Small Business Term Loan and Line of Credit

Credit needs up to $250,000

Partner with Peoples Bank and enjoy knowing you’re not in business alone. Our primary focus is to ensure your business is properly financed to meet the needs of your business today and into the future.

Custom Financing Solutions for your business needs to manage cash flow and finance longer term purchases.

Know what to Expect and receive a timely loan decision with our streamlined process and structured response time.

Small Business Line of Credit

Well managed cash flow is critical to the success of your business. An operating line of credit can serve as the primary source of credit for your daily cash flow needs and allow your business to take advantage of trade discounts, expedite inventory purchases and manage cash flow more effectively.

Features:

Term	Revolving, up to 60 months
Origination Fee	<$100k = $300* / $100-$250k = $500*
Annual Fee	<$100k = $150/no fee if SBA / $100-$250k = $350*
Credit Amount	$10,000-$250,000
Minimum Draw	$50.00
Monthly Payment	Accrued interest/$20 min.

*Inquire about SBA fees.

To Qualify:

Time in Business	2 years/none if SBA
Tax Returns	3 years
Peoples Business Checking	Required