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Peoples Savings Bank prides itself on being independently and locally owned. Our local operation enables us to provide expedient and creative financing programs.
Peoples Bank provides the Commercial Services necessary to assist your business in achieving its objectives. We offer a complete line of agricultural and commercial services including lines of credit, term loans for purchasing equipment, and loans for construction, acquisition or remodeling of commercial real estate. Please look through our lending services below for further information. If you have any questions, please feel free to contact us:
Please remember that general e-mail is not secure, so please do not send confidential information.
- Development Loans: Used for the purchase and development costs associated with both commercial and residential properties.
- Construction Loans: Commercial construction loans are available for the construction of both owner-occupied and investor owned properties. Residential construction loans are utilized for the construction of residential properties, both speculative and custom, by professional builders.
- Working Capital Lines of Credit: For short term and/or ongoing borrowing needs, a line of credit provides a business with the ability to pay down and advance on their loan as needed.
- Term Loans: If need requires long term borrowing, we offer term loans which require monthly payments, fully paying the loan over a predetermined period. They are often used to finance the purchase of machinery, equipment and other fixed assets and real estate properties.
- SBA Loans: Designed for the borrowing needs of small businesses, a guaranty by the US Government provides additional flexibility in the amount of financing available, the maximum term of the loan, the payments required and the acceptability of collateral.
- Letters of Credit: Can provide payment assurance to a third party (standby letter of credit) or can serve as a payment vehicle in international transactions (import/export letter of credit).
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