Personal loans in Thorne Bay, AK
With roughly 470 residents, Thorne Bay is a small community, and the lending rules its borrowers live under are written in Alaska, not by the city. With 470 residents, Thorne Bay outranks about 57% of the communities in Alaska. The next larger city is Klawock, AK about 23 miles away. From the 2020 Census base to the 2023 estimate, the population declined by about 1.5%. When Alaska caps or restricts a product, lenders either change the terms or withdraw it from Thorne Bay as from the rest of the state. Begin with the payment, then weigh APR and total interest across the lenders that reach Thorne Bay's 470 residents.
What the Census records for Thorne Bay
Set out below is Thorne Bay's local context next to the state-level rules that reach every lender here.
- Population: the Census counts 470 residents in Thorne Bay (Vintage 2023 subcounty estimate), the 64th-largest figure among Alaska's 149 places.
- Population trend: About 1.5% below the 2020 Census base.
- Absolute change: 7 residents lost between 2020 and 2023.
- Size percentile: about 57% of Alaska communities are smaller than Thorne Bay (470 residents).
- Population density: about 18 people per square mile across 26.7 square miles of land (Census Gazetteer area, Vintage 2023 population).
- Land area: Thorne Bay covers 26.7 square miles, the 34th-largest area among Alaska's 149 places.
- Water: Thorne Bay holds about 3.04 square miles, the 53rd-largest water area in Alaska.
- Share of Alaska: Thorne Bay holds about 0.1% of the state's population, some 470 people.
- National rank: Thorne Bay sits 13,420th by population among the 19,457 places in this dataset.
- Growth in Alaska: Thorne Bay stands 32nd by percentage change from 2020 to 2023, among 149 places.
- Against the state trend: Thorne Bay's 1.5% change compares with a Alaska average of -3.1% across its 149 places.
- Density rank: Thorne Bay places 105th among Alaska's places by people per square mile.
- Against the state median: Thorne Bay runs about 18 residents per square mile, where the Alaska median is 40.
- Location: mapped by the US Census Bureau at 55.6670, -132.5357.
- Nearest larger cities: Klawock (23 mi); Craig (26 mi); Ketchikan (40 mi); Wrangell city and (41 mi); Kake (104 mi). Larger metros often have more branches, but online lenders reach Thorne Bay on the same terms.
- Smaller communities within reach: Kasaan (9 mi); Coffman Cove (26 mi); Hydaburg (34 mi).
- Smaller neighbours: 6 places smaller than Thorne Bay sit within 50 miles.
- Within 100 miles: 4 places are larger than Thorne Bay.
Inside a Thorne Bay personal loan
In Thorne Bay, a small community of about 470, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. A lender serving Thorne Bay's 470 residents must disclose the APR and finance charge in writing before you sign. Shortening the term on a Thorne Bay loan raises the monthly payment but cuts the interest; lengthening it does the reverse.
Borrowing reach in Thorne Bay
Thorne Bay is a sparsely settled community of about 470 people, with 4 larger places inside a 50-mile radius. Distance to a branch rarely matters for Thorne Bay's 470 residents: the application is online and the price follows your credit file. For a larger market, the closest option is Klawock, AK about 23 miles away.
Where Thorne Bay sits
The Census Gazetteer records 26.7 square miles of land and 3.04 square miles of water within Thorne Bay. Spread across it are roughly 18 residents per square mile. The largest place in Alaska, Anchorage, lies about 712 miles away. Counting outward 50 miles, 4 larger communities surround Thorne Bay. Within the same 50 miles lie 6 smaller Census places.
Thorne Bay in state context
Thorne Bay is the 64th-largest of 149 Census places in Alaska and contains about 0.1% of the state's people. On the 2020-to-2023 trend, Thorne Bay stands 32nd among Alaska's 149 places — roughly the 79th percentile. At about 18 people per square mile, Thorne Bay is the 105th most densely settled place in Alaska. By land area, its 26.7 square miles rank 34th of 149 places in Alaska.
What Alaska law requires in Thorne Bay
These are Alaska's sourced lending facts as they reach Thorne Bay's 470 residents; the state has no city-level rate rule.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Alaska 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 licensing | License 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 |
Common questions
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Nearby places
- Kasaan, AK — population 30
- Coffman Cove, AK — population 125
- Hydaburg, AK — population 375
- Klawock, AK — population 710
- Craig, AK — population 1,041
- Whale Pass, AK — population 86
- Wrangell city and, AK — population 2,064
- Ketchikan, AK — population 8,079