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1st Franklin Financial Corporation · Toccoa, GA United States

Company Description

213 E. Tugalo St.
Toccoa, GA
30577
United States (Map)
Phone: 706-886-7571
Fax: 706-886-7953
Toll Free: 800-282-0709

    Benjamin Franklin was known for doling out sage financial advice to "common folk." Today, 1st Franklin Financial is known for doling out direct cash loans and first and second home mortgages to a similar demographic. Secured direct cash loans make up the lion's share (more than 85%) of the company's loan portfolio. 1st Franklin Financial also buys and services sales finance contracts from retailers and offers credit insurance to borrowers. The firm operates through around 250 branch offices in the Southeast. Chairman and CEO Ben Cheek III and his family own more than 90% of the company. To read the full description, subscribe now.

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    Key 1st Franklin Financial Corporation Financials

    Company TypePrivate

    Headquarters
    Fiscal Year-EndDecember
    2008 Sales (mil.)$138.6
    2008 Employees1,113

    1st Franklin Financial Corporation Executives

    22 executives listed for 1st Franklin Financial Corporation's Toccoa, GA location.
    TitleName & BioContact
    Chairman and CEOBen CheekNetwork
    Vice ChairmanBen CheekNetwork
    PresidentVirginia HerringNetwork

    Competition

    Competitive Landscape for 1st Franklin Financial Corporation
    Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.
    Top 1st Franklin Financial Corporation Competitors
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