Payday lender Cash Converters has launched a senior unsecured note offer, seeking A$50 million to $60 million of funding.Cash Converters will pay 7.95 per cent on the notes, which have a term of five years.The offer will be open to eligible professional and sophisticated investors. The company will not be issuing a prospectus or other disclosure documents. The notes will not be rated either.The lead arranger for the transaction is FIIG Securities.Cash Converters made a net profit of $32.9 million for the year to June - an increase of 11.7 per cent over the previous corresponding period. But earnings per share increased by only 4.4 per cent, reflecting the impact of a $32 million capital raising during the year.Its Australian loan book grew 35 per cent and generated a 37.5 per cent increase in EBITDA.