Peoples State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Peoples State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 21 | $3.5M | $166K | 5.5% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 14 | $4.4M | $315K | 3.6% |
| 722511 | Full-Service Restaurants | 11 | $3.3M | $302K | 2.9% |
| 624410 | Child Care Services | 10 | $1.8M | $177K | 2.6% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 7 | $620K | $89K | 1.8% |
| 561730 | Landscaping Services | 7 | $1.2M | $169K | 1.8% |
| 811111 | General Automotive Repair | 7 | $819K | $117K | 1.8% |
| 562111 | Solid Waste Collection | 6 | $3.1M | $517K | 1.6% |
| 488510 | Freight Transportation Arrangement | 6 | $376K | $63K | 1.6% |
| 713940 | Fitness and Recreational Sports Centers | 6 | $1.0M | $173K | 1.6% |
Geographic Distribution
SBA lending activity for Peoples State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wisconsin (WI) | 313 | $69.4M | 81.3% |
| North Dakota (ND) | 33 | $6.9M | 8.6% |
| Ohio (OH) | 7 | $3.1M | 1.8% |
| Minnesota (MN) | 11 | $2.1M | 2.9% |
| Oklahoma (OK) | 13 | $1.6M | 3.4% |
| District of Columbia (DC) | 1 | $850K | 0.3% |
| New York (NY) | 1 | $835K | 0.3% |
| Iowa (IA) | 2 | $238K | 0.5% |
| Illinois (IL) | 1 | $200K | 0.3% |
| Michigan (MI) | 1 | $125K | 0.3% |
| Texas (TX) | 2 | $121K | 0.5% |
Why Choose Peoples State Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 385 SBA loans approved, totaling $85.3M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), Supermarkets and Other Grocery Retailers (except Convenience Retailers), Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.17% with flexible term lengths averaging 113 months
- ✓Loan Range: Loan sizes from $5K to $4.4M, with an average of $222K
- ✓Nationwide Reach: Active lending in 11 states, with strong presence in WI, ND, OK
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 State Bank SBA lending
What types of businesses does Peoples State Bank typically finance?
Peoples State Bank specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), supermarkets and other grocery retailers (except convenience retailers), full-service restaurants, child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Peoples State Bank's typical SBA loan terms?
Peoples State Bank's SBA 7(a) loans typically feature an average interest rate of 6.17% and average term length of 113 months (approximately 9 years). Loan sizes range from $5K to $4.4M, with an average loan size of $222K.
Do I need a business valuation for a Peoples State Bank SBA loan?
Yes, Peoples State 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 State Bank compare to other SBA lenders?
Peoples State Bank has originated 385 SBA loans totaling $85.3M 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 State Bank lend in?
Peoples State Bank provides SBA 7(a) financing with particularly strong presence in WI, ND, OK, MN, OH. 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.
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