AEA - 36% of Advance America Respondents say they Won't Loan to the Self-Employed
We profiled Advance America, Cash Advance Center, this week by interviewing respondents at 22 locations about what the average loan size is for customers? Is this month the busiest in the year? Are you busier than a year ago? And do you loan to self-employed folk? This was after the company announced plans to close down several centers. Results were interesting. We learned that the average loan size is $322.05 according to our respondents. 77% say that October is not the busiest month of the year, but 23% reported that October and November were busiest. 91% say they are busier than a year ago compared with just 9% who say business has slumped and while 64% of those surveyed say they will extend loans to the self-employed. 36% will not