Here’s an ad from the February 18 1952 edition of the Toronto Daily Star for a company that offered personal loans.
I crunched the numbers on the loan amounts and costs, and the rates of return were 16.7% and higher. That’s a pretty good return on investment, I guess.
The Personal Finance Company kept opening branches over the next few years – the 1956 directory lists 24 branches. But it appears that they might have overextended themselves, as they weren’t listed in the 1957 directory.
