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Jack Daugherty founded Cash America in 1983 (possibly 1984), [3] after prior experience running a pawn shop and a failed venture hunting for oil. [4] He reinvested his earnings into acquiring more pawn shops, growing his business to 36 locations by 1987 and 101 at the end of 1988. [4]
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It is a publicly traded company listed on the NASDAQ stock exchange [4] and is the second largest pawn shop operator in the U.S. [5] after Cash America International. As of September 30, 2021, the company operated 1,148 stores, 516 in the U.S (with 44% located in Texas, 18% in Florida and the remainder spread across 18 other states), 508 ...
The National Pawnbrokers Association (NPA) is a USA-based trade association headquartered in Southlake, Texas. The NPA was founded in 1987 [1] to help the growing number of pawnbrokers in the United States. Today, there are more than 1500 members in the National Pawnbrokers Association. [2] [3]
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The site was first settled in 1871 by brothers Gustavus A. and Edwin S. Graham, primary shareholders in the Texas Emigration and Land Company of Louisville, Kentucky.The brothers moved to Texas after the Civil War, and after buying 125,000 acres (510 km 2) in then-vast Young County, helped to revitalize the area, the population of which had become badly depleted during the war.
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Sam and his sons began operating on "cash-and-carry", able to offer lower prices than when taking on the risk of contractors buying on credit. The company eventually adopted the Payless Cashways name, but new locations were added using Furrow's due to trademark issues in Texas, Oregon, Missouri, Kansas, Oklahoma, California, and Indiana.