Peoples National Bank of Kewanee
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Peoples National Bank of Kewanee
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 16 | $2.3M | $143K | 50.0% |
| 812112 | Beauty Salons | 8 | $680K | $85K | 25.0% |
| 812210 | Funeral Homes and Funeral Services | 8 | $17.7M | $2.2M | 25.0% |
Geographic Distribution
SBA lending activity for Peoples National Bank of Kewanee by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 32 | $20.7M | 100.0% |
Why Choose Peoples National Bank of Kewanee?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $20.7M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Beauty Salons, Funeral Homes and Funeral Services
- ✓Competitive Terms: Average interest rate of 6.56% with flexible term lengths averaging 255 months
- ✓Loan Range: Loan sizes from $85K to $2.2M, with an average of $646K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 National Bank of Kewanee SBA lending
What types of businesses does Peoples National Bank of Kewanee typically finance?
Peoples National Bank of Kewanee specializes in SBA 7(a) lending to specific industries including full-service restaurants, beauty salons, funeral homes and funeral services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Peoples National Bank of Kewanee's typical SBA loan terms?
Peoples National Bank of Kewanee's SBA 7(a) loans typically feature an average interest rate of 6.56% and average term length of 255 months (approximately 21 years). Loan sizes range from $85K to $2.2M, with an average loan size of $646K.
Do I need a business valuation for a Peoples National Bank of Kewanee SBA loan?
Yes, Peoples National Bank of Kewanee 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 National Bank of Kewanee compare to other SBA lenders?
Peoples National Bank of Kewanee has originated 32 SBA loans totaling $20.7M 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 National Bank of Kewanee lend in?
Peoples National Bank of Kewanee provides SBA 7(a) financing with particularly strong presence in IL. 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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