KINGWOOD, Texas, Jan. 20 /PRNewswire-FirstCall/ -- International Merchant Advisors, (Pink Sheets: IMAI), is proud to announce that it has completed its acquisition of FlashCashNow.com a leading Internet payday loan / cash advance provider and lead generation provider.
About The Payday Loan Cash Advance Industry
The payday loan and cash advance business is a worldwide multi billion dollar business, and the internet component offers even greater rewards than the payday loan brick-n-mortar model.
Typically, payday loan consumers are paying $10 to $35 per $100 borrowed for a term averaging 8 days. These cash advance fees are equivalent to 480% to 1200% APR's (Annual Percentage Rate).
The demand for payday loan products is increasing worldwide. Small loans ranging from a few hundred dollars to $1500 or more are in huge demand by cash strapped consumers. The demand for these so-called "micro-loans" is so profound that Muhammad Yunus who founded the Grameen Bank won the Nobel Peace Prize in 2006 for leveraging small loans to impoverished families. Take a look at his book; "Banker to the Poor: Micro-Lending & the Battle Against World Poverty."
About FlashCashNow.com, Inc. (www.flashcashnow.com)
Since opening its doors in 2009, FlashCashNow.com is poised to become one of the online leaders in licensed and responsible payday loan services and online cash advance loan lead generation companies.
Today our services are available in over 30 US states and growing. FlashCashNow.com continues to lead the way toward the future of secure online lending and credit services.
About International Merchant Advisors, Inc. (www.imaiinc.com)
International Merchant Advisors Inc. -- Trading symbol: IMAI is an international business banker and builder of companies. IMAI provides direct access to the critical tools necessary to satisfy the growth requirements of international emerging and re-emerging public and private companies. These tools include providing mergers and acquisitions, strategic advisory services, capital raising strategies, direct access to capital markets, and organizational development and business plan execution.
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SOURCE International Merchant Advisors, Inc.