Knowing Your Options: Three Ways You Can Get Money Quickly When You Need It

If you find yourself short on money before your next paycheck, don't stress yourself out too much. There are plenty of options available where you can get a small influx of cash that can help you out of whatever financial straits you are currently facing. 

Payday Loans

Payday loans, also known as cash advances, are one of the quickest and easiest ways to get money when you desperately need it. You don't have to go through a long approval process like you would at a bank and once you're approved, you can expect to have the money deposited into your account in less than 24 hours.

Whether you choose to go with a local store or one of the many online payday loan services, most lenders won't allow you to take out more a loan more than a couple thousand dollars. You should also be aware that payday loans usually come with slightly higher interest rates, so you need to be prepared to pay them back as soon as possible.

Pawn Shops

A lot of people don't know about pawn shops originally operated. While many might view pawn shops as a place to find cheap, used items that previous owners have sold to the store, the initial purpose of pawn shops were to act as facilitators of small loans.

Say you only need a small amount of cash (let's say $200) in order to pay an upcoming bill. What you'll then do is take one of your possessions, usually jewelry, electronics, and other items of significant value, and offer it as collateral to the pawn shop.

The store will then give you the money you need and will then keep the item. Once you pay back the loan (along with interest), you'll get your possessions back. It's simple, easy, and incredibly convenient.


Most people go to the bank if they're looking to apply for a mortgage or car loan. The past several decades, however, several independent organizations known as microlenders have been more willing to allow customers to apply for small loans (more commonly referred to as microloans).

There are essentially two types of microloans; one you get through a credit union or traditional bank and one you have to apply for through the United States Small Business Administration (SBA). The SBA reports that the average approved microloan is roughly $13,000 dollars, but you can also apply for a loan as small as $500 if that's all you need. EZ Loans Inc is an example of a local company that offers small loans.

Whether you need a small loan to start your own business or just need some money to get you to the end of the month, all of these options are quick and easy ways for you to get the money you need!