Payday Loans in Memphis, Tennessee
at 4964 Poplar Ave, 38117
- (901) 519-3277
- Serving Memphis since 2021
- 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 Memphis
When you need cash in a pinch, 1F Cash Advance makes the process fast and hassle-free. Visit our Memphis store and get up to $425 from a state-licensed lending partner on the same day. Our extended business hours and convenient location on Poplar Ave make it easy to find us when you need emergency money.
- 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
Timothy Brown
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Available Loan Products
1F Cash Advance helps Memphis residents access several loan options that comply with consumer-lending laws and meet different financial needs:
Payday Loans
Max. amount: $425
Borrow $100–$425 in minutes to cover urgent bills, car repairs, or other emergency expenses, then repay the full balance on your next payday. Tennessee law limits you to two outstanding checks at a time and allows lenders to charge no more than 15% of the check’s face value as a fee. The statute also prohibits rollovers, or “re-borrowing,” so each payday loan serves as a one-time bridge.
Installment Loans
Max. amount: $5,000
When you need more than what a short-term advance can cover, choose installment loans in Memphis, TN. Get up to $5,000 and repay in fixed monthly installments. These unsecured loans are available to applicants with any credit type and let you cover larger expenses without stretching a single paycheck too thin.
Fast Cash in Three Simple Steps
With 1F Cash Advance, applying for a small loan in Memphis is easy and fast:
Apply in the store
Fill out our secure application form. Our team is here to answer any questions.
Get an approval decision
Lenders will review your application in under 15 minutes and get back to you. A soft credit check is typically made to assess your loan eligibility, although some lenders may run a hard inquiry with prior notice if you decide to proceed.
Receive cash
Once approved, you can either get your money in-store or expect a same-day direct deposit.*
*Same-day funding is offered to applicants who finalize their loans before 10:30 am on weekdays. Approvals after 10:30 am or on weekends will be processed on the next banking day. Instant cash is available to in-store borrowers who choose to repay the loan via a post-dated check.
Loan Application Checklist
Prepare these items for a smooth application:
- Valid government-issued photo ID
- Social Security number (SSN) or ITIN
- Active checking account and routing numbers
- Proof of income
- Proof of Tennessee address
About 1F Cash Advance in Memphis, Tennessee
Among loan companies in Memphis, 1F Cash Advance is known as a trusted local service. We provide quick financial support to borrowers with any credit and have been helping people in Memphis find licensed lenders since 2021. Our team has served over 3 million customers nationwide and takes pride in offering transparency and speed.
Find the Nearest Store
Besides our Memphis branch, 1F Cash Advance has other locations in Tennessee:
1296 Union University Dr unit E, Jackson, TN 38305
951 Eastgate Loop suite 105, Chattanooga, TN 37411
4709 Papermill Dr NW unit 210, Knoxville, TN 37909
Small Loans Are Not Intended for Long-Term Financial Needs
Payday loans and cash advances are short-term solutions, not substitutes for long-term loan options. Using them over an extended period can become expensive.
We strongly recommend taking out payday loans only for small emergencies. If you find yourself needing regular, long-term financial support, consider other options or seek professional counseling.
FAQ
Are payday loans legal in Tennessee?
Yes, but strict rules apply to lenders that legally operate in Tennessee, and the Tennessee Department of Financial Institutions returned $10,683 to deferred presentment borrowers statewide in fiscal year 2024 through its exams and complaint process.1 State law limits payday loans to $425 and fees to 15% of the borrowed amount.
How fast can I get the money near me?
You will receive funds within 24 hours of approval. If you are approved before 10:30 am, you may receive funding the same day. Instant cash options are available to in-store applicants who provide a post-dated check covering the full amount due.
Do you accept SSI or unemployment income?
Our lenders ask for proof of stable income, but the source can vary. Self-employed individuals or those with an alternative verifiable income can still qualify.
Can I apply without a bank account?
In most cases, you will need an active checking account to apply and get the money. However, you can also pick up the cash in our physical store if you provide a post-dated check for repayment. Some lenders may also transfer money to your debit card.
Can I get the loan with bad credit?
Yes. Our lending partners consider people with bad credit. They look at your current ability to repay rather than deciding solely based on your FICO score.
Sources
- 1 Tennessee Department of Financial Institutions — 2024 Annual Report — deferred-presentment consumer refunds. 2024.
