Penney Farms at a glance
- Population: 838 residents, the 340th-largest of 411 places in Florida (US Census Bureau, Vintage 2023).
- 2020 Census base: 820 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: roughly 2.2% higher than at the 2020 Census (US Census Bureau).
- Rank among Florida places: 340th in population of 411 places (US Census Bureau).
- Size percentile: roughly 17% of Florida's places have fewer residents (US Census Bureau).
- Coordinates: 29.9807 / -81.8108, per the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Green Cove Springs, FL (8 mi); Orange Park, FL (15 mi); Starke, FL (18 mi); Keystone Heights, FL (19 mi); Palatka, FL (25 mi) (US Census Bureau populations).
- Smaller places close by: Lawtey, FL (16 mi); Hampton, FL (21 mi); Waldo, FL (25 mi) (US Census Bureau).
What a personal loan costs in Penney Farms
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
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.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Florida lending rules that apply in Penney Farms
Each row below is a Florida rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Penney Farms
A few practical steps will make the process in Penney Farms 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 Florida using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.