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Small Business Term Loans and LOC

Smart Solutions loans for small business

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.


Product Options

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.



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

Small Business Term Loan

Based on your needs for purchasing equipment, financing real estate, expanding working capital or expanding your business, a term loan may be the right fit for your company. With a variety of rates and terms available, we can customize a term loan to meet the needs of your business.



Term 12 to 60 months/up to 84 months if SBA
Origination Fee 1%, $300 minimum
Annual Fee no fee
Credit Amount $10,000-$250,000
Minimum Draw N/A
Monthly Payment Fixed monthly payment

*Inquire about SBA fees.

To Qualify:

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


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Partner with Peoples Bank - put the expertise of our local lending experts to work for your business.

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5 Star RatingPeoples Bank is rated 5-Stars by Bauer
Rating as of March 2023