Mount Enterprise at a glance
- Population: 510 — 974th in Texas, which has 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 505 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: roughly 1.0% higher than at the 2020 Census (US Census Bureau).
- Rank among Texas places: 974th in population of 1,224 places (US Census Bureau).
- Size percentile: larger than about 20% of the Census places in Texas (US Census Bureau).
- Coordinates: 31.9116, -94.6828 (US Census Bureau Gazetteer).
- Nearest larger cities: Cushing, TX (12 mi); Garrison, TX (13 mi); Appleby, TX (14 mi); Timpson, TX (17 mi); Henderson, TX (18 mi), each a US Census place with its estimated population.
- Nearest smaller towns: Reklaw, TX (18 mi); Gary City, TX (20 mi); Gallatin, TX (28 mi) — US Census Bureau populations.
What a personal loan costs in Mount Enterprise
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Texas lending rules that apply in Mount Enterprise
The table lists the Texas rules that apply to a loan made in Mount Enterprise, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | License required for non-depository lenders charging more than 10% interest; Chapter 342 governs consumer loans (Tex. Fin. Code § 342.051) Source says: Non-depository lenders who engage in making, transacting, or collecting loans with a rate of interest greater than 10% must be licensed by the OCCC. | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| State lending regulator | Texas Office of Consumer Credit Commissioner (OCCC) Source says: The OCCC licenses and regulates non-depository lenders in the state of Texas. | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 10% per year maximum; a greater rate is usurious unless otherwise provided by law (Tex. Fin. Code § 302.001) Source says: The maximum rate or amount of interest is 10 percent a year except as otherwise provided by law. | Texas Legislature (Texas Constitution and Statutes) as of 2026-09-16 |
| Payday lending status | Legal via licensed credit access businesses (payday/title-loan brokers); the third-party lender itself is not licensed (Tex. Fin. Code ch. 393) Source says: the credit access business that serves as the broker is the licensee in this regulated industry | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
How to compare offers in Mount Enterprise
Run through this list before signing anything in Mount Enterprise:
- 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 Texas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.