Horseshoe Bend at a glance
- Population: 2,543 residents, the 112th-largest of 500 places in Arkansas (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,432 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: population rose about 4.6% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Arkansas places: 112th by size among 500 communities (US Census Bureau).
- Size percentile: it is larger than about 78% of the places in Arkansas (US Census Bureau).
- Coordinates: it sits at 36.2187, -91.7383 in the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Cherokee Village, AR (11 mi); Batesville, AR (32 mi); Mountain View, AR (32 mi); Southside, AR (35 mi); West Plains, MO (37 mi) (US Census Bureau).
- Nearest smaller communities: Franklin, AR (4 mi); Ash Flat, AR (7 mi); Oxford, AR (10 mi), each a US Census place.
What a personal loan costs in Horseshoe Bend
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
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 Horseshoe Bend
Each row below is a Arkansas rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Horseshoe Bend
These steps are the ones that most affect the offer you receive in Horseshoe Bend:
- 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.