Peoples Bank and Trust Company of Pickett County
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Peoples Bank and Trust Company of Pickett County · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 333912 | Air and Gas Compressor Manufacturing | 2 | $375K | $188K | 14.3% |
| 321113 | Sawmills | 2 | $980K | $490K | 14.3% |
| 321211 | Hardwood Veneer and Plywood Manufacturing | 1 | $100K | $100K | 7.1% |
| 713110 | Amusement and Theme Parks | 1 | $425K | $425K | 7.1% |
Geographic Distribution
SBA lending activity for Peoples Bank and Trust Company of Pickett County by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 8 | $2.3M | 57.1% |
| Tennessee (TN) | 6 | $1.4M | 42.9% |
Why Choose Peoples Bank and Trust Company of Pickett County?
Based on SBA 7(a) lending track record from 1992-2011
- ✓Proven Track Record: 14 SBA loans approved, totaling $3.7M in financing
- ✓Industry Expertise: Specialized focus on Air and Gas Compressor Manufacturing, Sawmills, Hardwood Veneer and Plywood Manufacturing
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 136 months
- ✓Loan Range: Loan sizes from $60K to $825K, with an average of $263K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in KY, TN
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 and Trust Company of Pickett County SBA lending
What types of businesses does Peoples Bank and Trust Company of Pickett County typically finance?
Peoples Bank and Trust Company of Pickett County specializes in SBA 7(a) lending to specific industries including air and gas compressor manufacturing, sawmills, hardwood veneer and plywood manufacturing, amusement and theme parks. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Peoples Bank and Trust Company of Pickett County's typical SBA loan terms?
Peoples Bank and Trust Company of Pickett County's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 136 months (approximately 11 years). Loan sizes range from $60K to $825K, with an average loan size of $263K.
Do I need a business valuation for a Peoples Bank and Trust Company of Pickett County SBA loan?
Yes, Peoples Bank and Trust Company of Pickett County 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 and Trust Company of Pickett County compare to other SBA lenders?
Peoples Bank and Trust Company of Pickett County has originated 14 SBA loans totaling $3.7M since 1992. 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 and Trust Company of Pickett County lend in?
Peoples Bank and Trust Company of Pickett County provides SBA 7(a) financing with particularly strong presence in KY, TN. 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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