Jennifer RobisonLas Las Vegas Review-Journal
The name loan industry is fragmented, with a large number of players including little locations that are mom-and-pop nationwide operators with tens and thousands of areas.
The name loan industry is fragmented, with lots of players which range from little locations that are mom-and-pop nationwide operators with huge number of places. It is hard to monitor them because many are independently held. In addition they usually hide behind “dba” entities. But here are a few for the larger players:
TMX Finance: Headquartered in Savannah, Ga., TMX could be the title-lending industry’s player that is biggest, operating almost 1,500 shops in 18 states as TitleMax. The 17-year-old business has had economic difficulty of their own: TitleMax filed for Chapter 11 bankruptcy last year with regards to could not pay off a $165 million loan from Merrill Lynch. The reorganized business exited bankruptcy almost a later and has more than doubled its store count since year. Other brands it offers under include TitleBucks, EquityAuto Loan and InstaLoan. It offers a lot more than 4,300 employees nationwide.
Community Loans of America: The independently held company that is atlanta-based started in 1994 and runs over the Southern and Midwest under nameplates such as Carolina pay day loans, Illinois Title Loans and Fast automotive loans.