Peoples State Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Peoples State Bank · FY 2020
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 1 | $108K | $108K | 16.7% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $427K | $427K | 16.7% |
| 561730 | Landscaping Services | 1 | $45K | $45K | 16.7% |
| 621310 | Offices of Chiropractors | 1 | $302K | $302K | 16.7% |
| 713990 | All Other Amusement and Recreation Industries | 1 | $235K | $235K | 16.7% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $350K | $350K | 16.7% |
Geographic Distribution
SBA lending activity for Peoples State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Wisconsin (WI) | 6 | $1.5M | 100.0% |
Why Choose Peoples State Bank?
Based on SBA 7(a) lending track record in FY 2020
- ✓Proven Track Record: 6 SBA loans approved, totaling $1.5M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Landscaping Services
- ✓Competitive Terms: Average interest rate of 5.07% with flexible term lengths averaging 108 months
- ✓Loan Range: Loan sizes from $45K to $427K, with an average of $244K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in WI
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 general automotive repair, commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, landscaping services, offices of chiropractors. 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 5.07% and average term length of 108 months (approximately 9 years). Loan sizes range from $45K to $427K, with an average loan size of $244K.
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 6 SBA loans totaling $1.5M in FY 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 State Bank lend in?
Peoples State Bank provides SBA 7(a) financing with particularly strong presence in WI. 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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