Priority development : International
Countries/Regions already covered : International

Cash Now - Exciting new and emerging unsecured payday lending, cash advance and cheque cashing franchise from the US and Canada now Available in Australia. Expected growth of 50% per year with this next generation retail business. Profit Source Magazine in 2002 says "Payday advance and cheque cashing is one of the most explosive and fastest growing industries today" 16,000 payday lender's in the US and 3,500 in Canada can't be wrong, and Cash Now is an industry leader in this field. Dont miss the Opportunity. Territories are selling fast.

Cash Now is one of the first companies to apply franchising techniques to the payday loan industry. We have developed a "next generation" retail business system which generating unusually high returns. Having demonstrated the viability of our franchise program, Cash Now is poised for a phase of accelerated growth; in its quest to capture a significant share of this untapped market for alternative financial services.

Services:
The passage of new consumer finance laws in various countries has opened the doors to this highly lucrative business! Prior to these events, state usury laws made it impossible to justify the risks involved in this type of lending. The legislators realized the need for consumers to secure small, emergency loans, with little or no red tape. They also recognized that banks were closing branches as
a result of mergers and acquisitions, making it difficult for their constituents to avail themselves of bank services. Lastly, the typical consumer finance companies were not interested in originating $100 to $500 non-secured loans. Meanwhile, in Australia and New Zealand our clients still required small, quick, no hassle, loans to take care of "surprise" expenses, like auto repairs, cover cheques, rent due, phone or utility bills, etc., etc., etc. The nicest thing about our business, besides the profits, is the fact we not only provide a wonderful service to our clients but we save them lots of money! One example is the recent lawsuit against a major bank. In a concerted effort to increase their profits, banks are sometimes accused of "clearing" a customers largest cheque first in order to collect multiple "NSF" fees! In these situations, it is much more economical to use our services than to "bounce" cheques.

Training Provided: 5 day traing at head office.
Marketing Support: TV Radio Newspaper & Internet

Qualifications and Background: Finance/Banking, General business

Cash Now Australia
Lucas Bates - -
Ground Floor, Stafford House - 23-25 Leigh Street - 5000 South Australia - Adelaide - Australia