1. Who is eligible to apply for a loan?
Any full-time employed person residing in California, Georgia, New Mexico and Texas.
2. How much can I borrow?
California — $2,501 – $4,000
Georgia — $3001 – $5000
Illinois — $1000 – $4000
Missouri — $1,000 – $4000
New Mexico — $1,000 – $2,499
Texas — $1340
Wisconsin — $1000 – $4000
3. How can I apply for an E.F.O.A. loan?
Simply contact one of our representatives to discuss options available.
4. What is your APR (Annualized Percentage Rate)?
EFOA is a state-compliant lender licensed in the states we originate loans in. Loan structure and rates vary by state and we always comply with the prevailing applicable rules and regulations. Fur full details, please visit our Rates & Fees page.
5. How quickly will I receive my loan?
Often by the next business day after we receive your signed loan agreement.
6. How and when will I know my loan has been approved?
Once all documents have been received the information will be processed and verified. If your application is approved we will contact you by telephone, text and/or e-mail.
7. How will I receive my loan?
Once your application has been approved, we will send you formal loan documents. Once you sign and return the loan documents, your loan proceeds will be direct deposited into your account. The funds will arrive in your account the next business morning.
8. How will I repay my loan?
Payments can be made via payroll deduction/ allotment, credit/ debit card, ACH or bank check.
9. Can I change my mind after receiving a loan?
Employee Funding of America, LLC abides by the Consumer Financial Services Association of America Best Practices and State laws regarding rescission, which enable you to rescind the transaction at no cost within a three-day time period by returning the full amount of the loan.
10. How do I check the balance on my loan?
To check the balance of your loan at any time, log in to your member portal on the top right side of our website for an active summary of your current loan.
11. What are your contact numbers?
Our office number is 1 (844) 435- EFOA (3362) (same as fax)
Our fax number is 1(844) 435- EFOA (3362) (same as office)