“We were out a pile of cash on any particular one,” Flores claims. “That ended up being my breaking point. We told my boss, we should do this anymore†I don’t think. It’s a losing company.’”
Since the self-storage facility part of Samca LLC is popular, Flores claims the business asked for and had been issued authorization through the state to get rid of accepting new clients while continuing to loan to existing customers—a total of ten to fifteen borrowers.
Based on the DFI report, there are two main other lenders that are payday the Spokane area, although the report does not determine those organizations. Flores says the only real two other payday loan providers into the Spokane area she understands of are Spartanburg, Southern Carolina-based Advance America, which includes an area in Spokane Valley, and Moneytree that is seattle-based has one location in Spokane Valley and something in north Spokane.
“Other than that, we don’t understand anybody else would you them anymore,” Flores says. Continue reading