- Payday loans in Gates follow Tennessee law (Deferred Presentment Services Act (TCA Title 45, Chapter 17)).
- Borrowing $300 at the state maximum costs 15% of the check amount.
- The nearest larger city is Jackson, about 35 miles away.
Gates at a glance
| Gates | |
|---|---|
| Population (2024 Census estimate) | 654 |
| Change since 2020 | -1.5% (shrinking) |
| County | Lauderdale County |
| Size rank among 326 Tennessee places we cover | 268th |
| Nearest larger city | Jackson (about 35 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Other towns within 25 miles | 12 (about 54,044 residents) |
| Typical payday APR statewide (CRL 2023) | 460% |
There is no separate Gates payday law: Tennessee rules apply here, and any lender serving Gates residents, online or in person, needs a license from the Tennessee Department of Financial Institutions.
Credit unions near Gates
NCUA data (June 2026) shows no credit union headquartered in Gates or Lauderdale County. Many credit unions have branches in other towns or accept members online. Use the NCUA’s Credit Union Locator to find one near you.
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Payday loan rules that apply in Gates
In short, Tennessee rules that cover Gates include: maximum: $500 in total outstanding checks; maximum fee: 15% of the face amount of the check; loan term: up to 31 days. See the full Tennessee payday loan rules.
What a $300 loan costs in Gates
At Tennessee’s maximum fee, borrowing $300 costs 15% of the check amount. Statewide, the typical APR on a $400 payday loan was 460% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Lauderdale County before you borrow
Before a payday loan, Gates residents can usually find something cheaper:
- Local assistance through 211 covering Lauderdale County.
- A credit union payday alternative loan (max 28% APR). See PALs explained.
- Your bank’s small-dollar loan, if offered (compare banks).
- A cash advance app for $20–$500 (apps compared).
Towns near Gates
The nearest larger city is Jackson, about 35 miles away. See all 326 Tennessee cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Gates?
Yes. Payday loans are legal in Gates under Tennessee state law, and lenders must be licensed by the Tennessee Department of Financial Institutions.
How much does a payday loan cost in Gates?
At Tennessee’s maximum fee, borrowing $300 costs 15% of the check amount. The typical statewide APR was 460% in 2023.
Where is the nearest credit union to Gates?
NCUA data shows no credit union headquartered in Gates or its county. Use the NCUA credit union locator to find branches and online credit unions.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Tennessee — Consumer notice, Deferred Presentment Services Act
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary