Payday America was founded in 2000 in Burnsville, Minnesota. The company operates a chain of check cashing and short term loan stores.
The company currently has 14 locations throughout the state of Minnesota, with plans to add more in the near future. In addition to check cashing, the company also offers short term “payday” loans, as well as offering prepaid debit cards. The company requires no credit checks, simply proof of employment. Interest rates vary.
Payday America is the largest “payday loan” business in the state. Currently, the company has an A+ rating with the Better Business Bureau. It has been estimated that Payday America had annual revenue in 2013 of $6 million.