Peoples Independent Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Peoples Independent Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 337122 | Nonupholstered Wood Household Furniture Manufacturing | 2 | $550K | $275K | 22.2% |
| 112310 | Chicken Egg Production | 1 | $260K | $260K | 11.1% |
| 221320 | Sewage Treatment Facilities | 1 | $150K | $150K | 11.1% |
| 112320 | Broilers and Other Meat Type Chicken Production | 1 | $202K | $202K | 11.1% |
| 811111 | General Automotive Repair | 1 | $150K | $150K | 11.1% |
Geographic Distribution
SBA lending activity for Peoples Independent Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 9 | $2.5M | 100.0% |
Why Choose Peoples Independent Bank?
Based on SBA 7(a) lending track record from 1991-2001
- ✓Proven Track Record: 9 SBA loans approved, totaling $2.5M in financing
- ✓Industry Expertise: Specialized focus on Nonupholstered Wood Household Furniture Manufacturing, Chicken Egg Production, Sewage Treatment Facilities
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 119 months
- ✓Loan Range: Loan sizes from $35K to $850K, with an average of $278K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 Independent Bank SBA lending
What types of businesses does Peoples Independent Bank typically finance?
Peoples Independent Bank specializes in SBA 7(a) lending to specific industries including nonupholstered wood household furniture manufacturing, chicken egg production, sewage treatment facilities, broilers and other meat type chicken production. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Peoples Independent Bank's typical SBA loan terms?
Peoples Independent Bank's SBA 7(a) loans typically feature an average interest rate of — and average term length of 119 months (approximately 10 years). Loan sizes range from $35K to $850K, with an average loan size of $278K.
Do I need a business valuation for a Peoples Independent Bank SBA loan?
Yes, Peoples Independent 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 Independent Bank compare to other SBA lenders?
Peoples Independent Bank has originated 9 SBA loans totaling $2.5M since 1991. 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 Independent Bank lend in?
Peoples Independent Bank provides SBA 7(a) financing with particularly strong presence in 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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