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Can the United State Military play a role in determining the size of an American city? If Killeen is exhibit number one of the evidence, the answer is a resounding yes. Located in Bell County in the heart of central Texas, the city grew in population by double digits every decade since the 1950s. In 2016, the community had 143,400 residents, which represented an increase in residents of 12.1 percent from the 2010 census. As the primary town located within the Killeen-Temple-Fort Hood metropolitan statistical area, the city sits about halfway between Austin and Waco.
The economy of Killeen is highly dependent on the United States Army base Fort Hood. Soldiers and their families live on the base and shop in the nearby central Texas city. Considered a military boom town, the population of the community exploded at the beginning of World War 2 when the United States government needed wide open geography to test and train World War 2 tank destroyers. Named after Confederate General John Bell Hood, the army completed the first phase of construction for the installation in August of 1942.
Many members of the United States Army purchase homes in Killeen by inquiring about personal loans. Several financial institutions in the city offer funding for large ticket expenses such as car purchases.
To understand the impact Fort Hood has on the community, all you have to do is review the employment data. The army base employs nearly 60,000 military and civilian workers in a wide variety of occupations. Following the employment lead of Fort Hood, the Killeen Independent School District and Central Texas College employ a combined 7,400 residents of the area.
Since many members of the United States Army relocate to the area, we encourage new residents to research everything they need to know about the Texas economy by visiting the Texas Department of Banking website. The comprehensive website includes a “Consumer Information” tab that educates city residents about the protections offered to consumers by Texas laws.
Stillhouse Hollow Lake is an open recreational body of water stocked with several species of fish. Anglers take their best shots at catching crappie, catfish, white bass, and largemouth bass. The United States Army Corps of Engineers created the reservoir, and the agency takes care of maintaining the recreational facilities. Killeen also offers cultural enrichment, with Vive Les Arts Theatre producing numerous Main Stage and Children Theatre shows every year.
Visit the Killeen municipal website to learn more about what Killeen has to provide city residents.
The legal requirements for loans in Killeen, Texas vary by funding type and the type of financial entity offering the loan. Questions like “What is the shortest payback period?” and “What is the longest loan term?” cannot be easily answered. To understand the rules and regulations for getting personal loans in Texas, associated with the loan you end up choosing, we recommend speaking with a professional accountant in your area.
You will need to contact your lender directly to discuss any restrictions that may apply to your loan. For information about what can prevent you from requesting a loan through our site, please see the corresponding section below.
Those with bad credit may still be able to find funding. While searching for traditional bank loans, or even locally sourced alternative funding solutions, may prove unfruitful, online options may utilize a risk assessment model that favors your financial situation. A personal loan for bad credit less than 580 will likely have higher interest than some other types of loans.
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