PeoplesSouth Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by PeoplesSouth Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 2 | $1.9M | $926K | 4.3% |
| 713950 | Bowling Centers | 2 | $5.0M | $2.5M | 4.3% |
| 332710 | Machine Shops | 1 | $101K | $101K | 2.2% |
| 624410 | Child Care Services | 1 | $64K | $64K | 2.2% |
| 441110 | New Car Dealers | 1 | $600K | $600K | 2.2% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 1 | $211K | $211K | 2.2% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 1 | $701K | $701K | 2.2% |
| 456110 | Pharmacies and Drug Retailers | 1 | $234K | $234K | 2.2% |
| 111992 | Peanut Farming | 1 | $4.9M | $4.9M | 2.2% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $135K | $135K | 2.2% |
Geographic Distribution
SBA lending activity for PeoplesSouth Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Alabama (AL) | 22 | $7.6M | 47.8% |
| Georgia (GA) | 12 | $6.6M | 26.1% |
| Florida (FL) | 12 | $6.4M | 26.1% |
Why Choose PeoplesSouth Bank?
Based on SBA 7(a) lending track record from 1992-2023
- ✓Proven Track Record: 46 SBA loans approved, totaling $20.7M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Bowling Centers, Machine Shops
- ✓Competitive Terms: Average interest rate of 5.53% with flexible term lengths averaging 144 months
- ✓Loan Range: Loan sizes from $10K to $4.9M, with an average of $449K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in AL, FL, GA
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 PeoplesSouth Bank SBA lending
What types of businesses does PeoplesSouth Bank typically finance?
PeoplesSouth Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, bowling centers, machine shops, child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are PeoplesSouth Bank's typical SBA loan terms?
PeoplesSouth Bank's SBA 7(a) loans typically feature an average interest rate of 5.53% and average term length of 144 months (approximately 12 years). Loan sizes range from $10K to $4.9M, with an average loan size of $449K.
Do I need a business valuation for a PeoplesSouth Bank SBA loan?
Yes, PeoplesSouth 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 PeoplesSouth Bank compare to other SBA lenders?
PeoplesSouth Bank has originated 46 SBA loans totaling $20.7M 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 PeoplesSouth Bank lend in?
PeoplesSouth Bank provides SBA 7(a) financing with particularly strong presence in AL, FL, GA. 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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