Blog Post

What is a Cash Loan?

June 11, 2020

You may be wondering what a cash loan is. Well, a cash loan is usually a less significant amount of money that is loaned out to a person. It is expected to be paid back in the short-term rather than a few years for a long-term loan. Usually, there is a fixed interest rate and a pre-determined payback time frame that is agreed upon. 


You can typically take out a cash loan for a few hundred dollars or even a few thousand dollars. The maximums and minimums depend on where you are getting your loan from and what state you are located in. 


What you use your loan for is up to you. Most often, people will use a cash loan for an unexpected expense or bill. Many people also utilize one loan to consolidate debt into one easy to navigate payment. At the end of the day, it is your loan and you can use it for what you need it for. 


If you need cash fast, consider a cash loan and the benefits it may provide for you. A cash loan is usually not too difficult to acquire. And you can use the loan for whatever you need it for. If you need cash now, and a few weeks to pay it back, a cash loan may be the right option for you.


Receive Reliable Pawn Loans in the Heart of Odessa, TX



Big Tex Pawn Shop offers pawn and cash loans to those in the Odessa, Midland, Pecos, and Andrews, TX areas. Our pawn and cash loans are backed by collateral. Once we come to terms on a loan amount, you may take the cash, and we will keep your valuable item as collateral. You will have a set time frame to pay back the loan, with interest. When you pay back the loan, you will receive your valuable items back. We will work together to reach an agreement that satisfies our side as well as yours. If you would like to learn more about the cash loans that Big Tex Pawn Shop can offer to you, give us a call . Our team is proud to serve those across the Odessa, Midland, Pecos, and Andrews, TX areas. 

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