From Application to Funding: Here's Exactly What Happens

How Our Loan Matching Process Works

We have made the process for getting a loan easier so that you can focus on fixing your financial issue rather than filling out applications at various lenders. This is how it works when you use SlickCashLoan:

Step 1: Complete One Application

Fill out the short, simple application that takes approximately 5 minutes. There are three main sections in the application: contact and identity information, employment information, and banking information. When you submit this application, we will send it to all of our 100+ lenders – you do not need to submit separate applications to each lender.

Step 2: We Match You With Lenders

Using an algorithm, we take the information you provided on your application and match you to lenders who best fit your profile. Each lender has its own set of qualifications and focuses on different things, for example, some lenders lend to people with credit scores as low as 350, while other lenders focus more on income; some lenders lend larger or smaller dollar amounts. The vast majority of lenders lend to people who make less than $2000 per month, although, as stated above, there are varying requirements.

As long as your income is stable and consistent, even if your credit score is lower than desired, we will prioritize lenders that place a greater emphasis on employment history and recent pay stubs, rather than relying solely on credit scores.

Step 3: Review Your Offers

Most applicants receive at least one offer, usually within minutes. If matched, you may be offered two options to choose from. In addition to seeing the loan amount and the interest rate, you will also be able to view the payment terms and total cost associated with the loan prior to making any commitments.

Be sure to read the APR and all fees very closely – this is where the true cost of borrowing is found. You are not obligated to accept either of the offers you receive.

Step 4: Accept and Get Funded

After accepting an offer, you will need to complete any additional verification processes required by the lender. Typically, once the lender verifies the information they require, the borrower will receive funding deposited into their bank account within 1-2 business days. Timing will depend on the lender and the bank's processing schedules.

What to Know Before You Apply

Loan Amounts and Availability

The lenders in our network can lend money from $100 to $5,000. The most common request we see is around $500, and the average funded loan is about $700. Your actual offer will be based on your state, income, and how much the lender thinks you are able to repay.

Our service is available in 47 states. We currently do not offer our services to residents of New York, Vermont, or West Virginia because of state lending regulations.

Credit Requirements

Many of the lenders in our network will consider income and repayment ability as well as credit history when approving a loan. Our lenders have approved borrowers with credit scores as low as 350-700+; many lenders in our network focus on income and repayment ability over credit history.

Important: When you first apply to one of our lenders, most lenders will make a soft credit check (this type of check does not affect your credit score). Once you accept an offer, this will trigger a hard credit check.

Short-Term Loans Require Planning

Short-term loans are for emergency or short-term needs, so the costs of those loans (APRs) can be very high. Make a solid repayment plan before borrowing. If you find that you are using these types of loans repeatedly, we encourage you to look at our Learning Center for ways to build credit to qualify for longer-term, lower-cost loan options in the future.

Want to know how much you can get? It takes less than 5 minutes to complete your application – and there is no obligation.

SlickCashLoan connects consumers with multiple lenders. Each lender has its own rules and will make an independent decision to approve your loan.