Personal loans in Floodwood, MN

A 2020-to-2023 comparison shows Floodwood down by about 0.8%. Read the disclosure for an origination fee and any prepayment penalty before signing in Floodwood. The nearest larger city is Cloquet, MN about 23 miles away. Every figure below is Minnesota's own, applied to Floodwood's 518 residents, with the publisher and retrieval date attached.

Borrowing in Floodwood: the local picture

Most of what governs a Floodwood loan is written in Minnesota law rather than in the city; the sourced notes below make that split concrete.

• Population: about 518 people live here, which puts Floodwood 483rd of 853 Census places in Minnesota (Vintage 2023).
• Population trend: Down about 0.8% from the 2020 Census base to the 2023 estimate.
• Change in people: the 2020-to-2023 comparison is a loss of about 4 residents.
• Size percentile: roughly 43% of Minnesota places rank below Floodwood.
• Land and density: 1.7 square miles of land carry roughly 299 residents per square mile.
• By land area: Floodwood ranks 360th among Minnesota's 853 places, at 1.7 sq mi.
• Share of Minnesota: Floodwood holds about 0.0% of the state's population, some 518 people.
• National rank: Floodwood is the 13,016th most populous of the 19,457 Census places covered here.
• Growth in Minnesota: Floodwood stands 431st by percentage change from 2020 to 2023, among 853 places.
• Against the state trend: Floodwood's 0.8% change compares with a Minnesota average of +0.1% across its 853 places.
• Density rank: Floodwood places 614th among Minnesota's places by people per square mile.
• Density vs Minnesota: Floodwood's 299 people per square mile compare with a state median of 607.
• Location: 46.9106, -92.9059 (Census Gazetteer coordinates).
• Nearest larger cities: Cloquet (23 mi); Scanlon (27 mi); Carlton (29 mi); Barnum (30 mi); Hermantown (32 mi). A bigger neighbour may offer more branches; the rate you see still follows your credit, not your address.
• Nearest smaller towns: Meadowlands (14 mi); Brookston (15 mi); Cromwell (16 mi) — useful context for the surrounding area.
• Smaller neighbours: 25 places smaller than Floodwood sit within 50 miles.
• Larger places within 100 miles: 94.

How Floodwood compares across Minnesota

Set beside Minnesota's 853 places, Floodwood ranks 483rd by population and holds about 0.0% of the state total. On the 2020-to-2023 trend, Floodwood stands 431st among Minnesota's 853 places — roughly the 49th percentile. At about 299 people per square mile, Floodwood is the 614th most densely settled place in Minnesota. Within 50 miles sit 25 smaller Census places, alongside the 29 that are larger.

Floodwood: area, density and distance

Floodwood's land area is roughly 1.7 square miles, and the Gazetteer records no significant water area within it. With 518 residents, the land area yields roughly 299 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 136 miles away. Floodwood has 29 larger places within a 50-mile radius. The 100-mile radius contains 94 larger places.

The Minnesota lending rules that reach Floodwood

Below are the Minnesota rules that apply to a loan made in Floodwood, each with the regulator that issued it.

The anatomy of a Floodwood personal loan

Most loans made to Floodwood's 518 residents are unsecured, so nothing is pledged and the lender relies on your credit history. A lender serving Floodwood's 518 residents must disclose the APR and finance charge in writing before you sign. The term you choose in Floodwood decides the split between a comfortable payment and the total interest you pay.

A practical checklist for Floodwood borrowers

Before you hand your details to a lender in Floodwood, where the population is near 518:

1. Start with the credit file: order the reports, fix the errors, then apply.
2. Price the payment first with our personal loan calculator before any lender quotes you.
3. Line up several pre-qualified offers and let the APR decide.
4. Make sure the lender appears in the Minnesota regulator's licence list.
5. Pick the shortest term whose payment you can comfortably afford.
6. Borrow only what the purpose requires, not the maximum you are offered.
7. Decide the purpose and how you will repay it before approaching any lender.

None of these steps is Floodwood-specific: the same Minnesota licensing and disclosure rules reach all 518 residents.