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TaxCash Pay It Forward Corp

Hands Free Lending Business In Winnipeg/Portage La Prairie For Sale

Portage La Prairie, Manitoba, Canada
Asking Price:
$100K - $250K (CAD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

More families are living paycheck to paycheck and current market forecasts project that this trend is likely to increase in 2023-24. Unanticipated expenses leave people in need of short-term loans to provide needed bridge financing.

Until recently, people needing short-term financing would turn to one of the approximate 38,000 “brick & mortar” retail locations across Canada. They would apply in person and wait for a retail employee to assess the application. This model is outdated, inefficient, and carries significant risk to the lender.

The industry is now shifting towards online alternatives with web-based interfaces that allows a client to conveniently and quickly complete the entire loan application from where ever they happen to be at the time.

The Future of Payday Lending Is Here…
- No more costly brick & mortar store expenses
- No more employee and staffing requirements
- No more face-to-face borrower interactions & potential confrontations
- No more manually processing & verifying paper loan applications
- No more physical cash on-site and staff security concerns
- No more expensive advertising and marketing efforts

Our Proprietary Online SaaS Lending Platform Works For You…
- Complete turnkey package including lead generation & customer support
- Fully automated loan approvals, disbursements and collections
- Advanced risk-scoring analysis through Machine Learning & AI technologies
- Passive ownership with no day-to-day operational tasks
- Proven concept with 32 territories onboarded since 2018
- High ROI
- Exclusive & protected territories available

This emerging online model was refined by a Canadian company that consolidated its existing industry experience operating short-term loans, with an industry-changing proprietary algorithm, to develop a complete turn-key, web-based system offering short-term loans.

The company’s proprietary algorithm, an advanced machine-learning based AI software, is designed to be fully automated and secure in accepting, reviewing and approving loan applications. Due to the software’s ability to assess the client’s banking history, with applicant approval, the system confirms high quality loans.

The result is an end-to-end system that does the most challenging work for the lender, at a fraction of the retail cost. Once approved, the company provides a turn-key payday loan system that includes advertising, loan undertaking, loan dispersal, loan collections and customer support. Territories in Manitoba range from $90k depending on the location and minimum lending capital from $150K

Note: In Manitoba the provincial governments requires a $25k bond in addition to all other licensing costs requirements. The industry is Federally regulated and governed by provincial/state laws.

The Licensee must be approved by the regional Consumer Protection Agency for the Payday Loan Lending License. The company will provide assistance throughout the application process. *Recession Proof *Hands Free *

***Please note: This Licensee opportunity is available to Canadian citizens / residents only, who are currently living in Canada.***

Property Information

Location:

Online across CANADA

Premises Details:

Online Only

Business Operation

Trading hours:

24/7

Years established:
6

Other Information

Support & training:

We provide full customer support, as well as guiding you through the Consumer Protection licensing procedure in Manitoba.

Relocatable:
This business can be relocated.