Money America Global, Inc. may be the earth’s largest pawn company that is international. The company provides check cashing services through its Mr. Payroll Corporation subsidiary and short term unsecured cash advances, known as payday advance loans, at Cash America pawnshops and through its Cashland subsidiary in addition to providing secured nonrecourse loans (pawn loans) to individuals. At the time of 2003, the company had 592 lending locations in the United States, Great Britain, and Sweden september.
Jack Daugherty, the president and CEO of money America, launched his very first pawnshop in Texas in early 1970s and ended up being therefore effective he relocated to the oil company. Whenever that industry went breasts, he gone back to pawnshops, founding the business in 1983, and integrating it the following 12 months as money America Investments, Inc. Daugherty took the organization public in 1987, rendering it the very first pawnshop business become publicly owned. The offering that is initial $14.5 million, with five million stocks offered. With the cash to enhance, money America acquired the top State string of 47 pawnshops later that year. The organization proceeded to develop, mainly through purchases. In 1988, 5 years as a result of its founding, the chain launched its 100th location.
The shops into the money America string would not fit the dark, dingy image of the storefront pawnshop. Daugherty’s strategy was to offer big, well stores that are lit to computerize the stock, and also to centralize administration. Continue reading The shops within the money America chain would not fit the dark, dingy image of the storefront pawnshop.