The process of Cheque Cashing

For a business owner, you may receive post-dated cheques requested to be issued under the money lender company’s name. The company providing this cashing service, usually a financial institution will rectify the payer background before cashing the cheque. Lastly, the loan company needs the payee to sign some agreements to reimburse the lender should the cheque bounced. Once all these are done, the borrower will receive the money immediately.

Usually, banks and financial institutes do not `cash’ this kind of cheque and the only alternative falls on the money lender. These money lending company providers of various kind of loans such as Business and Personal Loan will have to provide the money upfront and be able to bank in due time. This kind of services are highly appreciated by financially constrained businessmen

Whilst for an employee, you may receive a post-dated cheque from your cash-strapped employer as payments for their salary. Or due to the logistic problem, the employer may not be convenient to issue cheque at month end, hence issuing the post-dated cheque. In this case, the employee can also request the employer to write the cheque in the loaner name. Next, we will verify that the cheque is from your employer, and past payslip or bank statements to validate your salary.

Conclusion

So if you are having this kind of problem, then look no further then us as we are a provider of SME as well as Pawn loan. We understand that you may need immediate cash, hence cheque cashing is one of the ways, besides SME loan.

We cover the whole of Johor especially Johor Bahru, Batu Pahat, Muar, Kluang, Bandar Kulai, Pasir Gudang, Skudai, Iskandar Puteri, Kota Tinggi, Pontian, Segamat, Bandar Tangkak, Yong Peng, Mersing, Simpang Renggam, Bukit Gambir