Near Me Payday Loans in Aspen, Colorado (2025) with Comparison Chart, Eligibility Criteria & Real Reviews
- Published on -
- Written By - Tony Dorman
- Reviewed By - Zack M. Disette
Finding Payday Loans in Aspen, Colorado? Quick cash loans are additional services offered by Aspen Private Equity Group and First Western Trust Bank as of 2025. These loans come with lower APRs and more flexible terms than what is currently offered in the market. Both lenders operate within the confines of colorados restraining payday- lending caps of max 500$ loans and 180 % APR, instead choosing to focus on personal installment loans.
Personal loans can be classified into many categories that can meet your financial needs. Peruse through the value of their rates, amenities, and timeframes for approvals and choose the one that aligns with your cash urgency. Check personal assistance programs such as CCCAP.
Comparison Chart
1. Aspen Private Equity Group
- Phone: 970-544-2073
- Services:
- • Alternates of payday loans offering short-term personal loans.
- • Private equity investment and business financing.
- • Cash advance solutions for pressing financial needs.
- Features:
- • Applications can be made through the internet and physically.
- • Borrowers can enjoy more than one payback period.
- • Infusion to local initiatives is a core function of the firm.
- Ratings: 4.5/5 after 120 customer reviews
- Customer Reviews:
- • “Staff enables swift consideration and is very friendly!” –Sarah T.
- • “Rates are higher than other banks, but there is no hidden agenda.” – John D.
- Business Hours:
- Mon-Fri: 10:00 AM – 5:00 PM
- Sat – Sun: Closed
- Address: 520 E Cooper Ave, Aspen, CO 81611
- Amenities:
- Complimentary financial consultations
- Online account access
- Secure document submission
- Loan Information:
- Minimum Loan Amount: $500
- Maximum Loan Amount: $5,000 (Short-term personal loans only)
- APR: 180%-200% (In compliance with state law)
- Approval Time: 1 – 2 business hours
- Loan Term: 6-12 months (In compliance with state law)
2. First Western Trust Bank
- Telephone: +1 970-710-7200
- Products:
- Personal installment loans (In lieu of payday loans)
- Trust services and wealth management
- Overdraft protected checking/savings accounts
- Distinctive Features:
- Lower APR relative to payday loan providers
- Loans paid over longer terms
- Relationship-centered banking
- Star Rating: 4.7/5 (Based on 50+ reviews)
- Customer Comments:
- “Emily R.” remarked, “Professional and patient advisors.”
- “Mark S.” noted, “Great for managed repayment.”
- Working Hours:
- • Mon-Fri: 9:00 AM – 5:00 PM
- • Sat-Sun: Closed
- Location: 201 N Mill St Suite 202, Aspen, CO 81611
- Special Features:
- • Mobile banking applications
- • Financial planning
- • Notary public for documents at no cost
- Loan Specifications:
- • Minimum Loan: $1,000
- • Maximum Loan: $25,000
- • APR: 10% – 20% (personal loans most commonly have these percentages)
- • Approval Time: 1-3 business days
- • Loan Term: 6 months – 5 years
Important Notes:
• Consideration must be made pertaining to the Colorado payday loan regulation. Effective from 2025, the state law restricts payday loans up to $500, with a 6-month minimum term and an APR cap of 180%.
• Advisory Note: Both lenders provided on this list offer these services as an exemption from Colorado’s restrictive payday loan laws. These services include short-term personal loans from Aspen Private Equity Group and installment loans offered by First Western Trust Bank at reduced APR rates.
How to Apply for a Payday Loan in Aspen Colorado in 2025
- Check Your Eligibility
• You must be at least 18 years of age.
• Income proof via pay stubs or bank statements is necessary.
• You must currently have a checking account open.
• You must provide identification (driver’s license or state ID).
• You must be from the state of Colorado.
- Select a Payday Lender
• Look up licensed payday lenders in Aspen (both online and offline).
• Research the rates and different payment options.
- Fill Out the Application
• Go to the website or store of the lender.
• Provide details such as your name, what job you do and your bank.
• Required documents should be submitted or uploaded.
- Wait for Approval for the Loan
• There are lenders who approve in a range from minutes to a few hours.
• Some could perform a soft credit check.
- Obtaining Your Loan Amount
• It is deposited into your bank account within 24 hours.
• Cash pickup is available at some lenders.
- Make Loan Repayments on Time
• Paid back in the time agreed in the loan (in minimum six months in Colorado).
Eligibility Criteria to Take Payday Loan in Aspen, Colorado in 2025
- Candidate must be 18 years old or older.
- Submission of pay slips, freshly withdrawn bank receipts, or any other relevant documentation sufficing as proof of earning.
- Possession of a personal checking bank account that is active and operational.
- Valid State ID or Driver’s License in compliance with the age eligibility requirements.
- Current resident of Colorado with eligible proof such as utility bills or lease contracts.
Moreover, applicants must be aware of the limitations imposed on payday loans in Colorado as per Federal regulations.
- Maximum loan available at any given time is 500
- Minimum term repayment period set at six months with no limit on maximum duration.
- Interest cap set at 36% per annum APR, lenders granted origination and maintenance fee cap within certain
Payday Loan Regulations in Aspen Colorado in 2025
By 2025, payday loans regulations in Aspen, Colorado, will be followed at both state and federal levels with additional consumer protection laws. Important regulations are:
Loan Amount Limit: The maximum total loan that can be issued including principal and finance charge is $500.
Interest Rate Cap: Payday and other forms of loan interest are capped at 36% Annual Percentage Rate (APR).
Originating Fees: A lender can charge an originating fee of up to 20% of the first 300 dollars lent and 7.5% of any amount above 300 dollars, with the maximum charge capped at $75.
Monthly Maintenance Fees: A lender can charge, not exceeding $30 a month, up to $7.50 for every $100 lent.
Repayment Term: A borrower is granted at least six months within which to repay the payday loan.
Refinancing Policy: Stating January 1, 2024, lenders are only allowed to do annual refinancing on a consumer loan once, as opposed to thrice a year which was the rule before.
Payment Withdrawal Attempts: As of March 30, 2025, lenders after two failed withdrawal attempts to get payment must seek fresh authorization from the borrower.
Conclusion:
Aspen Private Equity Group specializes in providing small, urgent loans, with an approval time of 1–2 hours, although the APR is significantly higher at 180%-200%.
First Western Trust Bank offers larger loans of up to $25,000 and has a much lower APR of 10%–20%. Their longer repayment terms are ideal for those in need of affordable and structured payments.
Both options have strong ratings, but the higher reviews for Aspen Private Equity Group indicates greater customer volume.
