Peoples State Bank of Wells
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Peoples State Bank of Wells · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for Peoples State Bank of Wells by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 6 | $296K | 100.0% |
Why Choose Peoples State Bank of Wells?
Based on SBA 7(a) lending track record from 1995-2000
- ✓Proven Track Record: 6 SBA loans approved, totaling $296K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 79 months
- ✓Loan Range: Loan sizes from $17K to $100K, with an average of $49K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
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 of Wells SBA lending
What types of businesses does Peoples State Bank of Wells typically finance?
Peoples State Bank of Wells specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Peoples State Bank of Wells's typical SBA loan terms?
Peoples State Bank of Wells's SBA 7(a) loans typically feature an average interest rate of — and average term length of 79 months (approximately 7 years). Loan sizes range from $17K to $100K, with an average loan size of $49K.
Do I need a business valuation for a Peoples State Bank of Wells SBA loan?
Yes, Peoples State Bank of Wells 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 of Wells compare to other SBA lenders?
Peoples State Bank of Wells has originated 6 SBA loans totaling $296K since 1995. 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 of Wells lend in?
Peoples State Bank of Wells provides SBA 7(a) financing with particularly strong presence in MN. 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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