Personal loans in Federal Dam, MN

The first question in Federal Dam is not the rate on offer but whether the payment fits; about 124 people live here under Minnesota lending law. The Census estimates 124 residents in Federal Dam, which ranks it 728th of 853 places in Minnesota. Federal Dam gained roughly 0.8% in population across the 2020-to-2023 comparison. Compare APR, not the interest rate, because the APR folds in most fees on a Federal Dam loan. Borrowers who want a bigger city can look to Bena, MN about 7 miles away.

The Federal Dam data picture

Two layers matter for a Federal Dam borrower: the local population picture and Minnesota's consumer-lending statutes.

• Population: 124 residents; Federal Dam is the 728th-largest of 853 places in Minnesota (US Census Bureau, Vintage 2023).
• Population trend: Higher by roughly 0.8% since the 2020 count.
• Net change: roughly 1 more people than the 2020 Census counted.
• Size percentile: about 15% of Minnesota's Census places are smaller than Federal Dam.
• Population density: 56 people per square mile on 2.2 square miles of land.
• Land area rank: Federal Dam's 2.2 square miles rank 307th of 853 places in Minnesota.
• Water area rank: Federal Dam ranks 356th among Minnesota's 853 places, with 0.02 sq mi.
• State population share: Federal Dam accounts for about 0.0% of everyone in Minnesota.
• National rank: Federal Dam sits 17,703rd by population among the 19,457 places in this dataset.
• Growth in Minnesota: Federal Dam stands 256th by percentage change from 2020 to 2023, among 853 places.
• Against the state trend: Federal Dam's 0.8% change compares with a Minnesota average of +0.1% across its 853 places.
• Density rank: Federal Dam places 818th among Minnesota's places by people per square mile.
• Against the state median: Federal Dam runs about 56 residents per square mile, where the Minnesota median is 607.
• Location: mapped by the US Census Bureau at 47.2402, -94.2120.
• Nearest larger cities: Bena (7 mi); Longville (17 mi); Remer (19 mi); Walker (20 mi); Cass Lake (21 mi). Lenders licensed in the state serve Federal Dam whether or not they keep a local branch.
• Smaller towns nearby: Boy River (6 mi); Zemple (21 mi); Squaw Lake (27 mi).
• Smaller places within 50 miles: 9 of them.
• Larger places within 100 miles: 148.

Where Federal Dam sits

Inside Federal Dam's boundaries lie roughly 2.2 square miles of land and 0.02 square miles of water. That land carries about 56 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 164 miles away. Counting outward 50 miles, 38 larger communities surround Federal Dam. The 100-mile radius contains 148 larger places.

The anatomy of a Federal Dam personal loan

A Federal Dam personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 124 residents. Federal Truth in Lending rules require a Federal Dam lender to disclose the APR and finance charge before you sign. Because the payment is fixed, the total cost of a Federal Dam loan is knowable in advance — unlike a revolving card balance.

A practical checklist for Federal Dam borrowers

These steps shape the offer you get in Federal Dam, a place of about 124 people:

1. Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
2. Use the loan calculator to test the payment on your intended amount and term.
3. Shop at least three lenders and judge them on APR and total cost.
4. Verify the lender's Minnesota licence with the regulator listed on this page.
5. Do not borrow more than the expense calls for, even if a lender approves a larger amount.
6. Decide the purpose and how you will repay it before approaching any lender.
7. When debt already feels heavy, a nonprofit credit counsellor is worth a call first.

None of these steps is Federal Dam-specific: the same Minnesota licensing and disclosure rules reach all 124 residents.

Minnesota consumer-lending rules applied in Federal Dam

For the roughly 124 residents of Federal Dam, the rules below are Minnesota's own; each row carries its publisher and retrieval date.

Federal Dam in state context

Within Minnesota, Federal Dam holds roughly 0.0% of all residents, the 728th-largest share among 853 places. Its 2020-to-2023 change ranks 256th of 853 Minnesota places, putting it near the 70th percentile for growth. Its roughly 56 residents per square mile place it 818th among Minnesota's places. Within 50 miles sit 9 smaller Census places, alongside the 38 that are larger.