Advance America, Cash Advance Centers, Inc. · Spartanburg, SC United States ·(NYSE: AEA)
Company Description
View Advance America, Cash Advance Centers, Inc. Locations On A US Map
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This link will open in a new window Advance America, Cash Advance Centers is one of the nation's leading payday advance firms. To cover unexpected expenses, customers visit one of the lender's approximately 2,700 locations in more than 30 states, show two forms of ID, bank statement, paycheck stub, and personal check, and the company loans them from $50 to $1,000 until payday. Advance America also offers money orders, pre-paid debit cards, and money transfer services. Its customers are primarily middle-income working individuals whose average age is 40 and whose median household income is about $40,000. Nearly 90% of them have high school degrees, and some 45% are homeowners. Advance America also has about 10 centers in Canada and 20 in the UK. To read the full description, subscribe now.
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Key Advance America, Cash Advance Centers, Inc. Financials
| Company Type | Public - NYSE: AEA Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $676.4 |
| 2008 Employees | 6,700 |
Advance America, Cash Advance Centers, Inc. Executives
10 executives listed for Advance America, Cash Advance Centers, Inc.'s Spartanburg, SC location.
| Title | Name & Bio | Contact |
| Chairman | William Webster | Network |
| President, CEO, and Director | Kenneth Compton | Network |
| EVP, CFO, and Director | J. Patrick O'Shaughnessy | Network |
Competition
Competitive Landscape for Advance America, Cash Advance Centers, Inc.
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 Advance America, Cash Advance Centers, Inc. Competitors
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