Business Loans
Peoples Bank has been helping businesses grow for over 120 years.
Partnering with us has its benefits, including experienced commercial underwriters, high-touch commercial client servicing, robust C&I lending, construction and permanent financing for investment commercial real estate and additional services like Employee Benefits and Business Insurance¹.
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
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
