Business/Lending/Loans & Lines

Business/​Lending/​Loans & Lines

Peoples offers a wide range of financing options for short-term, seasonal and long-term borrowing needs. We’ll work closely with you to determine the option that’s right for your business.

Commercial Loans

Preserve your cash while growing your business. Best uses for our commercial loans include:

  • Long-term Working Capital
  • Machinery or Equipment
  • Inventory
  • Accounts Receivable

Commercial Real Estate Loans

As your business grows you may find that you need to have an upgrade to your current surroundings. Your real estate needs may include:

  • Construction
  • Multi-Family
  • Income Producing Property
  • Owner-Occupied

Construction Financing & Lot Acquisition

Peoples believes in supporting local home builders and real estate developers. We provide loans to:

  • Residential contractors for presold, speculation (spec) and model homes
  • Homebuilders to acquire residential lots

Acquisition & Development Loans

Peoples provides loans to developers and builders in order to acquire and improve raw land for the development of commercial and residential purposes. Improvements may include:

  • Laying or placement of sewers
  • Water pipes
  • Utility cables
  • Streets
  • Other horizontal infrastructure necessary for future development

Lines of Credit

A line of credit can provide you with available resources to manage the daily financial needs of your business. Your business needs may include:

  • Short-term working capital
  • Seasonal purchases
  • Inventory or payroll

Accounts Receivable Financing (Business Manager Line of Credit)

Could you grow your business if you had more cash? Peoples goal is to provide our clients an automated financing solution enabling them to better manage cash flow and take advantage of new business opportunities.

Letters of Credit

Ideal for import businesses, Peoples offers a number of Letters of Credit including:

  • Stand-by Letter of Credit
  • Commercial Letter of Credit
  • Export Letter of Credit

Municipal Lending & Accounts Receivable Financing

Peoples offers flexible and competitive municipal financing solutions and benefits including:

  • Municipal Lending-Competitive Tax Exempt rates for loans and leases*
  • All transactions are Tax Payer Bill of Rights Compliant
  • Flexible financing available for municipal properties, fire stations, fire trucks, EMS vehicles, school buses and equipment
  • Mil levy anticipation lines of credit available for your expansion

SBA Loans

As part of our commitment to the growth of small businesses, Peoples is a leading participant in the lending programs of the U.S. Small Business Administration.