
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.
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 |
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.
Features:
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 |
Simple. Predictable. Smart.