Cash Loan Money Centre franchise is an independent money lending company operating four Cash Loan Money Centres within the Perth metropolitan area.
Four areas in NSW and three in Victoria were all franchised before Christmas 2004, plus two in Queensland.
It established the first centre in April 2001, then quickly established another three centres. Within the next six months, nine more areas in WA were franchised and the hugely successful eastern states recruitment commenced. Significantly, Cash Loan Money Centres is not a bank, finance company or payday lender, but a money lending company that services a vast and growing number of clients. Cash Loan Money Centres loan between $200 and $2000 to selected clients over a one-year term. All loans are secured.
Cash Loan recognised a huge market for such a service throughout Australia, with most of the larger lending companies and banks having minimum lending amounts of $4000 to $5000.
Indeed, many clients simply do not need a large amount. Also, many are excluded from the loan market because of age, income, history or where they live.
Results indicate that the person-to-person service Cash Loans provides relieves hardship; saves the sale of personal assets; avoids the use of pawn brokers; reduces the rate of defaults; and improves the quality of life, self-esteem and credit worthiness of its clients. In fact, a huge percentage return to the company time and again as a source of loan funds, proving that Cash Loan Money Centres is now a part of the community and will be for a long time to come.
The company’s goal is to get this proven and highly profitable business out into the market place within the next few years by opening company-owned and franchise-operated Cash Loan Money Centres throughout Australia. Each financial services franchise will have the security of a 10-year agreement with a further four by 10-year options.