Horseshoe Lake at a glance
- Population: about 255 residents, ranking 345th of 500 Census places in Arkansas (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 263 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a decline of roughly 3.0% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Arkansas places: 345th out of 500 Census places (US Census Bureau).
- Size percentile: about 31% of places in Arkansas are smaller (US Census Bureau).
- Coordinates: 34.9138, -90.3077 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (within 120 miles): Walls, MS (8 mi); Hughes, AR (10 mi); Horn Lake, MS (15 mi); Tunica, MS (16 mi); West Memphis, AR (17 mi) (US Census Bureau populations).
- Nearest smaller towns: Anthonyville, AR (9 mi); Edmondson, AR (13 mi); Jennette, AR (18 mi) (US Census Bureau).
What a personal loan costs in Horseshoe Lake
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Arkansas lending rules that apply in Horseshoe Lake
The sourced rows below are the rules a licensed lender must follow when lending in Arkansas, and therefore in Horseshoe Lake.
| 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 Lake
The order below is a sensible way to approach a loan in Horseshoe Lake:
- 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.