Little Valley at a glance
- Population: 1,059 (US Census Bureau, Vintage 2023 subcounty estimate), the 409th-largest of 595 places in New York.
- 2020 Census base: 1,089 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: down about 2.8% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among New York places: 409th of the state's 595 Census places (US Census Bureau).
- Size percentile: about 31% of New York's Census places are smaller (US Census Bureau).
- Coordinates: mapped at 42.2494, -78.7988 by the US Census Bureau Gazetteer.
- Nearest larger cities: Salamanca, NY (7 mi); Gowanda, NY (16 mi); Franklinville, NY (19 mi); Springville, NY (19 mi); Allegany, NY (19 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Cattaraugus, NY (7 mi); Ellicottville, NY (7 mi); South Dayton, NY (15 mi) (Census populations).
What a personal loan costs in Little Valley
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
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.
New York lending rules that apply in Little Valley
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | New York State Department of Financial Services (DFS) Source says: "Notify the Department of Financial Services at (800) 342-3736 if you believe payday loans are being made in New York" | New York State Department of Financial Services as of 2026-09-16 |
| Criminal usury in the second degree (Penal Law 190.40) | Interest rate exceeding 25% per annum; class E felony Source says: "at a rate exceeding twenty-five per centum per annum or the equivalent rate for a longer or shorter period" | New York State Senate (Open Legislation) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 16% per annum maximum civil rate (Banking Law 14-a; General Obligations Law 5-501) Source says: "The maximum rate of interest provided for in section 5-501 of the general obligations law shall be sixteen per centum per annum." | New York State Senate (Open Legislation) as of 2026-09-16 |
| Payday lending status | Illegal in New York State, in person, by telephone, or over the Internet Source says: "Payday loans are illegal in New York State." | New York State Department of Financial Services as of 2026-09-16 |
| Small-loan / installment lender licensing | Licensed Lender license required (Banking Law Article 9, sections 340-361); administered via NMLS Source says: "The Department of Financial Services uses the Nationwide Multistate Licensing System and Registry (NMLS) to manage the Licensed Lender License." | New York State Department of Financial Services as of 2026-09-16 |
How to compare offers in Little Valley
Before you commit to a personal loan in Little Valley, work through these steps:
- 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 New York using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.