Amigo Loans, the sub-prime loan provider, has been put up for sale in a process that could net its founder upwards of £200m. The company, which lends amounts of between £500 and £5000 to customers at a rate of 49pc, has been put on the market by James Benamor, the lender’s owner and chief executive. Bankers at Canaccord Genuity are understood to have been hired to look into a sale of the company, which it is believed could be valued at more than £200m. Mr Benamor, who once appeared on the television programme The Secret Millionaire, founded The Richmond Group, his first loan brokerage company, aged 21 in 1999. The Richmond Group has run a variety of lending businesses, although in recent years it has focused entirely on Amigo Loans, which has grown substantially......Read more here