Enjoy running this attractive business from the comfort of your home.
The business operates utilizing an online platform that provides potential borrowers with a virtual loan approval and pay-out process, allowing borrowers to access the system from their home computer or mobile device. The online platform automates the application, approval and pay-out process to the extent that there is no human interaction.
This business opportunity requires a minimum of $200,000 of liquid cash (minimum $100,000 to provide short-term loans to borrowers and additional $100,000 required to be placed as a bond with the Alberta's consumer protection agency).
The advantage of this online business, compared to a traditional brick-and-mortar payday loan business, is that it eliminates the need for the lease of premises and face-to-face interaction with borrowers.
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