Respond to the SWOT Analysis of First Rate Financial (Payday Loans Company)-responce paper

SWOT Analysis of First Rate Financial (Payday Loans Company)

responce paper

Strengths:

• Quick and easy same day loans

• No brokers or credit checks

Weaknesses:

• Extremely high interest rates

• Losses due to default accounts

Opportunities:

• Open two to three new offices in other locations

• Hire more experienced personnel to better market their services

Threats:

• Online loans

• Lenders that offer caps on fees and interest rates; where borrowers will not have to pay back more money in fees and interests than the original value of their loan agreement

One of the best aspects of this business is that they are able to create highly gross margins from their lending services (Payday Lender Swot diagnosis, 2011). However, a well-performed SWOT analysis will successfully outline the current situation along with the future possibilities of this business to help it reach it’s desired visions and goals.

Reference:

Payday Lender Swot diagnosis. (2011, October 3). Retrieved from http://lowcostpayday-loans.blogspot.com/2011/10/payday-lender-swot-diagnosis.html?m=1

This Must Be Substantive To The Above Post, Originality Low, No Plagiarism.

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