Peoples Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Peoples Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484121 | General Freight Trucking, Long-Distance, Truckload | 4 | $590K | $148K | 10.0% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 2 | $535K | $268K | 5.0% |
| 524210 | Insurance Agencies and Brokerages | 2 | $310K | $155K | 5.0% |
| 621310 | Offices of Chiropractors | 2 | $133K | $67K | 5.0% |
| 111110 | Soybean Farming | 2 | $1.4M | $703K | 5.0% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $120K | $60K | 5.0% |
| 115112 | Soil Preparation, Planting, and Cultivating | 2 | $4.0M | $2.0M | 5.0% |
| 541110 | Offices of Lawyers | 1 | $30K | $30K | 2.5% |
| 484110 | General Freight Trucking, Local | 1 | $175K | $175K | 2.5% |
| 238910 | Site Preparation Contractors | 1 | $84K | $84K | 2.5% |
Geographic Distribution
SBA lending activity for Peoples Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Iowa (IA) | 40 | $11.0M | 100.0% |
Why Choose Peoples Savings Bank?
Based on SBA 7(a) lending track record from 1993-2016
- ✓Proven Track Record: 40 SBA loans approved, totaling $11.0M in financing
- ✓Industry Expertise: Specialized focus on General Freight Trucking, Long-Distance, Truckload, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Insurance Agencies and Brokerages
- ✓Competitive Terms: Average interest rate of 5.55% with flexible term lengths averaging 123 months
- ✓Loan Range: Loan sizes from $8K to $3.0M, with an average of $275K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IA
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 Savings Bank SBA lending
What types of businesses does Peoples Savings Bank typically finance?
Peoples Savings Bank specializes in SBA 7(a) lending to specific industries including general freight trucking, long-distance, truckload, commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, insurance agencies and brokerages, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Peoples Savings Bank's typical SBA loan terms?
Peoples Savings Bank's SBA 7(a) loans typically feature an average interest rate of 5.55% and average term length of 123 months (approximately 10 years). Loan sizes range from $8K to $3.0M, with an average loan size of $275K.
Do I need a business valuation for a Peoples Savings Bank SBA loan?
Yes, Peoples Savings 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 Savings Bank compare to other SBA lenders?
Peoples Savings Bank has originated 40 SBA loans totaling $11.0M since 1993. 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 Savings Bank lend in?
Peoples Savings Bank provides SBA 7(a) financing with particularly strong presence in IA. 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.
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