Personal loans in Florence, CO
A personal loan taken out in Florence, Colorado is priced from your credit file and your income, not from your address. Florence is one of 270 Census places in Colorado; its 3,862 residents put it at 88th. The 2020 count to the 2023 estimate shows about 0.9% growth. Every figure below is Colorado's own, carrying the publisher and the retrieval date. Pull your credit reports, line up at least three offers, and model the payment before you apply. The next larger city is Cañon City, CO about 8 miles away.
Borrowing in Florence: the local picture
Most of what governs a Florence loan is written in Colorado law rather than in the city; the sourced notes below make that split concrete.
- Population: about 3,862, ranked 88th of 270 places in Colorado (Census Vintage 2023 subcounty estimate).
- Population trend: About 0.9% above the 2020 Census base.
- Size percentile: roughly 67% of Colorado's places have fewer residents.
- Location: 38.3796, -105.1002 (US Census Bureau Gazetteer).
- Nearest larger cities: Cañon City (8 mi); Pueblo (28 mi); Fountain (31 mi); Manitou Springs (35 mi); Colorado Springs (38 mi). Larger metros often have more branches, but online lenders reach Florence on the same terms.
- Nearest smaller places: Coal Creek (3 mi); Rockvale (4 mi); Williamsburg (4 mi).
What Colorado law requires in Florence
Every row below records a Colorado rule, its publisher and its retrieval date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Colorado Attorney General's Office — Consumer Credit Unit (Administrator of the Uniform Consumer Credit Code) Source says: "The Consumer Credit Unit regulates (through licensure/registration programs) companies and individuals involved in consumer lending"; it "licenses non-bank lenders such as finance companies and payday lenders". | Colorado Attorney General — Consumer Protection Section as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | UCCC finance-charge ceilings: 12% per year on non-supervised consumer loans; supervised loans 36% on the first $1,000, 21% on $1,000–$3,000, 15% above $3,000 (or 21% flat); 21% on revolving accounts Source says: "not exceeding twelve percent per year on the unpaid balance of the amount financed"; "Thirty-six percent per year on that part of the unpaid balances of the amount financed that is one thousand dollars or less"; "Twenty-one percent per year on the unpaid balances of the amount financed". | Colorado General Assembly — C.R.S. § 5-2-201 (Colorado Revised Statutes 2024, Title 5) as of 2026-09-16 |
| Payday lending status | Permitted but capped at 36% APR (Proposition 111, effective February 1, 2019) Source says: "a finance charge for each deferred deposit loan or payday loan that must not exceed an annual percentage rate of thirty-six percent". | Colorado General Assembly — C.R.S. § 5-3.1-105 (Deferred Deposit Loan Act) as of 2026-09-16 |
| Small-loan / installment lender licensing | Supervised lender license required from the UCCC Administrator (master license required for more than one place of business); deferred deposit lenders must hold a supervised lender's license Source says: "if a supervised lender has more than one place of business, they must obtain a master license"; "no person shall engage in the business of deferred deposit loans without having first obtained a supervised lender's license" (C.R.S. § 5-3.1-116). | Colorado Attorney General — Uniform Consumer Credit Code licensing as of 2026-09-16 |
What a Florence personal loan looks like
Because a personal loan payment is fixed, the total cost is knowable in advance — the main difference from a credit card, where the balance revolves. A lender who will not put the terms in writing is a reason to walk away. If the numbers do not work at a comfortable payment, the right answer may be not to borrow at all.
A pre-application checklist for Florence
Complete these steps first when you borrow in Florence:
- Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
- Price the payment first with our personal loan calculator before any lender quotes you.
- Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
- Confirm the lender holds a Colorado licence by checking the regulator named above.
- If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.
Common questions
What are my options in Florence 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 Florence is the same as anywhere in Colorado.
What loan size can I expect in Florence?
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 Florence?
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 Florence 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.
Nearby places
- Coal Creek, CO — population 367
- Rockvale, CO — population 533
- Williamsburg, CO — population 765
- Brookside, CO — population 243
- Cañon City, CO — population 17,241
- Victor, CO — population 364
- Cripple Creek, CO — population 1,117
- Silver Cliff, CO — population 707