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Frontera Investment Announces Acquisition of Shop in Sunnyvale Ca. Frontera formerly announced two brand brand new deals that may offer working money essential to obtain current shops and develop the jewelry loan business that is gold.

Frontera Investment Announces Acquisition of Shop in Sunnyvale Ca. Frontera formerly announced two brand brand new deals that may offer working money essential to obtain current shops and develop the jewelry loan business that is gold.

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Frontera Investment, Inc.,(OTC: FRNV) announced the acquisition of a store in Sunnyvale California, operating under the name of Check2Cash today.

(PRWEB) November 07, 2012 — Frontera is an alternate monetary solutions business that acts the big and fast-growing low-cost customer finance market. The business makes use of technology that is advanced company procedures to provide competitive costs on an array of lending options and solutions, including check cashing, loans (payday and gold jewelry loans) and cash transfers.

Total cost had been more or less $1.0 million plus 85percent for the payday that is existing outstanding. The purchase cost ended up being compensated from proceeds from the purchase of Series the Preferred inventory. The closing happened Saturday, November 3, 2012.

Frontera formerly announced two brand brand new deals that may offer working money required to obtain current shops and develop the jewelry loan business that is gold. The transaction that is first a brand brand new $5 million senior credit center from Salus Capital Partners . The transaction that is second a $5.0 million preferred stock investment from MRC Capital Group , a preexisting investor in Frontera.

“We are extremely very happy to announce the addition with this lucrative shop in Sunnyvale” said Gilbert Partida, Frontera’s president and CEO. “This effective shop will straight away increase our pay day loan market share in California and include running money flow”. Furthermore, “we obtained a pawn permit because of this location that may let us include the lucrative gold jewelry loan solution as of this shop and somewhat speed up the payback on our investment.”

Continue reading «Frontera Investment Announces Acquisition of Shop in Sunnyvale Ca. Frontera formerly announced two brand brand new deals that may offer working money essential to obtain current shops and develop the jewelry loan business that is gold.»