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06-11-2014, 12:24 PM #1Member
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- Apr 2014
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- 64
Who will fund check cashing businesses?
What lenders will fund check cashing businesses? Merchant claims over 500K profit on 3.5 million in business. What kind of offers should he be getting?
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06-11-2014, 01:21 PM #2Senior Member
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- Sep 2012
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- Gainesville Florida
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- 168
This deal would require a P &L... check cashing makes money off of volume of checks cashed as they charge a fee... The deposits you see in the bank is not the true revenue for that business and can be misleading. I would assume they also provide Western union services which provide a really good kickback so that may help him get more money.
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06-23-2014, 11:55 AM #3Senior Member
Reputation points: 1422
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- Dec 2013
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- Connecticut
- Posts
- 332
what state are they located?
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