palmetto private capital, llc is a small loan consumer finance holding company and provides short-term installment loans, related credit insurance and ancillary products to individuals with limited access to traditional sources of consumer credit. Loans are denominated in standardized amounts rangin…
palmetto private capital, llc is a small loan consumer finance holding company and provides short-term installment loans, related credit insurance and ancillary products to individuals with limited access to traditional sources of consumer credit. Loans are denominated in standardized amounts ranging in size from $350 to approximately $1,500 with seven to twelve month terms, approved based on a combination of the customer’s current level of income, stability, job status and credit history.
Our holding company presents an attractive investment opportunity given the highly profitable and branch based business model. We are providing a proven product offering, within a strong market requesting access to this type of lending. In addition to the lending business, we offer tax preparation to customers at a discount in states that allow such service.
The small loan industry serves both the unbanked (individuals lacking bank access) and the underbanked (individuals with bank accounts, but who have limited access to credit). The Federal Reserve board estimates that approximately 7.7% of U.S. households, approximately 9 million people, do not have bank accounts and are considered unbanked. Additionally, the Federal Reserve Board estimates 17.9% of U.S. households, roughly 21 million, are underbanked; these households have a checking or savings account but rely heavily on alternative financial services. Collectively, the unbanked and underbanked population totals approximately 30 million people who typically use non-bank money orders, non-bank check cashing services, payday loans, rent-to-own agreements, or pawn shops once or twice a year
Team (1)
Sectors cta|hansen serves:
Financial Services
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