Peoples Bank
MENDENHALL, MS 39114
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Hotels (except Casino Hotels) and Motels
- General Freight Trucking, Local
- Beef Cattle Ranching and Farming
- General Freight Trucking, Long Distance, Truckload
- Logging
Quick Summary
Peoples Bank is an SBA-approved lender headquartered in MENDENHALL, Mississippi. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 619 SBA 7(a) loans totaling $693.9M, with an average loan size of $1.1M. They serve businesses across 27 states.
About Peoples Bank
Peoples Bank is an SBA-approved lender headquartered in MENDENHALL, Mississippi. Since 2020, they have approved 619 SBA 7(a) loans totaling $693.9M, with an average loan size of $1.1M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 27 states.
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Frequently Asked Questions
Is Peoples Bank an SBA Preferred Lender?
Yes, Peoples Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Peoples Bank approved?
According to SBA FOIA public records, Peoples Bank has approved 619 SBA 7(a) loans totaling $693.9M since 2020. Their average loan size is $1.1M.
What states does Peoples Bank serve?
Peoples Bank serves businesses in 27 states: Alabama, Arkansas, Colorado, Connecticut, Florida, Georgia, Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Michigan, Missouri, Mississippi, North Carolina, Nebraska, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia.
How do I apply for an SBA loan with Peoples Bank?
To apply for an SBA 7(a) loan with Peoples Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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