Tower Loan

Tower Loan is an American financial provider offering personal loans. According to its website, it has offices in six states and over 240 cities and has helped over 200,000 customers. Its corporate headquarters is located near Jackson, Mississippi. The company traces its history to 1936, when Tower Loan opened.

Tower Loan opened in 1936 and experienced prosperity and growth during the infancy of the consumer finance industry. After World War II in 1945, Tower sold its offices to various employees within the company; the Jackson, Mississippi, South State Street Office of the original Tower group was purchased by Ed and Kate Clark, and under the Clarks' ownership Tower Loan brokers grew from a single office to 16 offices throughout Mississippi. Following the death of Kate Clark in 1972, Jack Lee purchased 12 of Ed Clark's offices; the 4 offices not purchased were sold to managers within Clark's company. The offices purchased by Jack Lee were located in North Jackson, Clinton, East Jackson, Yazoo City, Canton, Kosciusko, Pascagoula, Louisville, Eupora, Carthage, Moss Point, and Philadelphia. In later years, the Moss Point office was merged into Pascagoula, Clinton was moved to Southwest Jackson, and East Jackson was moved to Pearl. Some of these offices operated as Tower Loan, and some operated as Russell Baker Finance. In 1983, to provide credit-related insurance, Tower established two insurance companies: American Federated Life Insurance Company, specializing in credit life and credit accident and health insurance, and American Federated Insurance Company, focusing on credit property insurance; Tower's parent corporation now owns both companies. Through strategic openings and acquisitions, Tower expanded to 29 offices across Mississippi, becoming the state's largest consumer finance company. In 1990, Tower Loan made its largest acquisition to date with the purchase of Louisiana-based Reliable Finance Company.

Simple. Quick. Convenient — offering personal loans with online application and checking rates without affecting credit.

• Personal loans

• Home improvement loans

• Vacation loans

• Medical bill loans

• Car repair loans

• Gift loans

1. 1Tower Loan: Online Personal Loanstowerloan.com
2. 2View our Company Timeline - Tower Loan Historytowerloan.com
3. 3Corporate Office Information | Tower Loan Home Officetowerloan.com
4. 4FICO Score vs. Credit Score: What’s the Difference? – Tower Loantowerloan.com
5. 5Tower Loanwikidata.org