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No matter your needs, a qualified business banker is available for you!

Business Lines of Credit

What does a business line of credit offer?

  • Customized structures to best meet your needs
  • Flexible rates and terms
  • Online transfer of funds
  • Check-writing access
  • Multi-year renewable terms

What can I do with a business line of credit?

  • Cover short-term borrowing needs
  • Finance working capital
  • Carry inventory
  • Cover operating expenses

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Real Estate Loans

What do real estate loans offer?

  • Flexible rates and terms
  • One-time lump sum for real estate purchases OR
  • Disbursed funds throughout building project for real estate construction loans
  • Fully amortizing and balloon payment options available

How is a real estate loan used?

  • For new-site construction of an owner-occupied business property
  • For purchasing or refinancing an owner-occupied business property
  • For expanding or remodeling an existing property

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Commercial Letters of Credit

Why get a Commercial Letter of Credit?

  • If you import or export goods internationally
  • To help ensure that sellers get paid and that buyers get the promised deliverables
  • To provide a safe and secure way to send and access funds

How can you get a Commercial Letter of Credit?

  • Find your local business banker with the link provided below
  • Utilize their experience and partnership to determine the best option for your enterprise

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Standby Letters of Credit

Why get a Standby Letter of Credit?

  • To secure a large contract with a hesitant client
  • To ensure that sellers get paid and that buyers get the promised deliverables
  • To act as a type of insurance in case your business is unable to deliver

How can you get a Standby Letter of Credit?

  • Find your local business banker with the link provided below
  • Utilize their experience and partnership to determine the best option for your enterprise

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Term Loans

What does a term loan offer?

  • Customized repayment options to correspond with anticipated cash flow
  • Flexible rates
  • Flexible terms
  • A variety of maturities

What can I fund with a term loan?

  • Debt consolidation
  • Office renovations
  • Facility expansions
  • Equipment financing
  • Business acquisitions

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SBA Loans - Preferred Lender Program

What does Peoples offer as a Preferred SBA Lender?

  • Expedited loan approval process
  • Local decision making
  • SBA Loans up to $5,000,000
  • Terms as long as 25 years
  • Loans for veteran run businesses

What are a few ways an SBA Loan can be used?

  • Loan for working capital needs
  • For purchase, construction or improvement of a property
  • Line of credit, term note or draw note
  • Seasonal lines of credit for accounts receivable and inventory
  • Loans for businesses in underutilized business zones
  • Debt refinancing
  • Businesses with collateral shortfall
  • Startup businesses

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USDA B&I Loans

What does Peoples offer as a USDA lending partner?

  • Lending options for nonprofits and for-profits alike
  • Up to 30 year terms on real estate loans
  • Up to 15 year terms on equipment loans
  • Fixed and variable rate options
  • Interest only options available

What are a few ways a USDA Loan can be used?

  • Purchase of property or building
  • Purchase of equipment
  • Debt refinancing
  • Acquiring or expanding other businesses

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