Sheridan at a glance
- Population: 19,543 — 6th in Wyoming, which has 99 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 18,739 residents here (US Census Bureau).
- 2020 to 2023 change: about 4.3% growth over the 2020 Census base (US Census Bureau).
- Rank among Wyoming places: 6th-largest of 99 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: larger than about 94% of the Census places in Wyoming (US Census Bureau).
- Coordinates: latitude 44.7962, longitude -106.9642 (US Census Bureau Gazetteer).
- Nearest larger cities: Gillette, WY (81 mi); Billings, MT (103 mi) (Census populations, approximate straight-line distance).
- Smaller towns nearby: Ranchester, WY (13 mi); Dayton, WY (16 mi); Clearmont, WY (31 mi) (US Census Bureau).
What a personal loan costs in Sheridan
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
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.
Wyoming lending rules that apply in Sheridan
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 | Wyoming Division of Banking Source says: The Division is responsible for the chartering and regulation of Wyoming state banks, trust companies, mortgage companies, as well as non-bank financial companies. | Wyoming Division of Banking as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 36% per year on unpaid principal balances up to $1,000; 21% above $1,000 (Wyo. Stat. § 40-14-310(g)) Source says: shall not exceed the equivalent of thirty-six percent (36%) per year on that part of the unpaid balances of the principal | Wyoming Legislature (Wyoming Statutes) as of 2026-09-16 |
| Payday lending status | Legal with a post-dated check casher license; finance charge capped at the greater of $30 or 20% per month; max term 1 month (Wyo. Stat. § 40-14-363) Source says: No post-dated check finance charge shall exceed the greater of thirty dollars ($30.00) or twenty percent (20%) per month on the principal balance | Wyoming Legislature (Wyoming Statutes) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Lender, Sales Finance Company, Post-Dated Check Casher, and Pawnbroker licenses via NMLS; licensing mandatory per location including online Source says: Licensing is mandatory for every location where business is regularly conducted | Wyoming Division of Banking as of 2026-09-16 |
How to compare offers in Sheridan
The order below is a sensible way to approach a loan in Sheridan:
- 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 Wyoming using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.