Like many others, the home construction business has been hit hard by the financial crisis. Tough times have prompted framer Derrick Ritter to take out payday loans from time to time.

"I would come over here quite often to get extra money to help pay for my bills," Ritter said.

When the new state law takes effect, many businesses -- like the Checksmart frequented by Ritter -- may be forced to close for business. But that doesn't mean people won't be able to find emergency loans. Some banks are beginning to offer a similar service.

At least one institution has developed a program that will allow qualified customers to get an advance on money that's directly deposited into their account, Connelly reported.

The Fifth Third Bank program charges $10 for every $100 advanced, and the charge is deducted from the customer's account on their next payday, Connelly reported.

To use the service, a person must meet qualifications that include having been a Fifth Third customer for at least six months.

Supporters of the statewide ban on payday lending said they were still concerned that a loophole could potentially allow banks to take advantage of down-on-their luck customers.

"Unfortunately the new state law doesn't apply to banks because they are regulated at the federal level," said Yes on Issue 5 organizer Bill Faith.

Payday lenders, meanwhile, fear that people without bank accounts won't be helped by the service, Connelly reported.

Checksmart employees told 10TV News that passage of the new law has already forced the closure of several Ohio stores. Several more stores could close next year.

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