Cannabis Banking, Credit Cards & Merchant Accounts
Hello Cannabis Merchant! We’re certain that you have received many offers for banking and credit card processing and you are either dissatisfied or your contact was unsuccessful at getting you approved and running. We have helped many merchants in the Cannabis, Hemp and CBD industry, with end-to-end solutions to help drive business. We understand the […]
APR FOR DEFERRED PRESENTMENT, PAYDAY LOAN, CAR TITLE LOAN TRANSACTIONS
HOW TO CALCULATE THE APR FOR PAYDAY LOAN, DEFERRED PRESENTMENT & CAR TITLE LOAN TRANSACTIONS The Annual Percentage Rate (APR) as required by the Truth-In-Lending Act (TILA) for deferred presentment transactions is calculated by multiplying the interest rate for the term by the number of terms in a 365-day year, or symbolically: (Interest Rate for […]
Bank & Processing Services for Lenders: Tribe & State Licensed
By Jer Ayles. The Business of Lending Money. We got a “bad” letter from our bank! 15 days to find another bank for our 11 year old consumer loan business. Things appeared grim. Our bank was “very sorry.” Something about “the people at Corporate…” I went nuts. “Operation Choke Point” is kaput… over… out of […]
