Peoples Bank & Trust
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Peoples Bank & Trust
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484110 | General Freight Trucking, Local | 200 | $81.0M | $405K | 29.1% |
| 238310 | Drywall and Insulation Contractors | 40 | $9.7M | $243K | 5.8% |
| 238990 | All Other Specialty Trade Contractors | 32 | $11.9M | $372K | 4.7% |
| 562111 | Solid Waste Collection | 32 | $6.6M | $207K | 4.7% |
| 722511 | Full-Service Restaurants | 32 | $11.1M | $348K | 4.7% |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Lea | 24 | $18.4M | $767K | 3.5% |
| 721110 | Hotels (except Casino Hotels) and Motels | 24 | $78.6M | $3.3M | 3.5% |
| 237110 | Water and Sewer Line and Related Structures Construction | 16 | $753K | $47K | 2.3% |
| 326122 | Plastics Pipe and Pipe Fitting Manufacturing | 16 | $41.0M | $2.6M | 2.3% |
| 238160 | Roofing Contractors | 16 | $25.0M | $1.6M | 2.3% |
Geographic Distribution
SBA lending activity for Peoples Bank & Trust by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 576 | $293.3M | 83.7% |
| Missouri (MO) | 40 | $100.7M | 5.8% |
| Georgia (GA) | 48 | $29.7M | 7.0% |
| Indiana (IN) | 16 | $9.3M | 2.3% |
| Florida (FL) | 8 | $763K | 1.2% |
Why Choose Peoples Bank & Trust?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 688 SBA loans approved, totaling $433.8M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Local, Drywall and Insulation Contractors, All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of 6.82% with flexible term lengths averaging 112 months
- ✓Loan Range: Loan sizes from $21K to $5.0M, with an average of $630K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in IL, GA, MO
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 & Trust SBA lending
What types of businesses does Peoples Bank & Trust typically finance?
Peoples Bank & Trust specializes in SBA 7(a) lending to specific industries including general freight trucking, local, drywall and insulation contractors, all other specialty trade contractors, solid waste collection. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Peoples Bank & Trust's typical SBA loan terms?
Peoples Bank & Trust's SBA 7(a) loans typically feature an average interest rate of 6.82% and average term length of 112 months (approximately 9 years). Loan sizes range from $21K to $5.0M, with an average loan size of $630K.
Do I need a business valuation for a Peoples Bank & Trust SBA loan?
Yes, Peoples Bank & Trust 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 & Trust compare to other SBA lenders?
Peoples Bank & Trust has originated 688 SBA loans totaling $433.8M 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 & Trust lend in?
Peoples Bank & Trust provides SBA 7(a) financing with particularly strong presence in IL, GA, MO, IN, FL. 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?
Professional valuations are often required for SBA loans over $250,000.
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