Cherry Valley at a glance
- Population: 567, the 244th-largest community in Arkansas out of 500 (US Census Bureau, Vintage 2023).
- 2020 Census base: 574 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 1.2% below the 2020 Census base (US Census Bureau).
- Rank among Arkansas places: 244th largest of 500 (US Census Bureau).
- Size percentile: about 51% of Arkansas's Census places are smaller (US Census Bureau).
- Coordinates: 35.4028 latitude, -90.7536 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Harrisburg, AR (11 mi); Wynne, AR (12 mi); Parkin, AR (15 mi); Weiner, AR (17 mi); Earle, AR (19 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller communities: Hickory Ridge, AR (14 mi); Fisher, AR (14 mi); Waldenburg, AR (15 mi), each a US Census place.
What a personal loan costs in Cherry Valley
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Arkansas lending rules that apply in Cherry Valley
Read the table as the compliance picture for a lender serving Cherry Valley: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Not permitted — all storefront payday lending eliminated; the Attorney General has worked to eliminate all forms of payday lending since 2008 Source says: "the Attorney General's office has worked to eliminate all forms of payday lending in Arkansas"; "all storefront payday loan operations in Arkansas have been shut down". | Arkansas Attorney General — Consumer Protection Division as of 2026-09-16 |
| Small-loan / installment lender licensing | See the latest published figure value_text left null: the State Bank Department does not publish a consumer small-loan license rate schedule that could be verified; storefront payday lending has been eliminated (see Payday lending status). See the linked regulator page for the licensee categories it supervises. | Arkansas State Bank Department as of 2026-09-16 |
| State lending regulator | Arkansas State Bank Department Source says: "The Department is charged with regulating state-chartered commercial banks with main offices in Arkansas". | Arkansas State Bank Department as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 17% per annum for loans not made by or to governmental units or by federally insured depository institutions (Amendment 89, effective January 1, 2011) Source says: "shall not exceed seventeen percent (17%) per annum". | Arkansas Legislature — Arkansas Constitution, Amendment 89, § 3 (proposed by H.J.R. 1004 of 2009) as of 2026-09-16 |
How to compare offers in Cherry Valley
A few practical steps will make the process in Cherry Valley less costly:
- 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 Arkansas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.