Personal loans in Canton, MN

In Canton, one of 853 Census places in Minnesota, the figure to compare across lenders is the APR, not the advertised rate. Decide the purpose of the loan and your repayment plan before sharing any details with a Canton lender. For the 314 people in Canton, Minnesota runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. Borrowers who want a bigger city can look to Harmony, MN about 4 miles away.

Where Canton stands

Here is the sourced Census picture for Canton, plus the Minnesota lending rules that apply to a loan taken out here.

• Population: 314 residents; Canton is the 582nd-largest of 853 places in Minnesota (US Census Bureau, Vintage 2023).
• Population trend: About 1.0% above the 2020 Census base.
• Net change: roughly 3 more people than the 2020 Census counted.
• Size percentile: about 32% of Minnesota communities are smaller than Canton (314 residents).
• Population density: about 305 people per square mile (Census land area 1.0 sq mi).
• Land area rank: Canton's 1.0 square miles rank 496th of 853 places in Minnesota.
• State share: roughly 0.0% of Minnesota's residents live in Canton (314 people).
• Nationally: Canton is the 14,958th-largest of 19,457 Census places in the dataset.
• Growth rank: Canton's 2020-to-2023 change ranks 244th of 853 places in Minnesota.
• State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Canton's 1.0%.
• Density in Minnesota: Canton ranks 607th by people per square mile.
• Density in context: Canton's 305 people per square mile sit against a Minnesota median of 607.
• Location: coordinates 43.5298, -91.9300 (US Census Bureau Gazetteer).
• Nearest larger cities: Harmony (4 mi); Mabel (8 mi); Preston (12 mi); Lanesboro (13 mi); Cresco (14 mi). Lenders licensed in the state serve Canton whether or not they keep a local branch.
• Smaller places nearby: Whalan (14 mi); Ridgeway (16 mi); Peterson (19 mi).
• Within a 50-mile radius: 41 smaller Census places.
• At 100 miles: 318 larger Census places fall inside that radius.

Canton: area, density and distance

Canton covers about 1.0 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. The resulting density is about 305 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 119 miles away. Counting outward 50 miles, 74 larger communities surround Canton. The 100-mile radius contains 318 larger places.

A practical checklist for Canton borrowers

These steps shape the offer you get in Canton, a place of about 314 people:

1. Pull your credit reports first and correct any error before a lender sees the file.
2. Price the payment first with our personal loan calculator before any lender quotes you.
3. Shop at least three lenders and judge them on APR and total cost.
4. Make sure the lender appears in the Minnesota regulator's licence list.
5. Look for an origination fee or prepayment penalty in the written disclosure.
6. Test the payment against your current bills before you commit.
7. Pick the shortest term whose payment you can comfortably afford.

None of these steps is Canton-specific: the same Minnesota licensing and disclosure rules reach all 314 residents.

Canton against the rest of Minnesota

Canton is the 582nd-largest of 853 Census places in Minnesota and contains about 0.0% of the state's people. For population change between 2020 and 2023, Canton ranks 244th of 853 in Minnesota (about the 71th percentile). Its roughly 305 residents per square mile place it 607th among Minnesota's places. The population moved by about 3 people between 2020 and 2023, a 1.0% shift.

Which Minnesota laws govern a loan in Canton

Every row below records a Minnesota rule, its publisher and its retrieval date — the same rules a Canton lender must follow.

How lenders reach Canton

Canton is a lightly settled community of about 314 people, with 74 larger places inside a 50-mile radius. A Minnesota licence lets a lender serve Canton without a local office, so branch density does not change what its 314 residents are offered. The nearest larger city, Harmony, MN about 4 miles away.