| Company

The Cash Store acts as a broker on behalf of consumers seeking short term cash advances with third party lenders without having to provide a credit history or security on the loan, as is generally required by commercial lending institutions.

The Cash Store typically arranges for cash advances for customers in the amount of $100 to $1,500.  In order to receive a cash advance, the customer is required to provide copies of their most recent bank statement, one recent pay stub (showing the YTD income), current proof of residence, current telephone and utility bills and to write a cheque in the amount of the advance plus the lender’s pre-calculated interest. The cheque will not be deposited until the customer's next payday (normally 7 to 14 days). The cheque is not post dated. On the loan due date the cheque may be deposited to repay the advance or the customer may redeem the cheque by paying cash in the amount of the cheque.