Sherwood at a glance
- Population: 33,118 — 13th in Arkansas, which has 500 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 32,762 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: an increase of about 1.1% since the 2020 count (US Census Bureau).
- Rank among Arkansas places: the 13th-largest of 500 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 97% of places in Arkansas rank below it by population (US Census Bureau).
- Coordinates: 34.8520 / -92.2045, per the US Census Bureau Gazetteer.
- Nearest larger cities: North Little Rock, AR (5 mi); Little Rock, AR (12 mi); Conway, AR (21 mi); Benton, AR (28 mi); Pine Bluff, AR (46 mi); each population is a US Census Bureau estimate.
- Nearest smaller towns: Jacksonville, AR (5 mi); Cammack Village, AR (9 mi); Maumelle, AR (11 mi) (US Census Bureau).
What a personal loan costs in Sherwood
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Arkansas lending rules that apply in Sherwood
Read the table as the compliance picture for a lender serving Sherwood: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
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 Arkansas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.