Personal loans in Reece City, AL

Reece City counts about 607 people, and what is genuinely local about borrowing here is limited — Alabama law does the governing. Reece City is home to roughly 607 people and stands 310th by size out of 462 Census places in Alabama.

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

Compare loan offers Run the numbers first

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.

The closest larger city is Gadsden, AL about 5 miles away. From the 2020 Census base to the 2023 estimate, the population declined by about 1.3%. When Alabama caps or restricts a product, lenders either change the terms or withdraw it from Reece City as from the rest of the state. Verify the lender's Alabama licence against the regulator named below before borrowing in Reece City.

Where Reece City stands

The figures below are Reece City's own — Census population, land area and coordinates — followed by the Alabama rules.

Population: 607 — Reece City ranks 310th of 462 communities in Alabama (US Census Bureau, Vintage 2023).
Population trend: Down about 1.3% from the 2020 Census base to the 2023 estimate.
Absolute change: 8 residents lost between 2020 and 2023.
Size percentile: roughly 33% of Alabama's places have fewer residents than Reece City's 607.
Density: the Census land area of 3.6 sq mi holds about 170 people per square mile.
Land area rank: Reece City's 3.6 square miles rank 307th of 462 places in Alabama.
State share: roughly 0.0% of Alabama's residents live in Reece City (607 people).
National rank: Reece City is the 12,391st most populous of the 19,457 Census places covered here.
Growth rank: Reece City ranks 296th among Alabama's 462 places for the 2020-to-2023 change.
Against the state trend: Reece City's 1.3% change compares with a Alabama average of +1.0% across its 462 places.
Density rank: Reece City is the 314th most densely settled place in Alabama.
Density vs Alabama: Reece City's 170 people per square mile compare with a state median of 259.
Location: it lies at 34.0772, -86.0345 in the Census Gazetteer.
Nearest larger cities: Gadsden (5 mi); Attalla (8 mi); Sardis City (8 mi); Glencoe (11 mi); Rainbow City (11 mi). A branch is convenient; it is not what sets your APR.
Nearest smaller towns: Ridgeville (4 mi); Sand Rock (18 mi); Lakeview (22 mi) — useful context for the surrounding area.
Smaller places within 50 miles: 30 of them.
At 100 miles: 286 larger Census places fall inside that radius.

How Alabama law applies in Reece City

For the roughly 607 residents of Reece City, the rules below are Alabama's own; each row carries its publisher and retrieval date.

Rule	Detail	Source
State lending regulator	Alabama State Banking Department — Bureau of Loans (BOL) Source says: "The Bureau of Loans (hereinafter “the BOL”) was established in 1945". The BOL administers the Small Loan Act, Consumer Credit Act, Pawn Shop Act, Mortgage Brokers Licensing Act, Deferred Presentment Services Act and SAFE Act.	Alabama State Banking Department as of 2026-09-16
Small-loan / installment lender licensing	Alabama Small Loan Act license required from the supervisor for loans under $1,500; interest capped at 3% per month on the first $200 and 2% per month on $200–$1,500 Source says: "No person shall engage in the business of lending in amounts of less than one thousand five hundred dollars ($1,500)"; "without first having obtained a license from the supervisor"; "not exceeding three percent a month on that part of the unpaid principal balance not in excess of two hundred dollars".	Alabama State Banking Department — Alabama Small Loan Act (Code of Alabama §§ 5-18-1 et seq.) as of 2026-09-16
Parity lending rate provision (§ 8-8-1.1)	Any lender may charge the same rates as any federally or state-chartered or licensed lending institution in Alabama Source says: "may, on any loans or extensions of credit made by them, charge or impose the same rate of interest or finance charge".	Alabama Legislature — Code of Alabama 1975, § 8-8-1.1 as of 2026-09-16

Lender access in Reece City

Reece City is lightly settled, with about 170 people per square mile and 82 larger places within 50 miles. A Alabama licence lets a lender serve Reece City without a local office, so branch density does not change what its 607 residents are offered. The nearest bigger place is Gadsden, AL about 5 miles away.

Reece City in state context

Against Alabama's other places, Reece City accounts for about 0.0% of the state's population and ranks 310th of 462 by size. On the 2020-to-2023 trend, Reece City stands 296th among Alabama's 462 places — roughly the 36th percentile. Its roughly 170 residents per square mile place it 314th among Alabama's places. The population moved by about 8 people between 2020 and 2023, a 1.3% shift.

How a Reece City personal loan is priced

A Reece City personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 607 residents. Two numbers drive a Reece City loan: the APR, which includes fees, and the term, which decides how long you keep paying. Because the payment is fixed, the total cost of a Reece City loan is knowable in advance — unlike a revolving card balance.

A practical checklist for Reece City borrowers

For Reece City's roughly 607 residents, these are the steps that most influence the offer:

Start with the credit file: order the reports, fix the errors, then apply.
Test your amount and term in the personal loan calculator first.
Get several pre-qualifications and compare APR side by side before choosing.
Make sure the lender appears in the Alabama regulator's licence list.
Read the disclosure for an origination fee and any prepayment penalty before signing.
Check that the monthly payment fits your budget next to your existing obligations.
Choose a term you can live with; stretching it lowers the payment but raises total interest.

In Reece City as elsewhere in Alabama, the written terms — not the advertisement — are what count for its 607 residents.

Compare personal loan offers Run the numbers first

Common questions

What are my options in Reece City 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 Reece City is the same as anywhere in Alabama.

What loan size can I expect in Reece City?

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 Reece City?

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 Reece City 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

Ridgeville, AL — population 83
Gadsden, AL — population 33,229
Attalla, AL — population 5,818
Sardis City, AL — population 1,787
Rainbow City, AL — population 10,322
Glencoe, AL — population 5,404
Boaz, AL — population 10,369
Southside, AL — population 9,597