Personal loans in Cottonwood, MN

Cottonwood counts about 1,138 people, and what is genuinely local about borrowing here is limited — Minnesota law does the governing. Rate ceilings, licensing requirements and product limits for Cottonwood are all set at the Minnesota level. Price two or three terms so you can see which payment is truly affordable in Cottonwood. For a bigger market, look to Marshall, MN about 13 miles away.

Where Cottonwood stands

Two layers matter for a Cottonwood borrower: the local population picture and Minnesota's consumer-lending statutes.

• Population: about 1,138, ranked 337th of 853 places in Minnesota (Census Vintage 2023 subcounty estimate).
• Population trend: A loss of roughly 1.0% between 2020 and 2023.
• Net change: roughly 12 fewer people than the 2020 Census counted.
• Size percentile: about 60% of Minnesota communities are smaller than Cottonwood (1,138 residents).
• Population density: about 1,136 people per square mile (Census land area 1.0 sq mi).
• Land area: Cottonwood covers 1.0 square miles, the 521st-largest area among Minnesota's 853 places.
• State population share: Cottonwood accounts for about 0.0% of everyone in Minnesota.
• National standing: Cottonwood ranks 9,737th of 19,457 US places.
• Growth rank: Cottonwood's 2020-to-2023 change ranks 476th of 853 places in Minnesota.
• Versus Minnesota: the state average change is +0.1%, while Cottonwood moved 1.0%.
• Density rank: Cottonwood places 224th among Minnesota's places by people per square mile.
• Against the state median: Cottonwood runs about 1,136 residents per square mile, where the Minnesota median is 607.
• Location: mapped by the US Census Bureau at 44.6110, -95.6719.
• Nearest larger cities: Marshall (13 mi); Granite Falls (15 mi); Minneota (16 mi); Montevideo (24 mi); Tracy (26 mi). Larger metros often have more branches, but online lenders reach Cottonwood on the same terms.
• Smaller places close by: Hanley Falls (6 mi); Wood Lake (7 mi); Hazel Run (10 mi).
• Smaller neighbours: 79 places smaller than Cottonwood sit within 50 miles.
• Larger places within 100 miles: 121.

Cottonwood on the map

Inside Cottonwood's boundaries lie about 1.0 square miles of land, with no significant water area recorded. The resulting density is about 1,136 people per square mile. The largest place in Minnesota, Minneapolis, lies about 120 miles away. A 50-mile radius around Cottonwood takes in 18 places that are larger. The 100-mile radius contains 121 larger places.

Which Minnesota laws govern a loan in Cottonwood

When Minnesota does not publish a figure, the row links to the source instead of inventing a number; Cottonwood is bound by the same rules.

A pre-application checklist for Cottonwood

Complete these steps first when you borrow in Cottonwood (1,138 residents):

1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
2. Test your amount and term in the personal loan calculator first.
3. Gather at least three pre-qualified offers and line up the APR, not the headline rate.
4. Confirm the Minnesota licence with the regulator named above before committing.
5. Look for an origination fee or prepayment penalty in the written disclosure.
6. Make sure the new payment leaves room in a budget you already keep.
7. Choose a term you can live with; stretching it lowers the payment but raises total interest.

In Cottonwood as elsewhere in Minnesota, the written terms — not the advertisement — are what count for its 1,138 residents.

What is available to Cottonwood borrowers

With about 1,136 residents per square mile, Cottonwood is moderately settled, and 18 larger Census places sit within 50 miles. A Minnesota licence lets a lender serve Cottonwood without a local office, so branch density does not change what its 1,138 residents are offered. For a larger market, the closest option is Marshall, MN about 13 miles away.

How Cottonwood compares across Minnesota

Against Minnesota's other places, Cottonwood accounts for about 0.0% of the state's population and ranks 337th of 853 by size. Its 2020-to-2023 change ranks 476th of 853 Minnesota places, putting it near the 44th percentile for growth. By density, at about 1,136 people per square mile, it ranks 224th in Minnesota. Within 50 miles sit 79 smaller Census places, alongside the 18 that are larger.