Wheatley at a glance
- Population: the Census estimates 267 residents, ranking 340th of 500 places in Arkansas (Vintage 2023).
- 2020 Census base: 278 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: a decline of roughly 4.0% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Arkansas places: 340th in population of 500 places (US Census Bureau).
- Size percentile: larger than about 32% of the Census places in Arkansas (US Census Bureau).
- Coordinates: 34.9212, -91.1063 (US Census Bureau Gazetteer).
- Nearest larger cities: Brinkley, AR (5 mi); Cotton Plant, AR (10 mi); Palestine, AR (12 mi); Fredonia (Biscoe), AR (19 mi); Forrest City, AR (19 mi); each population is a US Census Bureau estimate.
- Smaller places close by: Fargo, AR (5 mi); Hunter, AR (9 mi); Moro, AR (11 mi) (US Census Bureau).
What a personal loan costs in Wheatley
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.
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.
Arkansas lending rules that apply in Wheatley
The table carries the Arkansas rate and licensing rules that apply to consumer loans made in Wheatley.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Not permitted — all storefront payday lending eliminated; the Attorney General has worked to eliminate all forms of payday lending since 2008 Source says: "the Attorney General's office has worked to eliminate all forms of payday lending in Arkansas"; "all storefront payday loan operations in Arkansas have been shut down". | Arkansas Attorney General — Consumer Protection Division as of 2026-09-16 |
| Small-loan / installment lender licensing | See the latest published figure value_text left null: the State Bank Department does not publish a consumer small-loan license rate schedule that could be verified; storefront payday lending has been eliminated (see Payday lending status). See the linked regulator page for the licensee categories it supervises. | Arkansas State Bank Department as of 2026-09-16 |
| State lending regulator | Arkansas State Bank Department Source says: "The Department is charged with regulating state-chartered commercial banks with main offices in Arkansas". | Arkansas State Bank Department as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 17% per annum for loans not made by or to governmental units or by federally insured depository institutions (Amendment 89, effective January 1, 2011) Source says: "shall not exceed seventeen percent (17%) per annum". | Arkansas Legislature — Arkansas Constitution, Amendment 89, § 3 (proposed by H.J.R. 1004 of 2009) as of 2026-09-16 |
How to compare offers in Wheatley
These steps are the ones that most affect the offer you receive in Wheatley:
- 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 Arkansas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.