- IEG Holdings services vast underbanked market in U.S.
- Company enjoys 80 percent repeat customer business
- ACF Equity Research projects that company revenues will quadruple from 2017 estimates by 2020
In a January 2018 report, ACF Equity Research projected that IEG Holdings Corp. (OTCQB: IEGH) revenues will essentially quadruple over the next couple years and the company will maintain positive EBITDA (http://nnw.fm/i9LkJ). Serving the large underbanked population in the United States, IEG Holdings provides unsecured, five-year consumer loans of $5,000 and $10,000 under the brand name ‘Mr. Amazing Loans’ through its website (www.MrAmazingLoans.com). The company is licensed and/or holds certificates of authority to originate direct consumer loans in 20 states and boasts an exceptional 80 percent repeat customer business rate.
Estimates from an FDIC survey (http://nnw.fm/EZf7l) reveal that approximately 25 million U.S. households were underbanked in 2015, meaning that the household had a checking or savings account but lacked sufficient access to mainstream financial services and products. These households are often deprived of banking services such as credit cards or loans and forced to rely on…
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