Sun Loan Company - E. Main St.
- Loan Companies
Sun Loan Company is a consumer finance business specializing in making small installment loans directly to consumers.
The first Sun Loan office was opened by Thomas L. Brundage in San Antonio, Texas in 1988. Today we have over 250 offices in 9 states, but remain a family business.
Sun Loan's basic business product is the installment loan. With an installment loan the customer receives cash in exchange for a promice to repay the amount borrowed plus a charge for the use of the money. The charge is a combination of a processing fee (sometimes referred to as an acquisition charge). The payments are made on a monthly basis.
Sun Loans does not rely on collateral or security in making loan decisions, but looks primarily to the character of the customer and their ability to make payments.