Get Emergency Cash Loans Today with Capital Bean - and Receive Funds within 1 Hour of Approval!

Wherever you live in the USA we can help you get an emergency cash loan now. Use our online form today and get your Apply now and get get your money within 24 hours or the next business day.

Representative Example:
On an assumed loan amount of $750 over 12 months. Rate of interest 292% (fixed). Representative 171%APR. Total repayment amount $1351.20 and total interest is $601.20. 12 monthly payment of $112.60.*

What are emergency cash loans?

Emergency cash loans are a type of short-term lending for those who need to access cash urgently. This may be unexpected home repairs, car breakdowns or unanticipated medical emergencies, amongst other things. Emergency loans can be approved quickly so that an urgent costs can be covered as soon as possible.

There are many different types of emergency cash loans available, the majority of which operate on a short-term basis with high interest rates and fees.

Most emergency cash loans can provide funds directly to the borrower’s account within just a few business days of being approved; some services can provide funds within 24 hours of approving the loan application.

What can emergency cash loans be used for?

Emergency cash loans are suitable for users who are met with unexpected costs and who need quick access to funds. Common uses of emergency cash loans are unexpected costs such as unanticipated medical bills, funeral expenses should someone die or home or car repairs.

However, there are other reasons why you might need an emergency cash loan. Many users use this type of loan for ongoing bills that they may not otherwise be able to cover. This might be expenses such as rent and mortgage payments to prevent late or defaulted payment, utilities expenses to stop your utilities companies, such as power, gas or phone companies, from cutting off your services or tuition payments to ensure that payment obligations are met on time.

In some cases, emergency cash loans are even used to cover large costs such as weddings or vacations.

There are some emergency cash loan lenders who have restrictions on what borrowers may use the loan for.

What types of emergency cash loans are there?

There are many different types of emergency cash loan available. These include the following:

Payday loans

Many payday lenders offer emergency cash loans with short-term loan terms (usually around two weeks). In the contract, it will typically state that the borrower will need to repay the loan in full on their next payday. However, in addition to paying back the full principal amount, borrowers will also need to pay interest at this time. Payday loans are notorious for their sky-high interest rates (commonly up to 400% APR). Consequently, if you are in a financial bind, payday loans may cause more harm than good.

Personal loans

Personal loans are a type of unsecured loans meaning that you do not need to put up any collateral. For that reason, the amount you can borrow is typically less than with secured loans. The majority of personal loans operate with a monthly repayment scheme which will be determined, along with the length of the loan term, by the lender and borrower before the loan is approved.

Home equity loans

Homeowners have the option of using a home equity loan or home equity line of credit, which is a type of secure loan which uses your house as collateral. Due to the low risk for the lender, loan terms are typically agreeable including fairer interest rates and a longer repayment period. However, if you default the loan it means the lender could repossess your home.

Credit card cash advances

Those who have a credit card and need fast access to funds may be able to take out a cash advance. They can usually do this at a bank, credit union or at an ATM and will provide them with instantaneous funds.

However, cash advances usually incur an expensive upfront fee as well as high interest rates. Additionally, if your cash advances cause a surge in your credit utilization rate, it can negatively impact your credit score.

Title loans

Title loans are a type of secure emergency cash loan enabling borrowers to use their vehicle as collateral.

With title loans, the lender will hold on to your car title and will lend you a certain amount of money. In the meantime, you are still able to use your car. However, if you default on any loan payments, the lender could repossess your car.

Although they provide quick access to funds, they also incur high interest rates and the risk of potentially losing your vehicle should you default payments.

How can I apply for an emergency cash loan?

Before applying for an emergency cash loan, you should decide what type of loan you are looking for. This will depend on your credit score and personal financial situation. For example, if you have a poor credit score, you may be limited to certain lenders.

You should also take into account the different interest rates and fees for the different types of emergency cash loans.

When applying, make sure to have key documents available including identification, social security number and proof of employment or income. It is also advisable to compare lenders before submitting an application; prequalifying enables you to compare rates.

There are many online lenders offering quick applications for fast cash loans. Usually you can apply online, from the comfort of your home or on the go, and complete the application in a matter of minutes.

Usually, decisions can be made instantly or within hours and, if approved, you can receive funds directly into your checking account within the next business day.

can-i-get-a-payday-loan-in-californiaThe right partner

Capital Bean only ever works with trusted lenders so we can guarantee responsible lending. With hundreds of different lenders available across Colorado, we can analyze your application and make sure we are finding the right lender and the best loan product for your personal circumstances.

search-will-never-impact-credit-historyNo impact on your credit history

Capital Bean will use soft credit checks to assess your finances which will never leave a visible footprint on your credit history. We look at factors other than just your credit history in order to determine your creditworthiness. This means that even if you have a poor credit score, you can still be considered for a loan.

responsible-lending

Responsibility

Capital Bean is a broker rather than a direct lender. This means that we do not supply the funds directly but instead match you with the best lender for you. Even if you have poor or bad credit, we will always try and help you find access to funds.

Where can I get an emergency cash loan?

If you are serious about taking out an emergency cash loan, there are a few different key providers:

Online lenders

The products offered by online lenders will vary between providers; some will only offer personal loans but others have options for shorter-term loans such as emergency cash loans. Different lenders will have different eligibility criteria which you should always check before applying.

Online lenders tend to only run hard credit checks after a loan has been approved and accepted. This means that unlike other loan providers, exploring options with an online lender is unlikely to impact credit score.

Additionally, online lenders tend to be able to process the loan quicker than traditional lenders making them a better option for those in need of quick funds. However, as a result of this, they will usually come with higher interest rates.

Banks

Depending on your credit rating, you may be able to receive emergency funds from your bank. In general, banks tend to minimise their risk meaning that they will only approve your loan if you have an exemplary credit rating. Additionally, banks may take longer to approve the funds (sometimes days or even weeks).

Credit unions

If you are a member of a credit union, you can usually get a loan with favourable terms, even if you have a less-than-perfect credit score. However, the amount that you are able to borrow is usually smaller than other loan providers.

How can I get emergency cash without taking out a loan?

There are different options available for those looking for fast cash but who are worried about taking out a loan. These alternatives are typically cheaper than taking out a high-cost emergency cash loan.

Borrow from friends and family – borrowing money from friends and family can save you money on high interest rates. If you are choosing this option, make sure that you agree on a repayment plan and that all parties involved know exactly how much is being borrowed and when it will be repaid.

Cash advance app – there are many cash advance apps available which allow you to advance a small amount of your paycheck before payday.

Nonprofits, charities and religious organizations – do your research to see if any local organizations may be able to help you gain access to fast cash before entering a high-cost loan agreement. They may also be able to offer you advice.

Pawnshop loan – use something you own as collateral to secure a pawnshop loan.

FAQs for Fast Cash Loans

What’s the maximum and minimum I can borrow?

Payday loan amounts range from $100 to $35,000.

If I have bad credit can I still get a payday loan?

Absolutely, yes. Capital Bean works with a wide range of people with different credit histories. This also includes those that have a bad credit history or score.

What’s the maximum and minimum duration of a loan?

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.

Is Capital Bean a lender?

Capital Bean is a broker, meaning that we will not pay you the funds directly but instead work with our panel of lenders to get you the best possible rate in the US. We will pass your details on to the lender that is best suited to your circumstances. This means the best interest rates and best repayment terms.

How much does it cost to submit a payday loan?

There are no fees to submit a payday loan request in Colorado via Capital Bean’s online application service.

How quickly can I get the funds through?

If you’re approved you could have the funds in as little as an hour. So if you’re looking to get money through on the same day then Capital Bean could be the right partner for you.