Publicly funded lending pools can provide low-interest, short-term loans in a way no private lender can or will. Make use of our online personal loan service and get a personal loan in one day. If the borrower missed a payment, Cash Biz would then immediately deposit the quick loans online post-dated checks knowing there would be insufficient funds. is a broker, not a direct lender and each time we match one of our customers to a short term loan lender we receive a commission.
Like payday loans, your income and savings are not factored into your score. By building up a savings buffer—called an emergency fund—you can be prepared to pay for unexpected emergencies without having to turn to credit card debt, family loans, or other borrowing options that create unnecessary stress.
Long-term financing is better for long-term investment in your business; while short-term loans can tide you over during a seasonal dip in sales or help you purchase a crucial piece of equipment, long-term financing solutions offer a larger chunk of cash to grow your business and profits.
At Satsuma, we don’t offer payday loans and, unlike other lenders, our short term loans always come with no hidden fees. Customers may pay back their loans early with no penalties, charges or fees. But remember, you can only apply for overdraft protection at your bank, and the line of credit it extends may only be $500 or $1000.
No, having a bad credit score doesn’t mean you will be automatically declined. Loan approval is subject to eligibility and credit approval. The loan proceeds may be provided to you by cash or check, electronically deposited into your account, or loaded on a prepaid debit card.
The Bureau of Financial Institutions is unable to advise you of your eligibility for a payday loan. If you want to get a bad credit loan, it’s critical to understand exactly what you need it for so that you don’t waste your time looking at the wrong lenders. Whether you’re looking for a short term loan for bad credit or you just need a quick cash fix in an emergency, it’s important to think carefully before you borrow money from a provider.