Business Lending and Financing

Peoples Bank & Trust Co. wants you to help you with your business lending needs. Come visit one of our locations today and find out what loan product can take your company to the next level!

Frequently Asked Questions

What's the first step I should take to find out more about obtaining a Business loan?
You can stop by or call a location near you to talk to a lender to set up an appointment

How long does it take to get a commercial loan?
As a community bank, we have easier access to our executives to make decisions in a faster manner than larger financial institutions. Our President and executive team work in the corporate location, which allows us to get a quick answer. 

What options are available for business financing, but do not have sufficient cash available to meet traditional down payment requirements?
Peoples Bank & Trust Co. is a Preferred SBA Lender which has SBA Programs which provide for multiple financing options.

Eligible programs include:

  • Real Estate and Equipment Acquisition
  • Construction
  • Expansion or Improvement.

The Bank also participates in other SBA guaranty programs that allow us assist borrowers with their various financing needs.

What information do I need in order to apply for a business loan?
In order to review a request for credit for your business, we would need the following information:

  • Personal financial statement
  • Tax returns for past two years for the business
  • Personal tax returns for the past two years
  • Current Profit and Loss
  • Current balance sheet

What other services does Peoples Bank & Trust Co. offer for businesses besides loans?
Peoples Bank & Trust Co. offers a full line of products, including checking accounts, merchant services, remote deposit and more.

Common Key Terms used:

DSCR or Debt-Service Coverage Ratio: Formula which measures the property’s ability to service its outstanding debt.
LTV or Loan to Value: Figure that measures the value of a loan against the appraised value of the property.
UCC or Uniform Commercial Code: Legal form filed to show the bank has interest in a form of property by the borrower.
Lein: Placed on Collateral in order to collect/secure debt for a loan
LOC or Line of Credit: An approved amount of money to a borrower to take at any time for a certain purpose, with making payments to the line determined by the bank.


Secured Commercial Loans: Loans designed to assist with capital needs.

Secured Lines Of Credit: The lines of credits are designed to assist with short-term capital needs and business expansion

Real Estate Secured Commercial Loans: Financing of Residential Development Projects including Subdivisions, Single Family and Multi-family Housing; Office and Retail Projects to Licensed Contractors; Plants and Facilities financing.

SBA Loan Programs: Find out more

*All loan products subject to credit approval


All Business Loans come with:

Online Banking with Funds Manager Recieve Text Message Alerts For All Account Activity Mobile App