The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

any thoughts about check cashing businesses?

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., "www.mywebsite.com"

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (2)
No User Photo

Hello!

Have you ever searched for funds, loans, financial assistance or need an accredited lender to help you meet up with your needs and demands? Do you want an Investment Loan for your business Or have your bank turned you down? Is your monthly income disappearing due to high interest rate on your Loans, Credit or Bonds? Then you have no alternative than to get an instant and reliable service. Contact us today for Legit/accredited Loans, Mortgages and Investment funds. For Quick application, Apply within; Full Name: Loan Amount needed: Loan Purpose: Loan Duration: Phone number: Address/Country:

Yours Sincerely
Jesse Peterson
phone: (980) 239-7539
email: info@interventionmortgagefirm.com
web: http://www.interventionmortgagefirm.com/

Jun 1, 2017
No User Photo
The BAF Group LLC
MD

BIG business. You absolutely HAVE to know what you are doing. Big issue right now is that many, perhaps most banks are refusing lines of credit for these businesses, in Maryland. I am uncertain whether it is following that course in other states. In Maryland, there was a mammoth, legal problem with one of the largest in the area that caused the banks to back off. Then the credit crunch hit last year, which all but killed the business here. One friend of mine just bought a Liquore Store with the largest Check Cashing operation in the state, but had to go out of state to get funding for the Check Cashing portion.

My suggestion is that you be exceedingly careful with that end of it. If the funding is tenuous, you could get into a lot of debt and find that you have no line of credit to support it, even after you have it apparently locked in. Be very certain about your bank!

Oct 30, 2009

Start a Discussion