About Us

After a year of teaching high school physics, company founder, Mike Sawyer spent 35 years in the insurance and financial services sector.  Most recently he served with Wells Fargo Home Mortgage at their headquarters in West Des Moines, Iowa.  Mike saw that even though banks could deliver deposit advance loans more efficiently and at much lower cost than similar payday loans, it has not been a good fit with diverse product portfolios offered by the big banks.   Relenting to pressure from many sectors including the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (FDIC)  the last of these banks will be out of the deposit advance business by year end (2014), leaving those living from paycheck to paycheck at the mercy of payday loan stores.

Mike saw the need for a new business model combining the low overhead and low risk enjoyed by banks with the customer focus of Payday lenders to better serve the needs of customers who struggle between paychecks.  Realizing the employers are vested in the financial well being of employees, he sees them as ideal partners in providing this service.