Personal loans in Parachute, CO

About 1,365 people live in Parachute, placing it 135th of 270 Census places in Colorado. Parachute lost roughly 2.2% of its population across the 2020-to-2023 comparison.

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

Compare loan offers Run the numbers first

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In Parachute, one of 270 Census places in Colorado, the figure to compare across lenders is the APR, not the advertised rate. When Colorado caps or restricts a product, lenders either change the terms or withdraw it from Parachute as from the rest of the state. Work out your debt-to-income ratio first; lenders weigh it heavily, and Parachute's 1,365 residents are no exception. The nearest larger city is Rifle, CO about 16 miles away.

Where Parachute stands

What follows is Parachute's place in the Census record, alongside the Colorado rules that govern a personal loan made here.

Population: 1,365 — Parachute ranks 135th of 270 communities in Colorado (US Census Bureau, Vintage 2023).
Population trend: Roughly 2.2% fewer residents than the 2020 Census counted.
People gained or lost: about 30 fewer since the 2020 base.
Size percentile: Parachute's 1,365 people outrank roughly 50% of the places in Colorado.
Population density: about 597 people per square mile across 2.3 square miles of land (Census Gazetteer area, Vintage 2023 population).
Land area: Parachute covers 2.3 square miles, the 117th-largest area among Colorado's 270 places.
Water area rank: Parachute ranks 40th among Colorado's 270 places, with 0.10 sq mi.
Share of state population: Parachute's 1,365 residents are about 0.0% of Colorado.
National standing: Parachute ranks 9,060th of 19,457 US places.
Growth rank: Parachute's 2020-to-2023 change ranks 188th of 270 places in Colorado.
Versus Colorado: the state average change is +2.3%, while Parachute moved 2.2%.
Density rank: Parachute places 204th among Colorado's places by people per square mile.
Density in context: Parachute's 597 people per square mile sit against a Colorado median of 1,126.
Location: latitude 39.4468, longitude -108.0521 (Census Gazetteer).
Nearest larger cities: Rifle (16 mi); Silt (22 mi); Palisade (29 mi); New Castle (29 mi); Grand Junction (37 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
Smaller places close by: De Beque (12 mi); Collbran (15 mi); Hotchkiss (48 mi).
Smaller places within 50 miles: 3 of them.
Larger places within 100 miles: 30.

Inside a Parachute personal loan

Most loans made to Parachute's 1,365 residents are unsecured, so nothing is pledged and the lender relies on your credit history. Federal Truth in Lending rules require a Parachute lender to disclose the APR and finance charge before you sign. Because the payment is fixed, the total cost of a Parachute loan is knowable in advance — unlike a revolving card balance.

How Parachute compares across Colorado

Within Colorado, Parachute holds roughly 0.0% of all residents, the 135th-largest share among 270 places. Its 2020-to-2023 change ranks 188th of 270 Colorado places, putting it near the 30th percentile for growth. By density, at about 597 people per square mile, it ranks 204th in Colorado. Within 50 miles sit 3 smaller Census places, alongside the 13 that are larger.

Borrowing reach in Parachute

With about 597 residents per square mile, Parachute is moderately settled, and 13 larger Census places sit within 50 miles. A Colorado licence lets a lender serve Parachute without a local office, so branch density does not change what its 1,365 residents are offered. For a larger market, the closest option is Rifle, CO about 16 miles away.

Colorado consumer-lending rules applied in Parachute

These are Colorado's sourced lending facts as they reach Parachute's 1,365 residents; the state has no city-level rate rule.

Rule	Detail	Source
State lending regulator	Colorado Attorney General's Office — Consumer Credit Unit (Administrator of the Uniform Consumer Credit Code) Source says: "The Consumer Credit Unit regulates (through licensure/registration programs) companies and individuals involved in consumer lending"; it "licenses non-bank lenders such as finance companies and payday lenders".	Colorado Attorney General — Consumer Protection Section as of 2026-09-16
Small-loan / installment lender licensing	Supervised lender license required from the UCCC Administrator (master license required for more than one place of business); deferred deposit lenders must hold a supervised lender's license Source says: "if a supervised lender has more than one place of business, they must obtain a master license"; "no person shall engage in the business of deferred deposit loans without having first obtained a supervised lender's license" (C.R.S. § 5-3.1-116).	Colorado Attorney General — Uniform Consumer Credit Code licensing as of 2026-09-16
Maximum legal interest rate (usury cap)	UCCC finance-charge ceilings: 12% per year on non-supervised consumer loans; supervised loans 36% on the first $1,000, 21% on $1,000–$3,000, 15% above $3,000 (or 21% flat); 21% on revolving accounts Source says: "not exceeding twelve percent per year on the unpaid balance of the amount financed"; "Thirty-six percent per year on that part of the unpaid balances of the amount financed that is one thousand dollars or less"; "Twenty-one percent per year on the unpaid balances of the amount financed".	Colorado General Assembly — C.R.S. § 5-2-201 (Colorado Revised Statutes 2024, Title 5) as of 2026-09-16

Before you apply in Parachute

Before you apply in Parachute, a community of about 1,365, work through these steps:

Pull your credit reports first and correct any error before a lender sees the file.
Test your amount and term in the personal loan calculator first.
Get several pre-qualifications and compare APR side by side before choosing.
Look the lender up in the Colorado regulator's licence records before you sign.
Pick the shortest term whose payment you can comfortably afford.
Keep the amount to the expense; an approval is not a reason to take more.
Be clear on what the loan is for and how it gets repaid.

In Parachute as elsewhere in Colorado, the written terms — not the advertisement — are what count for its 1,365 residents.

Compare personal loan offers Run the numbers first

Common questions

What are my options in Parachute 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 Parachute is the same as anywhere in Colorado.

What loan size can I expect in Parachute?

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 Parachute?

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 Parachute 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.

Nearby places

De Beque, CO — population 477
Collbran, CO — population 366
Rifle, CO — population 10,563
Silt, CO — population 3,697
Palisade, CO — population 2,602
New Castle, CO — population 4,866
Cedaredge, CO — population 2,410
Meeker, CO — population 2,368