The Peoples National Bank of Checotah
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Peoples National Bank of Checotah · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332911 | Industrial Valve Manufacturing | 1 | $327K | $327K | 16.7% |
| 512131 | Motion Picture Theaters (except Drive-Ins) | 1 | $132K | $132K | 16.7% |
Geographic Distribution
SBA lending activity for The Peoples National Bank of Checotah by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 6 | $1.3M | 100.0% |
Why Choose The Peoples National Bank of Checotah?
Based on SBA 7(a) lending track record from 1991-2009
- ✓Proven Track Record: 6 SBA loans approved, totaling $1.3M in financing
- ✓Industry Expertise: Specialized focus on Industrial Valve Manufacturing, Motion Picture Theaters (except Drive-Ins)
- ✓Competitive Terms: Average interest rate of 4.75% with flexible term lengths averaging 114 months
- ✓Loan Range: Loan sizes from $20K to $533K, with an average of $209K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OK
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 The Peoples National Bank of Checotah SBA lending
What types of businesses does The Peoples National Bank of Checotah typically finance?
The Peoples National Bank of Checotah specializes in SBA 7(a) lending to specific industries including industrial valve manufacturing, motion picture theaters (except drive-ins). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Peoples National Bank of Checotah's typical SBA loan terms?
The Peoples National Bank of Checotah's SBA 7(a) loans typically feature an average interest rate of 4.75% and average term length of 114 months (approximately 10 years). Loan sizes range from $20K to $533K, with an average loan size of $209K.
Do I need a business valuation for a The Peoples National Bank of Checotah SBA loan?
Yes, The Peoples National Bank of Checotah 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 The Peoples National Bank of Checotah compare to other SBA lenders?
The Peoples National Bank of Checotah has originated 6 SBA loans totaling $1.3M since 1991. 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 The Peoples National Bank of Checotah lend in?
The Peoples National Bank of Checotah provides SBA 7(a) financing with particularly strong presence in OK. 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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Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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