Very quick service. Needed an instant solution, and got it in-store.
February 18, 2026
Cash Loans Bear in Collierville, TN 38017
Business Hours:
Monday-Sunday: 8am – 10pm
Branch Manager:
Harley Parrish
Phone:
(901) 910-0781
Email:
harley.parrish@loansbear.com
Responsive team and transparent procedure. Everything went smoothly, and I finally paid my bill.
December 4, 2025
Quick loan decision and funding. I got approved the same day, exactly what I needed.
September 30, 2025
Fast response, less than 15 minutes. I got approved for a small online loan and got almost instant confirmation.
July 2, 2025
About Our Collierville Branch
Cash Loans Bear opened its store at 366 New Byhalia Rd #8 in 2021 to provide quick financial assistance without the hassles of traditional banks. We help Collierville residents get payday and personal loans. Our store is open daily from 8:00 AM to 10:00 PM, and you can also apply online from any device. We focus on your income and repayment ability, not your credit score, so borrowers with bad credit can still qualify.
Tennessee Payday Loans at a Glance
$500
Maximum combined face value of your payday checks in Tennessee.1 No more than two checks can be outstanding at once.
15%
Highest fee a payday lender can charge, as a share of the check amount.1 That’s $75 or less on a $500 check.
31 days
Longest a Tennessee payday agreement can last.1
$287
Average payday transaction in Tennessee in 2024.1 Lenders reported 937,400 transactions that year.
496
Licensed payday lending locations in Tennessee as of June 30, 2025.1 That’s down from 553 a year earlier.
Products & Services
For payday loans, Tennessee law caps the combined face value of your outstanding checks at $500, and the lender’s fee can’t be more than 15% of the check amount.1 That means a $500 check gets you up to $425 in cash, with a fee of no more than $75. These loans are regulated by the Tennessee Department of Financial Institutions. If you need more, installment loans may offer amounts up to $5,000. The exact amount depends on your income and our underwriting.
Borrowers often receive their funds the same day. However, it depends on when you apply and how quickly your bank processes the deposit. Money may also appear in your account by the next business day.
How Tennessee Loan Rules Compare
Tennessee sets different limits for each type of short-term loan. Here’s how the main options compare under state law.
| Loan type | Cost limit | Amount and term rules |
|---|---|---|
| Payday (deferred presentment) | Fee of up to 15% of the check’s face amount1 | Up to two checks at a time, $500 total face value; agreements of up to 31 days |
| Flex loan (open-end installment) | Interest of up to 24% a year, plus a fee of up to 0.7% a day on the average balance1 | Balance can’t exceed $4,000; no fixed repayment date required |
| Industrial loan and thrift (installment) | Interest of up to 36% a year on loans of $100 or more1 | Acquisition charge of up to 12.5% on loans of $100 to $2,000 |
| Title loan (title pledge) | Interest of up to 2% a month, plus a fee of up to one-fifth of the principal1 | 30-day loan that can be renewed; if you don’t repay, the lender can repossess and sell your vehicle, but you won’t owe any remaining balance |
Statewide rules as described by the Tennessee Department of Financial Institutions. Individual lenders set their own rates within these limits.
Tennessee updated its installment loan rules on July 1, 2025. Industrial loan and thrift lenders can now charge up to 36% a year on any loan of $100 or more, replacing the old caps of 30% on loans up to $5,000 and 24% on larger loans.1
Other Locations in Tennessee
- Bartlett, TN 5977 Stage Rd, Bartlett, TN 38134 (901) 979-7512
- Bristol, TN 621 Shelby St, Bristol, TN 37620 (423) 524-9307
- Jackson, TN 282 Parkstone Pl, Jackson, TN 38305 (731) 868-4104
How It Works
1
Simple Process
Apply online in just a few minutes.
2
Quick Approvals
Submit your application and receive a quick decision.
3
Instant Funding
Get funds sent directly to your debit card or bank account.
What You Need to Apply
- A government-issued ID
- Proof of income
- An active checking account
- Proof of address
- Your Social Security Number or ITIN
Additional documents may be required.
For more information about identification and lending requirements, visit the Consumer Financial Protection Bureau.
Your Rights as a Tennessee Borrower
The Tennessee Department of Financial Institutions licenses payday, title, and installment lenders and examines them for compliance with state law. In fiscal year 2025, those exams led to $133,083 in refunds to payday borrowers and $1,268,842 across all the lender types the department oversees.1
If you have a problem with a licensed lender, you can file a complaint with the department or call (615) 741-2236. In 2025, the department took an average of 12.43 calendar days to process a complaint.1
Explore Loans by State:
Why People Choose Us in Collierville
No hard credit check needed to apply
Fast approval decisions
Loans are available even with poor credit
Apply online or in our Collierville store
Same-day or next-day funding
A good alternative to title loans in Collierville, TN
Frequently Asked Questions
Yes. We primarily consider your income rather than focusing on your credit history. As a result, borrowers with bad credit may still be able to apply and qualify. Read more about our income-based loans to learn how approval may depend more on your income than your credit score.
You can apply for an online loan on our website at any time. Our loan process is very simple, so most borrowers complete it in just 5 minutes. A loan decision will be sent to you via email after a quick verification.
You can have no more than two payday checks outstanding at one time, with a combined face value of up to $500. The fee can’t be more than 15% of the check amount, and the agreement can’t last longer than 31 days.1 On a $500 check, that works out to up to $425 in cash and a fee of $75 or less.
Usually well below the legal maximum. Tennessee payday lenders reported 937,400 transactions in 2024, with an average size of $287.1 Because the fee is a percentage of the check amount, borrowing only what you need keeps your cost down.
Sources
-
Tennessee Department of Financial Institutions
2025 Annual Report — state small-dollar loan rules and data. 2025.
