Amy Baker
Fairfield, CA (USA)
Role(s):
TM Knight
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Startup
Location:
Fairfield
Industry:
Banking
Year Founded:
2007
Number Employees:
INVALID
Description:
By focusing on the needs of our key customers and providing them with true financial options, T M Knight will have over $3 million in revenue for the first year of operation after launch and will increase to over $40 million by the end of year 4, while implementing a plan to decrease costs over the same three years.
According to a recent article in the San Francisco Chronicle, in California alone people pay about $757 million in fees annually to 2,501 payday lenders. Our goal is to control a minimum 1% market share of this industry, by offering a better service and lower fees.
Middle to low income families have few options when it comes to credit. Credit card companies charge huge fees and high interest rates. Banks will not provide loans – short or long term – without coll