First Peoples Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Peoples Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445230 | Fruit and Vegetable Retailers | 1 | $40K | $40K | 12.5% |
| 321920 | Wood Container and Pallet Manufacturing | 1 | $350K | $350K | 12.5% |
| 811111 | General Automotive Repair | 1 | $75K | $75K | 12.5% |
Geographic Distribution
SBA lending activity for First Peoples Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 7 | $861K | 87.5% |
| Alabama (AL) | 1 | $59K | 12.5% |
Why Choose First Peoples Bank?
Based on SBA 7(a) lending track record from 1995-1998
- ✓Proven Track Record: 8 SBA loans approved, totaling $919K in financing
- ✓Industry Expertise: Specialized focus on Fruit and Vegetable Retailers, Wood Container and Pallet Manufacturing, General Automotive Repair
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 87 months
- ✓Loan Range: Loan sizes from $24K to $350K, with an average of $115K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in GA, AL
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about First Peoples Bank SBA lending
What types of businesses does First Peoples Bank typically finance?
First Peoples Bank specializes in SBA 7(a) lending to specific industries including fruit and vegetable retailers, wood container and pallet manufacturing, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Peoples Bank's typical SBA loan terms?
First Peoples Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 87 months (approximately 7 years). Loan sizes range from $24K to $350K, with an average loan size of $115K.
Do I need a business valuation for a First Peoples Bank SBA loan?
Yes, First Peoples Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does First Peoples Bank compare to other SBA lenders?
First Peoples Bank has originated 8 SBA loans totaling $919K since 1995. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does First Peoples Bank lend in?
First Peoples Bank provides SBA 7(a) financing with particularly strong presence in GA, AL. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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