| Preview Learn how we can help you get funds faster! | | | | Benefits of Banking with an SBA Preferred Lender
As an SBA Preferred Lender, we have achieved the highest lending status available within the Small Business Administration and are one of few community banks in our region with this designation. Banking with an SBA Preferred Lender provides you with the following benefits:
- Faster service with a local community bank
We have the authority to process, close, service, and liquidate most SBA Guaranteed loans without prior review and approval from the SBA. - Easier access to SBA loans
We are recognized as a financial institution that is proficient in SBA lending. - Quick approvals
We are able to make loan decisions more rapidly as an SBA Preferred Lender.
Free Webinar - Learn more about the process and benefits of working with an SBA Preferred Lender at our upcoming webinar. Register below! PeoplesBank Fee Waivers - Effective Until August 31, 2021
Packaging Fee Waiver
- Packaging fees for SBA loans with complete applications will be waived through August 31, 2021. This could result in as much as $2,500 in savings!
SBA Fee Waivers - Effective Until September 30, 2021
Temporary Fee Reductions
- Subject to the availability of funds, all 7(a) & Express loans for which an application is approved by the SBA and a loan number assigned:
- The SBA Guaranty fee is reduced to zero.
- The Lender's Annual Service fee is reduced to zero.
Maximum Loan Amount for SBA Express Loans - The current $1,000,000 maximum loan amount will be extended through September 30, 2021. On October 1, 2021, the maximum loan amount will permanently change to $500,000.
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