Archer at a glance
- Population: 1,154 (US Census Bureau, Vintage 2023 subcounty estimate), the 327th-largest of 411 places in Florida.
- 2020 Census base: 1,142 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: up about 1.1% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Florida places: 327th out of 411 Census places (US Census Bureau).
- Size percentile: about 20% of places in Florida are smaller (US Census Bureau).
- Coordinates: 29.5597, -82.5729 (US Census Bureau Gazetteer).
- Nearest larger cities: Newberry, FL (6 mi); Bronson, FL (9 mi); Williston, FL (14 mi); Trenton, FL (15 mi); Alachua, FL (15 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: Micanopy, FL (18 mi); Otter Creek, FL (20 mi); Bell, FL (22 mi) (US Census Bureau).
What a personal loan costs in Archer
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Florida lending rules that apply in Archer
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Florida Office of Financial Regulation (OFR) Source says: "The Office of Financial Regulation is a state-government agency created by the Governor and Cabinet to provide regulatory oversight for Florida's financial services industry". | Florida Office of Financial Regulation as of 2026-09-16 |
| Deferred presentment fee cap | 10% of the amount provided (transactions not repayable in installments) Source says: "A deferred presentment provider or its affiliate may not charge fees that exceed 10 percent of the currency or payment instrument provided". | Florida Legislature (The Florida Senate, Online Sunshine) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 18% per annum simple interest (loans/advances of $500,000 or less; loans above $500,000 are exempt from this cap) Source says: "it shall be usury and unlawful ... to ... charge ... a rate of interest greater than the equivalent of 18 percent per annum simple interest". | Florida Legislature (The Florida Senate, Online Sunshine) as of 2026-09-16 |
| Payday lending status | Permitted under license (deferred presentment providers; money services business license under chapter 560) Source says: "Businesses intending to engage in deferred presentment transactions must be licensed as a money services business under chapter 560, Florida Statutes". | Florida Office of Financial Regulation as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer finance loan license required (chapter 516) Source says: "A person must not engage in the business of making consumer finance loans ... unless ... the person first obtains a license from the office". | Florida Legislature (The Florida Senate, Online Sunshine) as of 2026-09-16 |
How to compare offers in Archer
The order below is a sensible way to approach a loan in Archer:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Florida using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.