Personal loans in Sherwood, ND
A lender serving Sherwood holds a North Dakota licence and answers to a North Dakota regulator; no city office is involved for its 189 residents.
The Census counts 189 people in Sherwood, the 163rd-largest figure among North Dakota's 355 places. Rate-shopping from Sherwood costs nothing at pre-qualification, where a soft pull leaves your credit file alone. Census figures put the 2020-to-2023 increase in Sherwood at about 0.5%. State law, not city hall, decides what a lender may do to Sherwood's roughly 189 residents, and a state regulator supervises it. For a bigger market, look to Mohall, ND about 15 miles away.
Sherwood: the sourced local profile
What follows is Sherwood's place in the Census record, alongside the North Dakota rules that govern a personal loan made here.
- Population: about 189, ranked 163rd of 355 places in North Dakota (Census Vintage 2023 subcounty estimate).
- Population trend: Up about 0.5% from the 2020 Census base to the 2023 estimate.
- Change in people: the 2020-to-2023 comparison is a gain of about 1 residents.
- Size percentile: Sherwood's 189 people outrank roughly 54% of the places in North Dakota.
- Density: roughly 598 residents per square mile, spread over 0.3 sq mi of land.
- By land area: Sherwood ranks 249th among North Dakota's 355 places, at 0.3 sq mi.
- Share of state population: Sherwood's 189 residents are about 0.0% of North Dakota.
- National rank: Sherwood is the 16,647th most populous of the 19,457 Census places covered here.
- Growth rank: Sherwood's 2020-to-2023 change ranks 43rd of 355 places in North Dakota.
- State comparison: North Dakota's places average -1.2% for 2020-to-2023, against Sherwood's 0.5%.
- Density rank: Sherwood is the 116th most densely settled place in North Dakota.
- Density in context: Sherwood's 598 people per square mile sit against a North Dakota median of 352.
- Location: the Census Gazetteer records it at 48.9619, -101.6328.
- Nearest larger cities: Mohall (15 mi); Lansford (26 mi); Westhope (28 mi); Kenmare (28 mi); Bowbells (30 mi). For most borrowers the comparison happens online, not at a branch.
- Smaller towns nearby: Loraine (7 mi); Antler (16 mi); Tolley (18 mi).
- Smaller places within 50 miles: 17 of them.
- Within 100 miles: 32 places are larger than Sherwood.
Sherwood against the rest of North Dakota
Sherwood is the 163rd-largest of 355 Census places in North Dakota and contains about 0.0% of the state's people. For population change between 2020 and 2023, Sherwood ranks 43rd of 355 in North Dakota (about the 88th percentile). By density, at about 598 people per square mile, it ranks 116th in North Dakota. The population moved by about 1 people between 2020 and 2023, a 0.5% shift.
Lender access in Sherwood
At roughly 598 people per square mile, Sherwood is moderately settled; 8 larger places lie within 50 miles. A North Dakota licence lets a lender serve Sherwood without a local office, so branch density does not change what its 189 residents are offered. The nearest larger city, Mohall, ND about 15 miles away.
Land, water and location for Sherwood
Inside Sherwood's boundaries lie about 0.3 square miles of land, with no significant water area recorded. Spread across it are roughly 598 residents per square mile. The state's population centre of gravity, Fargo, is roughly 265 miles away. Sherwood has 8 larger places within a 50-mile radius. The 100-mile radius contains 32 larger places.
The North Dakota lending rules that reach Sherwood
Read the table as a lender's compliance picture for Sherwood: the rule, the sourced figure, the publisher and the date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | North Dakota Department of Financial Institutions (NDDFI) Source says: "The Department also licenses and regulates Money Brokers... Deferred Presentment Service Providers (Payday Lenders), Collection Agencies, Debt Settlement Service Providers, and Money Transmitters." | North Dakota Department of Financial Institutions as of 2026-09-16 |
| Usury penalties (state-specific rule) | Usury forfeits all interest plus 25% of principal; charging usurious interest is a class B misdemeanor. Source says: "shall be deemed a forfeiture of the entire interest" and "a forfeiture of twenty-five percent of the principal" (N.D.C.C. 47-14-10); usury is a class B misdemeanor (47-14-11). | North Dakota Legislative Branch as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | Formula ceiling: 6-month U.S. Treasury bill average + 5.5 percentage points, never less than 7%; NDDFI-published rate for September 2026: 9.204%. Source says: "The rate is equal to five and one-half percent (5.5%) higher than the current cost of money" and "the maximum allowable interest rate ceiling may not be less than seven (7) percent" (NDDFI Usury Rate page; September 2026 rate 9.204%). | North Dakota Department of Financial Institutions as of 2026-09-16 |
What a Sherwood borrower is actually offered
A Sherwood personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 189 residents. The rate you see advertised is a range, not a promise, until a lender reviews your file in Sherwood. Because the payment is fixed, the total cost of a Sherwood loan is knowable in advance — unlike a revolving card balance.
Common questions
What are my options in Sherwood if my credit is poor?
What loan size can I expect in Sherwood?
Do I have to pledge anything to borrow in Sherwood?
Does comparing loans in Sherwood cost me credit score points?
Nearby places
- Loraine, ND — population 10
- Mohall, ND — population 689
- Tolley, ND — population 42
- Grano, ND — population 10
- Antler, ND — population 21
- Lansford, ND — population 235
- Donnybrook, ND — population 73
- Carpio, ND — population 138