Personal loans in Florence, MN

Pull your credit reports and line up at least three offers before you apply from Florence. Consumer lending that reaches Florence's 25 residents is governed by Minnesota statute; no city ordinance changes it. Florence's population was effectively unchanged from the 2020 count to the 2023 estimate. A larger market lies at Ruthton, MN about 5 miles away.

The Florence data picture

Here is the sourced Census picture for Florence, plus the Minnesota lending rules that apply to a loan taken out here.

• Population: about 25, ranked 846th of 853 places in Minnesota (Census Vintage 2023 subcounty estimate).
• Population trend: About level with the 2020 Census.
• Size percentile: Florence sits ahead of around 1% of Minnesota places, at 25 people.
• Density: the Census land area of 0.1 sq mi holds about 231 people per square mile.
• Land area rank: Florence's 0.1 square miles rank 848th of 853 places in Minnesota.
• Within Minnesota: about 0.0% of the state's population lives in Florence.
• National rank: Florence sits 19,282nd by population among the 19,457 places in this dataset.
• Growth in Minnesota: Florence stands 353rd by percentage change from 2020 to 2023, among 853 places.
• Against the state trend: Florence's 0.0% change compares with a Minnesota average of +0.1% across its 853 places.
• Density rank: Florence is the 658th most densely settled place in Minnesota.
• Density in context: Florence's 231 people per square mile sit against a Minnesota median of 607.
• Location: it lies at 44.2372, -96.0519 in the Census Gazetteer.
• Nearest larger cities: Ruthton (5 mi); Tyler (5 mi); Russell (8 mi); Balaton (9 mi); Arco (12 mi). Online lenders reach Florence no matter how far the nearest branch is.
• Smaller places nearby: Kinbrae (40 mi); Hetland (59 mi); Albee (61 mi).
• Smaller places within 50 miles: 1 of them.
• Within 100 miles: 363 places are larger than Florence.

The state rulebook for Florence

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

How Florence compares across Minnesota

Within Minnesota, Florence holds roughly 0.0% of all residents, the 846th-largest share among 853 places. For population change between 2020 and 2023, Florence ranks 353rd of 853 in Minnesota (about the 59th percentile). Its roughly 231 residents per square mile place it 658th among Minnesota's places. By land area, its 0.1 square miles rank 848th of 853 places in Minnesota.

Land, water and location for Florence

Florence's land area is roughly 0.1 square miles, and the Gazetteer records no significant water area within it. With 25 residents, the land area yields roughly 231 people per square mile. The largest place in Minnesota, Minneapolis, lies about 146 miles away. Counting outward 50 miles, 100 larger communities surround Florence. By land area it ranks 848th of 853 Minnesota places.

Getting a loan in Florence

Florence is lightly settled, with about 231 people per square mile and 100 larger places within 50 miles. A Minnesota licence lets a lender serve Florence without a local office, so branch density does not change what its 25 residents are offered. For a larger market, the closest option is Ruthton, MN about 5 miles away.

Inside a Florence personal loan

With roughly 25 residents, Florence is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. Two numbers drive a Florence loan: the APR, which includes fees, and the term, which decides how long you keep paying. The term you choose in Florence decides the split between a comfortable payment and the total interest you pay.