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Business Lending

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

¹INSURANCE PRODUCTS ARE NOT FDIC INSURED, NOT GUARANTEED BY PEOPLES BANK, NOT A DEPOSIT, AND NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. MAY GO DOWN IN VALUE.

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