Peoples Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Peoples Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 1,656 | $4.44B | $2.7M | 20.3% |
| 484110 | General Freight Trucking, Local | 560 | $105.4M | $188K | 6.8% |
| 722511 | Full-Service Restaurants | 376 | $116.8M | $311K | 4.6% |
| 722513 | Limited-Service Restaurants | 256 | $137.5M | $537K | 3.1% |
| 713940 | Fitness and Recreational Sports Centers | 248 | $56.1M | $226K | 3.0% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 184 | $16.9M | $92K | 2.3% |
| 113310 | Logging | 176 | $21.4M | $122K | 2.2% |
| 112111 | Beef Cattle Ranching and Farming | 176 | $18.8M | $107K | 2.2% |
| 238910 | Site Preparation Contractors | 168 | $16.9M | $101K | 2.1% |
| 812199 | Other Personal Care Services | 128 | $32.6M | $255K | 1.6% |
Geographic Distribution
SBA lending activity for Peoples Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Mississippi (MS) | 2,880 | $1.10B | 35.2% |
| Texas (TX) | 736 | $1.06B | 9.0% |
| Ohio (OH) | 1,584 | $766.4M | 19.4% |
| North Carolina (NC) | 184 | $566.5M | 2.3% |
| Louisiana (LA) | 208 | $434.9M | 2.5% |
| South Carolina (SC) | 112 | $353.9M | 1.4% |
| Florida (FL) | 176 | $340.9M | 2.2% |
| Alabama (AL) | 152 | $293.5M | 1.9% |
| Kentucky (KY) | 240 | $278.9M | 2.9% |
| Georgia (GA) | 216 | $244.3M | 2.6% |
| Washington (WA) | 472 | $226.2M | 5.8% |
| Tennessee (TN) | 96 | $223.2M | 1.2% |
| Virginia (VA) | 80 | $221.5M | 1.0% |
| Indiana (IN) | 352 | $139.6M | 4.3% |
| New Mexico (NM) | 32 | $95.1M | 0.4% |
| Utah (UT) | 24 | $94.1M | 0.3% |
| Arkansas (AR) | 40 | $81.6M | 0.5% |
| Missouri (MO) | 56 | $78.7M | 0.7% |
| West Virginia (WV) | 264 | $71.1M | 3.2% |
| New York (NY) | 24 | $63.3M | 0.3% |
| Illinois (IL) | 88 | $59.8M | 1.1% |
| Kansas (KS) | 32 | $40.6M | 0.4% |
| Pennsylvania (PA) | 8 | $40.0M | 0.1% |
| Nebraska (NE) | 24 | $30.2M | 0.3% |
| Connecticut (CT) | 8 | $29.8M | 0.1% |
| Oklahoma (OK) | 16 | $26.6M | 0.2% |
| Colorado (CO) | 16 | $13.5M | 0.2% |
| Iowa (IA) | 16 | $7.6M | 0.2% |
| Michigan (MI) | 8 | $4.8M | 0.1% |
| Oregon (OR) | 32 | $4.8M | 0.4% |
Why Choose Peoples Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8,176 SBA loans approved, totaling $6.99B in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, General Freight Trucking, Local, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 7.46% with flexible term lengths averaging 157 months
- ✓Loan Range: Loan sizes from $5K to $5.0M, with an average of $855K
- ✓Nationwide Reach: Active lending in 30 states, with strong presence in MS, OH, TX
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 Peoples Bank SBA lending
What types of businesses does Peoples Bank typically finance?
Peoples Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, general freight trucking, local, full-service restaurants, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Peoples Bank's typical SBA loan terms?
Peoples Bank's SBA 7(a) loans typically feature an average interest rate of 7.46% and average term length of 157 months (approximately 13 years). Loan sizes range from $5K to $5.0M, with an average loan size of $855K.
Do I need a business valuation for a Peoples Bank SBA loan?
Yes, 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 Peoples Bank compare to other SBA lenders?
Peoples Bank has originated 8,176 SBA loans totaling $6.99B since 2020. 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 Peoples Bank lend in?
Peoples Bank provides SBA 7(a) financing with particularly strong presence in MS, OH, TX, WA, IN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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