Payday Loans in Portland, ME
at 16 Middle Street unit 301, 04101
- (207) 560-8940
- Serving Maine residents since 2019
- Apply in-store 8 am – 10 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 help you find a fast financial solution. With us, you can find emergency loans in minutes and get back to your day with peace of mind. Reviewing your options does not require a hard credit inquiry that affects your credit score. Many applicants with poor credit histories may qualify for fast funding through our network of lenders, subject to income verification and other underwriting criteria.
Visit our Portland store today and let us help you navigate the process. We are located a few minutes’ walk from the Portland Cruise Terminal, near the Coldwell Banker Realty. Our experienced staff can walk you through the process and help you find 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 Available 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 reduces the size of monthly payments, making these loans suitable for debt consolidation, home improvements, big purchases, and other large expenses.
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 Portland office and fill out an easy application form. Our staff is always here to answer all your questions.
Get approved
You can get a loan decision in minutes. No hard credit check is needed to explore your options.*
Access funding
If approved, receive instant cash at the counter 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. Some lenders may perform a hard credit check if you decide to move forward. 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 (or an Individual Taxpayer Identification Number (ITIN), if applicable)
- 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
Since 2019, 1F Cash Advance has been expanding access to consumer lending in Maine to make borrowing inclusive and stress-free for people of any credit background. Our Portland store opened in 2023 with the goal of helping hard-working people find quick loans regardless of their credit history. Our staff will walk you through options matched to your budget.
We partner with lenders that have simple requirements and transparent loan terms disclosed before you sign. Through us, you can get a loan decision in minutes and access same-day funding. 1F Cash Advance is a licensed, NMLS-registered credit services provider committed to transparent terms and responsible lending. Visit us today and get the financial support you deserve.
Use Your Payday Loan Responsibly
Payday loans are emergency borrowing options that must be repaid over 2–4 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.
Our lenders disclose all loan terms so you know exactly what to expect. Review them carefully and be sure you fully understand the APRs, fees, due date, and repayment schedule.
FAQ
Are payday loans legal in Maine?
Maine tightly regulates small-dollar consumer credit. Traditional, high-cost payday loans are heavily restricted. Under the Maine Consumer Credit Code, the finance charge on a consumer loan may not exceed 30% per year on the unpaid balance up to $2,000.1 This caps the cost of borrowing and protects borrowers from high-cost debt.
What is the maximum amount I can borrow?
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 in 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?
Yes, you can. Our lenders set no minimum credit score requirements and are more focused on your ability to repay. 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 traditional W-2 employment as long as they can demonstrate their ability to repay. Proof of income you receive from an alternative source (self-employment, benefits, etc.) 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.
Sources
- 1 Maine Legislature — Title 9-A: Maine Consumer Credit Code — §2-401 caps the finance charge on a consumer loan at 30% per year on the unpaid balance of the amount financed up to $2,000. Oct 2025.
