About Fast Loan Advance
About Fast Loan Advance
An overview of the service, the company behind it, and its role as a marketplace connecting borrowers with lenders.
Company overview
Fast Loan Advance is an online lending marketplace established in 2015. Its role is to connect borrowers seeking personal loans from $500 to $35,000 with participating lenders, rather than make loans itself.
Marketplace connection
Borrowers submit a request through the official website and may be connected with a participating lender that can present an offer.
The lender’s role
The lender reviews the request, makes its own approval decision, sets the rate and terms, and provides any accepted loan.
The borrower’s choice
Submitting a request does not require a borrower to accept an offer. Any APR, payment, fees, and repayment schedule should be reviewed before signing.
Company information
Business details from official sources, including legal name, headquarters, and contact information.
FastLoanAdvance, LLC
The operator named on the official About Us page.
Calabasas, California
26610 Agoura Road, Suite 210, Calabasas, CA 91302.
2015
The year the official website says its lending marketplace was established.
How the marketplace process works
Four stages from request to funding. Fast Loan Advance facilitates the connection; the participating lender is responsible for its offer, decision, agreement, and funding.
Submit a request
The official website says the request asks for basic contact, income, employment, and requested-loan information.
Connect with a lender
Fast Loan Advance matches the request with lenders in its marketplace based on the borrower’s profile and needs.
Review an offer
An interested lender may present its rate, payment, fees, and term. The borrower is not obligated to accept an offer.
Receive funds
After an agreement is signed, the lender—not Fast Loan Advance—handles funding. Timing depends on that lender and the borrower’s circumstances.
Transparency and borrower information
Key points for borrowers from the official About Us page. Borrowers should confirm current details in the official policies and in any lender agreement.
No marketplace fee for borrowers
Fast Loan Advance does not charge borrowers to submit a request or be connected with a lender. An accepting borrower may owe interest and fees disclosed by the lender.
No obligation to accept
The official site says borrowers may review an offer’s APR, monthly payment, fees, term, and repayment schedule and decline an offer that does not fit their situation.
Credit inquiry distinction
The official site says checking a rate uses a soft inquiry that does not affect the credit score. A lender may perform a hard inquiry if the borrower continues to a full application.
Information handling
Fast Loan Advance uses 256-bit SSL encryption and shares request information with marketplace lenders for loan offers. Its Privacy Policy provides the full handling terms.
What Fast Loan Advance does not do
The boundaries of the marketplace model, and how Fast Loan Advance differs from the lenders in its network.
Does not make loans itself
Fast Loan Advance connects borrowers with lenders rather than being the direct lender.
Does not set individual lender rates
Loan terms and rates belong to the lender offer and should be reviewed directly by the borrower.
Does not make lender approval decisions
Approval decisions depend on the lender and the borrower's individual circumstances.
Does not service active loans
The official About Us page states that Fast Loan Advance does not service active loans. Questions about an accepted loan belong with the lender named in the agreement.
Does not contact borrowers about a lender’s loan
The official About Us page lists borrower contact about a loan with a lender among the activities Fast Loan Advance does not perform.
How Fast Loan Advance makes money
Fast Loan Advance is free for borrowers and earns revenue when lenders in its marketplace choose to work with it. It does not earn more when a borrower accepts a higher-rate loan and does not influence the lender’s rate or terms.
This business-model description comes from the official About Us page. Any interest, fees, or other costs on an accepted loan are set and disclosed by the lender.
Official resource
Visit the official Fast Loan Advance website
Visit the official website for current service details, request information, and lender-connection resources.