Payday Loans in Portland, ME
at 16 Middle Street unit 301, 04101
- (207) 560-8940
- 2+ years in business
- Apply in-store 8:00 am - 10:00 pm (Mon-Fri)
- Open on Saturday
- Payday loans, installment loans
- Online application 24/7
1F Cash Advance Store in Portland
When unexpected expenses are about to ruin your day, 1F Cash Advance is here to provide a quick fix. With us, you can receive emergency assistance in minutes and get back to your day with peace of mind. Our no credit check loan process makes it possible to obtain instant cash from a direct lender, even with bad credit. Visit our Portland store today and let us help you navigate the process. We are conveniently located a few minutes’ walk from the Portland Cruise Terminal, near the Coldwell Banker Realty. Our team is always here to provide qualified assistance and offer personalized loan solutions.
- Monday8 am – 10 pm
- Tuesday8 am – 10 pm
- Wednesday8 am – 10 pm
- Thursday8 am – 10 pm
- Friday8 am – 10 pm
- Saturday9 am – 6 pm
- SundayClosed
Payday Loans, Installment Loans
Curtis Alvarado
Tried our service?
Explore Our Loan Products
1F Cash Advance offers flexible loan options for various personal needs:
Payday Loans
Max. amount $1,000
A payday loan is a short-term loan solution designed for small emergencies and money shortfalls. With us, you can borrow up to $1,000 for a maximum period of 30 days to cover urgent bills, minor repairs, medical costs, and other unexpected expenses.
Installment Loans
Max. amount $5,000
For larger needs, installment loans offer amounts of up to $5,000 with the ability to repay in scheduled payments over 2 to 24 months. This flexibility makes them a budget-friendly option for debt consolidation, home improvements, big purchases, and other life projects.
Take These Steps to Apply
We have a hassle-free application process that takes just 5 minutes to complete:
Come to the store
Visit our loan place in Portland and fill out an easy application form. Our staff is always here to answer all your questions.
Get approved
A quick application review via a soft credit check allows for almost immediate loan decisions.
Access funding
If approved, receive instant cash on the spot or get your loan funded via a same-day direct deposit.*
*Approval is subject to qualifications. Your loan eligibility is determined by your income, debts, employment, and payment history. Loans approved before 10:30 am are typically funded by the end of the same day. Applications submitted after 10:30 am, on weekends, or on holidays, will be processed on the next banking day. Instant cash is offered to in-store applicants who borrow against a post-dated check.
Application Checklist
Prepare these basic items upon your store visit to speed up the process:
- Valid government-issued photo ID
- Social Security number
- Active bank account and routing numbers
- Proof of income
- Proof of Maine address
- Your employer’s contact details
- Valid email and cell phone number
About 1F Cash Advance in Portland, Maine
For over 5 years, 1F Cash Advance has been redefining financing options in Maine to make borrowing inclusive and stress-free for borrowers of any credit background. Our Portland store opened in 2023 with the goal of helping hard-working people secure much-needed financing and easily navigate the process. We care about your financial future and offer customized loan solutions to fit your unique needs.
With our simple requirements, transparent loan terms, quick approval, and same-day funding, you can count on fast, professional financial support right when you need it. We are a legitimate loan service providing a safe borrowing experience in situations where time matters. Visit us today and get the financial support you deserve, no matter your credit score.
Use Your Payday Loan Responsibly
Payday loans are emergency borrowing options that must be repaid over several weeks. Using them for long-term needs can be costly and may lead to financial strain or debt cycles. Before applying for a payday loan, make sure you have a clear repayment plan and can afford the required amount. If you experience ongoing financial challenges, avoid borrowing and seek professional counseling.
At 1F Cash Advance, we disclose all loan terms so you know exactly what to expect. Review them carefully and be sure you fully understand the interest rate, total cost, due date, and repayment schedule.
FAQ
Are payday loans legal in Maine?
Maine laws allow payday loans if they are offered by licensed lending companies. However, it limits the maximum payday loan amount and caps an interest rate at 30% to protect borrowers from high-cost debt.
What is the maximum amount I can borrow with 1F Cash Advance?
With our Portland payday loan, you can borrow up to $1,000, depending on your income and credit. Installment loans offer amounts of up to $5,000, making them suitable for larger expenses.
How fast will I receive my loan?
In most cases, borrowers receive their loans as soon as the next business day after approval. Applicants who get approved before 10:30 am on weekdays can access the money on their bank accounts on the same day. Instant funding is offered to people who borrow in-store and provide post-dated checks for repayment.
Can I get a loan with bad credit?
You can qualify for our loans with any credit. We set no minimum requirements and are more focused on your ability to repay rather than your FICO rating. Just note that having a bad credit score may affect your loan terms and APR.
How much time do I have to repay a payday loan in Maine?
The maximum repayment period for a Maine payday loan is 30 days, with the due date usually aligned with your next paycheck. Rollovers are not permitted, so be sure you can repay the funds on time.
Can I qualify for a payday loan if I’m unemployed or self-employed?
At 1F Cash Advance, we accept applicants without official employment as long as they can demonstrate their ability to repay. Proof of consistent alternative income sources is still required to qualify for a payday loan.
What happens if I can’t repay on time?
If there are not enough funds in your account on the due date, an NSF fee of up to $25 may apply. Loan defaults can also lead to collection actions and negative effects on your credit. If you experience repayment difficulties, contact the payment center listed in your loan agreement to discuss available options.
