Personal loans in Sedan, MN
About 45 people live in Sedan, placing it 832nd of 853 Census places in Minnesota. Sedan, Minnesota — home to about 45 people — is a small community, so the terms you are offered follow Minnesota law rather than any local rule.
Price two or three terms so you can see which payment is truly affordable in Sedan. To lend to Sedan's 45 residents, a company must hold a Minnesota licence, and each sourced row below names the regulator behind it. The 2020 count to the 2023 estimate shows about 2.3% growth in Sedan. A larger market lies at Brooten, MN about 8 miles away.
Borrowing in Sedan: the local picture
What follows is Sedan's place in the Census record, alongside the Minnesota rules that govern a personal loan made here.
- Population: 45 people, a figure that places Sedan 832nd among the 853 Census places in Minnesota (US Census Bureau, Vintage 2023).
- Population trend: A rise of about 2.3% from 2020 to 2023.
- People gained or lost: about 1 more since the 2020 base.
- Size percentile: roughly 2% of Minnesota places rank below Sedan.
- Population density: about 89 people per square mile across 0.5 square miles of land (Census Gazetteer area, Vintage 2023 population).
- Land area rank: Sedan's 0.5 square miles rank 690th of 853 places in Minnesota.
- Share of state population: Sedan's 45 residents are about 0.0% of Minnesota.
- National standing: Sedan ranks 19,044th of 19,457 US places.
- Growth rank: Sedan's 2020-to-2023 change ranks 158th of 853 places in Minnesota.
- State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Sedan's 2.3%.
- Density rank: Sedan places 772nd among Minnesota's places by people per square mile.
- Density in context: Sedan's 89 people per square mile sit against a Minnesota median of 607.
- Location: it lies at 45.5782, -95.2453 in the Census Gazetteer.
- Nearest larger cities: Brooten (8 mi); Glenwood (9 mi); Villard (9 mi); Long Beach (10 mi); Starbuck (14 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
- Smaller communities close by: Westport (10 mi); Regal (23 mi); Correll (51 mi), each with its own Census population profile.
- Smaller places within 50 miles: 2 of them.
- Larger places within 100 miles: 386.
Where Sedan sits
The Census Gazetteer records about 0.5 square miles of land within Sedan, with no significant water area listed. With 45 residents, the land area yields roughly 89 people per square mile. For the state's biggest city, Minneapolis, the distance is roughly 105 miles. Sedan has 101 larger places within a 50-mile radius. By land area it ranks 690th of 853 Minnesota places.
Steps to take before a Sedan loan
Complete these steps first when you borrow in Sedan (45 residents):
- Check all three credit reports for mistakes, because an error you fix now is a lower rate later.
- Test your amount and term in the personal loan calculator first.
- Shop at least three lenders and judge them on APR and total cost.
- Make sure the lender appears in the Minnesota regulator's licence list.
- Check that the monthly payment fits your budget next to your existing obligations.
- Pick the shortest term whose payment you can comfortably afford.
- Keep the amount to the expense; an approval is not a reason to take more.
None of these steps is Sedan-specific: the same Minnesota licensing and disclosure rules reach all 45 residents.
How Sedan compares across Minnesota
Sedan is the 832nd-largest of 853 Census places in Minnesota and contains about 0.0% of the state's people. Its 2020-to-2023 change ranks 158th of 853 Minnesota places, putting it near the 81th percentile for growth. At about 89 people per square mile, Sedan is the 772nd most densely settled place in Minnesota. Within 50 miles sit 2 smaller Census places, alongside the 101 that are larger.
Lender access in Sedan
With about 89 residents per square mile, Sedan is sparsely settled, and 101 larger Census places sit within 50 miles. A Minnesota licence lets a lender serve Sedan without a local office, so branch density does not change what its 45 residents are offered. The nearest larger city, Brooten, MN about 8 miles away.
The state rulebook for Sedan
Minnesota has no separate rate rule for Sedan; the sourced rows below are what reach every lender that serves its 45 people.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Minnesota Department of Commerce (commissioner of commerce) Source says: ""Commissioner" means the commissioner of commerce" | Minnesota Legislature, Office of the Revisor of Statutes as of 2026-09-16 |
| Payday lending status | Legal and licensed; APR capped at 36%, or up to 50% with an ability-to-repay analysis (Minn. Stat. §§ 47.60, 47.601, 47.603) Source says: "The cap on that annual percentage rate is set at either 36%, or up to 50% if the lender conducts an ability to repay analysis" | Minnesota Department of Commerce as of 2026-09-16 |
| Small-loan / installment lender licensing | Regulated loan license required from the commissioner for loans within the Chapter 56 threshold (Minn. Stat. § 56.01) Source says: "without first obtaining a license from the commissioner, no person shall engage in the business of making loans of money" | Minnesota Legislature, Office of the Revisor of Statutes as of 2026-09-16 |
Common questions
What are my options in Sedan if my credit is poor?
What loan size can I expect in Sedan?
Do I have to pledge anything to borrow in Sedan?
Does comparing loans in Sedan cost me credit score points?
Nearby places
- Villard, MN — population 224
- Brooten, MN — population 641
- Westport, MN — population 41
- Glenwood, MN — population 2,637
- Long Beach, MN — population 339
- Sunburg, MN — population 93
- Forada, MN — population 169
- Belgrade, MN — population 735