Payday Loan Company Showing Growth

Posted On: February 16, 2010 at 4:02 p.m.

Filed Under: down economy financial crisis payday loans

With arguments about banks not lending in a time of financial crisis, one business owner is claiming that payday loans are the way to go. His business has seen enormous growth, especially lately. Here is what he is being reported: “Getting your hands on a loan, or even some quick cash, can be difficult in a down economy. But that’s where a growing South Dakota company says its business plan is hitting right on the money. [[ads]]

“We’re in the business of lending money and money is tight right now. Banks aren’t lending money, credit card companies aren’t lending as much money,” Chuck Brennan said.

Brennan, a South Dakota native who now lives in Las Vegas, started the Dollar Loan Center, which is one of the fastest growing companies in the country. And with dozens of stores in South Dakota, Utah and Nevada, his payday loan company will soon go nationwide” (http://www.keloland.com/News/NewsDetail6373.cfm?Id=96094).

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