Personal loans in Springfield, CO

Springfield shed about 3.0% of its population between the 2020 base and the 2023 estimate. Two households in Springfield with comparable incomes can still be offered different rates; the city's 1,290 residents are not the reason.

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

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Roughly 1,290 residents live in Springfield, the 136th-largest community in Colorado. The nearest larger metro is Lamar, CO about 46 miles away. State law, rather than federal rules alone, supplies the rate caps and licensing rules that reach Springfield's 1,290 residents. If debt is already a strain, a nonprofit credit counsellor can help Springfield residents before they take on more.

Local context for Springfield

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

Population: about 1,290, ranked 136th of 270 places in Colorado (Census Vintage 2023 subcounty estimate).
Population trend: Roughly 3.0% fewer residents than the 2020 Census counted.
Absolute change: 40 residents lost between 2020 and 2023.
Size percentile: roughly 50% of Colorado places rank below Springfield.
Density: the Census land area of 1.1 sq mi holds about 1,146 people per square mile.
Land area rank: Springfield's 1.1 square miles rank 159th of 270 places in Colorado.
Share of state population: Springfield's 1,290 residents are about 0.0% of Colorado.
Nationally: Springfield is the 9,279th-largest of 19,457 Census places in the dataset.
Growth rank: Springfield's 2020-to-2023 change ranks 216th of 270 places in Colorado.
Versus Colorado: the state average change is +2.3%, while Springfield moved 3.0%.
Density in Colorado: Springfield ranks 130th by people per square mile.
Density vs Colorado: Springfield's 1,146 people per square mile compare with a state median of 1,126.
Location: 37.4049, -102.6189 (Census Gazetteer coordinates).
Nearest larger cities: Lamar (46 mi); Elkhart (49 mi); Johnson City (49 mi); Las Animas (57 mi); Syracuse (59 mi). Online lenders reach Springfield no matter how far the nearest branch is.
Nearest smaller towns: Vilas (10 mi); Pritchett (13 mi); Two Buttes (16 mi).
Smaller neighbours: 11 places smaller than Springfield sit within 50 miles.
Larger places within 100 miles: 19.

What is available to Springfield borrowers

With about 1,146 residents per square mile, Springfield is moderately settled, and 3 larger Census places sit within 50 miles. Distance to a branch rarely matters for Springfield's 1,290 residents: the application is online and the price follows your credit file. The nearest larger city, Lamar, CO about 46 miles away.

Where Springfield sits

Springfield's land area is roughly 1.1 square miles, and the Gazetteer records no significant water area within it. The resulting density is about 1,146 people per square mile. Denver, the largest place in Colorado, is about 204 miles from Springfield. Within 50 miles of Springfield there are 3 larger Census places. By land area it ranks 159th of 270 Colorado places.

What Colorado law requires in Springfield

Read the table as a lender's compliance picture for Springfield: the rule, the sourced figure, the publisher and the date.

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
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
Payday lending status	Permitted but capped at 36% APR (Proposition 111, effective February 1, 2019) Source says: "a finance charge for each deferred deposit loan or payday loan that must not exceed an annual percentage rate of thirty-six percent".	Colorado General Assembly — C.R.S. § 5-3.1-105 (Deferred Deposit Loan Act) as of 2026-09-16

Inside a Springfield personal loan

A Springfield personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 1,290 residents. Federal Truth in Lending rules require a Springfield lender to disclose the APR and finance charge before you sign. Because the payment is fixed, the total cost of a Springfield loan is knowable in advance — unlike a revolving card balance.

The Springfield borrowing checklist

Complete these steps first when you borrow in Springfield (1,290 residents):

Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
Test your amount and term in the personal loan calculator first.
Collect three or more offers and compare them on APR, not on the advertised rate.
Verify the lender's Colorado licence with the regulator listed on this page.
Choose a term you can live with; stretching it lowers the payment but raises total interest.
Do not borrow more than the expense calls for, even if a lender approves a larger amount.
Write down the purpose of the loan and your repayment plan before you apply.

In Springfield as elsewhere in Colorado, the written terms — not the advertisement — are what count for its 1,290 residents.

Compare personal loan offers Run the numbers first

Common questions

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

What loan size can I expect in Springfield?

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 Springfield?

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 Springfield 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

Vilas, CO — population 94
Pritchett, CO — population 108
Two Buttes, CO — population 32
Campo, CO — population 97
Walsh, CO — population 512
Lamar, CO — population 7,525
Boise City, OK — population 1,109
Keyes, OK — population 260