Personal loans in Coffman Cove, AK

Roughly 125 residents live in Coffman Cove, the 119th-largest community in Alaska. A lender serving Coffman Cove holds a Alaska licence and answers to a Alaska regulator; no city office is involved for its 125 residents.

By the Personalloaner Editorial Team · Last updated 2026-09-16

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Coffman Cove lost roughly 1.6% of its population across the 2020-to-2023 comparison. Work out your debt-to-income ratio first; lenders weigh it heavily, and Coffman Cove's 125 residents are no exception. A single loan can carry different costs on either side of a state line, and Coffman Cove sits on the Alaska side of that line. The nearest larger metro is Thorne Bay, AK about 26 miles away.

Coffman Cove: population, trend and location

Coffman Cove is a small community; the notes below cover its population profile and the statewide rules that apply.

What shapes a Coffman Cove personal loan

A Coffman Cove personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 125 residents. Federal Truth in Lending rules require a Coffman Cove lender to disclose the APR and finance charge before you sign. Because the payment is fixed, the total cost of a Coffman Cove loan is knowable in advance — unlike a revolving card balance.

How Coffman Cove compares across Alaska

Set beside Alaska's 149 places, Coffman Cove ranks 119th by population and holds about 0.0% of the state total. Its 2020-to-2023 change ranks 34th of 149 Alaska places, putting it near the 77th percentile for growth. At about 11 people per square mile, Coffman Cove is the 116th most densely settled place in Alaska. By land area, its 10.9 square miles rank 63rd of 149 places in Alaska.

Alaska rules behind a Coffman Cove personal loan

Alaska has no separate rate rule for Coffman Cove; the sourced rows below are what reach every lender that serves its 125 people.

RuleDetailSource
State lending regulatorAlaska Department of Commerce, Community, and Economic Development (Division of Banking and Securities)
Source says: "department means the Department of Commerce, Community, and Economic Development". The Division of Banking and Securities (commerce.alaska.gov/web/dbs) administers the department's lending license programs.
Alaska Legislature — Alaska Statutes § 06.50.900(5)
as of 2026-09-16
Small-loan / installment lender licensingLicense required from the department to make loans of $25,000 or less at above-legal rates; $25,000 liquid assets and $25,000 bond required
Source says: "without first obtaining a license from the department"; "liquid assets of at least $25,000".
Alaska Legislature — Alaska Statutes §§ 06.20.010, 06.20.040
as of 2026-09-16
Maximum legal interest rate (usury cap)10.5% per annum default; by contract, the greater of 10% or 5 percentage points above the 12th Federal Reserve District advance rate (loans over $25,000 exempt)
Source says: "The rate of interest in the state is 10.5 percent a year and no more on money after it is due"; "more than the greater of 10 percent or five percentage points above the annual rate charged member banks for advances by the 12th Federal Reserve District".
Alaska Legislature — Alaska Statutes § 45.45.010
as of 2026-09-16

Where Coffman Cove sits

Inside Coffman Cove's boundaries lie roughly 10.9 square miles of land and 2.39 square miles of water. With 125 residents, the land area yields roughly 11 people per square mile. The state's population centre of gravity, Anchorage, is roughly 689 miles away. A 50-mile radius around Coffman Cove takes in 4 places that are larger. The 100-mile radius contains 8 larger places.

What is available to Coffman Cove borrowers

At roughly 11 people per square mile, Coffman Cove is sparsely settled; 4 larger places lie within 50 miles. A Alaska licence lets a lender serve Coffman Cove without a local office, so branch density does not change what its 125 residents are offered. The nearest larger city, Thorne Bay, AK about 26 miles away.

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Coffman Cove if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Coffman Cove is the same as anywhere in Alaska.
What loan size can I expect in Coffman Cove?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Coffman Cove?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Coffman Cove cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

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