Payday Loans and Cash Advance in Midtown, Sacramento
Legal, capped at $300 and a 15% fee in California. What a short month looks like in Midtown, the rules that apply, free help close by, and how to request a cash advance online from anywhere in Sacramento.
Midtown is the part of Sacramento's street grid east of 16th Street: Victorian houses, tree-lined blocks and a growing number of loft buildings. Lavender Heights, around 20th and K, is the city's gay and lesbian district, Sutter's Fort covers two blocks at 27th and L, and the Second Saturday art walk pulls thousands of people through every month. The Gold Line runs along R Street, and the J Street bus crosses the whole neighborhood.
A $500 gap in Midtown is often the rent itself, or a deposit when a building changes hands and you have to move. A California payday loan tops out at $255 in cash for a $45 fee, so it covers about half, and the full $300 is due within 31 days.
Midtown at a Glance
Officially, Midtown runs from J Street to R Street and from 16th Street to 30th Street, just east of downtown. The name is commonly used for a wider area: Broadway to the rail lines near C Street, 16th Street to Alhambra Boulevard. J and L streets carry SacRT route 30, and R Street carries the Gold Line.
- ZIP codes: 95811, 95816, 95818
- Main corridors: J Street, K Street, L Street, R Street
- Transit: SacRT's Gold Line stops at 16th Street, 23rd Street and 29th Street stations on R Street (the Blue Line also serves 16th Street), and bus route 30 (J Street) runs J and L streets between Sacramento State and downtown.
- City page: Sacramento cash advance rules, Census figures and ordinance
Midtown on the Map
How a Request Works from Midtown
There is no branch to visit. The form on this page goes to lenders licensed for California, takes about five minutes, and places no hard inquiry on your credit report. Any offer shows the amount, fee, APR and due date before you sign; funds usually arrive the next business day.
What It Costs Under California Law
| Rule | CA |
|---|---|
| Maximum amount | $300 face value of the check, including the fee (Fin. Code 23035), so $255 in cash at the maximum fee |
| Maximum fee per $100 | 15% of the face amount of the check, $15 per $100 (Fin. Code 23036); returned check fee capped at $15 |
| Maximum term | 31 days (Fin. Code 23035) |
| $255 for 14 days | $45 fee, 460% APR |
The full law, the regulator's phone number and the statute citations are on the California page.
Free Help Near Midtown
Ella K. McClatchy Library, 2112 22nd St., is in the southern part of greater Midtown and has public computers and a quiet area. Central Library, 828 I St., is a few blocks west of 16th Street. From anywhere in Midtown, the Sacramento rent, SMUD and credit counseling lines on this page work by phone.
- 2-1-1 Sacramento: Free 24-hour referral line run by Community Link Capital Region for rent, utility, food and shelter help in Sacramento County; also 916-498-1000 or 844-546-1464. Call 211 or visit 211sacramento.org/211.
- Community Resource Project (HEAP): Administers the Home Energy Assistance Program for Sacramento County households with SMUD, PG&E, propane or wood heating bills, plus free weatherization; utility assistance line. Call (916) 567-5200 or visit communityresourceproject.org.
- SETA Community Services (CSBG): Sacramento County's Community Services Block Grant program: case management, rental assistance, utility and food help through neighborhood agencies. Call (916) 263-3800 or visit seta.net/community-services.
- SMUD Energy Assistance Program Rate: Monthly discount on SMUD electric bills for income-qualified households; apply online or by phone. Call 1-888-742-7683 or visit smud.org/Rate-Information/Low-income-and-nonprofits.
- National Foundation for Credit Counseling: Locator line for nonprofit credit counseling agencies that offer free budget reviews and debt management plans. Call 877-360-6322 or visit nfcc.org.
Frequently Asked Questions
Can I get a cash advance the same day in Midtown Sacramento?
Sometimes, but timing depends on the lender and your bank, not on where in Sacramento you live. Whatever the speed, a licensed lender serving Midtown is held to California's limits: a check of up to $300, a fee of up to $45, and repayment within 31 days.
Are payday loans legal in Midtown Sacramento?
Yes. Sacramento has no local payday ordinance, so Midtown follows the California Deferred Deposit Transaction Law. A DFPI-licensed lender can hold a check of up to $300 for up to 31 days and charge up to 15 percent of it. Rollovers and a second open loan are not allowed.
What does a $300 payday loan cost in Midtown?
$45. That is the most a California lender can charge on a $300 check, which leaves you $255 in cash. Over a 14-day term the APR comes to about 460 percent, the same in Midtown as anywhere else in Sacramento. A bounced check can add one $15 fee.
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