Regardless of the stigma connected to payday advances, the president of Goleta nationwide Bank in Ca is any such thing but embarrassed about funding these short-term, high-rate loans.
Just 6 months after it found myself in the business enterprise, $340 million-asset Goleta estimates why these loans could account fully for 20% of its profits by the following year. Continue reading “Tiny Banks profits that are finding Pay Day Loans’ Stigma”