Payday Loan Internet Business BY: Jer Trihouse. Regarding the payday loan internet business model, I’ve been adamant for years that the  “choice-of-law” licensing model is subject to major disruption. Serious analysis of long term survival as a lender in the payday loan/small dollar lending space suggests legal application and compliance of your borrower’s “home” state residence … Continue reading Perilous? Payday Loan Internet Lending