Decatur is a small city located in the state of Alabama with a population of approximately 55,000 residents, and it’s part of the Huntsville Metropolitan Area. Although Decatur is smaller than some of its peers, the city is still an important economic center for Alabama, as it’s the home of some major manufacturing and corporate operations.
Some of the city’s largest employers include United Launch Alliance, Wayne Farms, Daikin America, 3M, and Toray. In 2018, the city’s Gross Domestic Product was $6.2 billion, and its workforce consists of nearly 23,000 people.
Decatur is the home of nearly 20,000 households, and its median income is approximately $43,000. Additionally, the median property value in 2017 was around $130,000, which makes Decatur a potentially promising location for anyone looking to move away from the busy pace of Alabama’s top cities.
If you’re a resident of Decatur, you could possibly benefit from the convenience of a personal loan to fulfill a wide variety of financial needs, especially if you find yourself running low on funds while you wait for your next paycheck.
Getting approved for a personal loan is usually easier and faster than traditional loans, so if you’re interested in obtaining one, read on to learn some relevant information about how they work and how you can apply.