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Below is an in-depth analysis and side-by-side comparison of American Lenders Service Company vs The Loan Consultants including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $50,000 - $513,000 | $13,800 |
Franchise Fee | $5,000 | N/A |
Royalty Fee | - | - |
Advertising Fee | - | - |
Year Founded | - | 1983 |
Year Franchised | - | 1983 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | - |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | Yes |
International Expansion | - | No |
American Lenders Service Company is the leading provider of collateral
recovery services. We are capable of servicing and skip-tracing a
lender’s loan account in default regardless of the whereabouts of the
collateral. We also deal with repossession,
investigations, and remarketing. To qualify for a franchise you
need a minimum net worth of $50,000 and at least grade 12 education. You must also have no
criminal record and a clean driving record. You also need to have money management and business skills, good communication skills, a basic knowledge of the automotive
industry and mechanical equipment.