The short term loan industry have had tremendous growth through the years since it’s start in the late -90. And despite other bigger banks has fallen, the industry still stands. The fun thing about this is that it has always been labeled as very unstable and as a industry that  it wouldn’t survive for long because it’s type of customers. Still they are there, and are going to be for the future (well, that my conclusion). You can read about the rules and regulation, which probably in the long run saved many of these companies, under short term loans. And a more detailed description under short term personal loan.