When you’re in a financial bind, or you need funds to buy an important item quickly, securing a short-term loan is a superb option. A cash loan has an accelerated repayment structure allowing you to speedily to pay off the advance, opposed to several years, making it an ideal emergency payment or quick credit builder. Here are a few advantages of choosing a cash advance to help you decide if it’s right for you. 

4 Advantages of a Short-Term Loan

1. Quick Funds

During emergencies or when critical vehicle bills are due, time is of the essence. You want to pay them so you can continue going to work for your long-term cash flow.

Short-term loans are processed quicker than long-term loans. You won’t have to worry about taking multiple meetings with your bank and filling out long application forms. Short-term loan providers have easy same-day service. 

2. Minimal Commitment

The repayment structure on this type of loan is not drawn out—in most cases, you’ll pay back the advance in a few months. This minimal time commitment can be liberating as you won’t have to worry about shouldering the responsibility of loan payments for years. 

3. No Credit Needed

Unlike most traditional loans, payday loans require no credit check to receive the loan. In most cases payday loans are based solely on having current employment and a active checking account. So if you have no credit or bad credit you still have access to short term, small dollar loans.

Do you need a short-term loan immediately? If so, Advance U Cash is the ideal provider. The company has multiple locations throughout Boone County, KY. This quick loan provider has options that suit your financial needs. Call today at (859) 746-2274 to connect with one of their friendly, knowledgeable agents, and visit their website for more information on their fast, simple process for securing cash.