Loan and financial services are available in Memphis. Loans are credit issued by both banks and non-banking finacial institutions, whereby the applicant is given a certain sum of money (either the money itself, or as credit) for buying goods or services with the understanding that it would be paid back with a certain amount of interest, over a period of time. Financial services are a broad range of services available for you to better manage your money. This includes a number of companies offering different services, such as credit unions, banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and government backed investments. One of the primary providers of financial services is the bank, which enables people to both save money and get money during times of need, at varying levels of interest.