Hillsboro Beach at a glance
- Population: about 1,975, 295th by size in Florida of 411 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,989 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: about 0.7% below the 2020 Census base (US Census Bureau).
- Rank among Florida places: 295th-largest of 411 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: it is larger than about 28% of the places in Florida (US Census Bureau).
- Coordinates: 26.2785, -80.0795 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Lighthouse Point, FL (1 mi); Deerfield Beach, FL (4 mi); Pompano Beach, FL (4 mi); Lauderdale-by-the-Sea, FL (6 mi); Coconut Creek, FL (7 mi) (US Census Bureau populations).
- Nearest smaller towns: Sea Ranch Lakes, FL (6 mi); Lazy Lake, FL (9 mi); Gulf Stream, FL (14 mi) (US Census Bureau).
What a personal loan costs in Hillsboro Beach
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Florida lending rules that apply in Hillsboro Beach
The Florida rate caps and licensing rules that reach Hillsboro Beach are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Permitted under license (deferred presentment providers; money services business license under chapter 560) Source says: "Businesses intending to engage in deferred presentment transactions must be licensed as a money services business under chapter 560, Florida Statutes". | Florida Office of Financial Regulation as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer finance loan license required (chapter 516) Source says: "A person must not engage in the business of making consumer finance loans ... unless ... the person first obtains a license from the office". | Florida Legislature (The Florida Senate, Online Sunshine) as of 2026-09-16 |
| State lending regulator | Florida Office of Financial Regulation (OFR) Source says: "The Office of Financial Regulation is a state-government agency created by the Governor and Cabinet to provide regulatory oversight for Florida's financial services industry". | Florida Office of Financial Regulation as of 2026-09-16 |
| Deferred presentment fee cap | 10% of the amount provided (transactions not repayable in installments) Source says: "A deferred presentment provider or its affiliate may not charge fees that exceed 10 percent of the currency or payment instrument provided". | Florida Legislature (The Florida Senate, Online Sunshine) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 18% per annum simple interest (loans/advances of $500,000 or less; loans above $500,000 are exempt from this cap) Source says: "it shall be usury and unlawful ... to ... charge ... a rate of interest greater than the equivalent of 18 percent per annum simple interest". | Florida Legislature (The Florida Senate, Online Sunshine) as of 2026-09-16 |
How to compare offers in Hillsboro Beach
The steps below are worth completing first when you borrow in Hillsboro Beach:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Florida using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.