What is another word for small loan company?
Pronunciation: [smˈɔːl lˈə͡ʊn kˈʌmpəni] (IPA) 
Small loan companies are financial institutions that provide loans to individuals and businesses in need of quick cash. There are several synonyms for the term "small loan company" such as microfinance institutions, payday loan lenders, short-term loan providers, cash advance companies, and emergency loan services.
Microfinance institutions are non-profit organizations that provide small loans to low-income individuals and businesses to help them improve their financial status. Payday loan lenders provide short-term, high-interest loans to individuals who need to cover unexpected expenses. Short-term loan providers offer loans with a shorter repayment period than traditional lenders. Cash advance companies lend money against a borrower's upcoming paycheck or a financial asset. Emergency loan services provide quick cash to individuals in urgent need of funds.
