Get A Cash Advance With Capital Bean And Receive Money Upfront In 1 To 24 Hours!

A cash advance from Capital Bean means you can borrow from $100 to $35,000 dollars before your next paycheck. Click on “Get Started” to use our simple and straightforward application process and apply for a cash advance loan today. We work with lenders that offer instant decisions to receive your money the next day or within 24 hours.


Cash advance loans, often referred to as payday loans or quick cash loans, are short-term financial tools designed to provide individuals with immediate access to funds during emergencies or when facing unexpected expenses. 

These loans are typically unsecured, meaning they do not require collateral, and are intended to be repaid in full, along with fees and interest, on the borrower’s next payday. They can serve as a lifeline for those in urgent need of money, but they also come with high costs and potential risks. 

According to data from the St. Louis Federal Reserve in 2017, the count of payday loan storefronts in the United States reached 14,348. This figure roughly equaled the number of Starbucks branches and slightly surpassed the count of 14,027 McDonald’s outlets.

A cash advance from Capital Bean means you can borrow from $100 to $35,000 dollars before your next paycheck. Click on “Get Started” to use our simple and straightforward application process and apply for a cash advance loan today. We work with lenders that offer instant decisions to receive your money the next day or within 24 hours.


What Types of Cash Advance Loans Can I Get?

Payday Loans

Online payday loans are a popular type of short-term cash advance. They are designed to provide borrowers with quick access to funds to cover unexpected expenses or bridge financial gaps until their next payday. 

Payday loans typically have a short repayment term, often due on the borrower’s next payday, which is usually within two to four weeks. Borrowers can apply for payday loans online, making the process convenient and accessible.

These loans often come with high-interest rates and fees, making them a costly form of borrowing. These loans are subject to varying regulations depending on the country or state, and some regions have imposed strict restrictions on payday lending practices due to consumer protection concerns.

Credit Card Advances

Credit card advances allow cardholders to withdraw cash from their credit card account. This option provides quick access to funds but they typically come with higher interest rates compared to regular credit card purchases. Additionally, there may be a cash advance fee.

Interest begins accruing immediately on the cash advance amount, unlike regular purchases that often have a grace period.The borrowed amount, along with the accrued interest, is usually repaid as part of the credit card’s minimum monthly payment.

Merchant Cash Advances

Merchant cash advances are a financial option primarily available to businesses. They offer a lump sum of cash in exchange for a percentage of the business’s future credit card sales. 

Merchant cash advances are typically used by businesses that need quick capital for various purposes, such as expanding operations, purchasing inventory, or covering unexpected expenses. Repayment is linked to daily sales. The provider collects a fixed percentage of daily sales until the agreed-upon amount is repaid.

While merchant cash advances provide quick access to capital, they can be expensive in terms of the fees and the percentage of credit card sales that must be paid back. Some businesses find merchant cash advances appealing due to their flexibility, as repayments are tied to sales volume, which can be beneficial during slow periods.

How Can I Apply For A Cash Advance Loan?

If you are approved, and sign quickly for your loan, you could have your money the very same day.*

Step 1

Apply Online – Use our 100% free online form to apply in less than 5 minutes.

Step 2

Instant Decision – You will receive an instant decision on screen from one of our lending partners who will offer the best rates.

Step 3

Receive Money – You have already provided your bank account details so within 1 hour, the same day or the next business day you will get your funds.

Where Can I Get A Cash Advance In The US?

Capital Bean is a loans connection service that works with brokers all over the country. We work across all the states where cash advances are legal such as Alabama, California, Colorado, Illinois, Indiana, Iowa, Kentucky, Louisiana, Ohio, Tennessee and Texas.


Why Would I Need A Cash Advance?

  • Medical Bills: Covering unexpected medical expenses or emergency medical procedures.
  • Car Repairs: Paying for urgent vehicle repairs to ensure reliable transportation.
  • Home Repairs: Addressing critical home repairs or maintenance issues.
  • Utility Bills: Preventing the disconnection of essential utilities like electricity, water, or gas.
  • Heating or Cooling: Maintaining heating or cooling services in extreme weather conditions.
  • Travel: Dealing with unexpected travel expenses, such as last-minute flights for family emergencies.
  • Funeral Costs: Covering the costs associated with a sudden loss in the family.
  • Groceries: Ensuring access to food and essentials for a family in a tight financial situation.
  • School Supplies: Purchasing school supplies for children during the back-to-school season.
  • Work-related Expenses: Paying for work-related expenses, such as tools or uniforms, necessary to maintain employment.
  • Payroll Delays: Bridging the gap when there are delays in receiving a regular paycheck.
  • Freelancers or Gig Workers: Addressing irregular income for freelancers or gig economy workers between projects.
  • Preventing Overdrafts: Using a cash advance to avoid costly overdraft fees on a bank account.
  • Legal Fees: Covering legal fees associated with unexpected legal matters.
  • Security Deposits: Paying security deposits for housing or utilities when moving to a new location.
  • Dealing with Unexpected Expenses: Managing unexpected expenses that can’t be postponed, like a broken refrigerator or a leaking roof.
  • Preserving Credit: Using a cash advance to avoid late payments on other financial obligations to preserve one’s credit score.
  • Inventory Purchase: Obtaining funds to purchase additional inventory during a busy season.
  • Equipment Repair or Replacement: Covering the costs of repairing or replacing crucial business equipment.
  • Expansion or Renovation: Financing business expansion or renovation projects.


What Are The Eligibility Requirements For A Cash Advance Loan?

Every lender has a slightly different way to calculate eligibility but there are some questions that every lender will ask. All of our partners have similar criteria and include the following listed below.

  • Have a steady income of at least 800 plus dollars per month
  • Be over 18 years of age
  • Be a citizen of the United States
  • Be able to afford repayments 
  • They do consider those with bad credit rating

Can I Get A Cash Advance With Bad Credit?

Yes, some lenders will give you a cash advance even if you have a very bad credit score. Capital Bean makes sure to have a wide range of lenders on our panel that work with several different backgrounds. We always have a few lenders on our panel that lend money to those with imperfect credit scores.

When you fill out our online form, you don’t have to have a great credit score. Some of our lenders have different eligibility criteria and take into account different factors that include;

  • The amount of money you make each month
  • Your employment status – full-time or part-time
  • The total amount you’ve asked to borrow
  • Your age
  • Monthly income

When combined, these questions help a lender decide whether they’re comfortable lending to you.


Alternatives to Cash Advance Loans

  • Emergency Savings Fund: Ideally, everyone should have an emergency savings fund to cover unexpected expenses. If you don’t have one, start building it as soon as possible.
  • Personal Loans: Personal loans from banks, credit unions, or online lenders often have lower interest rates and more favorable terms compared to payday loans. These loans can be used for various purposes, including debt consolidation, medical bills, or home repairs. They can be harder to obtain, especially if you have bad credit or no credit history.
  • Credit Cards: If you have a credit card, you can use it for short-term cash needs. While credit cards may have higher interest rates than personal loans, they often have lower rates than payday loans.
  • Borrowing from Family or Friends: Consider reaching out to family members or close friends for a loan. Be sure to discuss and formalize the terms of repayment to avoid misunderstandings.
  • Paycheck Advances or Employer-Based Loans: Some employers offer paycheck advances or loans to their employees as a benefit. 
  • Community Assistance Programs: Many local community organizations and charities offer financial assistance or resources to help individuals facing financial crises. These programs can provide help with bills, groceries, and other essential expenses.
  • Peer-to-Peer (P2P) Lending: P2P lending platforms connect borrowers with individual investors who are willing to lend money. Interest rates can be competitive, and the application process is often straightforward.
  • Installment Loans: Installment loans from reputable lenders offer longer repayment terms and lower interest rates compared to payday loans. These can be a better option for larger expenses.


Advantages of Cash Advance Loans:

  • Quick Access to Funds: Cash advance loans are known for their speed. They can often provide funds within a short period, which can be crucial in emergency situations.
  • No Credit Check: Payday loans, in particular, may not require a traditional credit check. This can be advantageous for individuals with poor credit who might not qualify for other forms of credit.
  • Easy Application Process: Applying for cash advance loans is typically straightforward, especially when done online. Minimal documentation is usually required.
  • No Collateral Required: Most cash advance loans are unsecured, meaning borrowers don’t need to put up collateral to secure the loan.


Risks of Cash Advance Loans

  • High Costs: One of the biggest drawbacks of cash advance loans is their potential high cost. They often come with steep interest rates, fees, and charges, making them an expensive form of borrowing.
  • Short Repayment Terms: Cash advance loans, such as payday loans, usually have short repayment terms, often requiring full repayment on the borrower’s next payday. This can lead to financial strain if the borrower is unable to repay on time.
  • Debt Cycle: Due to the high costs and short repayment terms, some borrowers may find themselves in a cycle of borrowing to cover previous loans, leading to a cycle of debt.
  • Predatory Lending Practices: The cash advance industry has faced criticism for predatory lending practices in some cases. Borrowers should be cautious and review loan terms carefully.
  • Impact on Credit Score: While payday loans may not initially affect your credit score since they often don’t require a credit check, failing to repay them can result in negative consequences for your credit.
  • Limited Loan Amounts: Cash advance loans typically offer smaller loan amounts compared to other types of loans, which may not be sufficient for larger financial needs.
  • Regulatory Issues: The regulatory environment for cash advance loans varies by jurisdiction. In some places, there are strict regulations in place to protect consumers, while in others, the industry may be less regulated.


Laws and Regulations Around Cash Advance Loans

Federal Regulations

The CFPB plays a significant role in regulating and protecting consumers in the financial marketplace. While the CFPB doesn’t set specific interest rate caps on payday loans, it does have authority to enforce rules related to payday lending practices and ensure that lenders are transparent in disclosing loan terms and fees.

State Regulations

  • State Bans: Some states have banned payday loans and other forms of high-cost cash advance loans altogether. These states typically have stricter regulations or consider such loans predatory.
  • Loan Amount Limits: Many states impose restrictions on the maximum loan amount that can be offered to borrowers. For example, California limits payday loans to a maximum of $300.
  • Finance Charges: States may also set limits on finance charges, which are the fees lenders can charge on top of the loan principal. For instance, Florida allows a maximum finance charge of 10% of the total loan amount plus a $5 verification fee.
  • APR Caps: States often impose caps on the Annual Percentage Rate (APR) that lenders can charge. APR includes both interest and fees, providing a standardized way to compare the cost of loans. For example, Texas has an APR cap of 662% for payday loans.
  • Repayment Terms: States may specify the maximum repayment term for cash advance loans. These terms can impact the overall cost of the loan.
  • Licensing and Registration: States typically require payday lenders and other cash advance providers to be licensed and registered to operate within their jurisdiction.
  • Rollover and Renewal Restrictions: Some states limit the number of times a payday loan can be rolled over or renewed to prevent borrowers from falling into a cycle of debt.
  • Database Checks: Certain states require lenders to check a statewide database to ensure that borrowers don’t have outstanding payday loans from other lenders, which can help prevent borrowers from taking out multiple loans simultaneously.
  • Income-Based Limits: In some states like Illinois, the maximum loan amount may be tied to the borrower’s gross monthly income.


See Also:


Resources For Struggling Borrowers

Frequently Asked Questions About Cash Advance Loans

How Does an Instant Cash Advance Work?

A bad credit loan enables those with a poor or very bad credit score to borrow money. These loans will usually have higher interest rates than other loans to reduce the risk of borrowers not making repayments.

Typically, your credit score determines whether or not you can receive a loan, with bad credit making you less likely to qualify successfully; however, there are a growing number of lenders willing to provide loans for those with a bad credit history.

If you have a poor or less-than-perfect credit score, it does not mean that you are ineligible to apply for a loan, even if you have been declined in the past or have defaulted on prior loans. However, you may be subject to different loan terms or interest rates. You may also be required to secure the loan using collateral, for example, having to take out a title loan or car loan.

How Does A Bad Credit Loan Work?

These loans are like regular loans, but they have higher costs because they’re riskier for the people giving the money. If someone has a low credit score, they can ask for these loans and use them to pay for emergencies or put all their debts together.

How Much Does A Bad Credit Loan Cost?

The cost of a bad credit loan will depend on the lender and your financial profile. Typically, bad credit loans come with high APR, with the average title loan or payday loan product charging an interest rate of between 300-600% APR.

The APR calculates interest as an annual rate, as if the product were to last for the entire year. However, these loan products tend only to be short-term, lasting just a few weeks or months.

How Do I Know If I Have Bad Credit?

If your credit report shows defaulted payments, heavy debt or negative repayment histories, this demonstrates risky borrowing behavior and could mean that you have a very bad credit score; however, credit scores are based on a combination of factors.

Information from credit reference bureaus like Equifax, Experian, and Transunion can help you if you think you have a bad credit score. This is a paid service but you can request a free trial which will tell you your credit score.

Who Offers Bad Credit Loans?

Different places like banks, websites, and other places give out these loans. Some places are really good at giving loans to people with low credit. If someone needs a loan and they have bad credit, they can find one online or in stores in their neighborhood.

What Are The Interest Rates With Poor Credit?

Interest rates for these loans are usually higher than regular loans because they’re riskier for the people giving the money. Online, the rates can be different based on who’s lending the money, how much is borrowed, how long you have to pay it back, and the borrower’s credit score. Loans that have something valuable as a backup, like a car, might have lower rates, but they’re riskier for the person borrowing the money.

Am I Eligible For A Bad Credit Loan?

You must meet the following requirements to get a bad credit loan:

  • A U.S citizen
  • 18 years or older
  • Minimum monthly income of $800
  • Have a cell phone
  • Able to afford monthly repayments
  • We consider bad credit histories
  • Have an open checking account to receive your money

Can I Use My Loan For Emergencies?

Yes – you can get instant approval for a bad credit loan and you can use them on emergencies. We know that unexpected expenses will happen – whether you need money to fix your car, a loan to pay for hospital bills, or to help you pay off your bills – then we can help. If you need $500, $750 or even $2,000 we can get you an emergency loan to help you through to the next payday.

As humans, we will always try to save money if needed in an emergency, but sometimes those unexpected bills throw you off and mean you need extra money. It’s called an emergency because it is exactly that, unexpected! If you knew it was coming it wouldn’t be an emergency. Let Capital Bean get you the money you need to get you back on your feet.

Even if you have bad credit we can match you with lenders that can help. We will match you with someone who works with all types of credit and even considers very bad credit applications. When it is an emergency loan we know that you’ll need speedy cash and that is why our application only takes 5 minutes. And you can sometimes get the money in your bank account the very next day.

Can I Get A Loan With Very Bad Credit?

Yes – you can still get a loan even if you have a very bad credit score. At Capital Bean we work with specialist lenders that consider all credit scores. These lenders can help you take out a loan of up to $5,000 even if you have a bad credit score, taking into account other factors such as employment status, income, living status and the purpose of your loan.

Bad credit loan companies are used to working with struggling financial profiles so tend to be more lenient about the requirements. Regardless of whether you have had missed payments in the past, if your current situation is stable (for example you have a steady income and commit to repaying your loan), they are likely to consider your application.

What Are The Fees For A Poor Credit Loan?

For online loans with low credit, there might be some extra costs like fees for starting the loan, fees if you pay early or late, and other charges. It’s really important to know about all these costs before saying yes to a loan, especially if you have bad credit.

What Is The Late Payment Fee For Loan For Bad Credit?

If you pay late, there might be a fee. This fee can change based on your loan, who’s giving you the money, and your past with money. Different loans and lenders have different fees, so it’s good to know what they are.

What Types Of Bad Credit Loans Are There?

There are a few options available for borrowers with bad credit including:

How Long Do Bad Credit Loans Take To Be Approved?

It is possible to get a quick loan and it depends on a number of factors. Many bad credit loan companies can offer same-day loans and a 100% online application. This means that often, in just 24 hours, you can apply, be approved and receive funds.

Usually, smaller amounts are faster to be funded and can be done in as little as 1 hour, depending on the company. Often larger amounts such as $1,000 or $2,000 will need longer to process as the lender may need to check that your income information is correct before approving funds.

If your bad credit loan is a secured loan, the lender will need to check the details of your collateral which may delay the process by a day or two.

How Can I Get A Fast Loan With Bad Credit?

It is possible to get a quick loan and it depends on a number of factors. Many bad credit loan companies can offer same-day loans and a 100% online application. This means that often, in just 24 hours, you can apply, be approved and receive funds.

Usually, smaller amounts are faster to be funded and can be done in as little as 1 hour, depending on the company. Often larger amounts such as $1,000 or $2,000 will need longer to process as the lender may need to check that your income information is correct before approving funds.

If your bad credit loan is a secured loan, the lender will need to check the details of your collateral which may delay the process by a day or two.

What Are The Repayment Options For A Bad Credit Loan?

How you pay back the loan depends on the rules of the loan and who gave it to you. Some loans need you to pay the same amount every month, while others let you pay when you can. It’s important to know how you have to pay it back and make sure it fits with your money situation.

How Long Can I Borrow A Loan For?

At Capital Bean, you can borrow to be repaid over a maximum period of 5 years. Some of our shortest loans are repaid in 2 weeks depending on the amount.

Are Bad Credit Loans Legal?

Yes – in most US states bad credit loans are legal. Some states, however, have laws against payday loans or strict regulations in place. Check out our state pages for more advice and information specific to your location. Make sure you are aware of payday laws and acts where you live before applying.

Can I Improve My Credit Score With A Bad Credit Loan?

If you pay a bad credit loan on time, it might help make your credit score better in the long run. But, before getting the loan, make sure you can afford it and that it won’t hurt your budget.

What Alternatives Exist For Bad Credit Loans?

Other choices do exist. You can borrow money from family or friends, use a credit card that needs something valuable as backup, combine your debts into one loan, get help from places that give advice on credit for free, or look into ways to put all your debts together or settle them.

Is There A Maximum Debt-To-Income Ratio For Poor Credit Loans?

A good Debt-To-Income (DTI) ratio for any loan is 35% or less. Lenders who work with people with bad credit might be more flexible about this ratio. It’s a smart idea to ask this question when you’re looking at lenders for your loan.

Are There Best Practices For Paying Back A Loan?

It’s important to only take a loan if you can repay it on time. After getting the loan, setting up automatic payments is a good idea. Also, always check your account to see how much you owe, the interest adding up, and any extra fees.



Editor’s Note

The importance of considering all available options before selecting a quick loan solution, whether it be a cash advance loan, installment loan, or credit card, cannot be overstated. Such financial decisions carry significant implications. 

While these options can provide prompt access to funds during emergencies, they frequently entail substantial fees. Therefore, a thorough evaluation of all options is imperative when seeking a cash loan.

Capital Bean connects you with online loans as a more cost-effective and manageable substitute. By offering flexible repayment terms and a dedication to enhancing borrowers’ financial well-being, Through careful comparison of quick cash alternatives and informed decision-making, individuals can actively strive for a more promising financial future.