Sherwood at a glance
- Population: about 3,222, 203rd by size in Wisconsin of 605 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 3,273 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a loss of about 1.6% since the 2020 count (US Census Bureau).
- Rank among Wisconsin places: 203rd of 605 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 66% of Wisconsin's Census places are smaller (US Census Bureau).
- Coordinates: 44.1769 / -88.2750, per the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Harrison, WI (1 mi); Combined Locks, WI (6 mi); Kimberly, WI (7 mi); Kaukauna, WI (7 mi); Menasha, WI (8 mi) (US Census Bureau).
- Nearest smaller places: Hilbert, WI (6 mi); Stockbridge, WI (8 mi); Potter, WI (9 mi) (US Census Bureau estimates).
What a personal loan costs in Sherwood
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Wisconsin lending rules that apply in Sherwood
The table carries the Wisconsin rate and licensing rules that apply to consumer loans made in Sherwood.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Licensed lender license required from the Division of Banking (Wis. Stat. § 138.09) Source says: Before any person may do business under this section, that person shall first obtain a license from the division. | Wisconsin State Legislature as of 2026-09-16 |
| State lending regulator | Wisconsin Department of Financial Institutions (DFI), Division of Banking Source says: "Department" means the department of financial institutions | Wisconsin State Legislature as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per year maximum ($12 per $100) on the declining principal balance, except as authorized by other statutes (Wis. Stat. § 138.05(1)(a)) Source says: At the rate of $12 upon $100 for one year computed upon the declining principal balance of the loan or forbearance | Wisconsin State Legislature as of 2026-09-16 |
| Payday lending status | Legal and licensed by the DFI Division of Banking; statewide database tracking (Wis. Stat. § 138.14) Source says: "Licensee" means a person holding a license issued by the division under sub. (5) | Wisconsin State Legislature as of 2026-09-16 |
How to compare offers in Sherwood
Before you share your details with a lender in Sherwood:
- 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 Wisconsin using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.