Everyone has reached a point at some time or another when they need cash. Perhaps a big vacation is coming up or you need a new car, but you don’t have the time to spare on piggy banks.

Loans can be a great way to get what you need now while paying off the debt at an affordable rate. But like all good things, loans come with a price. There are certain criteria that must be met to qualify for a loan, such as credit score, collateral, and the ability to repay the loan, but the approval really all depends on the institution’s guidelines.
Locations where loans may be offered include banks, credit unions, and loan agencies. The decision on which medium to use is a personal choice to be made by the customer.

Chelsea Bruton, branch manager at 1st Franklin Financial of Valdosta, has provided some additional information on what it may take to get approved at a loan agency. “Most of our loans are collateral-based,” Bruton said. “We loan to the subprime customers, the ones who don’t have over a high 600 Beacon score.”

The repayment plans for this type of lender are also affordable, with plans ranging from six to 36 months depending on the amount of the loan. This is so that necessities like braces, surgeries, and furniture can be financed at the convenience of the borrower.

Another important consideration for choosing your institution should be the relationship formed between the lender and borrower. “Most of us in the office have been here for 10+ years,” Bruton said. “So we have relationships with our customers … Our first priority is providing what our customers need in the community and doing it on a personal level.”

Now that you have the information, you can go get that loan.

First Franklin Financial offers loans ranging from $300 to $15,000. Bruton and her associates can be reached at 229-247-3558 or visited at 1900 Gornto Rd Suite G, Valdosta, Georgia 31602 in the shopping plaza across from Walgreens. The office hours are Monday, Tuesday, Thursday, and Friday from 8:30 a.m. to 5:30 p.m. and Wednesday from 8:30 a.m. to 1:30 p.m.

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Leah Morton
Leah is an undergraduate student studying English and journalism at Valdosta State University. She has worked on one of the university’s annual publications, Odradek, as a social media editor and plans on returning as the poetry editor for the next edition. Her plans after graduation include building a career in writing and editing. Leah also has an Associate of Applied Science degree in Early Childhood Care & Education, received from Southern Regional Technical College.

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