- Payday loans in Orchid follow Florida law (Florida Statutes s. 560.404 (deferred presentment)).
- Borrowing $300 at the state maximum costs $30 (10% fee) plus a small verification fee.
- The nearest larger city is Sebastian, about 4 miles away.
Orchid at a glance
| Orchid | |
|---|---|
| Population (2024 Census estimate) | 545 |
| Change since 2020 | +5.6% (growing fast) |
| County | Indian River County |
| Size rank among 393 Florida places we cover | 365th |
| Nearest larger city | Sebastian (about 4 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Other towns within 25 miles | 12 (about 294,253 residents) |
| Typical payday APR statewide (CRL 2023) | 293% |
Payday lending in Orchid follows Florida state law. Lenders that serve Orchid, in a store or online, must be licensed by the Florida Office of Financial Regulation.
Credit unions near Orchid
NCUA data (June 2026) shows no credit union headquartered in Orchid or Indian River County. Many credit unions have branches in other towns or accept members online. Use the NCUA’s Credit Union Locator to find one near you.
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Payday loan rules that apply in Orchid
The main Florida rules for a payday loan in Orchid: maximum loan: $500 (single-payment); $1,000 for installment deferred presentment; maximum fee: 10% of the amount provided, plus a verification fee; loan term: 7 to 31 days (installment: 60 to 90 days). See the full Florida payday loan rules.
What a $300 loan costs in Orchid
The Center for Responsible Lending put the typical APR on a $400 payday loan in Florida at 293% (June 2023). For $300 at the state maximum, expect $30 (10% fee) plus a small verification fee. Check any offer with our payday loan calculator.
Other help in Indian River County before you borrow
- Call or text 211 for help with rent, utilities and food in Indian River County.
- Ask a federal credit union about a PAL: $200–$2,000 at no more than 28% APR (how PALs work).
- Check your bank app for a small-dollar loan or early pay (bank options).
- Try a cash advance app if you have direct deposit (apps compared).
Towns near Orchid
- Sebastian · 4 mi
- Indian River Shores · 5 mi
- Vero Beach · 9 mi
- Fellsmere · 12 mi
- Grant-Valkaria · 14 mi
- Malabar · 18 mi
The nearest larger city is Sebastian, about 4 miles away. See all 393 Florida cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Orchid?
Yes. Payday loans are legal in Orchid under Florida state law, and lenders must be licensed by the Florida Office of Financial Regulation.
How much does a payday loan cost in Orchid?
At Florida’s maximum fee, borrowing $300 costs $30 (10% fee) plus a small verification fee. The typical statewide APR was 293% in 2023.
Where is the nearest credit union to Orchid?
NCUA data shows no credit union headquartered in Orchid or its county. Use the NCUA credit union locator to find branches and online credit unions.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Florida Statutes s. 560.404
- Florida OFR — Payday lenders
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary