Home » Tag Archives: lenders

Tag Archives: lenders

All-American completes merger/acquisition with Emergency Cash

MADISON and BYRAM — All American Check Cashing has completed the merger and acquisition of Emergency Cash of Byram. Terms were not disclosed. This marks the fifth acquisition for All American in the last 12 months and brings the total of payday and title loan locations in Mississippi to over 34. Early this month All American opened two title loan ...

Read More »

Loan interest legislation dies in Senate committee

JACKSON — A bill that would have allowed small lenders to charge more on certain types of loans died with a yesterday deadline for committee action. House Bill 1396 would have increased the allowable interest rates on loans under $1,500 from 36 percent to 99 percent. Supporters say the measure would have given borrowers a lower-cost option to payday lenders. ...

Read More »

Legislation would drive up interest rates on some loans

JACKSON — Mississippi borrowers could soon pay more for some kinds of loans if lawmakers approve a bill to allow higher interest rates. House Bill 1396 would allow loan companies to charge 99 percent interest for loans up to $1,500. The current cap is 36 percent. It would also change amounts that could be charged for loans up to $4,000. ...

Read More »

Commercial loans – who needs them?

Lenders see fewer prospective borrowers during difficult economic times   Lenders are reporting they are ready and willing to make commercial and industrial loans. However, they are seeing few takers these days. With consumer spending down and businesses cutting back, prospective commercial borrowers have little use for a loan. “Demand for commercial loans has been soft the last six to ...

Read More »