Company application records show utility costs cited more frequently, with funding requests highest in July and August
BOULDER, United States — October 9, 2026 — 1F Cash Advance reports an increase in Florida loan applications tied to electricity expenses, based on its 2026 application records. Power bills have become one of the reasons applicants most frequently cite during the summer, with requests for same-day funding increasing in the days before electricity payments are due.
The announcement concerns patterns observed in the company’s Florida applications, including the reasons applicants provide for seeking short-term credit and the timing of their requests. Utility costs appear more frequently in those records in 2026 than in prior years. The company’s observations describe applications submitted to its service rather than a statewide measure of household borrowing.
July and August account for the highest levels of requests for same-day funding associated with power bills. The company also observes an increase in requests shortly before bill deadlines. Together, these patterns show how electricity payment schedules feature in the timing of applications, alongside the seasonal increase recorded during the summer.
Most of the Florida requests arrive through the company’s online service. Some applicants continue to apply in person at its Miami location. The reported activity therefore includes both online applications and requests made through a physical location, with electricity costs appearing among the expenses applicants identify when seeking funding.
“Utility costs are being cited more often by Florida applicants in 2026 than in prior years,” said Latoria Williams, founder and CEO of 1F Cash Advance.
The company reports that many applicants have already taken other steps to manage expenses before submitting an application. Those steps include raising thermostat settings, limiting cooling to one room and sealing drafty windows. Other applicants describe taking additional gig shifts or relying on family support until payday before seeking a loan.
These accounts provide context for the application trend without establishing that every request follows the same sequence. The company has observed several household responses among applicants, while a disconnection notice is the event that prompts an application for many. The findings reflect the circumstances applicants describe when electricity payments become difficult to accommodate.
The announcement places payday loans within that reported borrowing activity rather than presenting them as the sole response to electricity expenses. Applicants’ accounts include changes to household energy use, additional work and family assistance. Those details distinguish the reason given for seeking credit from the measures taken before an application is submitted.
For applicants seeking a payday loan in Florida, the company’s records identify electricity bills as an increasingly frequent stated expense. The reported trend concerns demand for short-term funding and the circumstances surrounding those requests. It does not include a numerical growth rate, an average loan amount or a total dollar value for electricity-related applications.
About 1F Cash Advance
1F Cash Advance opened in Boulder, Colorado, in 2019 and helps borrowers in more than 30 states access short-term loans. Its services are offered online and through physical locations, including its Miami store, with loan options shaped by applicable state lending laws. The company also maintains free resources covering budgeting, utility costs and borrowing rules across states.
Media Details
Contact Person: Latoria Williams, founder and CEO
Company Name: 1F Cash Advance
Email: info@1firstcashadvance.org
Website: https://1firstcashadvance.org/