Peoples Bank of Northern Kentucky, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Peoples Bank of Northern Kentucky, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 1 | $150K | $150K | 11.1% |
| 541990 | All Other Professional, Scientific, and Technical Services | 1 | $520K | $520K | 11.1% |
Geographic Distribution
SBA lending activity for Peoples Bank of Northern Kentucky, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 6 | $1.9M | 66.7% |
| Ohio (OH) | 3 | $620K | 33.3% |
Why Choose Peoples Bank of Northern Kentucky, Inc.?
Based on SBA 7(a) lending track record from 2004-2007
- ✓Proven Track Record: 9 SBA loans approved, totaling $2.5M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, All Other Professional, Scientific, and Technical Services
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 86 months
- ✓Loan Range: Loan sizes from $105K to $611K, with an average of $279K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in KY, OH
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 of Northern Kentucky, Inc. SBA lending
What types of businesses does Peoples Bank of Northern Kentucky, Inc. typically finance?
Peoples Bank of Northern Kentucky, Inc. specializes in SBA 7(a) lending to specific industries including beauty salons, all other professional, scientific, and technical services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Peoples Bank of Northern Kentucky, Inc.'s typical SBA loan terms?
Peoples Bank of Northern Kentucky, Inc.'s SBA 7(a) loans typically feature an average interest rate of — and average term length of 86 months (approximately 7 years). Loan sizes range from $105K to $611K, with an average loan size of $279K.
Do I need a business valuation for a Peoples Bank of Northern Kentucky, Inc. SBA loan?
Yes, Peoples Bank of Northern Kentucky, Inc. 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 of Northern Kentucky, Inc. compare to other SBA lenders?
Peoples Bank of Northern Kentucky, Inc. has originated 9 SBA loans totaling $2.5M since 2004. 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 of Northern Kentucky, Inc. lend in?
Peoples Bank of Northern Kentucky, Inc. provides SBA 7(a) financing with particularly strong presence in KY, OH. 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.
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