The Peoples State Bank of Newton, Illinois
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Peoples State Bank of Newton, Illinois · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 2 | $200K | $100K | 12.5% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $18K | $18K | 6.3% |
| 323117 | Books Printing | 1 | $1.0M | $1.0M | 6.3% |
| 221111 | Hydroelectric Power Generation | 1 | $150K | $150K | 6.3% |
Geographic Distribution
SBA lending activity for The Peoples State Bank of Newton, Illinois by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 14 | $1.8M | 87.5% |
| Indiana (IN) | 2 | $200K | 12.5% |
Why Choose The Peoples State Bank of Newton, Illinois?
Based on SBA 7(a) lending track record from 1994-2007
- ✓Proven Track Record: 16 SBA loans approved, totaling $2.0M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Books Printing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 80 months
- ✓Loan Range: Loan sizes from $12K to $1.0M, with an average of $127K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in IL, IN
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 State Bank of Newton, Illinois SBA lending
What types of businesses does The Peoples State Bank of Newton, Illinois typically finance?
The Peoples State Bank of Newton, Illinois specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, books printing, hydroelectric power generation. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Peoples State Bank of Newton, Illinois's typical SBA loan terms?
The Peoples State Bank of Newton, Illinois's SBA 7(a) loans typically feature an average interest rate of — and average term length of 80 months (approximately 7 years). Loan sizes range from $12K to $1.0M, with an average loan size of $127K.
Do I need a business valuation for a The Peoples State Bank of Newton, Illinois SBA loan?
Yes, The Peoples State Bank of Newton, Illinois 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 State Bank of Newton, Illinois compare to other SBA lenders?
The Peoples State Bank of Newton, Illinois has originated 16 SBA loans totaling $2.0M since 1994. 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 State Bank of Newton, Illinois lend in?
The Peoples State Bank of Newton, Illinois provides SBA 7(a) financing with particularly strong presence in IL, IN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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