WHY PEOPLES BANK
Peoples Bank: Since 1908
Peoples Bank is not a broker. We are a bank. Your SBA loan application will not be shopped to a faceless institution. Instead, you will get the benefit of working one-on-one with a bank that is interested in helping you get the capital you need to make your small business succeed. We understand that small businesses are the engine of our economy. Your success is our success.
In 1994, Congress created the Community Development Financial Institution (CDFI) Fund to encourage financial institutions to focus their mission on providing capital to economically distressed areas of the country.
Peoples Bank is proud of our designation as a certified Community Development Financial Institution. By providing affordable capital to the consumers and businesses we are living out our mission to promote economic growth in the communities we serve.
Check out our Small Business spotlight video.
Peoples Bank was founded in 1908 in Mendenhall, Mississippi. From the very beginning our focus has been on servicing our community and treating others the way we would like be treated. As we have grown over the years, both in size and reach, our focus has not waivered. Whether our customer is next door, or five states over, our goal is the same; unparalleled service and competency.
We’ve been making SBA loans successfully for 30 years. Over that time, we have helped hundreds of businesses begin and grow. Seeing small businesses succeed is our passion. Our efforts have not gone unnoticed. In 2011, Peoples Bank was named the National SBA Small Lender of the Year, despite being a fraction of the size of the other bank’s considered.
PREFERRED LENDER STATUS
Peoples Bank is a Preferred SBA lender. What that means is that for loans less than $350,000 we have the authority, delegated by SBA, to approve or deny your request without having to go through the SBA submission process. While this does not decrease the amount of necessary documentation, it does greatly reduce the time between application and closing.
Regardless of the size or complexity of your request, Peoples Bank is committed to providing the utmost in personalized customer service. With 30 years of SBA lending experience, we pride ourselves on offering Small Bank Service with Big Bank Ability.