money now tennessee what is payday loan

Many people struggle to make their paychecks last the two weeks before they get paid again. Many struggle just to make ends meet. Perhaps they recently changed jobs and got behind, or life is just a day-to-day struggle right now. This is where a payday loan can help.

Money Now was founded in 1995 by a group of people who wanted to help those who just needed a few hundred dollars to pay some bills before payday came. We understand the frustration of not being able to get a traditional short-term loan from a bank or other financial institution, so we set out to change all that.

There are many misconceptions about payday loans. Below, we’ll go over what a payday loan is and how it can help you when you need cash fast. With offices in Alabama, Tennessee, Kentucky, and Mississippi, we can help. Visit a Money Now location near you today!


A payday loan was meant to help you make it to your next payday. This idea is not new. In fact, the first recorded use of what would be called a payday loan today was back in the 5th century AD with the specific intent of being short-term. However, lending others’ money has been around probably since the dawn of time, but at least in recorded history since the ancient Greeks and Romans 3,000 years ago. Let’s face it, the vast majority of us need a loan at some point in our lives to either get the things we want, like a home or car, or buy the things we need, like groceries and gas. These short-term loans will give you the cash you need to meet your expenses before your next payday.


When you apply for a payday loan, all you need is proof that you are employed (such as your most recent pay stub), your driver’s license and proof of social security number, and a pre-printed check. Payday loan amounts are usually small, but we can work with you if you need a larger amount on a case-by-case basis. We have certain criteria that we use to make these decisions.

Money Now’s application process is quick, and once approved, you can usually have the money by the next business day. We even can take all of your information over the phone, so you only have to come into our office one time to collect the funds. We charge interest on the amount that we lend, which is our fee. Oftentimes, payday loans are taken for only up to 30 days and are small, usually from $100 to $1500. We can work with you on the payment due date as well. You can either pay off the entire amount when you are ready, or you can roll the amount over into a new loan if need be.


Our instant payday loans can get you the money you need to pay your bills quickly until you get paid again. There is no credit check required for payday loans, so if you have bad credit, you can still qualify. We understand the difficulty of managing your bills, so we’re here to help. From our title loans and installment loans to our payday loans and cash advances, Money Now can help you meet your financial obligations. We are in four states (Alabama, Kentucky, Mississippi, and Tennessee) with multiple, convenient locations. Our team can answer all of your questions and help you find the loan product that is best suited to your needs Contact us today to get started!