Loan Factory
2204 South Minnesota Avenue # 100
Sioux Falls, SD
(605) 332-3232
myloanfactory.com
What They Offer
When it comes to pay day loans, Loan Factory has many years of experience. As the company has been in business since for a decade, they have been around longer than most other online loan providers. They specialize in processing pay day loans as fast as possible. The borrower may be able to receive his funds the same day he applies for the loan.
There are only three steps in Loan Factory’s process. First, you need to complete the short application. Second, you will speak a customer service representative to confirm the information you have provided. The third step is to receive your money. Your loan will be in your bank account or you can leave the office with cash in hand.
This company offers borrowers the option of applying for a pay day loan over the telephone. You can apply at any time of the day or night.
Loan Factory does not have many requirements. If you have a job and a bank account, you can apply for a pay day loan. You can receive a loan regardless of your credit history, even if you have had a bankruptcy in the past. You also do not need any collateral to receive a pay day loan.
Where They Are Located
There are quite a few offices for Loan Factory in South Dakota and surrounding states. Borrowers who are interested in applying for pay day loans can begin the process by filling out the application on the website when it’s available.
Rates and Terms
As Loan Factory is a direct lender, they provide information about rates and terms for pay day loans. They state they deal with have low, reasonable rates. You will not be asked to sign a loan agreement until all of this information has been provided to you.
You can take as much time as you need to decide whether the rates and terms meet with your approval. You should think about the length of time you will have before the loan is due, as well as the total cost you will pay for the loan. If you have any questions about either of these issues, be sure to discuss them with your lender. Only sign the loan contract after everything has been answered to your satisfaction, and you know you can repay your loan on time.
Additional Information
Loan Factory has dozens of testimonials from their customers. The customers have many positive comments about every aspect of doing business with this company. From the prompt, efficient process of applying and receiving funds, to how helpful they found the customer service department to be, many satisfied customers have decided that Loan Factory is the best service for their immediate cash needs.
With these kinds of testimonials, it is easy to see why Loan Factory has been one of the midwest’s most popular services for pay day loans for a long time.
