How it Works

Business Loans

We make the process of connecting you with a lender very simple so you can get the funds your business needs. To begin the process we will need to get a bit of information about you and your business. This should take as little as a few minutes to finish and does not require much information to get started.

There is no fee for filling out a form to connect with a lender. Any fees or additional requirements will come from the lender. Although we don’t know how your relationship with a lender goes after we connect you, the loan or financing terms should be outlined by your lender so you won’t be caught by surprise. There is also no obligation when you fill out one of our forms. If you don’t see a loan or financial product that meets the conditions you were hoping for, then you can still look elsewhere without being charged any extra fees.

Once you have given us your information we will search through our network to connect you with an approved lender. This will include looking at how much money you are asking for, the type of loan or financial product you need and your eligibility. This will be based on the criteria that the different lenders ask for from their clients.

Once you are connected with a lender, you may start your loan or financing process as soon as you desire. We are here to help you get the money you need to grow your business.

 

Payday Loans (USA)

Requesting a payday loan is easy with LoanCellar.com. Fill out one easy form on LoanCellar.com and your inquiry will be submitted to our network of payday loan lenders. Payday loans range between $100 to $1000 without having to leave the comfort of your home. All you’ve got to do is to fill out the inquiry form online at our website and then wait a minute as we match you to a vast network of lenders. Once it is approved you will then be redirected over to a lender’s page, where you should be able to find the terms (including rates and fees) of the loan. If you accept these terms you will then have the funds deposited to your bank.

Most lenders have the following requirements to be approved:

  • You should be employed at your preset job for a good 90 days.
  • You should be a US citizen, or a permanent resident over the age of 18.
  • You should have an income of around $1000 a month after tax deductions.
  • You will also need a checking account which is in your name.
  • You should provide working work and home phone numbers.
  • You should provide a working email address.

Quick Inquiry Process

A lender that you have been matched with will receive your inquiry within seconds. Lender will then contact you and will require additional information such as your fax number in order to fax you a few things and for you to fax them a few things such as your pay stub etc.

Send Cash Directly to You

After lender has been approved your application the loan will then be transferred to your checking account.

Private and Secure

We make use of the most secure and advanced encryption technology in order to protect your private data.

Automated Repayment

The loan fees and the loan will be withdrawn automatically from your checking account when it is due, so you do not have to do anything.

Late Payments

There are numerous cash advance lenders who are a part of our network but follow different late payment policies. It is up to you to read through and understand their policies prior to appending a digital signature in order to constitute your legal obligation to pay back the loan. However, the state laws in some places will determine how much late fees a lender can charge.

Loan Extensions

The state laws will determine if a lender can grant a rollover or an extension. There are some states that allow many rollovers and there are some that forbid this practice all together.

People who are late with their payment actually permit the lender to charge them late fees and make a request for immediate payment of the balance amount. If the person defaults, he or she is subjected to more fees as previously described in the agreement they signed. You should calculate your repayment before accepting the loan. Even though these loans are convenient they can cause lots of distress if not repaid.

Lenders belonging to Community Financial Services Association of America have been permitted to provide borrowers with an extended payment plan once every 12 months.

Loan Default

Lenders which are a part of LoanCellar.com’s  network will pursue collections after the due date has passed to the fullest extent of the law. There will be criminal charges in addition to fees which could apply if the loan is not repaid.

However, if the lender is a part of CFSA you’ll be saved being levied criminal charges on.

 

Payday Loans (Canada)

A cash advance is very easy to obtain. The cash flow problems you have will be in your past.

Here at LoanCellar.com we work with a variety number of lenders who are interested in your business. The application process is quick and simple with no hassles.

First thing you need to do is fill out the application and then send it to us. The entire application takes about 5 minutes to complete. Most people will receive approval right away. The approval is then transferred to the lender and you’ll get the specifics about your loan. The transfer to your bank account usually takes about an hour or less and it’s rare for the process to take 24 hours.

The process is easy.

The entire application process is very secure as the latest in technology is used to secure your data with us.

Here at LoanCellar.com we want to thank you for coming to see us and we look forward to working with you for all your cash flow needs.

 

Auto Loans

As soon as you complete our simple and secure online form, you may be contacted by one our authorized local dealers or lending partners who can help.

To get started with our quick and easy request process, please review the following steps:

  • From the homepage, select a loan option from the drop down menu
  • Fill out our short request top to bottom, then click “Submit”
  • Give us a minute to connect you with one of our authorized local dealers or lending partners that can help you get the auto loan you need!
  • That’s it, quick and easy. Enjoy your new car!

 

Personal Loans

Requesting a personal loan is easy with LoanCellar.com. Fill out one easy form on LoanCellar.com and your inquiry will be submitted to our large network of lenders. Loan amounts range from $100 to $35,000 (exact amounts vary based on lender programs and your state of residence). You can have a response from one of our lenders the same day, and often within minutes. Once your loan is approved, you will be redirected to the lender’s website where you can review the terms of the loan, including details about all the applicable rates and fees. If you accept these terms, the lender will deposit money directly into your bank account as quickly as the next day.

Most lenders have the following requirements to be approved:

To be accepted by most lenders in our network, you should:

  • Be employed at your present job for at least 90 days.
  • Be a US citizen or a permanent resident, and over the age of 18.
  • Have an income of around $1,000 per month after tax deductions.
  • Have a checking account in your name.
  • Provide a working telephone number for your home and work.
  • Provide a valid email address.

Quick Inquiry Process

Through our secure technology, we will find a lender in our network that is willing to take work with you based on the information you submit. Once we have a lender ready to work with you, that lender will contact you to get any additional information they might need (such as verification of employment, pay stubs, etc.).

Cash Sent Directly to You

After your lender has taken and approved your request, cash will be deposited directly into your bank account. That means you don’t have to take a trip to the bank to endorse and deposit a check or pay check-cashing fees.

Private and Secure

We use industry-recognized security and advanced encryption technology to protect your personal information.

Automated Repayment

If you authorize your lender to take payment via automatic withdrawals (known as “ACH transfers”), then your loan payments will be paid automatically directly from your bank account. This means each payment will be on time and you won’t have to worry about missing any payments or incurring any late fees.

Late Payments

Late payment policies can differ among lenders. Please make sure you read and understand the loan agreement and your lender’s late payment policy before accepting the loan. In some states, late fees may be limited by law. In other states, late payments may allow the lender to charge late fees and may accelerate the loan making it due in full immediately.

NOTE: Before agreeing to a loan, please make sure you can make your loan payments in full and on time. We support the responsible use of personal loans and recognize that nobody knows your situation better than you.

Loan Extensions

State law may limit or prohibit a lender’s ability to extend or “roll over” your loan. Consult with your lender if you need a loan extension.

Loan Default

If you can’t make your loan payments on time, you may be in default of your loan obligations. If that happens, your lender may try and secure repayment from you using debt collection methods that are professional, fair and in compliance with the law. Lenders should always follow the Fair Debt Collection Practices Act guidelines when attempting to collect loans in default. Late payments and loan defaults may adversely affect your credit and may make it difficult to obtain future personal loans.