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Quik Lend has merged with 745Cash located at 3237 Austin Peay Hwy in Memphis, TN
Quik Lend merged with 745Cash, a Memphis-based emergency cash lender offering fast small loans and title loans with same-day funding.
Data compiled from public sources · Rating from CreditDoc methodology
Quik Lend has merged with 745Cash located at 3237 Austin Peay Hwy Review
Quik Lend and 745Cash completed a merger, consolidating their operations at a single location on Austin Peay Highway in Memphis, Tennessee. The combined entity operates under the 745Cash brand while maintaining the Quik Lend name in historical references. The merger represents a consolidation of two local emergency lending providers serving the Memphis market. Limited public information is available about the specific terms, timeline, or strategic rationale behind this merger beyond the basic operational consolidation.
745Cash offers emergency cash loans typical of this lending category, including small fast loans and title-based lending products. Based on the emergency-cash category classification, their services likely include same-day or next-day funding for loans in the $100-$1,000 range. The company maintains a physical storefront location with regular business hours, enabling in-person applications and fund disbursement. Their website (745cash.com) serves as the primary digital presence following the merger consolidation.
The merged entity operates with extended hours on Fridays (9:00 AM - 6:00 PM) and limited Saturday availability (9:30 AM - 2:00 PM), suggesting they prioritize accessibility for working consumers. The physical Memphis location at 3237 Austin Peay Hwy provides a brick-and-mortar presence in a market where such lenders are common. The phone number (901) 385-0220 indicates direct customer service availability during business hours. The consolidation may provide operational efficiencies and expanded service capacity compared to operating as separate entities.
While the merger demonstrates business viability in the emergency lending market, consumers should recognize that emergency cash loans and title loans typically carry high interest rates and fees standard to this industry. The limited publicly available information about specific loan terms, APRs, and borrower protections makes it difficult to assess how this lender compares to competitors. Borrowers should carefully review all terms before committing to any loan product, particularly regarding repayment obligations and collateral requirements for title loans.
Services & Features
Emergency cash loans ($100-$1,000 range)
Fund disbursement at storefront location
In-person loan applications at physical location
Phone-based customer service (901) 385-0220
Same-day or next-day loan funding
Saturday lending services
Title loans using vehicle as collateral
Weekday lending services (Monday-Friday)
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Physical storefront location in Memphis enables in-person service and same-day transactions
- Extended Friday hours (9:00 AM - 6:00 PM) accommodates working consumers
- Direct phone line (901) 385-0220 provides customer service contact option
- Saturday hours (9:30 AM - 2:00 PM) offer weekend accessibility
- Consolidated operations suggest merged company resources and service capability
- Established brand history through both Quik Lend and 745Cash operations
Cons
- Emergency cash loans and title loans typically carry high APRs and fees standard to the industry category
- Limited publicly available information about specific loan terms, rates, and borrower protections on website
- Website redirects to Waze directions rather than providing company information, making product details difficult to access
- Title loan collateral requirements create risk of vehicle loss if repayment is missed
- Weekday hours end by 5:30 PM (except Friday), limiting accessibility for some borrowers
Rating Breakdown
Value 2.0
Effectiveness 1.5
Customer Service 2.2
Transparency 2.0
Ease of Use 3.9
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Frequently Asked Questions
Is Quik Lend has merged with 745Cash located at 3237 Austin Peay Hwy legitimate?
Yes. Quik Lend has merged with 745Cash located at 3237 Austin Peay Hwy is a registered company, headquartered in 3237 Austin Peay Hwy, Memphis, TN 38128.
Quick Facts
- Headquarters
- 3237 Austin Peay Hwy, Memphis, TN 38128
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
No Website Currently Available
CreditDoc Diagnosis
Doctor's Verdict on Quik Lend has merged with 745Cash located at 3237 Austin Peay Hwy
Quik Lend/745Cash is best suited for Memphis-area consumers in urgent need of small emergency cash loans under $1,000 with same-day funding access, or those with vehicle equity willing to use title-based collateral. The primary caveat is that emergency cash and title loans carry high interest rates and fees typical of this lending category, and title loan borrowers face vehicle repossession risk—consumers should explore payday-alternative options first and only use this lender after confirming other lower-cost emergency funding sources are unavailable.
Best For
- Memphis-area residents needing emergency cash loans under $1,000 with same-day or next-day funding
- Consumers with vehicle title equity seeking collateral-based emergency loans
- Working individuals who can visit during extended Friday hours or limited Saturday availability
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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