Peoples Exchange Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Peoples Exchange Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621111 | Offices of Physicians (except Mental Health Specialists) | 3 | $300K | $100K | 6.3% |
| 812112 | Beauty Salons | 3 | $130K | $43K | 6.3% |
| 624410 | Child Care Services | 2 | $155K | $78K | 4.2% |
| 621310 | Offices of Chiropractors | 2 | $211K | $106K | 4.2% |
| 722511 | Full-Service Restaurants | 2 | $1.2M | $578K | 4.2% |
| 332999 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 1 | $144K | $144K | 2.1% |
| 541211 | Offices of Certified Public Accountants | 1 | $80K | $80K | 2.1% |
| 623311 | Continuing Care Retirement Communities | 1 | $50K | $50K | 2.1% |
| 312111 | Soft Drink Manufacturing | 1 | $150K | $150K | 2.1% |
| 339950 | Sign Manufacturing | 1 | $120K | $120K | 2.1% |
Geographic Distribution
SBA lending activity for Peoples Exchange Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Kentucky (KY) | 47 | $11.5M | 97.9% |
| Alabama (AL) | 1 | $176K | 2.1% |
Why Choose Peoples Exchange Bank?
Based on SBA 7(a) lending track record from 1994-2024
- ✓Proven Track Record: 48 SBA loans approved, totaling $11.7M in financing
- ✓Industry Expertise: Specialized focus on Offices of Physicians (except Mental Health Specialists), Beauty Salons, Child Care Services
- ✓Competitive Terms: Average interest rate of 5.69% with flexible term lengths averaging 116 months
- ✓Loan Range: Loan sizes from $15K to $3.0M, with an average of $244K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in KY, 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 Peoples Exchange Bank SBA lending
What types of businesses does Peoples Exchange Bank typically finance?
Peoples Exchange Bank specializes in SBA 7(a) lending to specific industries including offices of physicians (except mental health specialists), beauty salons, child care services, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Peoples Exchange Bank's typical SBA loan terms?
Peoples Exchange Bank's SBA 7(a) loans typically feature an average interest rate of 5.69% and average term length of 116 months (approximately 10 years). Loan sizes range from $15K to $3.0M, with an average loan size of $244K.
Do I need a business valuation for a Peoples Exchange Bank SBA loan?
Yes, Peoples Exchange 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 Exchange Bank compare to other SBA lenders?
Peoples Exchange Bank has originated 48 SBA loans totaling $11.7M since 1994. 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 Exchange Bank lend in?
Peoples Exchange Bank provides SBA 7(a) financing with particularly strong presence in KY, 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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