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Part of the Loan For Any Purpose chain · locations
Loan for Any Purpose in Long Beach, CA
Long Beach, CA - Loan for Any Purpose offers fast payday and title loans at 2842 E Anaheim St STE 104.
Data compiled from public sources · Rating from CreditDoc methodology
Loan for Any Purpose Review
Loan for Any Purpose at 2842 E Anaheim St STE 104 serves borrowers in Long Beach, CA with accessible weekday and weekend hours. This standalone storefront in Long Beach is open Monday through Friday from 7AM to 8PM, and Saturday and Sunday from 9AM to 6PM. The location makes it convenient for Long Beach residents and workers to access quick lending services on your schedule.
This Long Beach location specializes in payday loans and title loans for borrowers who need emergency cash fast. The team at this Long Beach branch can explain your loan options, walk you through the application process, and answer questions about repayment terms. Call +1 562-667-3525 to speak with a loan officer or to get more information about rates and eligibility.
If you're a Long Beach resident facing an unexpected expense, bring a valid government-issued ID, proof of income, and information about your vehicle or bank account to your appointment. Loan for Any Purpose provides short-term financing options designed for those times when you need access to funds quickly.
Services & Features
Bad credit loans ($250–$50,000)
Cash advances (unsecured, up to $1,000)
In-person application and funding at physical location
Installment loans (unsecured, $1,000–$5,000)
Payday loans (up to $1,000)
Personal loans (unsecured, up to $50,000)
Same-day loans (fast approval, minimal documents)
Title loans (secured by vehicle, up to $50,000)
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Physical location in Detroit open 7 days per week with extended evening hours (Mon–Fri until 8pm)
- No credit score requirement for most products; explicitly welcomes all credit types including bad credit borrowers
- Wide range of loan amounts ($250–$50,000) accommodates different emergency levels
- Same-day and fast approval loans with minimal documentation requirement
- Title loans offer access to larger amounts (up to $50,000) for borrowers with vehicle equity
- Installment loans available as alternative to payday loans for amounts $1,000–$5,000
- Local phone support at (313) 228-3440 for customer questions and accessibility assistance
Cons
- Website discloses zero information about interest rates, APRs, or fee schedules—impossible to assess true cost
- Short-term lending products typically carry high costs; company disclaimers warn these are not long-term solutions
- No transparency on approval odds, actual loan amounts approved versus requested, or typical repayment terms
- Website pulls from non-traditional consumer reporting agencies, which may impact credit beyond FICO (though doesn't directly affect FICO score)
- Title loans create risk of vehicle repossession if borrower cannot repay
Rating Breakdown
Value 2.0
Effectiveness 1.5
Customer Service 2.2
Transparency 2.0
Ease of Use 3.9
Compare the Best Personal Loan Options
See which lenders actually approve borrowers with bad credit. We compared APRs, fees, minimum scores, and funding speed.
Frequently Asked Questions
Is Loan for Any Purpose legitimate?
Yes. Loan for Any Purpose is a registered company, headquartered in 2842 E Anaheim St STE 104, Long Beach, CA 90804.
Quick Facts
- Headquarters
- 2842 E Anaheim St STE 104, Long Beach, CA 90804
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on Loan for Any Purpose
Loan For Any Purpose is best for consumers facing immediate cash shortages of $250–$1,000 who have poor or no credit history and cannot qualify for bank loans. The critical caveat is that no interest rates, APRs, or fees are disclosed online—borrowers must contact the company directly to understand true cost, and should be aware that these products typically carry high expenses and are designed only for short-term emergency needs.
Best For
- Workers facing unexpected emergencies needing $250–$1,000 with same-day funding
- Borrowers with poor or no credit history unable to qualify for bank personal loans
- Vehicle owners needing larger amounts ($5,000–$50,000) who can use title as collateral
- Consumers preferring in-person lending interactions over online-only lenders
Updated 2026-04-29
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Financial Wellness Guides
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Read guide →Financial Terms Explained (10 terms)
New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
Interest & Rates
APR — Annual Percentage Rate
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Why it matters
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
Compound Interest
Interest calculated on both the original amount borrowed AND the interest that's already been added. It's 'interest on interest' — and it makes debt grow faster than you'd expect.
Why it matters
Credit cards and many loans use compound interest. If you only make minimum payments, compound interest is why a $3,000 balance can take 15 years to pay off.
Example
You owe $1,000 at 20% annual interest compounded monthly. After month 1 you owe $1,016.67. Month 2, interest is charged on $1,016.67 (not $1,000), so you owe $1,033.61. After 1 year without payments: $1,219.
MAPR — Military Annual Percentage Rate
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
Why it matters
The Military Lending Act protects active-duty servicemembers and their families from predatory lending. Any lender charging above 36% MAPR to military is breaking federal law.
Example
A payday lender charges a $15 fee per $100 borrowed for 2 weeks. For civilians, that's technically legal in some states. For military: that works out to 391% MAPR — illegal under the MLA.
Usury Rate — Usury Rate (Interest Rate Cap)
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
Why it matters
Usury laws are your main legal protection against predatory interest rates. But beware: some states have weak or no usury caps, and federal banks can sometimes override state limits.
Example
New York caps interest at 16% for most consumer loans (25% is criminal usury). If a lender tries to charge you 30% in NY, that loan is unenforceable — you could fight it in court.
How Loans Work
Collateral — Loan Collateral
An asset you pledge to the lender as security for a loan. If you stop paying, the lender can seize and sell that asset to recover their money.
Why it matters
Secured loans (with collateral) have lower interest rates because the lender has less risk. But you could lose your home, car, or savings if you default.
Example
A mortgage uses your house as collateral. A car loan uses your vehicle. A title loan uses your car title. If you miss payments, the lender can foreclose or repossess.
Fees & Costs
Late Fee — Late Payment Fee
A charge added to your account when you miss a payment deadline. Most credit cards charge $29-$41 per late payment, and many loans have similar penalties.
Why it matters
The fee itself hurts, but the real damage is to your credit score. A payment 30+ days late stays on your credit report for 7 years and can drop your score 60-110 points.
Example
Your credit card payment of $150 is due March 1. You pay on March 18. The bank charges a $39 late fee. If it's 30+ days late, it gets reported to credit bureaus and your 760 score drops to 670.
NSF Fee — Non-Sufficient Funds Fee
A fee your bank charges when a payment bounces because there isn't enough money in your account. Also called a 'bounced check fee' or 'returned payment fee.'
Why it matters
NSF fees hit you twice — your bank charges you AND the company you were trying to pay may charge their own returned payment fee. That's $50-70 for one missed payment.
Example
Your auto-pay tries to pull $350 for rent, but you only have $280 in checking. Your bank charges $35 NSF fee. Your landlord charges $25 returned payment fee. Total damage: $60 in fees.
Legal Terms
Usury — Usury (Illegal Interest)
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
Why it matters
If a lender charges usurious rates, the loan may be void, penalties can be reduced, or you may be entitled to damages. Know your state's limits.
Example
Your state caps consumer loans at 24% APR. An online lender charges you 36%. That loan may be unenforceable, and you might only need to repay the principal — no interest or fees.
Credit Cards
Cash Advance — Credit Card Cash Advance
Using your credit card to get cash from an ATM or bank. It's one of the most expensive ways to borrow — higher interest rate, immediate interest accrual (no grace period), and an upfront fee.
Why it matters
Cash advances are a debt trap: 25-30% APR with no grace period plus a 3-5% fee. Interest starts the second you withdraw, not at the end of the billing cycle.
Example
You take a $500 cash advance. Fee: $25 (5%). Interest: 28% APR starting immediately. After 30 days, you owe $536.67. After 6 months of minimum payments, you've paid $85 in interest on $500.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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