Compare legal limits, fees and the true cost of small loans in your state before you talk to any lender. Compare legal limits, fees and the true cost of small loans in your state.
Payday loans in Lake City, Florida
Florida payday loan rules that apply in Lake City
- Max loan amount
- $500
- Min loan term
- 7 days
- Max loan term
- 31 days
- Finance charge cap
- 10% of check + $5 fee
- Max absolute fee
- $55
- Typical APR
- ~304%
- Rollovers (extensions)
- Prohibited
- Simultaneous loans
- 1 active loan
- Right to rescind
- Next business day
- Governing law
- Florida Deferred Presentment Act
- Regulator
- FL Office of Financial Reg.
Lake City at a glance
| Metric | Lake City | Florida | United States |
|---|---|---|---|
| Population | 60,704 | 21.9M | 332.3M |
| Median household income | $55,009 | $75,446 | $85,275 |
| Median rent | $936/mo | $1,604/mo | $1,432/mo |
| Income spent on rent | 28.4% | 35.8% | 31.6% |
| Homeownership | 68.0% | 67.2% | 65.4% |
| Poverty rate | 17.4% | 12.7% | 12.6% |
| Unemployment rate | 6.2% | 4.8% | 5.3% |
| Without health insurance | 13.8% | 11.9% | 8.6% |
| Veterans | 11.3% | 7.7% | 6.5% |
Source: U.S. Census Bureau, American Community Survey, by ZIP code. City and state figures are population-weighted averages of ZIP code data and are approximate.
Payday loan cost calculator for Lake City
Move the sliders to see what a payday loan would cost under Florida rules and how it compares with local incomes.
Florida maximum: $500
Florida maximum: $11
Rollovers are not allowed in Florida.
- Fee
- $55
- Total to repay
- $555
- APR
- 287%
- Share of a two-week household paycheck in Lake City
- 2.6%
Estimate only. APR = fee ÷ amount × 365 ÷ term. Lenders may charge less than the state maximum; actual terms vary.
What a payday loan costs in Lake City
- Fee on a $500 loan
- $55
- Share of a two-week household paycheck
- 2.6%
- Hours of work at the local median wage
- 3.7 hours
- Rollovers
- Not allowed in Florida
Example based on the Florida maximum fee for the maximum loan and local median incomes: two-week paycheck = household income ÷ 26, hourly wage = individual income ÷ 2,080. Actual terms vary by lender.
Lake City in context
- Population rank in Florida
- 82nd
- of 93 Florida cities with 50,000+ residents
- Median household income rank
- 88th
- of 93 Florida cities with 50,000+ residents
- Households earning under $25,000
- 21.9%
- ▲ 6.5 pts vs FL
- Median home value
- $175,719
- ▼ 49% vs FL
- Home value to income
- 3.2×
- A $400 emergency expense
- 2.7 days
- of median household income
Payday loan stores in Lake City, FL
Licensed storefront lenders in Lake City with addresses, phone numbers and hours. We do not rank or recommend any lender; confirm each company's license with the FL Office of Financial Reg. before you borrow.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 905 SW Main Blvd., #120 Lake City, FL 32025 | (386) 754-4023 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 4:00 PM Sun closed |
— |
| 2941 W US Hwy 90 #103 Lake City, FL 32055 | (386) 269-8080 | — | 5.0 |
| 163 SW Stonegate Terrace Ste. 101 Lake City, FL 32024 | (386) 758-3008 | — | 4.8 |
| 225 NW Commons Loop Ste 105 Lake City, FL 32055 | (386) 755-0021 | — | 4.0 |
Fast & secure payday loans in Lake City, Florida
Unexpected expenses can happen anytime. If you need urgent cash in Lake City, our service connects you with trusted, state-licensed lenders.
Apply online from the comfort of your home, get a fast decision and, if approved, receive funds in your bank account as soon as the next business day.
Why Lake City residents use us
- Fast 5-minute request A simple online application, with no waiting in line at a storefront.
- Bad credit considered Lenders focus on your steady income, not just your credit history.
- Borrow up to $500 Loan terms must comply with the Florida Deferred Presentment Act.
- Safe & confidential Your personal and financial details are sent over an encrypted connection.
Notice for Lake City residents: Payday loans are designed for short-term emergency needs and should not be used as a long-term debt solution. Interest rates, fees and maximum loan amounts are governed by Florida law (Florida Deferred Presentment Act). Always review the contract terms carefully before signing.
Lake City payday loan FAQ
How much cash can I borrow in Lake City?
Loan amounts in Lake City are typically from $100 up to $500, in line with Florida lending law. Your exact approved amount depends on your verifiable income, existing debt and the lender’s evaluation.
Do I need to visit a storefront in Lake City to apply?
No. The whole process is handled securely online, so you don’t need to wait in line at a local check-cashing store or branch. If approved, your funds are deposited directly into your bank account by ACH transfer.
Can I qualify for a payday loan in Lake City with poor credit?
Possibly. A traditional FICO score is not the only factor. Lenders in our network mainly look at whether you have a steady, recurring income and an active checking account to handle repayment. Approval is not guaranteed.
How quickly will I receive my funds in Lake City?
Many applicants get a decision within minutes. Once you review and e-sign your agreement, lenders typically release the cash the same day or the next business day, depending on your bank’s transfer cutoff times.
What are the minimum requirements for Lake City residents?
To qualify, you must:
- Be at least 18 years old.
- Live in Lake City or the surrounding Florida area.
- Have an active checking account in your name.
- Provide proof of consistent monthly income (employment, benefits or recurring deposits).