Business Loans
Peoples Bank has been helping businesses grow for 121 years.
Whether you are starting a business or need more capital to grow your business, a local, experienced business banker is available to assist 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 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
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
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
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
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?
- Property acquisition
- Equipment financing
- Business buyouts
- Expansions
- Debt consolidation
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?
- Creative Payment Options
- Longer Terms
- Borrower's looking to conserve cash
- For Purchase, construction, or property improvements
- Businesses with collateral challenges
- Improve working capital needs
- Start up businesses
- Partner buyouts
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
