W. Allan Jones founded Check Into Cash in his hometown of Cleveland, TN , in 1993. Since then, the company has grown into the third largest payday lending company in the nation and become a billion-dollar-a-year enterprise. Prior to founding Check Into Cash, he worked for nearly 25 years in his family's Credit Bureau business before selling it in 1998. Mr. Jones started in business at the age of 20 while a student at Middle Tennessee State University. He worked six-day work weeks and long hours to learn and
In 1993, Mr. Jones established Check Into Cash, which made “payday” advances (small, short-term loans) to walk-in customers. The terms were up to two weeks on $200 checks for fees ranging from $15 to $18. The business proved popular with customers and profitable for Mr. Jones, and had grown to more than 700 Check Into Cash stores by late 2002. Currently, the company has some 1,100 locations nationwide. Not only did his idea bloom into a successful venture, but his company has consistently led the way in set
In addition to serving as Chairman and CEO of Check Into Cash, Inc. , Mr. Jones is also Chairman of Jones Management Services,Inc , which provides management and administrative services to his many different businesses. Another of his ventures, Jones Properties, LLC , owns numerous historic buildings in downtown Cleveland. He was instrumental in helping restore and revitalize the city's downtown business district and beautifying the city’s streets by planting dozens of trees to enhance the area’s environ