Payday loans in Florence, AL
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Florence, AL.
The median household in Florence earns $52,174 a year, 18% below the Alabama median of $63,999. About 18% of residents live below the federal poverty line, and 47.9% of households rent their home. When an unexpected bill hits before payday, Florence residents can request $100 to $1,000 online in minutes.
Alabama law that applies in Florence
| Maximum loan | $500 per loan. |
|---|---|
| Fee cap | The fee may not exceed 17.5% of the amount advanced ($17.50 per $100). |
| Rollovers | One renewal or extension is allowed at the same fee, for a maximum of two continuous transactions. |
| Loans at once | A lender may not lend if your outstanding payday loans from all lenders would exceed $500. |
| Payment plan | After the first loan period and one rollover, the full balance is due. |
Full rules with statute citations: Payday Loans in Alabama. Cities in Alabama cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a payday loan in Florence
Lenders that serve Florence typically ask for the following:
- Be 18 or older (19 in some states) and a US resident
- A government-issued photo ID
- A steady source of income — a job, benefits or self-employment
- An active checking account in your name for the deposit
- A working phone number and email address
Popular loan amounts in Florence
What Florence borrowers use it for
handle the unexpected the same week
Rent duecover a short gap before payday
Need money nowthe fastest options online
Medical billspay a doctor, dentist or pharmacy bill now
Loans for your situation
How to get a payday loan in Florence
- Pick an amount and fill out the short form (about 3 minutes).
- We share your request with lenders in our network that serve Alabama.
- If a lender approves you, you'll see the fee, APR and due date before you sign.
- Funds are deposited to your bank account, often the next business day.
Estimate your cost
How much will I repay?
Alabama caps the fee at $17.5 per $100 (state law).
Estimate only. Your lender shows your exact cost before you sign.
Banks and credit unions in the area
Banks with branches in Florence
28 FDIC-insured bank branches from 15 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Bank Independent | 5 | 210 S Pine St, Florence 35630 |
| First Metro Bank | 4 | 325 S Pine St, Florence 35630 |
| FirstBank | 3 | 117 N Court St, Florence 35630 |
| Regions Bank | 2 | 321 N Seminary St, Florence 35630 |
| First Southern Bank | 2 | 201 S Court Street, Florence 35630 |
| PNC Bank, National Association | 2 | 412 N Court St, Florence 35630 |
| CB&S Bank, Inc. | 2 | 320 S Pine St, Florence 35630 |
| The Farmers & Merchants Bank | 1 | 11345 State Highway 20, Florence 35633 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Florence
15 credit-union locations from 7 credit unions.
| Credit union | Location |
|---|---|
| Florence | 1505 N Pine St, Florence 35630 |
| Listerhill | 301 W College St, Florence 35630 |
| Tva Community Credit Union | 406 N Mall Ct, Florence 35630 |
| Alabama Central | 1902 Bruin Dr, Florence 35630 |
| Valley | 304 S Pine St, Florence 35630 |
| Champion Community | 2112 Helton Dr, Florence 35630 |
| Lauderdale County Teachers | 103 Mangum St, Florence 35630 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Lauderdale County · Personal Loans in Florence · Title Loans in Florence
Frequently asked questions
Can I get a payday loan in Florence, AL?
Payday loans ("deferred presentment") are legal in Alabama from lenders licensed by the State Banking Department under the Deferred Presentment Services Act, Ala. You can request one online from Florence through our network; approval and terms are set by the lender.
How much can I borrow with a payday loan in Florence?
$500 per loan.
How much does a $300 payday loan cost in Florence?
At Alabama's cap of $17.5 per $100, the fee on $300 is $52, so you would repay $352 on your due date.
How fast can I get a payday loan in Florence?
The form takes about three minutes and many lenders decide within minutes. If you're approved and sign before the lender's cutoff, funds are often deposited the next business day.
Is a payday loan the same as a cash advance?
The terms are often used interchangeably. A payday loan is sometimes called a cash advance because it advances money against your next paycheck. A credit card cash advance is different: you withdraw cash against your card's credit limit, which requires available credit on a card. If you don't have card credit to tap, a payday loan through our network is a fast option. Check your options in about 3 minutes.
Is a payday loan installment or revolving credit?
A traditional payday loan is neither. It's a single-payment loan: you borrow a set amount and repay it, plus the fee, in one payment on your due date. An installment loan spreads repayment over several scheduled payments, and revolving credit, like a credit card, lets you borrow repeatedly up to a limit. Depending on Alabama rules, lenders may offer payday or installment options. Compare them in about 3 minutes.
Do payday lenders in Florence check your credit?
Most payday lenders check something, but it often isn't a traditional credit report. Many focus on income and banking history and may use alternative credit data or a soft check instead of a hard pull from the major bureaus. Each lender sets its own process and will tell you what it reviews. Submitting our form is free, and you can see if you qualify in about 3 minutes.
How do I get a payday loan in Florence, AL?
Have a few basics ready: a government-issued ID, proof of regular income, an active checking account, and a working phone number and email. Then complete our secure online form. Lenders review your request, and many give a decision within minutes. If you're approved, you'll see the full terms before signing. Most Florence borrowers can finish the form in about 3 minutes.
Where can I get a payday loan in Florence?
You can visit a storefront in Florence or request a loan online without leaving home. Our free form sends one request to multiple lenders in our network, so you don't have to apply store by store. If a lender makes you an offer, you review the terms and decide whether to accept, with no obligation. It takes about 3 minutes to see if you qualify.
Do I need to visit a store in Florence?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.