Personal loans in Friendship, TN

State law, not city hall, decides what a lender may do to Friendship's roughly 615 residents, and a state regulator supervises it. Friendship is home to roughly 615 people and stands 270th by size out of 344 Census places in Tennessee. In Friendship, one of 344 Census places in Tennessee, the figure to compare across lenders is the APR, not the advertised rate. Friendship gained roughly 0.7% in population across the 2020-to-2023 comparison. Rate-shopping from Friendship costs nothing at pre-qualification, where a soft pull leaves your credit file alone. The nearest larger metro is Halls, TN about 10 miles away.

By the Personalloaner Editorial Team · Last updated 2026-09-16

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Friendship by the numbers

Only a few things actually differ by place — population, area, location, and the Tennessee rules a lender must follow — and they are below.

A pre-application checklist for Friendship

Before you hand your details to a lender in Friendship, where the population is near 615:

  1. Get your credit reports, dispute what is wrong, and only then start shopping.
  2. Test your amount and term in the personal loan calculator first.
  3. Line up several pre-qualified offers and let the APR decide.
  4. Confirm the Tennessee licence with the regulator named above before committing.
  5. Pick the shortest term whose payment you can comfortably afford.
  6. Do not borrow more than the expense calls for, even if a lender approves a larger amount.
  7. Be clear on what the loan is for and how it gets repaid.

What differs between Friendship and the rest of Tennessee is not the process but the borrower's own file, among the 615 people here.

The state rulebook for Friendship

This table holds the Tennessee rate and licensing rules for consumer loans made to Friendship's 615 residents.

RuleDetailSource
State lending regulatorTennessee Department of Financial Institutions (TDFI)
Source says: The Department regulates banks, credit unions, trust companies, business and industrial development corporations, industrial loan and thrift companies
Tennessee Department of Financial Institutions (TDFI)
as of 2026-09-16
Payday lending statusLicensed; deferred presentment services (payday) lenders must obtain a TDFI license, including internet lenders (Tenn. Code Ann. § 45-17-103)
Source says: deferred presentment services in this state through the use of the internet, facsimile, telephone, or other means without having first obtained a license
Tennessee Department of Financial Institutions (TDFI)
as of 2026-09-16
Small-loan / installment lender licensingTDFI Compliance Division licenses industrial loan & thrift companies, deferred presentment companies, flexible credit companies, and other consumer lenders
Source says: The Compliance Division is responsible for the licensing and regulatory supervision of the following types of financial institutions operating in Tennessee
Tennessee Department of Financial Institutions (TDFI)
as of 2026-09-16

Friendship's place among Tennessee's 344 places

Set beside Tennessee's 344 places, Friendship ranks 270th by population and holds about 0.0% of the state total. On the 2020-to-2023 trend, Friendship stands 213th among Tennessee's 344 places — roughly the 38th percentile. Its roughly 466 residents per square mile place it 209th among Tennessee's places. The population moved by about 4 people between 2020 and 2023, a 0.7% shift.

Where Friendship sits

The Census Gazetteer records about 1.3 square miles of land within Friendship, with no significant water area listed. With 615 residents, the land area yields roughly 466 people per square mile. The largest place in Tennessee, Memphis, lies about 69 miles away. Counting outward 50 miles, 54 larger communities surround Friendship. By land area it ranks 289th of 344 Tennessee places.

What shapes a Friendship personal loan

In Friendship, a small community of about 615, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Federal Truth in Lending rules require a Friendship lender to disclose the APR and finance charge before you sign. Shortening the term on a Friendship loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Friendship if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Friendship is the same as anywhere in Tennessee.
What loan size can I expect in Friendship?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Friendship?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Friendship cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

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