Peru Federal Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Peru Federal Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 8 | $3.6M | $450K | 25.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | $2.8M | $349K | 25.0% |
| 541921 | Photography Studios, Portrait | 8 | $720K | $90K | 25.0% |
| 721110 | Hotels (except Casino Hotels) and Motels | 8 | $2.4M | $299K | 25.0% |
Geographic Distribution
SBA lending activity for Peru Federal Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 32 | $9.5M | 100.0% |
Why Choose Peru Federal Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $9.5M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Plumbing, Heating, and Air-Conditioning Contractors, Photography Studios, Portrait
- ✓Competitive Terms: Average interest rate of 9.88% with flexible term lengths averaging 189 months
- ✓Loan Range: Loan sizes from $90K to $450K, with an average of $297K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
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 Peru Federal Savings Bank SBA lending
What types of businesses does Peru Federal Savings Bank typically finance?
Peru Federal Savings Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, plumbing, heating, and air-conditioning contractors, photography studios, portrait, hotels (except casino hotels) and motels. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Peru Federal Savings Bank's typical SBA loan terms?
Peru Federal Savings Bank's SBA 7(a) loans typically feature an average interest rate of 9.88% and average term length of 189 months (approximately 16 years). Loan sizes range from $90K to $450K, with an average loan size of $297K.
Do I need a business valuation for a Peru Federal Savings Bank SBA loan?
Yes, Peru Federal 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 Peru Federal Savings Bank compare to other SBA lenders?
Peru Federal Savings Bank has originated 32 SBA loans totaling $9.5M since 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 Peru Federal Savings Bank lend in?
Peru Federal Savings Bank provides SBA 7(a) financing with particularly strong presence in IL. 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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