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Monday, August 29, 2005

ColorTyme Announces New Line of Credit to Back Payday Loan Expansion Plans

ColorTyme Announces New Line of Credit to Back Payday Loan Expansion Plans; Wants 40 Payday Locations By End of 06'



ColorTyme Announces New Line of Credit to Back Payday Loan Expansion Plans; Wants 40 Payday Locations By End of 06'
Father-Son ColorTyme Franchisees Announce Acquisition of Rent-A-Center Store; ...you read that right!
Hometown Rentals Converts to ColorTyme; Former accountants agree to multi-store, multi-buyer deal
ColorTyme Returns To Joliet; Company financing enables veteran rent-to-own professional to open first of many stores
Gary Hughes To Retire; Largest ColorTyme Franchisee Sells 27 Stores to Rent-A-Center
ColorTyme Dealers Wrap Record Breaking Convention
Gary Hughes Named 2005 ColorTyme Franchisee Of The Year (37 photos)
ColorTyme Dealers Gather In Myrtle Beach For 2005 Convention (60 photos)
RTO Veteran Key Addition To ColorTyme Franchise; Group Plans 18 Stores By 2008
Franchisee learns family business, opens first ColorTyme store
Pannell Family Opens Sixth ColorTyme; First in Alabama
ColorTyme Convention Coverage
John Shaw Wins Double Diamond Award For Highest Revenue in ColorTyme System (70 Photos)
ColorTyme Convention Coverage
Work Hard - Play Hard; ColorTyme Hosts Night Out For Convention Attendees (39 Photos)
ColorTyme Convention Coverage
Dealers Crowd Floor At ColorTyme Tradeshow (50 Photos)
ColorTyme Convention Coverage
ColorTyme University Expands Program (59 Photos)
ColorTyme President Announces Financing Program to Help Multi-Unit Managers Become Business Owners
Over 30 Vendors To Show At ColorTyme Winter Operations Meeting
ColorTyme Dealers To Gather In Dallas
Gary Hughes Opens 31st ColorTyme
ColorTyme Entering Payday Loan Arena
ColorTyme Franchisee Pat Hunt Succeeds In Customer Service; Opens Fifth Store
ColorTyme's Second Annual Charity Golf Tournament Scheduled; Proceeds To Benefit Juvenile Diabetes Research
Former Thorn Americas VP Bob Bloom Named President Of ColorTyme
ColorTyme's Sam Lowe and Ace Rent to Own's Tim Carpenter Named Directors of TARA As Convention Wraps Up
ColorTyme Charity Golf Tournament Raises $12,000
ColorTyme's Bob Kogler Sponsors Golf Tournament; Proceeds To Benefit Juvenile Diabetes Research
ColorTyme Secures $50 Million Credit Facility; Plans Major Expansion



Securing this additional credit specifically for Pay Day Loans gives ColorTyme franchisees the capital to fund Pay Day Loan programs, as well the additional tools needed to use it – software, training, and security measures
Sam Lowe, ColorTyme Vice President of Operations


ColorTyme President Bob Bloom (right), and Director of Franchisee Development and Finance Pat Sumner at the recent APRO convention in Las Vegas, Nevada.
ColorTyme, Inc. announced today it has secured an additional line of credit to support Pay Day Loans, one of ColorTyme’s newest growth ventures for ColorTyme franchisees.

The company finalized a new $5 million dollar line of credit for Pay Day Loans to add to the existing $15 million dollar line of credit for traditional rent-to-own with Texas Capital Bank. ColorTyme currently has an additional $50 million dollar line of credit with Wells Fargo Foothill/Comerica Bank supporting the traditional rent-to-own portion of the business, making a total of $70 million in total credit line to support the company’s steady growth.




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