Jacob City at a glance
- Population: 225 people, the 396th-largest place among Florida's 411 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 216 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: roughly 4.2% higher than at the 2020 Census (US Census Bureau).
- Rank among Florida places: 396th of the state's 411 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 4% of Florida's Census places by population (US Census Bureau).
- Coordinates: 30.8855, -85.4136 (US Census Bureau Gazetteer).
- Nearest larger cities: Cottondale, FL (7 mi); Graceville, FL (8 mi); Madrid, AL (10 mi); Chipley, FL (11 mi); Marianna, FL (13 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller places: Campbellton, FL (5 mi); Noma, FL (14 mi); Bascom, FL (18 mi) (US Census Bureau estimates).
What a personal loan costs in Jacob City
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
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 Jacob City
Read the table as the compliance picture for a lender serving Jacob City: label, sourced figure, publisher and 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 Jacob City
Before you share your details with a lender in Jacob City:
- 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.