Florence, SC · South · Allowed
Payday loans in Florence
Florence is governed by South Carolina's statewide lending law — cities don't set their own loan rules. Storefront payday lending is permitted in South Carolina. State law caps what lenders can charge — the limits below are the legal ceiling, and honest lenders stay under it.
The limits below are the legal ceiling — any offer above them is being made outside the law.
Lending storefronts in Florence
38,317 residents · Florence County Median household income is $42,853 — below the South Carolina median of $47,139.
5 storefront locations of 4 companies listed in the public directory snapshot below. Categories are the directory's own — verify a store's license with the state regulator before borrowing.
| Lender | Address | Phone | Hours |
|---|---|---|---|
| 1st Franklin Financial Installment Loans | 315 Beltline Dr Ste G, 29501 | (843) 629-1212 | Mon 8:30 AM - 5:30 PM · hours vary |
| Advance America Check Cashing/Pay-day Loans | 155 S Cashua Drive Ste B, 29501 | (843) 662-3990 | Mon 10:00 AM - 6:00 PM · hours vary |
| OneMain Financial Installment Loans, Auto Loan Providers | 110 Woody Jones Blvd Ste D, 29501 | (843) 665-6542 | Mon 9:00 AM - 5:30 PM · hours vary |
| OneMain Financial Mortgage Lenders, Installment Loans, Auto Loan Providers | 500 Pamplico Hwy Ste J, 29505 | (843) 662-9411 | Mon 9:00 AM - 5:30 PM · hours vary |
| Security Finance Installment Loans | 1811 S Irby St Ste 101, 29505 | (843) 669-1691 | Mon 9:00 AM - 6:00 PM · hours vary |
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the South Carolina page before visiting. Spot an error? Report it.
The online route in Florence
A parallel market lends entirely online — application, decision and funding on a website, no storefront. Lenders licensed in South Carolina follow the state schedule anywhere in the state, but bank-partner and tribal loans are structured outside state rate limits, and regulators dispute that model.
From the online lenders directory — terms each lender publishes about itself, checked September 2026. Directory only: we are not affiliated and make no availability promises — verify with the lender and the South Carolina regulator.
The rules behind the numbers
Deferred presentment service agreements are short-term loans and are not intended to solve long-term financial problems.
In practice: borrow $300 for a standard term and the finance charge is $45 — $345 repaid at the end, about 391% APR. Every compliant lender in Florence has to fit inside that schedule.
Statute: S.C. Code Ann. § 34-39-110 et seq.
Regulator: South Carolina State Board of Financial Institutions · bofi.sc.gov
Questions people ask in Florence
Are payday loans legal in Florence, SC?
Yes. Storefront payday lending is permitted across South Carolina, and Florence runs under the same state rules: maximum loan $550, fees capped at 15% of face value of check ($15 per $100). A store charging above the cap is operating illegally.
How much would a $300 loan cost me in Florence?
The same as anywhere in South Carolina: state law sets the schedule. On a typical $300 loan the finance charge is about $45 — $345 repaid at the end of the standard term.
Which lenders have stores in Florence?
5 storefronts are listed in Florence in our 2022-02-20 directory snapshot (4 different companies). The full list with addresses, phones and hours is in the table above.
Who regulates lenders in Florence?
Complaints about a lender go to the South Carolina State Board of Financial Institutions (bofi.sc.gov) — keep the loan agreement and every fee disclosure you were given.