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Tuesday, March 1, 2011

Financing Your Barbecue Restaurant

... or other endeavors.

Once we hit Missouri, we began to see signs advertising the local Title Loan agency. A "Title Loan," for those not familiar with it is a quickly arranged loan backed by the borrower's automobile title. It is just about a half notch above loan-sharking on the scale of financial transactions.

Particularly in the Southern states, these businesses are found both in towns and out in the countryside, like this one in Arkansas.
Loan-1

In town, the operation might be combined with a pawn shop as here, at Boll Weevil.
Loan-2

Sadly, most of the loans made here are probably not to finance a new business, but to stretch out a reduced income stream until even greater financial calamity sets in.

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