Tower Loan risk score

Tower Loan, founded in 1936, has established itself as a prominent entity in the consumer finance industry. Initially launched during a time when consumer finance was just beginning to take shape, Tower Loan has navigated through decades of economic fluctuations and regulatory changes to become a leader in the financial services sector.

After World War II, in 1945, the company underwent a significant transformation when it sold its offices to various employees. This pivotal moment was led by Ed and Kate Clark who purchased the Jackson, Mississippi office. Under their stewardship, Tower Loan expanded from a single office to 16 offices across Mississippi, marking a period of rapid growth and expansion.

The legacy continued after Kate Clark's passing in 1972, when Jack Lee acquired 12 of the offices. This expansion was strategic, spreading the company’s footprint across multiple locations including North Jackson, Clinton, East Jackson, and several others. Over the years, some offices were consolidated to optimize operations, such as merging the Moss Point office into Pascagoula and relocating the Clinton office to Southwest Jackson.

In 2006, Tower Loan expanded beyond Mississippi by opening eight offices in Missouri, demonstrating its resilience and adaptability by thriving despite challenges such as high interest rates and stringent government regulations. Today, Tower Loan operates numerous offices across multiple states, offering a variety of financial services including personal loans, mortgage lending, and financial consulting.

Tower Loan remains committed to providing exceptional service and financial solutions that cater to the needs of its customers, continuing its legacy as a trusted leader in the financial industry. The company's enduring success is a testament to its robust management, strategic growth, and the ability to adapt to the ever-changing financial landscape.