Everything went great from applying to getting the funds. No single problem.
February 21, 2026
Cash Loans Bear in Peoria, IL 61614
Business Hours:
Monday-Sunday: 8am – 10pm
Branch Manager:
Brian Backer
Phone:
(309) 322 7412
Email:
brian.backer@loansbear.com
The final cost was clear, and that was exactly the amount I repaid. No hidden charges.
February 5, 2026
very easy loan process and super friendly staff
January 13, 2026
I got the funds in nearly two hours. It was very easy to apply and get approved
December 23, 2025
About Cash Loans Bear in Peoria, IL
Cash Loans Bear is a trusted loan provider. Our branch on N Executive Dr serves Peoria, a city of about 110,920 people and the center of a regional economy where healthcare is the largest employer, with more than 37,000 jobs at over 700 healthcare businesses.2
We offer fast approvals and work to provide competitive, transparent loan options. We consider applicants with less-than-perfect credit and follow Illinois lending regulations designed to protect borrowers, including limits on rates and clear disclosure requirements under state law.1 You can learn more through the Illinois Department of Financial and Professional Regulation.
Unlike many loan companies in Peoria, IL, we offer competitive fees, a welcoming environment, and same-day loan options. Visit our local branch today to experience the difference for yourself.
Products & Services
Payday loans are short-term borrowing options that help cover expenses between paychecks. You receive a lump sum and repay it by your next paycheck.
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An installment loan is a small- to mid-sized loan that allows you to spread payments over time. Instead of making a lump-sum payment, you repay the balance in scheduled installments.
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Credit in Peoria at a Glance
Less-than-perfect credit is common in Peoria County. At the end of 2025, about one in four residents with a credit file had a score below 660, a higher share than in neighboring Tazewell and Fulton counties.345 That is why our lenders look at your income and full credit history, not only your score.
Share of Residents with a Credit Score Below 660, Q4 2025
Percent of residents with a credit file, by county
Peoria County
25.0%
Will County
21.5%
Fulton County
20.4%
Tazewell County
19.6%
Bar scale: 0-30%. Source: Federal Reserve Bank of New York / Equifax Consumer Credit Panel via FRED, release of January 2026.3456 Scores on the Equifax Risk Score basis; FRED switched this series to VantageScore 4.0 in August 2026.
Other Locations in Illinois
- Edwardsville, IL 105 West Vandalia Street #140, Edwardsville, IL 62025 (618) 350-3868
- Rockford, IL 483 N Mulford St #100, Rockford, IL 61107 (815) 420-4277
How It Works
1
Simple Process
Apply online in just a few minutes.
2
Fast Approval
Submit your application and get 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.
Explore Loans by State:
Why Choose Cash Loans Bear
No hard credit checks – FICO rating not needed
Fast decisions and same-day loan options
Full transparency at every step of the way
Nearly 5 years of industry experience and
excellent customer support
Frequently Asked Questions
If you apply early in the morning, you can get the money on the same day. If you apply later, you should receive the funds on the next business day.
Yes, you can. Bad credit is not an obstacle. Instead, we review your credit history, DTI, and income, weighing them more heavily than the score.
Yes, you can apply online through our website. Simply complete a short application, get a quick decision, and if approved, receive funds as soon as the same or next business day.
You can use it to pay for any urgent, short-term expenses. Had an expensive hospital visit? Use an emergency loan to cover the expense. Or, if you have to go abroad on short notice, use the funds to pay for the trip.
36%. On March 23, 2021, Illinois capped the APR on all covered consumer loans at 36%, calculated under the Predatory Loan Prevention Act. The cap applies to payday loans, consumer installment loans, and motor vehicle retail installment loans.1 Loans taken out before that date with a higher APR still have to be repaid.
Search the lender’s name in the IDFPR license lookup before you sign anything. If a lender that needs an Illinois license makes you a consumer loan without one, you don’t have to repay the principal, interest, or any fees on that loan.1 You can report an unlicensed lender to the IDFPR Consumer Credit Section.
Yes. Ask your current lender about a no-cost extended payment plan first. Be careful with pawnshops: they are not covered by the 36% cap, and their rates can exceed 100% APR.7 If you own a business, Peoria County’s Government Assistance Program offers low-interest loans of up to $150,000 for up to 25% of a project’s cost. If you owe money to the City of Peoria itself, check whether you qualify for the city’s Debt Hardship Program.
Sources
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Illinois Department of Financial and Professional Regulation
Consumer Credit Section — state rate cap and licensing. January 2024.
-
City of Peoria
Annual Comprehensive Financial Report, Year Ended December 31, 2025 — local population and jobs. June 2026.
-
Federal Reserve Bank of New York and Equifax
Equifax Subprime Credit Population for Peoria County, IL — county credit scores. January 2026.
-
Federal Reserve Bank of New York and Equifax
Equifax Subprime Credit Population for Tazewell County, IL — county credit scores. January 2026.
-
Federal Reserve Bank of New York and Equifax
Equifax Subprime Credit Population for Fulton County, IL — county credit scores. January 2026.
-
Federal Reserve Bank of New York and Equifax
Equifax Subprime Credit Population for Will County, IL — county credit scores. January 2026.
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Federal Reserve Bank of Chicago
New Evidence on Where Payday Lenders Locate Their Storefronts (Chicago Fed Letter No. 496) — pawn loan rates. July 2024.
