SBA Lending

As a Preferred SBA Lender, Peoples Bank & Trust Co. has extensive knowledge and experience with all the SBA loan programs. Peoples Bank & Trust Co. can help you, in all 50 states.

Frequently Asked Questions

Why should I get an SBA Loan for my business?
The SBA's guaranty allows Peoples Bank & Trust Co. to provide financing to businesses which might not have qualified for conventional bank financing.

If I have a good credit, why should I do an SBA Loan?
SBA is a great path for all different credit types.  The SBA program allows institutions to offer longer terms, reduced debt service requirements.

May I pay off personal debt with an SBA loan?
SBA loans can only be used for business related purposes. Loan proceeds can only be used for business purpose.

Do I have to apply for a conventional business loan before applying for an SBA loan?
No an SBA Loan can be a great start to help get your business to qualify more a conventional business loan.

What about past credit problems or bankruptcy?
Past credit problems will be considered on a case-by-case basis.

What are the advantages of an SBA loan for my business?
SBA loans provide for longer terms, reduced debt service requirements, improved cash flow, fully amortizing loans or balloon payments

Can I include my closing costs in the loan proceeds?
Yes closing costs can be included in loan proceeds.

Can I refinance my existing bank debt with an SBA loan?
Yes, if the refinance includes significant economic benefit to your company and your current lender is not in a position to sustain a loss.

Don’t SBA loan take longer than conventional business loans?
All loans require great due diligence by any institution. SBA turn times can beat, equal or in some cases take longer than most institution turn times.

From starting up or expanding your business, let Peoples Bank & Trust Co. help you get there. Listed below are just a few of the loans that we offer through SBA. For more detailed information contact a Commercial Loan Officer today.

SBA 7(A) Loan Program

Loans feature long-term financing for most business purposes including the purchase of real estate, equipment, business acquisition, refinancing and working capital.

  • Up to $5,000,000
  • Terms based on use of loan proceeds
  • Guaranty fee credits available based on amount of loan

504 Loan Program

Provides SBA direct permanent financing for real estate purchases, completed construction or machinery and equipment purchases. Features low fixed interest rates, long terms and low borrower equity.

  • Up to $12,500,500**
  • Terms based on use of loan proceeds
  • Guaranty fee credits available based on amount of loan

SBA Express

Features accelerated turnaround time for SBA response

  • Up to $350,000
  • Terms based on use of loan proceeds
  • Guaranty fee credit available based on amount of loan

*All loan products subject to credit approval
**Depending on contribution amount towards loan.

SBA logo



  • Acquisition
  • Construction / Renovation
  • Debt Refinance
  • Machinery & Equipment
  • Real Estate
  • Start-Up Business
  • Working Capital / Inventory


  • Less Restrictive Collateral Requirements
  • Longer Repayment Terms             
  • Lower Equity Requirements
  • Lower Payments
  • No Balloon Payments

To find out more about SBA Loan Programs, call a Commercial Lender today or Click here