Peoples Trust and Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Peoples Trust and Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 2 | $1.8M | $910K | 9.5% |
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $200K | $200K | 4.8% |
| 812112 | Beauty Salons | 1 | $100K | $100K | 4.8% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 1 | $440K | $440K | 4.8% |
| 541940 | Veterinary Services | 1 | $357K | $357K | 4.8% |
| 314999 | All Other Miscellaneous Textile Product Mills | 1 | $45K | $45K | 4.8% |
| 531390 | Other Activities Related to Real Estate | 1 | $215K | $215K | 4.8% |
| 811111 | General Automotive Repair | 1 | $58K | $58K | 4.8% |
Geographic Distribution
SBA lending activity for Peoples Trust and Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 20 | $7.0M | 95.2% |
| Kentucky (KY) | 1 | $440K | 4.8% |
Why Choose Peoples Trust and Savings Bank?
Based on SBA 7(a) lending track record from 1992-2018
- ✓Proven Track Record: 21 SBA loans approved, totaling $7.4M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Drinking Places (Alcoholic Beverages), Beauty Salons
- ✓Competitive Terms: Average interest rate of 5.70% with flexible term lengths averaging 116 months
- ✓Loan Range: Loan sizes from $25K to $2.0M, with an average of $353K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IN, KY
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 Trust and Savings Bank SBA lending
What types of businesses does Peoples Trust and Savings Bank typically finance?
Peoples Trust and Savings Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, drinking places (alcoholic beverages), beauty salons, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Peoples Trust and Savings Bank's typical SBA loan terms?
Peoples Trust and Savings Bank's SBA 7(a) loans typically feature an average interest rate of 5.70% and average term length of 116 months (approximately 10 years). Loan sizes range from $25K to $2.0M, with an average loan size of $353K.
Do I need a business valuation for a Peoples Trust and Savings Bank SBA loan?
Yes, Peoples Trust and 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 Trust and Savings Bank compare to other SBA lenders?
Peoples Trust and Savings Bank has originated 21 SBA loans totaling $7.4M since 1992. 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 Trust and Savings Bank lend in?
Peoples Trust and Savings Bank provides SBA 7(a) financing with particularly strong presence in IN, KY. 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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