listing Details
- Price: $340,000
- Down Payment: $340,000
- Sellers Discretionary Earnings: $0
- Total Sales: $0
- Location: Hamilton County, Ohio
- Inventory: $0
- FF&E: $0
- Employees:
- Year Established: 2018
- Reason for Selling: SASS Agreement
- Category: Financial Related
