How to Start a Payday Loan Business

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Payday loan business is a money-spinning venture. It is one of the small-scale businesses that thrive easily, but there are some basic guidelines to follow, like: reviewing all federal and state laws, building your business from scratch, creating clear and unbending policies in regards to money lending and making your business's security a main priority.

Payday loan is also known by several names like check loan or deferred presentment or payday advance loan.

In simplest terms, payday loan is a short term cash advance which is usually secured by a client’s personal check matched with interest rates. This type of loan is usually considered as small and only on a short time basis. Unfortunately, payday loan businesses, unlike cash checking businesses, are heavily regulated by state and federal laws. Paper work can be murder, but the return of investment is almost 300 fold. Here are some of the most basic guidelines in establishing a payday loan business.

One, you need to review all state and federal laws concerning this business. There are some states in the country that do not allow the use of a brick-and-mortar payday loan business. You can find these businesses thriving in the Internet, though. In any case, one of the most regulated businesses in the US is the payday loan business. If you are seriously considering setting up this venture, it is recommended that you go through all possible regulations with a fine toothed comb. If you must, hire a lawyer to help you interpret laws and maybe help out with your mounting pile of papers. Any remiss in protocol can cost you your license and permit to operate, so be very careful with regards to regulations. One of the easiest ways of learning the pitfalls of these regulations is to ask existing businesses about standard protocol and how to best handle them. This will help you save time, money and a lot of effort.

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It is also recommended that you set up your own shop, instead of buying a franchise or buying out an existing payday loan business. In other words, build your business from scratch. Franchises and existing businesses can cost you over an excess of $100,000 – and that only includes about a fraction of your probable overhead expenses. If you really want to establish your business, perhaps you can start off with finding a suitable location; preferably where businesses thrive and there are very few competitions about. If however, you find a brick-and-mortar business too expensive, you may want to set your sites on the Internet. Internet-based payday loan businesses are actually making a killing these days, but they too are governed strictly by regulations and laws.

Once you have your business “established,” complete with staff and necessary office equipments, the next viable step is to create clear and unbending policies in regards to money lending. Checking your potential client’s ability to repay the loans is one policy you should enforce, because you are after all running a profit making business. Make sure that all your policies with regards to loans are clear and not subject to personal interpretations. Your policies must remain unyielding in order to maintain its professional integrity. Nevertheless, you have to ensure that whatever policies you create are in accordance to all federal and state laws.

And lastly, because you are dealing with monetary funds, it is imperative that you make your business’s security a main priority. Hiring security and other crime detection gadgets are important and more than necessary.

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173 Comments

  • 1. matt said on 6/4/2009 8:54:09 PM
    I am interested in opening an internet based payday loan business.
  • 2. mike said on 9/25/2009 1:08:44 AM
    Please send me all info you have on starting a payday loan business
  • 3. Ximena Schuss said on 11/17/2009 2:53:31 PM
    I am interested in opening an internet based payday loan business in Miami, Florida. Please send me all info you have on how to start this business. Thank you, Ximena Schuss
  • 4. Bell said on 1/4/2010 6:41:00 PM
    I am very interested in starting a cash advance/payday loan business in Louisiana. Could you please send me some information on how to get started also on internet side of it as well.
  • 5. Natasha Elliott said on 1/27/2010 11:22:11 AM
    I am interested in opening an online payday loan and installment loans service in Texas. I want to do over internet first. I would also like to have prepaid debit cards of my own for the company.
  • 6. Ken said on 2/2/2010 11:51:01 AM
    I just recently opened a check cashing/payday loan business in New Orleans, Louisiana, and I would like to know if you can send me info on the laws and regulations dealing with this type of business, and figures on how much you should expect to spend on average for expenses starting up and running the business. Could also send some information on how to get started on the Internet.
  • 7. Samina said on 2/10/2010 10:24:53 PM
    I am interested in opening a pay day loan business in medford, oregon. Please send me all the information on starting a pay day loan business
  • 8. Janet Olbes said on 2/18/2010 1:33:30 PM
    Pls send me info about payday loans. Internet based or not. Very interested!
  • 9. Nick said on 2/25/2010 2:53:45 PM
    i want to start an internet based payday loan business in Orlando, Florida. Please send me information you have on how to start the business. Thank you, Nick
  • 10. Carol said on 3/4/2010 9:33:07 AM
    I am opening a Internet Payday Loan business near New Orleans, La. Any help and information will be greatly appreciated.
  • 11. bob said on 3/15/2010 2:33:30 PM
    I am looking for information about starting a payday loan business in New England. any information would be greatly appreciated. thanks
  • 12. Paul said on 3/22/2010 7:29:22 AM
    Looking for information for an Online Payday Loan Business in Toronto, Ontaio. Please provide all necessary information. Thanks in advance.
  • 13. Max said on 4/5/2010 9:44:21 AM
    I am interested in opening an online payday loan and installment loans service in LA. I want to do over internet first. I need a CRM, The Loan Application System. I am looking for a new partners to invest for Texas and Vegas, I can invest at $500,000. Contact me at bratz.usa @ gmail.com .
  • 14. shanet said on 4/6/2010 1:28:59 PM
    i dont have a business yet but i would like to start a payday loan company or a apartment building. But i dont know where to start and how much this will cost. i need help please email me more information thanks
  • 15. roosevelt realty, llc said on 4/14/2010 10:06:26 AM
    i am interested in starting a payday loan business in the reading pa area in conjunction with my real estate/loan modification business. please email me information i regards.
  • 16. malcolm said on 5/3/2010 11:13:08 AM
    Do you have any experience with an internet based payday loan business? Also, how do you get funding for your loans?
  • 17. Tammy said on 7/10/2010 12:19:37 AM
    I want to start an online payday loan .com business. Do you have any information on how to get set up? Please send
  • 18. Yeahok903 said on 8/7/2010 11:12:55 PM
    I'm interested in starting a payday loan business in philadelphia pa. I just need to know where i should start and what i will need to carry it through. Thanks.
  • 19. mari said on 8/12/2010 1:38:11 AM
    I would like to start an online payday loan in illinois. please send me information about this business.
  • 20. Hernan said on 8/24/2010 5:58:38 PM
    I've been researching for a while and the potentials to open a cash advance store. Can you please provide more information.
  • 21. harrison said on 10/18/2010 12:41:33 PM
    I live in Pompano Beach, Fl. I'm interested in starting a payday loan in FL. Probably start from home via the internet and then move on to brick and mortar. Please provide me with the steps i need order to start this business. Thanks.
  • 22. Jerry said on 10/19/2010 1:02:19 PM
    I am looking to start a payday loan company in texas and was wondering if you can send any information you might have on requirements in this area. Thank you
  • 23. james said on 11/30/2010 6:36:12 PM
    I live in daly city, california, 94014. I want to start a payday loan business online or in a store. can you please send me some info. thanks..james
  • 24. Patricia said on 12/14/2010 2:49:15 PM
    I would like to start an online payday loan business but lack the funds. Is there a way to get the funding in Alabama? I have experience in brick and mortar payday loans. Thanks,
  • 25. King said on 12/18/2010 1:06:03 PM
    I would like to start an internet payday loan business. Please send any info you can to kdstudio@yahoo.com If any readers have any info, please send.
  • 26. james chan said on 12/23/2010 12:47:34 AM
    please send me some info about starting a payday loan in san francisco, ca. need to know laws, and how much money to start. thanks
  • 27. Bob Smeltzer said on 12/29/2010 11:17:30 AM
    I have a prime location in Zanesville Ohio, I would like to know if this as a plausible business to compliment my existing insurance business. Any information would be appreciated.
  • 28. Scott said on 12/31/2010 8:13:31 PM
    I am interested in starting an internet payday loan business in Wisconsin. Please send me information on how to start this business. Thanks
  • 29. Steve Burlett said on 1/11/2011 2:06:54 PM
    I'd like to start an internet payday advance business here in Detroit Michigan. Thank you for any and all information you can supply. Do you have any start up capital leads?
  • 30. kelvin wilson said on 1/16/2011 5:47:54 PM
    i also want to start a payday loan business on the internet. how do i do it.
  • 31. Christine Smith said on 1/22/2011 6:38:41 PM
    I would like to start a payday loan business on the internet. Please send me the information on how to start it. Thanks
  • 32. Helmut . H. Martin said on 1/24/2011 9:40:29 AM
    I actually heard of this pay day loan business,but do not have a clue as to how it works. What is the overall startup capital? how do i go about retrieving my money so borrowed, is it directly through a stop order at work or through a bank? Do i lend the money towards the entire cheque of the borrower or a certain percentage thereof? In Namibia we do have what they call cash loans where they lend you money @30 per cent interest payable at the end of that particular month. Is this perhaps the same kind of business. Please elaborate a bit more.
  • 33. JEAN said on 1/26/2011 1:17:08 PM
    HOW MUCH MONEY DO I NEED TO OPEN A CASH ADVANCE IN FLAGLER COUNTY FLORIDA
  • 34. Donald said on 2/16/2011 3:18:50 PM
    how much do i need to start a payday loan business. am in West Africa, Ghana to be precise and this kind of business is not common. could you please explain this business more.
  • 35. Kathy I. said on 2/16/2011 6:33:06 PM
    I'm in Northern California and want to start an online payday cash advance business. I like to know the steps to get started. Thank you.
  • 36. Yesica Ibarra said on 2/19/2011 1:22:34 PM
    I want to start a payday loan business in texas...please send me the information.
  • 37. John Clayborne said on 2/26/2011 2:49:41 AM
    I would like to start a payday loan business online here in San Diego California could you please send me information about regulations and laws and other things that pertain to this business.
  • 38. Dennis Medina said on 4/21/2011 6:01:06 PM
    I have Accounting office in Dundee,FL. I Would like to get more information about this business.
  • 39. Lucas said on 5/3/2011 12:31:13 AM
    I am interested investing in a payday loan business. It be very grateful, if I am provided with proper information regarding the laws and regulations(Texas)pertaining the business.
  • 40. Dave Saporito said on 6/17/2011 2:57:33 PM
    Cocoa Florida 32926. Please send info on the payday loan business. Thanks Dave
  • 41. JT said on 7/5/2011 5:09:52 PM
    I would be grateful if you provide me information on starting an offshore internet payday lending operation. Specifically, I am seeking to learn how others structure such an offshore business. Thanks.
  • 42. Rashed said on 7/10/2011 4:22:38 PM
    I am interested in more info on owning a payday loan business in Wichita, KS, USA. Thanks RS
  • 43. Kimi said on 8/15/2011 4:27:23 PM
    I am interested in starting an online payday loan business. I've been researching but I'm not sure how to get started. I don't know what software i need or what the laws are in Phenix city Alabama or Columbus Georgia. I am completely lost and every website tells me something different. If you could give me some info I would be so grateful. Thank you for your time...
  • 44. Dan Emmett said on 9/9/2011 12:07:59 AM
    I am interested in opening a payday advance office in either Santa Clara, or San Jose California. Any info would greatly be appreciated. Thanks in advance, Dan Emmett, 831.682.3633, Salinas, California
  • 45. Jarrett said on 9/12/2011 9:21:32 AM
    I am interested investing in a payday loan business. I would be very grateful, if I am provided with proper information regarding the laws and regulations pertaining the business. I am Odessa, Tx, Ector County. Email: Jarrett.Rodriguez@live.com
  • 46. Markita said on 9/27/2011 5:06:07 PM
    I want to start a payday loan business in Dayton, OH
  • 47. Yanaima said on 9/30/2011 9:40:09 AM
    I am interested in opening an payday loan in miami, fl. I would really appreciate it if you can send me all the information i could get to start the business. Thank you in advance. Miami, Fl. Email: kompraky@gmail.com
  • 48. Aslamna said on 10/5/2011 5:25:13 AM
    Hi, I'm interested in opening a payday business in San Jose, CA. I would appreciate if you can give me information needed to make the business grow.
  • 49. grant said on 12/3/2011 9:52:08 PM
    I want to open a payday loan shop or online in Los Angeles, CA. There is a huge market for this. Please send along necessary info that you have and in the meantime, I'll be research the Ca and federal regulations governing this.
  • 50. Patrick said on 1/5/2012 9:37:48 PM
    I live in Shreveport,La and I want to start a payday loan store can you please provide me with some information How much money do you need
  • 51. Tonya said on 1/8/2012 2:01:34 AM
    I live in shrevport Louisiana, I would like information on how to start a payday loan company and a check cashing business and some information on where to get financing.
  • 52. Mauri said on 1/25/2012 8:36:32 PM
    I'm located in Florida, please I will like to have some information regarding law, policies and regulations to start my payday loans business. I'm planning to begin on the internet. Thank you.
  • 53. Kerrie said on 2/2/2012 9:47:45 PM
    I am in Texas and am very much interested in opening a pay day loan store. Can you send me the information and tell me where to start?
  • 54. Cintia said on 2/4/2012 8:40:20 PM
    Can you please email me more information on how much money I need to open up my Payday Loan/Cash Advance business? Please send me any & all information you have. Also, if anyone on here has any information please feel free to email me. Thank you in advance! cintia_loera@yahoo.com
  • 55. Mike said on 2/19/2012 5:43:36 PM
    I am looking to open a payday loan business in Miami, FL. Please send me all the information you have on this. Thanks
  • 56. erika said on 3/1/2012 9:10:20 AM
    I live in the state of alabama. could you provide me with the information on starting a pay day loan
  • 57. Regina said on 3/13/2012 1:04:59 AM
    I am considering open a payday loan business in Birmingham, Alabama. Can you send any information available or an advise? Thanl you
  • 58. Ursula Johnson said on 3/19/2012 3:50:44 PM
    Auburn, New York, USA. I am interested in starting an online payday loan business, please send me complete information as to start-up cash, to final set-up on the internet. Thank You
  • 59. Freddy Lorgorzi said on 3/20/2012 4:54:37 PM
    I am interested in starting my online payday loan business,please send me complete information or any advice,I live in London.thanks
  • 60. Shane said on 4/3/2012 10:58:14 PM
    I am interested in opening a brick and mortar loan company in Texas. Please send info.
  • 61. Zoe cotterill said on 5/14/2012 4:14:17 AM
    Hi, Could you send me the information on setting up a pay day loan company as I'm interested in starting my own. Thankx
  • 62. Gina said on 5/14/2012 12:16:43 PM
    Hi, I am interested in opening an internet based pay day loan company in IL. Please send info. Thank you.
  • 63. Betty Turner said on 5/20/2012 4:48:57 PM
    I am interested in opening an online business for the Illinois. Please send me information. Thanks
  • 64. Octavia Paul said on 5/21/2012 7:10:20 PM
    Hi, I am interested in opening an online internet based payday loan company in Dallas, tx. Please send me any info on starting this business @ octavia.paul@cmc.com
  • 65. Jackie Fountain said on 5/30/2012 8:09:48 PM
    Jacqueline Fountain, I'm interested in starting and payday loan or payday advance business. Please send me more info on starting a brick and mortar payday loan or online internet base payday loan. msjackiefountain@epbfi.com
  • 66. elena chacon said on 6/6/2012 1:23:09 PM
    Hi, I want to open a payday loan business in Florida, USA. Starting in Miami. I am not sure if it would be convenient to buy a franchise or just set up my own business. Please send me info. I case I start my own business I am not sure if I should apply for a License under Part II or Part III of Chapter 560 (Money services Businesses) of Florida Statutes. Thanks.
  • 67. MUSY said on 6/21/2012 2:29:19 PM
    I am interested in starting my own payday loan online business. What do I need for it to be a legitimate business and a successful business? Thank-you for all info. that you can provide me with. Cicero, IL USA
  • 68. Michelle said on 6/29/2012 4:59:47 PM
    I am interested in starting my own payday loan online business. Newark, NJ USA
  • 69. Louis Keith said on 6/30/2012 2:35:58 PM
    I'm interested in starting a payday business in Texas, could you send me the laws and regulations and all the administrative requirements. I live in Roanoke,Texas 76262
  • 70. fatmata massaquoi said on 7/12/2012 5:01:52 PM
    i'm looking to start my own pay day loan in ghana west africa i live in london uk can you please tell me all what i need to know including laws, policies, regulations business strategies, administrative security requirements and amount also how to approach the banks in-order to set dates for money to come out from individual lenders account thanks. fatmata
  • 71. Engy said on 7/16/2012 5:05:15 PM
    I am interested in opening my own cash advance business & if you can provide me with more information about this type of business , I live in Sterling Heights , MI . Thank You
  • 72. Albert Rutledge said on 7/19/2012 1:31:28 PM
    i want to start an internet based payday loan business, can you please send me some state and federal laws on this business,, i'm in the state of california
  • 73. TRACY said on 7/24/2012 8:12:33 AM
    I'M LOCATED IN CHARLOTTE, NC AND I'M INTERESTED IN RECEIVING INFO AS TO HOW TO START MY OWN INTERNET COLLECTION AGENCY... WHAT INSURANCE RULES AND REGULATIONS I MAY NEED.... THANKS
  • 74. jun hong said on 8/23/2012 10:28:12 PM
    can you send me some internet based payday loan business information such as laws, whats the capital normally requires, etc. I also want to build a brick and mortal payday loan business as well. I live in denver Colorado. thanks.
  • 75. Kathy Rene said on 9/15/2012 3:15:10 PM
    I would like to start a internet payday loan business please send me all the information I need to know. PO box590445 Orlando,Fl 32859
  • 76. kunta reasor said on 9/30/2012 2:08:46 AM
    i'm in alabama i have a building and the cash just dont know how to start a payday loan business.
  • 77. Mike Z said on 11/18/2012 10:18:17 AM
    Hard Money Lender in Ct, but lend Nationwide. Would like a blueprint of how to set up a Pay Day Loan Business.
  • 78. James said on 12/3/2012 4:44:06 PM
    Milwaukee wi I would like to know the laws here and what I need to get started po box 18371 Milwaukee wi 53218
  • 79. Julian said on 12/9/2012 10:25:55 PM
    I am interested in funding a start up payday loan online business in the U.S I have an existing company and willing to partner with persons with the requisite technical skills to make this happen. Email me at sizzla3001@yahoo.com to begin discussions. My preferred operation base is Atlanta, Florida .
  • 80. Agustin said on 12/10/2012 5:46:07 PM
    I recently came back from deployment and just got out of the military. I saved a ton of money and I am really interested in starting a payday loan company online. I reside in Charlotte, NC and know that the laws are strict here. But I live about ten miles from South Carolina where the laws are less aggressive. Could you please send me some more information on this, it would be greatly appreciated. Email is :auggie.gonzalez50@gmail.com
  • 81. logan said on 12/12/2012 4:20:33 PM
    please any one who is interested in getting to know more about business i have different types of business proposal if anyone is interested should contact me at sgtlogansmith@yhaoo.com
  • 82. sonia channa said on 12/31/2012 6:53:59 PM
    Downers grove ill, I am interested in starting a internet payday loan. Please send me the information. Thanks!
  • 83. Marco said on 1/3/2013 5:36:38 PM
    I am interested in starting a payday loan business in Austin, TX. Please send any relevant information it at all possible. Thank you!
  • 84. Pedro said on 1/27/2013 9:30:43 AM
    please send information on how to start a Internet payday business in new york and florida.thank you..
  • 85. Dolores Hickman said on 1/27/2013 4:37:46 PM
    Sugar Hill and Columbus Georgia
  • 86. rajan said on 2/2/2013 10:13:20 PM
    I want to start payday loan business in toronto. How to get trained for it.
  • 87. Amdrea Szilagyi said on 2/20/2013 6:27:17 PM
    Hello, I would like to start a payday regular business in Texas could you send all information available about all laws, rules, regulations and licensing of how to proceed. Thank you.
  • 88. Richard said on 2/27/2013 8:44:35 PM
    I'm looking at starting a check cash/payday loan business located in Texas could you please send me all the necessary rules and regulations. This will be a start from scratch business as you suggested. Thanks for the advice.
  • 89. James Smith said on 2/28/2013 5:11:00 PM
    I live in Michigan and am looking at starting this business but using the internet model. Any pointers. Thanks. Jim
  • 90. Gillian said on 3/6/2013 12:50:04 PM
    Located in uk. I am thinking of setting up an internet based payday loan business. may you please assist with any valuable standard documentation I could use and learn from your experience
  • 91. Syrus said on 3/8/2013 7:40:59 PM
    I am interested in starting a payday loan / check cashing business in Dallas, TX. Please send any relevant information it at all possible syruseslami@yahoo.com
  • 92. Joseph said on 3/26/2013 2:26:18 PM
    I am in the early stages of starting an online payday lending company based out of TX. Please send me any info on this that you have. Thank you and God bless, Joseph
  • 93. keshav sharma said on 4/16/2013 11:03:33 AM
    wants to open pay day loan franchise business in Durham like Ajax, Oshawa and pickering
  • 94. Brandon said on 5/15/2013 8:16:07 PM
    I am interested in starting a payday loan business in El Paso, TX. Please send me all the information needed to get started. Thank you.
  • 95. Damian Jenkins said on 6/17/2013 2:54:42 AM
    I'm located in Calera AL. I would like to set up an online check advance company. Please send me any information you can to help me get started.
  • 96. Ray said on 8/11/2013 10:53:22 AM
    I'm interested in starting a payday business in Homestead, FL. Can you guide me in which direction to take when it comes to licensing and/or permits. I operated a licensed correspondent lender a few years back, is it a similar set up? Thanks!
  • 97. asimch said on 8/20/2013 4:10:43 PM
    we are a experience team working since two years on Payday loans system usa , form design also , anyone can test us without advance payment regarding working procedure, training also available email me i am waiting
  • 98. Bobby Sivills said on 8/21/2013 8:13:33 AM
    I'm interested in opening a Payday loan center. both a brick and mortar and online in Virginia Beach, Virginia. Can you send me all the information to get started?
  • 99. Saghe Wells said on 8/26/2013 2:28:55 PM
    I'm interested in starting a payday cash advance business in Wolf Point, MT. I would like whatever information you could send me on this kind of business and the possibilities of flourishing in a small community.
  • 100. Tanisha Brunson said on 8/28/2013 2:34:23 PM
    Sumter, SC. Interested in opening an online installment or payday loan business. Please send me all the information that you can. Thanks.
  • 101. aneela said on 9/9/2013 7:39:19 AM
    I am interested to open a pay day loan in ca. Thanks.
  • 102. katherine said on 9/12/2013 8:15:47 PM
    I would like to start a payday loan business on Long Island NY. Please forward any and all information on regulations, laws and procedures.
  • 103. Jeneve said on 9/14/2013 1:16:00 PM
    I am very interested in setting up an online payday loan company in Florida grateful for any information you can provide. regards
  • 104. Mike said on 9/19/2013 10:02:38 PM
    I want to start a Payday loan business in Dallas Texas. Please send me detailed information about how to go about it both with brick and mortal as wells on internet.
  • 105. David said on 9/27/2013 10:46:02 AM
    I'm interested in starting a online payday business in California please send me information in how to get established? Also what type of attorneys assist in forming an online payday business?
  • 106. eduarf said on 10/2/2013 1:02:34 PM
    I'm interested in starting payday and cash advance business in Ohio please send me information in how to get established? Also what type of attorneys assist in forming an online payday business?
  • 107. Bethany said on 10/14/2013 8:39:47 PM
    I would like any and all info you can give me on starting a pay day loan store in Illinois. Thank you.
  • 108. Tahir said on 11/12/2013 7:57:41 PM
    I want to open check cashing and payday loans business in Toronto, Canada, kindly send me information if there is any software available. Thanks
  • 109. Eric said on 12/1/2013 7:37:43 AM
    I would like to open up an online payday loan business in Texas can you please send me more info
  • 110. Lynda said on 12/22/2013 10:01:26 PM
    Looking to startup a payday/check in go business and needing additional info to do so. Thanks, Lynda
  • 111. Jessie said on 12/23/2013 11:36:58 PM
    I am starting an online payday loan site. I have the site ready, but dont know where to go from here to find the lenders to work with. Any information you can offer would be greatly appreciated.
  • 112. Helen l said on 12/26/2013 12:57:28 AM
    Hi I wanna open a payday loan store in California and I have a good experience because I work for a long time for same business I need to make sure about rules and more guide lines please thank you
  • 113. C. Bailey said on 1/20/2014 5:06:46 PM
    I am interested in opening an internet based payday loan business in Michigan. Please send me all info you have on how to start this business, as well as lawyers or consulting groups to start the process Thank you, C. Bailey
  • 114. Barrington said on 1/21/2014 5:11:50 AM
    Please send me information on this and i am based in South Africa
  • 115. gregg miller said on 1/21/2014 12:47:57 PM
    i would like all the info you can send to open a payday loan company
  • 116. Scarlet said on 2/15/2014 11:03:30 PM
    I am looking to open a PayDay loan business in southeast Louisiana. I would like as much current info as possible on Louisiana laws and details relating to startup of this business as well as online lending. Any other tips would be greatly appreciated. Thanks in advance.
  • 117. walter said on 3/17/2014 10:33:02 AM
    I need info on starting a loan business for small construction companies to obtain 30 day loans against contract or draw payments
  • 118. mila said on 4/13/2014 9:07:12 PM
    I'm interested in starting a cash advance business in nj. please could you send me all the information you have, on how to start this business using your own funds. Start up costs, any lawyers, companies I could merge with or consulting groups.
  • 119. cmoi said on 5/17/2014 4:20:21 PM
    I already have a location in Fort Lsuderdale, FL. I am interested in starting a cash advance or payday loan, would it be possible to send me information related to that type of business. Thanks
  • 120. Nikki Davis said on 5/30/2014 4:15:39 PM
    I am interested in opening a payday loan business in Tallahassee, Fl. Please send me all the information you have regarding start up prerequisites, available funding sources, regulations, etc. thank you
  • 121. Michelle C. said on 7/1/2014 11:54:53 AM
    Hi guys. I am the owner of a Credit Access Business, in other words, a payday / title loan business in Texas. For lack of time to dedicate to it due to personal life changes, I would like to sell. I had a small customer base of about 50, excellent software license which works very well for brick and mortar or online business and a wonderful integrated website which can be easily edited. If you know anyone who is interested now, email me. I am asking 50K, negotiable for it. Best.
  • 122. sanjay jain said on 7/11/2014 3:37:53 AM
    Sir/ madam, I want to start business of pay day advance loan/ cash checking in louisaina state in previlla. Please give me guide line how to regst. your company in louisiana state and which is cheapest software, which bank and which notary and how much money to start business. Please send each and every thing on mail, thank & regards, sanjay jain
  • 123. LA PDL said on 7/14/2014 6:31:47 PM
    I am interested on starting PDL and/or installment loan business in Louisiana and would like information. Thanks
  • 124. JB Kennard said on 7/21/2014 8:36:26 PM
    Please send information on starting payday loan business for Temple, Tx., Bell county. USA
  • 125. Jeffery Griffin said on 7/29/2014 4:07:03 AM
    Please send information on starting online payday loan business for Biloxi, MS., Harrison county. USA
  • 126. Navdeep Kapoor said on 8/4/2014 7:07:04 AM
    Hi, I want to start this business in South AFrica...can you pl guide.
  • 127. Cheryl Donald said on 8/12/2014 11:50:02 AM
    Hi I'm from South Africa & I would really like to start this business please guide me with more information. Thax
  • 128. Alicia said on 8/18/2014 2:48:24 AM
    Detroit,Michigan USA Interested in starting a payday and title loan company can you assist me?
  • 129. bm said on 9/13/2014 9:58:35 PM
    I am interested in starting a payday loan company. Please send me the information. I am looking for a location in Louisiana. Thanks. It will be a family business. I wrote in a payday company and they will support it and I'll run it.
  • 130. Deon said on 10/20/2014 7:45:34 PM
    I am looking to start a payday loan company in Washington DC, please send me information on how to get started. Thank You
  • 131. Mike said on 10/27/2014 9:49:43 PM
    I want to open a payday loan store in texas and also info on how to open a payday loan store online
  • 132. Alberto Luma said on 11/11/2014 12:07:27 PM
    I would like to open an online payday loan in Florida. I need to know the laws and regulations. but most importantly how much in assets that the state requires to open the business?
  • 133. Bryan Huynh said on 11/14/2014 9:25:49 PM
    I am trying to open a payday loan business in Tennessee! Can you please send me all the information you have about it. I would appreciate it immensely! Thanks!
  • 134. dada said on 11/23/2014 12:00:58 AM
    I'm trying to open a payday shop in Chicago il..please send me some info..
  • 135. Kerrie said on 12/8/2014 6:21:20 PM
    We already own a payday loan business but would like to now go into the online side. Can you point us in the right direction as to where to start? Thank you for any help you can give. Regards Kerrie
  • 136. williams said on 12/15/2014 9:29:02 PM
    I am trying to start a payday loan business in Louisiana. Would you please send me information on all requirements for Louisiana, including software, banks, notary, applications, forms needed, and how much money to start business. Thank you in advance
  • 137. Ray nguyen said on 12/22/2014 6:58:02 PM
    I'm trying to start an online payday loan business but don't known where to start so can you please help me out about the information. Thank you very much, Ray
  • 138. debbie said on 12/26/2014 4:39:29 PM
    I am interested in starting a brick and mortar or Internet based payday loan business in Silver spring, maryland. Please send me all info. on starting one. I really do need all the guidance I can get. Thank you.
  • 139. melanie said on 1/8/2015 11:21:12 PM
    Good day i'm in Durban south Africa I would like to open a small pay day loans service please help me what is the first step I need to take to get a license Thank you Melanie
  • 140. gary patterson said on 1/11/2015 2:40:27 PM
    Sacramento ca , Internet based business to add to my existing services at tax office
  • 141. Frailan Riklon said on 1/31/2015 5:24:53 PM
    I am interested in starting payday loan store in Oklahoma, Arkansas does not approve of payday loans, is there another way to get around it maybe a internet payday loan. Need help please.
  • 142. Ronald Rhodes said on 2/9/2015 1:14:51 PM
    I wish to start a Payday Loan Business near Detroit, MI, Either Brick and Mortar or Internet .What are my first steps in obtaining a license to do so?
  • 143. Monique Alfrena said on 2/11/2015 2:39:04 PM
    usa, Miami, FL
  • 144. CC said on 3/14/2015 10:38:27 AM
    I'm a young single parent of two and am interested in starting a payday loan business online in Baton Rouge, LA. I don't have much family and would like to secure a future for my kids. I only a FEW thousand dollars to help me to prepare them for a future if something happens to me. Please help.
  • 145. conni said on 3/17/2015 12:02:14 PM
    Hi I am starting a payday loan business in Louisiana and I would like more information on laws and terms and contracts
  • 146. karina said on 4/1/2015 11:47:01 PM
    starting a payday loan business in chicago il
  • 147. larry beebe said on 4/18/2015 11:44:30 PM
    I want to start an online payday loan business. I currently am working for a brick and mortar payday loan company now in Quincy,Illinois, I am still learning the business and all the state laws and regulations for this business but want to get out on my own to reap the cash benefits and flexible hours that goes with online payday loans. Could someone show me in the right direction to learn the proper way to start one. I would really appreciate any help you could give. Thank you very much! You can call or send info to my email address or call me at 217-617-8380 9:00am-10:00 pm anyway of the week! Thank you! Mike!!!
  • 148. mick cornish said on 4/21/2015 4:30:53 PM
    Interested in internet and local pay day loan business. Baltimore, Md. Thank
  • 149. Monica said on 5/16/2015 10:44:31 AM
    I want to start a payday lending business in Miami . What is required of me to do so?
  • 150. Michael Gardner said on 5/31/2015 3:56:01 PM
    Hi i'm in Houston, TX and would like info on how much cash for lending do i need to start a payday loan business?
  • 151. thabo said on 6/16/2015 6:17:01 AM
    hi I am in South Africa (polokwane) please help me, how to start open a payday loan business step by step
  • 152. lily said on 6/23/2015 1:15:39 PM
    I'm in Rancho Cucamonga of CA, working for an auto tile loan company and we're looking forward to expand our business at pay day loan, can you forward me the state requirement and what we must have to start with payday loan? many thanks. PS. will to pay for a fee if you can help us to start this faster.
  • 153. R Nelson said on 7/17/2015 12:43:26 AM
    Hello! I'm interested in opening a payday loan business in GA. Please forward any instructions and GA state regulations that may help. Thanks in advance!
  • 154. angela said on 8/18/2015 2:26:58 PM
    I'm interested with payday/personal loan in california. Could you be so kind as to lead me to the right way of starting one over the internet and my main target is to be of help to the military and veterans. I Would like to start a trustworthy company worthy to serve those who served and is serving.
  • 155. Carlo Divert said on 9/9/2015 2:35:07 PM
    I am interested to start a money lender, pay day loan or cash advance and income tax return, in Hollywood Florida(p.pines) what are the requirements? How much money It will cost me to start the business?
  • 156. Joyce Elam said on 9/30/2015 7:12:38 PM
    I am interested in starting an online loan business in Miami Florida. What are the retirements and how do I get started?
  • 157. Lillian Grant said on 10/7/2015 1:03:29 PM
    Hello I'm interested in opening a payday loan business in Nashville,Tn. Please forward any instructions and state regulations that may help. Thanks in advance! I would also like info for an online payday loan business. Thanks do much for the article.
  • 158. Angelica said on 11/16/2015 6:53:48 PM
    My Boss will like to start a title loan business. how we can go by doing so? what do we need to start this?
  • 159. Thomas Hendrix said on 12/31/2015 9:41:54 AM
    I am interested in more information on starting up a payday loans in Louisiana.
  • 160. Jake said on 1/24/2016 4:47:18 AM
    I am very interested in starting a payday loan business as well as a Internet based loan business. Any information regarding these would be very helpful and appreciated. Thank you for your time and help!
  • 161. anslem e said on 1/27/2016 3:39:26 PM
    HI I'm interested in opening an online payday loan company from startup. Looking for consultation
  • 162. Al Real said on 3/22/2016 12:44:25 PM
    I am very interested in starting a payday loan business as well as a Internet based loan business. Any information regarding these would be very helpful and appreciated. I'm looking for advise. Thank you for your time and help..
  • 163. Elwyn Chisholm said on 5/4/2016 9:48:02 AM
    How much Money do you think i would need to start a pay loan and Title loan Business in Louisiana?
  • 164. travell wilson said on 5/4/2016 12:36:38 PM
    How much money do you think it would cost me to start a internet payday loan business. All I want to give out is at the most $300 in the beginning. I have about $10k saved. Also where do i find the paper work for when the customer signs for the loans? I need as much info as possible because I am ready to start. I met a lady who said she started with about $15k and she is really doing good now she has been doing it for about 3 years but I lost her info. So any info you can give me will be great.
  • 165. Renee said on 5/15/2016 5:27:43 PM
    Please send me info on starting a payday loan company, in Tomball TX.
  • 166. HCrest said on 6/22/2016 11:09:31 AM
    Hi, I already incorporated a business in Texas but need information to start and operate an internet payday loan company that will possibly lead to a brick and mortar store in San Diego.
  • 167. Obi beginner adviser said on 7/7/2016 3:00:52 PM
    Hi @Renee/@HCrest, Your business needs to be licensed and examined by the State of Texas - Office of Consumer Credit Commissioner. Call the Consumer Credit Hotline
    Office of Consumer Credit Commissioner
    2601 North Lamar Boulevard
    Austin, Texas 78705-4207
    (800) 538-1579
    www.occc.state.tx.us

    Consultant

  • 168. Travell said on 8/31/2016 7:10:36 PM
    Hello I worked in the payday loan business for about 4 years I was in IT but I would have to help stores locate missplaced money if it wasnt stolen I know pretty much the in and outs of the software but I want to know where can I find investors. I live in Kansas city Mo close to the ks stateline. I saw the amount of money the stores generate. I know I can make one work. Please if you know of any investors to give me a shout..I can be reached at twilson1096@gmail.com
  • 169. Joseph said on 9/6/2016 2:54:22 PM
    Hi I'm interested in starting up a payday loan business in Guam. What do I need to do to get started? Thanks in advance
  • 170. Arturo said on 9/13/2016 2:17:28 AM
    hi, am interested in staring a payday loan buss in southern California. can anyone help with the steps? thanks
  • 171. Obi beginner adviser said on 9/14/2016 3:02:40 PM
    @Travell, Not to discourage your ambition of owning a payday loan business, 4 years in IT is NOT practical and sufficient enough for an investors to invest in your business. If you haven't managed all the aspects of operations: Customer Service, Compliance, Risk & Insurance, Accounting/Finance, Reporting & Audit, Sales & Marketing, etc., it is very unlikely an investor would gamble with their money. Nonetheless, this is not to say it's an impossible task. There are many angel investor forums out there, Google search it and pick at least two reputable ones. Unfortunately, I cannot make a recommendation on any particular one. Good luck

    Consultant

  • 172. Obi beginner adviser said on 9/14/2016 3:12:22 PM

    @Joseph,

    There is no statutory licensing retirement for the Island of Guam, this isn't to say that it's nonexistent. You're better off contacting your city's licensing department and/or speaking to an attorney.

    Disclaimer:The information presented isnot a legal advice, and is not to be acted on as such, which may or not be current and is subject to change.

    Consultant

  • 173. Brenda said on 10/24/2016 8:01:41 PM
    @Arturo Hi, I'am seeking the same information as you. Any luck??
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